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Last Updated: August 29, 2018
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The Norwegian oil sector is set for a promising three to four years but major discoveries must be made to prolong activity after that, the head of the agency overseeing the country’s oil and gas resources told Reuters.

Norway’s leading industry has been on the mend for the past two years after a 2014-2016 downturn during which oil companies slashed investments, projects and jobs.

“We are still in the upturn phase (of the cycle). We have many field developments ongoing. We believe the next three-four years are looking very promising,” Bente Nyland said in an interview on the margins of an energy conference.

“For the rest of the year and the next, we expect between five and 10 new development plans (to be submitted to authorities),” she said, adding that some 40-45 wells would likely be drilled in 2018 compared with around 30 last year.

“Then we will begin to eat into what possibilities we have left. We need to sow more. We hope for a big find that can continue activity,” she added.

Norway’s Equinor submitted on Monday the development plan for the second phase of its Johan Sverdrup asset, which could be the last of the giant North Sea oilfields.

“It is clear that there aren’t a lot of big developments after that, and that is worrying,” Nyland said.

If no big finds are made, Norway must work on making the smaller finds profitable. “We have some 70 finds we think we can develop. Exploration activity has increased so we hope discoveries can be made in the coming years,” she said.

Meanwhile, oil firms are conscious of not letting costs inflate at the rate they did between 2011 and 2013, which helped precipitate the oil-sector downturn of 2014-2016.

“Our impression so far is that the companies are focused and conscious of costs,” she said.

Norway’s 2018 oil production is so far coming below the Norwegian Petroleum Directorate’s forecasts due to a couple of unplanned offshore shutdowns, though Nyland cautioned the situation may turn before the end of the year.

“Gas production is maintaining itself (against our forecast). Oil production looks somewhat lower (than expected) but the year is not over,” she said.

“For 2019, the early prognosis we put in the (Norwegian) national budget shows an upswing in petroleum production, mostly due to gas, which represents nearly half of output,” she said.

Oil production should increase somewhat due to developments coming online. “Still, it won’t be a massive rise, it is an uptick,” Nyland added. 

Norway oil and gas energy Norwegian oil sector oil production gas production petroleum
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Must have features of a chat service agent.

Communication is an art. Period”



It is true when we say that connecting with people is not everyone’s cup of tea. The first step is listening and then responding accordingly. 



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October, 04 2022
Propane Bullet Tank: What Is It?


A Propane Bullet Tank, also known as LPG Above Ground Tanks, is used for storing liquid natural gas. The tanks have components that best fit your company's needs and are available in various sizes.


The size of a propane bullet tank can be anything from 6,000 and 30,000 gallons, with an 18,000 tank generally the most popular. Tank fill levels should not exceed 70–80% for liquid natural gas to expand inside the vessel.


For holding trucks to reach the site and collect liquids, a tank's average pressure should be approximately 250 psi. This will keep liquid natural gas contained and under low pressure.

What & Where Is Propane Bullet Tank Used?


You're undoubtedly wondering, "Where should I utilize or keep them?" A propane bullet tank is linked to the cold separator drain on a Joule Thomson System (JTS) or mechanical refrigeration devices for the collection and short-term storage of the recovered natural gas liquids.


These tanks are also utilized in refineries and other end-use facilities for the bulk storage of goods that can be sold, such as propane or butane.


LPG is kept in propane bullet tanks because the liquid gas needs to be kept under intense pressure to remain fluid. Bullet tanks effectively do this because of their evenly dispersed, consistent pressure. Since there are no edges, there is also no possibility of a variable pressure region.



What Can a Propane Bullet Tank Do?

  1. A channel called a bulkhead stanchion prevents unintentional vehicle pull-away.

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LPG gas is frequently kept and stored in these tanks. These LPG Above Ground Tanks serve a variety of industrial utilities quite effectively. Only top-notch raw materials and cutting-edge technologies are used when making this tank.



October, 03 2022
Where To Buy Nitrogen Gas?

Nitrogen in liquid form is a colorless, odorless, nonflammable, inert cryogenic liquid. It has a boiling point of less than -130 °F (-196 °C). Although this product is freezing, Nitrogen is widely used in chemical analysis during sample preparation. It is employed in the concentration and condensing of liquid sample volumes. It is used in the production of explosives, nylon, nitric acid, fertilizers, and color-safe operation precautions must be taken when handling or using it in Dubai.

Buy Liquid Nitrogen Cylinder in the UAE from GasNtools and improve the display of your frozen items!

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You must be wondering where to buy nitrogen gas. GasNtools is one of the best liquid nitrogen suppliers that can meet your needs for nitrogen gas no matter what they are. They provide nitrogen to:

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Food Industry

It has spread throughout the industry and is now widely used in restaurants to quickly freeze liquids to ice creams and desserts for live food displays. Because liquid nitrogen has a temperature of -196 °C, the liquid ice cream mixture can be quickly cooled and frozen. Any remaining nitrogen escapes as a gas. Another advantage of freezing is that it reduces dehydration losses, which can reach crucial economic tiers with these items under ambient air. The cost of liquid nitrogen in Dubai is completely inexpensive. As a result, many customers approach GasNtools to obtain this nitrogen gas quickly and affordably.


Warnings

Although liquid nitrogen is safe in food and beverages, it should not be consumed immediately. Before providing it to the customer, it must have vanished entirely from the food or drink. Because it can be highly hazardous or devastating if not handled properly, this product is only maintained by trained chefs.

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