Category: General

Which allows its delivery in liquid phase by means of tankers or pipelines to the company’s plants, where the cylinders are filled for delivery to customers

The lower heating value of a fuel is defined as the amount of heat released by combusting a specified quantity (initially at 25 °C or another reference state) and returning the temperature of the combustion products to 150 °C

Device to measure pressure, pressure being defined as the force exerted on an area. (See link) Now the top of the tube on the left has been closed. We imagine that there is a sample of gas in the closed end of the tube. The right side of the tube remains open to the atmosphere. The point A, then, is at atmospheric pressure. The point C is at the pressure of the gas in the closed end of the tube. >The point B has a pressure greater than atmospheric pressure due to the weight of the column of liquid of height h. The point C is at the same height as B, so it has the same pressure as B. And we have already seen that this is equal to the pressure of the gas in the closed end of the tube. Thus, in this case the pressure of the gas that is trapped in the closed end of the tube is greater than atmospheric pressure by the amount of pressure exerted by the column of liquid of height h. >

Period during which power plants, pipelines, LNG facilities are shut down to carry out, either planned or ad hoc, maintenance work. All power plants, and other energy related infrastructure such as pipelines need to shut down for certain periods of maintenance so that even a coal station that works all year as base load would probably operate no more than approximately 7,000 hours a year. In a GSA agreement, natural gas sellers will usually will have the right to nominate up to [x] days in any year for the purposes of planned maintenance (Maintenance Days). During Maintenance Days, the Sellers will have no obligation to supply natural gas to the buyers. Sellers will give [x] days notice of their intention to exercise this right. The Sellers will use reasonable endeavours to co-ordinate their periods of maintenance with the Buyer

Lost Time Injury Frequency, expressed as injury frequency per million hours worked.

Lost Time Injuries is any work related injury or illness that prevents an employee to carry out a work day after the said incident. Exploring, developing and producing hydrocarbons is an intrinsically hazardous activity. LTIs are an important element of an oil and gas exploration company’s reporting and are part of its HSSE policy and safety performance. They become part of Lost Time Injury Frequency, which is the number of LTIs recorded for a group of workers, per million hours worked by that group. The ultimate goal is to attain Zero Loss Time Injuries

In the energy sector this is the buying of energy stock with the expectation that the asset will increase in value. A speculative long position regarding natural gas prices, is a bet gas prices will increase

The correlation of rock units and study of Earth’s history using magnetic events and magnetic epochs as a time reference