Latest news with #offshorefields
Bloomberg
19 hours ago
- Business
- Bloomberg
Ivory Coast Sees Oil Output Increasing More Than Fivefold by 2035
Ivory Coast expects its oil output to increase more than fivefold in the next decade, boosted by recent discoveries and the start of production at two offshore fields. 'By 2035, crude-oil production is expected to reach at least 500,000 barrels per day, placing our country among the top five oil-producing countries on the continent,' Minister of Petroleum, Energy and Mines Mamadou Sangafowa-Coulibaly said. 'Natural gas will account for 1 million cubic feet per day.'
Reuters
20-05-2025
- Business
- Reuters
Norway's oil and gas output higher than forecast in April
COPENHAGEN, May 20 (Reuters) - Norway's combined oil and gas production exceeded an official forecast by 1.2% in April, even though it declined slightly year-on-year, the Norwegian Offshore Directorate (NOD) said on Tuesday. Overall oil, condensate, natural gas liquids and gas output stood at 0.663 million standard cubic metres per day in April, equivalent to 4.17 million barrels of oil equivalent, a decrease of 2.4% year-on-year. Norway is Europe's largest supplier of natural gas and a major producer of oil. Output varies from month to month depending on maintenance needs and other stoppages at more than 90 offshore fields. Natural gas production in April fell to 339.8 million cubic metres (mcm) per day from 346.8 mcm a year earlier, and exceeded a forecast of 335.6 mcm by 1.3%, the regulator said on its website. Crude oil output fell to 1.83 million barrels per day (bpd) in April from 1.84 million bpd in the same month last year, and came in 3.5% above a forecast of 1.77 million bpd, NOD's preliminary data showed.
