Subscribe free to our newsletters via your
. Solar Energy News .




OIL AND GAS
Final leg of new European gas line completed
by Daniel J. Graeber
Stavanger, Norway (UPI) Sep 29, 2015


disclaimer: image is for illustration purposes only

Norwegian energy company Statoil said the last stretch of a 300-mile natural gas pipeline crossing the Arctic Circle has been completed.

The final piece of the 36-inch diameter Polarled gas pipeline was placed more than 4,000 feet below the surface of the Norwegian Sea in the Aasta Hansteen field.

"With this pipeline, we open up for the export of gas to Europe from a completely new area, and with the infrastructure in place it will also be more attractive to explore the area," Statoil project planner Torger Rod said in a statement.

Aasta Hansteen is estimated to hold between 175 billion and 300 billion cubic feet of recoverable natural gas, making it one of the largest fields in the region. Once it starts, an onshore processing terminal will be ready to receive natural gas through Polarled by 2017. The pipeline has the capacity to carry 2.4 billion cubic feet of natural gas per day.

Norway is a main oil and natural gas supplier to the European economy. The Norwegian central bank, Norges Bank, said growth in the Norwegian economy is expected to remain low because of weak crude oil prices and a stagnant European economy.

Statoil said Polarled was built 32 percent under budget for an investment level of around $875 million.

"Based on this, we were able to achieve favorable conditions in the market with regard to capacity and price," Rod said.

The Polarled natural gas pipeline is the first to cross the Arctic Circle on the Norwegian continental shelf.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





OIL AND GAS
Shell scraps controversial oil exploration in Alaska
London (AFP) Sept 28, 2015
Anglo-Dutch energy giant Royal Dutch Shell said Monday it had scrapped its controversial offshore exploration in Alaska after failing to find sufficient quantities of oil and gas. Shell announced that its Burger J well in the Chukchi Sea, off the northwest coast of Alaska, did not warrant further exploration, adding it would now stop its activities in Alaskan waters. The energy major beg ... read more


OIL AND GAS
Protein conjugation method offers new possibilities for biomaterials

Discovery of the redox-switch of a key enzyme involved in n-butanol biosynthesis

Building a biofuel-boosting Swiss Army knife

Report on bioenergy and sustainability to be launched at World Bank

OIL AND GAS
Aussie woman sends 'robot' to queue for new iPhone

How social cues influence human-robot interaction

Marines experiment with robot capabilities

Marines send robotic dog into simulated combat

OIL AND GAS
North Carolina may be next offshore wind frontier

Sure as the wind blows

Adwen reaches a 630 MW capacity in operations

As wind-turbine farms expand, research shows they lose efficiency

OIL AND GAS
Germany launches criminal probe against VW's ex-CEO

Tesla boss Musk calls for 'random emission' testing

Germany orders VW to set timetable on meeting pollution standards

EU tightening auto emission tests to prevent cheating: sources

OIL AND GAS
Designing switchable electric and magnetic order for low-energy computing

Notre Dame to do away with coal

Rat race over Scandinavia's household waste

Study: Efficient new catalyst may pave way for hydrogen economy

OIL AND GAS
Turkey's First Nuclear Plant Likely to Go Operational by 2022

British Treasury guarantee to put Hinkley nuclear plant back on track

Russia, Indonesia Sign Memorandum on Building High-Power, Floating NPPs

Britain pledges 2 billion pounds for nuclear plant

OIL AND GAS
Brazil's Rousseff pledges 37% cut in greenhouse gas emissions

US cities ranked on impact of urban heat islands on temps

Dutch refuse to drop appeal in greenhouse gas case

Fossil fuel divestment movement reaches $2.6 trillion

OIL AND GAS
Global warming: are trees going on strike?

Selectively logged Amazon forests play important role in climate

World has lost 3 percent of its forests since 1990

Protected areas save mangroves, reduce carbon emissions




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.