🌐 Entity
North Sea oil
Hydrocarbons from the North Sea
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📌 Topics
- Energy Policy (1)
- Environmental Debate (1)
🏷️ Keywords
North Sea oil (1) · drilling (1) · energy security (1) · climate change (1) · economic impact (1) · environmental policy (1) · fossil fuels (1) · energy transition (1)
📖 Key Information
North Sea oil is a mixture of hydrocarbons, comprising liquid petroleum and natural gas, produced from petroleum reservoirs beneath the North Sea.
In the petroleum 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.
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