North Sea Oil

North Sea oil is a mixture of hydrocarbons, comprising liquid oil and natural gas, produced from oil reservoirs beneath the North Sea.

In the oil 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.

Read more about North Sea OilLicensing, Reserves and Production, Carbon Dioxide Sequestration

Other articles related to "north sea oil, north sea, oil, sea, north":

Energy In Norway - Fossil Fuels - North Sea Oil
... In May 1963, Norway asserted sovereign rights over natural resources in its sector of the North Sea ... was fruitless, until Ocean Viking found oil on August 21, 1969 ... By the end of 1969, it was clear that there were large oil and gas reserves in the North Sea ...
Crete - Physical Geography
... Crete is the largest island in Greece and the second largest in the eastern Mediterranean Sea (after Cyprus) ... It is located in the southern part of the Aegean Sea separating the Aegean from the Libyan Sea ...
Amber Road
... the road led from Europe to Asia and back, and from northern Africa to the Baltic Sea ... An important raw material, amber was transported from the North Sea and Baltic Sea coasts overland by way of the Vistula and Dnieper rivers to Italy ... (modern Czech Republic and Slovakia) to the head of the Adriatic Sea (modern Gulf of Venice) ...
Economy Of Scotland - Agriculture and Forestry - Oil and Gas
... waters consisting of a large sector of the North Atlantic and the North Sea, containing the largest oil resources in the European Union - Scotland is the EU's largest petroleum producer, with the ... Oil was discovered in the North Sea in 1966, with the first year of full production taking place in 1976 ... With the growth of oil exploration during that time, as well as the ancillary industries needed to support it, the city of Aberdeen became centre of the ...
North Sea Oil - Carbon Dioxide Sequestration
... In the North Sea, Norway's Statoil natural-gas platform Sleipner strips carbon dioxide out of the natural gas with amine solvents and disposes of this carbon dioxide by geological sequestration ("Carbon ...

Famous quotes containing the words oil, north and/or sea:

    Friendship and money: oil and water.
    Mario Puzo, U.S. author, screenwriter, and Francis Ford Coppola, U.S. director, screenwriter. Michael Corleone (Al Pacino)

    The Anglo-Saxon hive have extirpated Paganism from the greater part of the North American continent; but with it they have likewise extirpated the greater portion of the Red race. Civilization is gradually sweeping from the earth the lingering vestiges of Paganism, and at the same time the shrinking forms of its unhappy worshippers.
    Herman Melville (1819–1891)

    If I were as I once was, the strong hoofs crushing the sand and the shells,
    Coming out of the sea as the dawn comes, a chaunt of love on my lips,
    Not coughing, my head on my knees, and praying, and wroth with the bells,
    I would leave no saint’s head on his body from Rachlin to Bera of ships.
    William Butler Yeats (1865–1939)