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Metric regions commonly use the tonne of oil equivalent (toe), or more often million toe (Mtoe). Since this is a measurement of mass, any conversion to barrels of oil equivalent depends on the density of the oil in question, as well as the energy content. Typically 1 tonne of oil has a volume of 1.08 to 1.19 cubic metres (6.8 to 7.5 bbl).
Operated by Shell, with JV partners Chevron (37.5%) and BP (27.5%), the spar acts as a hub for and enables development of three fields Great White, Tobago, and Silvertip. The oil and gas fields beneath the platform lie in a geological formation holding resources estimated at 3–15 billion barrels of oil equivalent according to a report by the BSEE, formerly known as the MMS.
MMboe – million barrels of oil equivalent; MMboed – million barrels of oil equivalent per day; MMbpd – million barrels per day; MMcf – million cubic feet (of natural gas) MMcfe – million cubic feet (of natural gas equivalent) MMcfge – million cubic feet (of natural gas equivalent) MMS – Minerals Management Service (United States)
37.5° 0.32% United Kingdom: Triton FPSO Troll Blend 35.8° 0.21% Statoil: Norway: Mongstad terminal: Turkmen Blend 33.0° 0.15-0.29% Turkmenistan: Aladzha, Okarem: Ukpokiti 41.7° 0.08% Conoco Phillips Nigeria: Trinity Spirit FPSO Umm Shaif 36.5° 1.39% ADNOC Offshore Abu Dhabi: Das Island: Upper Zakum 32.9° 1.78% ADNOC Offshore Abu Dhabi ...
Several owners of high performance model cars have adopted its use due to its high heat tolerance and its resistance to shearing. Rotella T6 is a Non Energy Conserving Oil, and does not meet GF-5 Oil specifications. When Rotella T6 was revised for the API specification (for use in spark ignition engines), its zinc levels were effectively reduced.
In December 2020, Shell forecast another write-down of $3.5–4.5 billion for the fourth quarter due to lower oil prices, following $16.8 billion of impairment in the second quarter. [ 70 ] In February 2021, Shell announced a loss of $21.7 billion in 2020 due to the COVID-19 pandemic, [ 71 ] despite reducing its operating expenses by 12%, or $4 ...
[5] Prior to its acquisition by Shell, BG Group had operations in 25 countries across six continents and produced around 680,000 barrels of oil equivalent per day. [6] [7] It had a major liquefied natural gas (LNG) business and was the largest supplier of LNG to the United States. [8]
The oil fails the test at a particular temperature if the oil is too viscous. The grade of the oil is that associated with the coldest temperature at which the oil passes the test. For example, if an oil passes at the specified temperatures for 10W and 5W, but fails at the 0W temperature, the oil is grade 5W. It cannot be labeled 0W or 10W.
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