Showing papers on "Brent Crude published in 1995"

Brent blend, U. K. North Sea marker crude, assayed

Abstract: World marker crude Brent blend was assayed in August 1994. The price of this 38[degree]API, 0.04 wt % crude from the U.K. North Sea is used to determine the prices of many other world crudes. Brent's qualities have changed since an assay of the crude was last published in the Journal, at which time the stream recently had been commingled with Ninian blend. API gravity has increased by only 0.5[degree] and sulfur content, by 0.05 wt%, but the crude's pour point has decreased from [minus]12 to [minus]42 C. Some say Brent's future as a world marker crude is in jeopardy, as Bent fields are in decline and BP's lease at the Sullom Voe terminal, in the Shetland Islands north of Scotland, expires in the year 2000. In fact, Shell Exploration and Production has begun a program to redevelop Brent for gas production, although this will recover additional crude as well.