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State's Direct Financial Interest
State's Direct Financial Interest (SDFI) (Norwegian: Statens direkte økonomiske engasjement (SDØE)) is a portfolio of the Norwegian government's directly owned exploration and production licenses for petroleum and natural gas on the Norwegian continental shelf. The Norwegian government-owned company Petoro has managed the SDFI portfolio since 2001. History and background The Norwegian government claims ownership of all resources on and under the sea in the geographical area known as the Norwegian continental shelf. The Norwegian government awards production licences to cooperating companies to find and produce petroleum in specific areas. The Norwegian government creates income from the petroleum sector through taxes and fees as well as itself being a participant in the industry. The Norwegian government initially participated in the industry through the creation and development of the state oil company Statoil. From 1973 to 1985 the government awarded Statoil 50% or more o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norwegian (language)
Norwegian ( no, norsk, links=no ) is a North Germanic language spoken mainly in Norway, where it is an official language. Along with Swedish and Danish, Norwegian forms a dialect continuum of more or less mutually intelligible local and regional varieties; some Norwegian and Swedish dialects, in particular, are very close. These Scandinavian languages, together with Faroese and Icelandic as well as some extinct languages, constitute the North Germanic languages. Faroese and Icelandic are not mutually intelligible with Norwegian in their spoken form because continental Scandinavian has diverged from them. While the two Germanic languages with the greatest numbers of speakers, English and German, have close similarities with Norwegian, neither is mutually intelligible with it. Norwegian is a descendant of Old Norse, the common language of the Germanic peoples living in Scandinavia during the Viking Age. Today there are two official forms of ''written'' Norwegian, (literally 'bo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Natural Gas Liquids
Natural-gas condensate, also called natural gas liquids, is a low-density mixture of hydrocarbon liquids that are present as gaseous components in the raw natural gas produced from many natural gas fields. Some gas species within the raw natural gas will condense to a liquid state if the temperature is reduced to below the hydrocarbon dew point temperature at a set pressure. The natural gas condensate is also called condensate, or gas condensate, or sometimes natural gasoline because it contains hydrocarbons within the gasoline boiling range, and is also referred to by the shortened name condy by many workers on gas installations. Raw natural gas may come from any one of three types of gas wells: * Crude oil wells: Raw natural gas that comes from crude oil wells is called ''associated gas''. This gas can exist separate from the crude oil in the underground formation, or be dissolved in the crude oil. Condensate produced from oil wells is often referred to as ''lease condens ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Snøhvit Oil Field
Snøhvit ''( en, Snow White)'' is the name of a natural gas field in the Norwegian Sea, situated northwest of Hammerfest, Norway. The northern part of the Norwegian Sea is often described as the Barents Sea by offshore petroleum companies. ''Snøhvit'' is also the name of a development of ''Snøhvit'' and the two neighbouring natural gas fields ''Albatross'' and ''Askeladden''. Estimated recoverable reserves are 193 billion cubic metres of natural gas, of condensate (light oil), and 5.1 million tonnes of natural gas liquids (NGL). The development comprises 21 wells. The Snøhvit development is operated by Equinor on behalf of six gas companies owning licenses: * Petoro * TotalEnergies * GDF Suez * Equinor * Hess * RWE Dea The fields were discovered in 1984. The development plan was presented by Statoil in 2001. A subsea production system is planned to feed a land-based plant on the island of Melkøya via long submarine gas pipeline with diameter of . The gas from Snøhvit wi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Heidrun Oil Field
upOil from the Heidrun field. The Heidrun oil field is an oil and gas field discovered in 1985 in the Norwegian sector of the Norwegian Sea, named after the goat Heiðrún from Norse mythology. The field lies north of Kristiansund. It has produced oil and gas since October 1995. In 2013, it produced 65,000 bbl of oil per day and 760 million cubic meters of natural gas. The crude oil is characterized as being naphthenic with 25.0 API (0.9043 g/cm3), 0.52% sulfur, and a high TAN (Total Acid Number) of 2.90. The Heidrun field is located on Haltenbanken in the Norwegian Sea at a depth of . The field has been developed with gas and water injection, using a floating concrete tension leg platform, installed over a subsea template with 58 well slots. The northern part of the field is developed with subsea facilities. Geology The Cimmerian structure is a southwest-plunging horst block on the southwest flank of the Nordland ridge formed in the Late Jurassic-Early Cretaceous. Production ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Åsgard Oil Field
In Nordic mythology, Asgard (Old Norse: ''Ásgarðr'' ; "enclosure of the Æsir") is a location associated with the gods. It appears in a multitude of Old Norse sagas and mythological texts. It is described as the fortified home of the Æsir gods, often associated with gold imagery. Many of the best-known Nordic gods are Æsir or live in Asgard such as Odin, Thor, Loki, and Baldr. Etymology The word ''Ásgarðr'' is a compound formed from non, āss ("god") and non, garðr ("enclosure"). Possible anglicisations include: Ásgarthr, Ásgard, Ásegard, Ásgardr, Asgardr, Ásgarth, Asgarth, Esageard, and Ásgardhr. Attestations The Poetic Edda Asgard is named twice in Eddic poetry. The first case is in ''Hymiskviða'', when Thor and Týr journey from Asgard to Hymir's hall to obtain a cauldron large enough to brew beer for a feast for Ægir and the gods. The second instance is in ''Þrymskviða'' when Loki is attempting to convince Thor to dress up as Freyja in order to ge ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ormen Lange (gas Field)
Ormen Lange is a natural gas field on the Norwegian continental shelf. It is situated northwest of Kristiansund, where seabed depths vary between . The field is named after the famous longship '' Ormen Lange'' of Olaf Tryggvason, a 10th-century Viking king of Norway. History Production of gas began with three wells in September 2007. The King and Queen of Norway attended the official opening of this project, delivered on time and inside budget, on 6 October 2007, at the football stadium in Molde. During the opening, King Harald officially opened the terminal which would supply Great Britain with enough natural gas to cover 20% of its total annual needs. The proposal to build the Langeled subsea pipeline, the world’s second longest subsea export pipeline, was approved in February 2003. The pipeline runs across the North Sea from Nyhamna to the Easington Gas Terminal near the mouth of the River Humber on the UK’s East coast. Reserves The reservoir is approximately lon ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Troll Oil Field
Troll is a natural gas and oil field in the Norwegian sector of the North Sea, one of the biggest in the North Sea, holding 40% of Norway’s gas – it also possesses significant quantities of oil, in thin zones under the gas cap, to the west of the field. The field as a whole consists of the main Troll East and Troll West structures in blocks 31/2, 31/3, 31/5 and 31/6,Bolle, L., Troll Field, 1992, in ''Giant Oil and Gas Fields of the Decade, 1978-1988'', AAPG Memoir 54, Halbouty, M.T., editor, Tulsa: American Association of Petroleum Geologists, , pp. 447-458 about west of Kollsnes, near Bergen. Most of the gas lies in Troll East. Operators The field is operated by Equinor, which has a 30.58% interest. The other partners are Petoro (56%), Shell plc (8.1%), ConocoPhillips (1.62%) and TotalEnergies (3.69%). Platforms Gas and oil from the field is extracted via three platforms – Troll A, B and C. The Troll A platform, based on the Condeep technology, is the tallest structu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ton Of Oil Equivalent
The tonne of oil equivalent (toe) is a units of energy, unit of energy defined as the amount of energy released by burning one tonne of crude oil. It is approximately 42 joule, gigajoules or 11.630 Megawatt hour, megawatt-hours, although as different crude oils have different calorific values, the exact value is defined by convention; several slightly different definitions exist. The ''toe'' is sometimes used for large amounts of energy. SI prefix, Multiples of the ''toe'' are used, in particular the megatoe (Mtoe, one million toe) and the gigatoe (Gtoe, one billion toe). A smaller unit of kilogram of oil equivalent (kgoe or koe) is also sometimes used denoting 1/1000 toe. Definitions The International Energy Agency defines one '' tonne of oil equivalent'' (toe) to be equal to: *1 toe = 11.63 megawatt-hours (MWh) *1 toe = 41.868 joule, gigajoules (GJ) *1 toe = 10 gigacalories (Gcal) – *1 toe = 39,683,207.2 British thermal units (BTU) *1 toe = 1.42857143 Tonne of coal equivalent, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Natural Gas
Natural gas (also called fossil gas or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane in addition to various smaller amounts of other higher alkanes. Low levels of trace gases like carbon dioxide, nitrogen, hydrogen sulfide, and helium are also usually present. Natural gas is colorless and odorless, so odorizers such as mercaptan (which smells like sulfur or rotten eggs) are commonly added to natural gas supplies for safety so that leaks can be readily detected. Natural gas is a fossil fuel and non-renewable resource that is formed when layers of organic matter (primarily marine microorganisms) decompose under anaerobic conditions and are subjected to intense heat and pressure underground over millions of years. The energy that the decayed organisms originally obtained from the sun via photosynthesis is stored as chemical energy within the molecules of methane and other hydrocarbons. Natural gas can be burned fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barrel (unit)
A barrel is one of several units of volume applied in various contexts; there are dry barrels, fluid barrels (such as the U.K. beer barrel and U.S. beer barrel), oil barrels, and so forth. For historical reasons the volumes of some barrel units are roughly double the volumes of others; volumes in common use range approximately from . In many connections the term is used almost interchangeably with ''barrel''. Since medieval times the term as a unit of measure has had various meanings throughout Europe, ranging from about 100 litres to about 1,000 litres. The name was derived in medieval times from the French , of unknown origin, but still in use, both in French and as derivations in many other languages such as Italian, Polish, and Spanish. In most countries such usage is obsolescent, increasingly superseded by SI units. As a result, the meaning of corresponding words and related concepts (vat, cask, keg etc.) in other languages often refers to a physical container ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard Cubic Meter
A standard cubic foot (scf) is a unit used both in the natural gas industry to represent an amount of natural gas and in other industries where other gases are used. It is the unit commonly used when following the customary system, a collection of standards set by the National Institute of Standards and Technology. Another unit used for the same purpose is the standard cubic metre (Sm3), customary when using SI units. Definitions A standard cubic foot defines an amount of gas contained in a volume of one cubic foot at standard temperature and pressure. This standard unit of molecular quantity for gases can be used with the ideal gas law to compute the quantity per unit of volume for other pressures and temperatures. In spite of the label "standard", there is a variety of definitions, mainly depending on the type of gas. Since, for a given volume, the quantity is proportional to the pressure and temperature, each definition fixes base values for pressure and temperature. Natural ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crude Oil
Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crude oil and petroleum products that consist of refined crude oil. A fossil fuel, petroleum is formed when large quantities of dead organisms, mostly zooplankton and algae, are buried underneath sedimentary rock and subjected to both prolonged heat and pressure. Petroleum is primarily recovered by oil drilling. Drilling is carried out after studies of structural geology, sedimentary basin analysis, and reservoir characterisation. Recent developments in technologies have also led to exploitation of other Unconventional (oil & gas) reservoir, unconventional reserves such as oil sands and oil shale. Once extracted, oil is refined and separated, most easily by Continuous distillation#Continuous distillation of crude oil, distillation, into innume ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
