norwegian oil companies

They do not carry oil directly from the offshore fields, but from onshore terminals, which are supplied either by shuttle tankers or by pipeline from the oil fields.

On some fields, gas is reinjected into the reservoirs. The government also introduced the principle that 50% of each oil licence should be state-owned.

Our dedicated and solutions oriented staff make sure your requirements are met - according to your needs. This makes oil and gas the most important export commodities in the Norwegian economy. As a parliamentary decision in 2001 said it was a goal that the government should own 67% of Statoil, it was announced that the Norwegian government intended to increase its share. Photo: Harald Pettersen, Equinor (Statoil) Of course, it is impossible to say exactly how much is yet to be discovered, but our analyses indicate that it can be 25 per cent of the total. We use Achilles’ professional categorisation system to make it easier for you to find your future business partner or supplier. It is transported on dedicated LNG carriers.The advantage of LNG is that transport does not require pipelines, and it can therefore be sold anywhere in the world. Pipelines are used to transport oil from the Norwegian shelf to four onshore terminals: Sture, Mongstad and Kårstø in Norway, and Teesside in the UK.The value of Norwegian gas exports in 2019, were significantly lower than the value of Norwegian oil exports (including LNG and condensate). Shuttle tankers are usually used for relatively short transport distances, and most Norwegian oil is therefore delivered to destinations in north-western Europe.Larger tankers are used to carry oil that is to be transported further, for example from Norway to Mediterranean countries, Asia or America. In addition there are heavier condensates which some classify as a separate product. This results in efficient recovery of the oil, and the gas is stored for possible recovery in the future.In addition to the export value of crude oil, natural gas, natural gas liquids (NGL) and condensate, the Norwegian service and supply industry has a high international turnover. Quality Lab is a private, independent laboratory that achieved accreditation according to NS-EN ISO/IEC 17025 in March 2010. Norwegian gas provides between 20 and 25 % of the EU's gas demand and makes an important contribution to energy security in Europe.Natural gas meets about 24 % of total world energy demand, and thus, like oil, plays a very important part in meeting global energy needs. In 1972, Statoil, the Norwegian state-owned oil company, was established. Norway is an important supplier of oil and gas to the global market, and almost all oil and gas produced on the Norwegian shelf is exported. This responsibility is set out in governmental instructions to Equinor.Oil is a global commodity that is sold and delivered to most parts of the world. Search for companies or supplier of products using Offshore Norway’s search engine. Economic growth, the prices of alternative energy sources, weather, temperature, climate change adaptation and mitigation measures are all factors that influence gas demand.Using gas instead of coal for power generation can yield considerable reductions in greenhouse gas emissions. This is mainly due to lower oil and gas...This site is run in cooperation by the Ministry of Petroleum and Energy and the Norwegian Petroleum Directorate. Section 15 of the Resource Management Regulations.“The resource diagram shows that we have produced 48 per cent of the recoverable resources on the shelf. In 2019, Norway exported about 66 million Sm³ (1,1 million barrels per day) of crude oil directly to other countries in Europe, and 12,5 million Sm³ (0,2 million barrels per day) was delivered to onshore facilities in Norway. Norway is the third largest exporter og natural gas in the world, behind Russia and Qatar only. The Oslo Stock Exchange (Norwegian: Oslo Børs) serves as the main market for trading in the shares of Norwegian companies.It opens at 9:00am and closes 4:30pm local time ().In addition to a wide range of domestic companies, the OSE attracts a lot of international companies within petroleum, shipping and other related areas..

From 1 January 1985, this system was reorganised. The growth is expected to continue the coming years.Norwegian gas exports maintained on a stable high level in 2019, and Norway exported about 114 billion SmIn much of Europe, gas is an important source of energy for heating homes and industrial buildings, gas is used for cooking, as feedstock in industrial processes and is used in gas-fired power plants to generate electricity.