Search results
Results From The WOW.Com Content Network
In May 1963, Norway declared that any oil found off its coast would belong to Norway. In March 1965, the boundaries of oil exploration were divided along the median line across the North Sea. In April 1965 Norway opened the first round of exploration drilling licences, with 22 in 78 areas. [citation needed] Esso received three exploration ...
This was the largest decrease of any oil-exporting nation in the world, and has led to Britain becoming a net importer of crude for the first time in decades, as recognized by the energy policy of the United Kingdom. Norwegian crude oil production as of 2013 is 1.4 mbpd. This is a more than 50% decline since the peak in 2001 of 3.2 mbpd.
This was the first discovery of oil after the drilling of over 200 exploration wells in the North Sea "triggered" by the Groningen gas field discovery. [2] In 1971, Phillips started producing directly to tankers from four subsea wells. [3] Oil production is planned to continue until 2048; [4] concessions given, yet expected to continue beyond ...
A Short History of Norway (George Allen and Unwin, 1968) Eitrheim, Øyvind, Jan Tore Klovland, and Lars Fredrik Øksendal. A monetary history of Norway, 1816–2016 (Cambridge University Press, 2016). Evju, Håkon. Ancient constitutions and modern monarchy: historical writing and enlightened reform in Denmark-Norway 1730–1814 (Brill, 2019 ...
According to a report from Norsk Petroleum, oil and petroleum is Norway's most crucial commodity export. [11] In 2020, 40% of Norway's exports stemmed from the petroleum sector. [11] This had an export value of 333 billion NOK. [11] 2% of the world's oil consumption is produced by Norway making it the 15th largest oil producer in the world in ...
Oil field in California, 1938. The modern history of petroleum began in the nineteenth century with the refining of paraffin from crude oil. The Scottish chemist James Young in 1847 noticed a natural petroleum seepage in the Riddings colliery at Alfreton, Derbyshire from which he distilled a light thin oil suitable for use as lamp oil, at the same time obtaining a thicker oil suitable for ...
Norwegian energy giant Equinor is halving investment in renewable energy over the next two years while increasing oil and gas production. Chief executive Anders Opedal said that the transition to ...
January 30: Norway's Statoil announces that a newly formed consortium of 11 oil companies will develop a plan to supply Norwegian natural gas to the European continent. Three Norwegian companies recently signed a contract with Gaz de France to bring 1.4 trillion cubic feet (40 km 3) of Norwegian gas to France between 2001 and 2027. (DJ)