05.07.2009
Represents the volume of crude oil reported by petroleum refineries as being lost in their operations. These losses are due to spills, contamination, fires, etc., as opposed to refining processing losses.
Converting gas volumes to the oil equivalent is customarily done on the basis of the heating content or calorific value of the fuel. There are a number of methodologies in common use. Before aggregating, the gas volumes first must be converted to the same temperature and pressure. Common industry gas conversion factors usually range between 1.0 barrel of oil equivalent (boe) = 5.6 thousand standard cubic feet of gas (mscf), which is rounded up so that 1.0 boe = 6.0 mscf.
The fixed set of pulleys located at the top of the derrick or mast, over which the drilling line is threaded. The companion blocks to these pulleys are the traveling blocks. By using two sets of blocks in this fashion, great mechanical advantage is gained, enabling the use of relatively small drilling line (0.75 to 1.5 in diameter steel cable) to hoist loads many times heavier than the cable could support as a single strand
In Israel there are two credit rating companies: Standard & Poor’s Maalot and Midroog >
Borrowers are rated by lenders according to the borrower’s credit-worthiness or risk profile. Credit ratings are expressed as letter grades such as A-, B, or C+. The rating determined by a rating agency indicates the agency’s opinion of the likelihood that a borrower such as a corporation or sovereign nation will be able to repay its debt
located on the Chesapeake Bay in Cove Point, Maryland, south of Baltimore. It is one of the nation’s largest liquefied natural gas (LNG) import facilities. Dominion acquired Cove Point from Williams on Sept. 5, 2002, and began receiving ships in the summer of 2003
Cost of a barrel from production to the gate of the refinery: production ($2-4); transmission to port ($1-2); storage at home port ($1); transportation at sea, insurance, etc. ($2-4); port expenses ($1-2) storage at destination ($1-1.5); transmission to the refinery ($0.5) = total costs of $8.5-15
Considerable attention has been directed throughout the world to assessing the economic consequences to electric energy customers of failures in electricity supply. The primary thrust in these studies has been to obtain a quantitative appreciation of the worth of electric energy supply in order to create a balance between reliability cost and reliability worth. The cost of an interruption from the customer’s perspective is related to the nature of the degree to which the activities interrupted are dependent on electricity. In turn, this dependency is a function of both customer and interruption characteristics. The impact of an outage is also partially dependent on the attitude and preparedness of customers, which in turn are related to existing reliability levels. Issues that can be important include how widespread is the interruption, its cause, and its predictability
Most O&G companies nowadays all adopt principles of CR, which is a widely used term open to many interpretations. In principle, the term describes a company’s core approach to doing business with the stated aim to adhere to the highest standards of business conduct, world-class treatment of staff and contractors, good relationships with communities and host countries and exemplary environmental performance.
Operator’s Extra Expense (Control of Well) Insurance covers expenses energy and energy-related businesses incur when regaining control of an offshore or onshore well “blowout”, including redrilling expenses and seepage, pollution emanating from the blowout