Author: bomuo

This happens when for instance with LNG which is increasingly seen as a flexible, readily available, competitively-priced option for countries struggling to meet future energy demand, which leads to more new import infrastructure being built, while capacity in producer countries is not keeping pace, thus creating a future squeeze on an already tight market. A tight market in the energy field is defined as one where there is very little spare capacity between petroleum producing countries and global consumption

A statistical technique which recognizes that in any exploration province after an initial period in which the largest fields are found, success rates and average field sizes decline as more exploration wells are drilled and knowledge of the area matures

A large barge, capable of lifting heavy equipment onto offshore platforms