Grane Oil Pipeline
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Grane Oil Pipeline
Grane oil pipeline ( no, Grane oljerørledning) is a pipeline system in western Norway. It is long and runs from Grane oil field to Sture terminal, located north of Bergen, Norway. The pipeline operations commenced with start of production in the Grane oil field. Technical features The pipeline diameter is . Capacity of Grane oil pipeline is of oil. The greatest sea depth pipeline passes through is - through the Norwegian Trench. Over 110,000 tonnes of rock and gravel was used on the seabed to establish the correct foundation for the pipeline. The estimated lifetime of the pipeline is expected to be 30 years. Ownership The Grane pipeline is operated by Statoil and includes other partners. Total investment at start-up was nearly 1.6 billion NOK's. See also * Oseberg oil field *Grane oil field * Sture terminal *North Sea oil North Sea oil is a mixture of hydrocarbons, comprising liquid petroleum and natural gas, produced from petroleum reservoirs beneath th ...
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Statoil
Equinor ASA (formerly Statoil and StatoilHydro) is a Norwegian state owned enterprise, state-owned multinational energy company headquartered in Stavanger. It is primarily a petroleum company, petroleum company, operating in 36 countries with additional investments in renewable energy. In the 2020 Forbes Global 2000, Equinor was ranked as the 169th-largest public company in the world. the company has 21,126 employees. The current company was formed by the 2007 merger of History of Statoil (1972–2007), Statoil with the Hydro Oil & Gas, oil and gas division of Norsk Hydro. As of 2017, the Government of Norway is the largest shareholder with 67% of the shares, while the rest is public stock. The ownership interest is managed by the Ministry of Petroleum and Energy (Norway), Norwegian Ministry of Petroleum and Energy. The company is headquartered and led from Stavanger, while most of their international operations are currently led from Fornebu, outside Oslo. The name ''Equinor'' ...
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Grane Oil Field
Grane ( no, Granefeltet) is an offshore oil field in the North Sea located west of the city of Haugesund on the western coast of Norway. It is Norway's first heavy crude oil production field and Statoil's largest heavy oil field in the Norwegian continental shelf. The oil from the field, located in Block 25/11 is transported to Sture terminal via Grane oil pipeline. The injection gas is imported to Grane oil field from the Heimdal, located just north the field. Ownership The Grane field is operated by Statoil. Statoil holds 38%, Petoro – 30%, ExxonMobil – 25.60%, ConocoPhillips – 6.40%. Technical features The field lies in of water at total depth of . The reservoir is nearly and has an average pay thickness of with an average porosity of 33% and permeability of 5–10 Darcies. The reservoir consists of sandstones of Heimdal formation of Paleocene age, Lista Formation and has high viscosity. Development history Norsk Hydro and partners started development of ...
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Bergen
Bergen (), historically Bjørgvin, is a city and municipality in Vestland county on the west coast of Norway. , its population is roughly 285,900. Bergen is the second-largest city in Norway. The municipality covers and is on the peninsula of Bergenshalvøyen. The city centre and northern neighbourhoods are on Byfjorden, 'the city fjord', and the city is surrounded by mountains; Bergen is known as the "city of seven mountains". Many of the extra-municipal suburbs are on islands. Bergen is the administrative centre of Vestland county. The city consists of eight boroughs: Arna, Bergenhus, Fana, Fyllingsdalen, Laksevåg, Ytrebygda, Årstad, and Åsane. Trading in Bergen may have started as early as the 1020s. According to tradition, the city was founded in 1070 by King Olav Kyrre and was named Bjørgvin, 'the green meadow among the mountains'. It served as Norway's capital in the 13th century, and from the end of the 13th century became a bureau city of the Hanseatic Leag ...
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Norsk Hydro
Norsk Hydro ASA (often referred to as just ''Hydro'') is a Norwegian aluminium and renewable energy company, headquartered in Oslo. It is one of the largest aluminium companies worldwide. It has operations in some 50 countries around the world and is active on all continents. The Norwegian state owns 34.3% of the company through the Ministry of Trade, Industry and Fisheries. A further 6.5% is owned by Folketrygdfond, which administers the Government Pension Fund of Norway. Norsk Hydro employs approximately 35,000 people. Hilde Merete Aasheim has been the CEO since May, 2019. Hydro had a significant presence in the oil and gas industry until October 2007, when these operations were merged with Statoil to form StatoilHydro (in 2009 changed back to Statoil, which is now called Equinor). History First steps with fertiliser Financed by the Swedish Wallenberg family and French banks, the company was founded on December 2, 1905 as Norsk hydro-elektrisk (lit. Norwegian hydro-electri ...
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Petoro
Petoro is a company that is wholly owned by the Government of Norway. Established in 2001, it manages the Government's portfolio—collectively called State's Direct Financial Interest (SDFI)—of exploration and production licenses for petroleum and natural gas on the Norwegian continental shelf The Norwegian continental shelf ( no, Den norske kontinentalsokkelen) (abbreviated as NCS) is the continental shelf over which Norway exercises sovereign rights as defined by the United Nations Convention on the Law of the Sea. The area of the s .... The company also has a control function surveying Equinor's production on behalf of the Government. Petoro is not an operator of any fields and does not directly own the licenses. In 2021, Petoro was ranked no. 33 out of 120 oil, gas, and mining companies involved in resource extraction north of the Arctic Circle in the Arctic Environmental Responsibility Index (AERI).Overland, I., Bourmistrov, A., Dale, B., Irlbacher‐Fox, S., ...
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ExxonMobil
ExxonMobil Corporation (commonly shortened to Exxon) is an American multinational oil and gas corporation headquartered in Irving, Texas. It is the largest direct descendant of John D. Rockefeller's Standard Oil, and was formed on November 30, 1999, by the merger of Exxon and Mobil, both of which are used as retail brands, alongside Esso, for fueling stations and downstream products today. The company is vertically integrated across the entire oil and gas industry, and within it is also a chemicals division which produces plastic, synthetic rubber, and other chemical products. ExxonMobil is incorporated in New Jersey. ExxonMobil's earliest corporate ancestor was Vacuum Oil Company, though Standard Oil is its largest ancestor prior to its breakup. The entity today known as ExxonMobil grew out of the Standard Oil Company of New Jersey (or Jersey Standard for short), the corporate entity which effectively controlled all of Standard Oil prior to its breakup. Jersey Standard grew a ...
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ConocoPhillips
ConocoPhillips Company is an American multinational corporation engaged in hydrocarbon exploration and production. It is based in the Energy Corridor district of Houston, Texas. The company has operations in 15 countries and has production in the United States (49% of 2019 production), Norway (10% of 2019 production), Canada (5% of 2019 production), Australia (12% of 2019 production), Indonesia (4% of 2019 production), Malaysia (4% of 2019 production), Libya (3% of 2019 production), China (3% of 2019 production), and Qatar (6% of 2019 production). The company's production in the United States included production in Alaska, the Eagle Ford Group, the Permian Basin (North America), Permian Basin, the Bakken Formation, the Gulf of Mexico and the Anadarko Basin. Approximately 1/3 of the company's U.S. production is in Alaska, where it has operations in the Cook Inlet Area, the Alpine oil field off the Colville River (Alaska), Colville River, and the Kuparuk oil field and Prudhoe Bay ...
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Norwegian Krone
The krone (, abbreviation: kr (also NKr for distinction); code: NOK), plural ''kroner'', is currency of the Kingdom of Norway (including Svalbard). Traditionally known as the Norwegian crown in English. It is nominally subdivided into 100 ''øre'', although the last coins denominated in øre were withdrawn in 2012. The krone was the thirteenth-most-traded currency in the world by value in April 2010, down three positions from 2007. The Norwegian krone is also informally accepted in many shops in Sweden and Finland that are close to the Norwegian border, and also in some shops in the Danish ferry ports of Hirtshals and Frederikshavn. Norwegians spent 14.1 billion NOK on border shopping in 2015 compared to 10.5 billion NOK spent in 2010. Border shopping is a fairly common practice amongst Norwegians, though it is seldom done on impulse. Money is spent mainly on food articles, alcohol, and tobacco, in that order, usually in bulk or large quantities. This is due to considerably ...
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North Sea Oil
North Sea oil is a mixture of hydrocarbons, comprising liquid petroleum and natural gas, produced from petroleum reservoirs beneath the North Sea. In the petroleum industry, the term "North Sea" often includes areas such as the Norwegian Sea and the area known as "West of Shetland", "the Atlantic Frontier" or "the Atlantic Margin" that is not geographically part of the North Sea. Brent crude is still used today as a standard benchmark for pricing oil, although the contract now refers to a blend of oils from fields in the northern North Sea. From the 1960s to 2014 it was reported that 42 billion barrels of oil equivalent (BOE) had been extracted from the North Sea since when production began, and there is still a potential of 24 billion BOE left remaining there, which is equivalent to about 35 years worth of production, the North Sea will remain as an important petroleum reservoir for years to come. History 1851–1963 Commercial extraction of oil on the shores of the North Sea ...
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