Heavy North Sea maintenance dents output Oil output reductions offset by higher gas output Affirms 2% full-year output growth target Norway’s Equinor suffered a 5% year-on-year drop in its Norwegian oil output to 604,000 b/d in the second quarter, with additional steeper reductions overseas, as maintenance dented its ability to capture higher oil prices, a results statement July 28 showed. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The fall in oil output levels came despite increases at the company’s flagship 2.7 billion-barrel Johan Sverdrup field, suggesting sizeable reductions elsewhere in its portfolio. The Norwegian Petroleum Directorate has reported the country’s oil and gas industry suffered technical problems as well as a significant maintenance impact in June, though without specifying the companies involved. Equinor, Norway’s largest producer, also reported a 20% drop in its US oil output to 138,000 b/d, reflecting asset […]