Category: General

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A broker is an agent or facilitator in a deregulated energy market who acts as an intermediary between energy producers and energy consumers, or alternately between any two parties engaged at any point in the distribution chain between producer and consumer. Unlike marketers, brokers never actually own the commodity traded between the parties, or the means of producing or consuming that commodity. Instead they act on behalf of one or both parties in the transaction. In the natural gas sector, a broker has the legal right to supply gas to end consumers, without having ownership of the supplies

The repurchase of outstanding shares by a company in order to reduce the number of shares on the market. Companies will buyback shares either to increase the value of shares still available (reducing supply), or to eliminate any threats by shareholders who may be looking for a controlling stake. Buyback is a method for a company to invest in itself since they can’t own themselves. In 1994 the top five oil companies were spending 3% of their free cash on share buyback and 15% on exploration. By 2007 the ratio had changed to 34% on buyback of their own shares and only 6% on exploration, thus propping up their share price. This trend reflected big oil companies’ difficulties in finding uses for their large cash flows

The UK’s largest producer of electricity. British Energy owns and operates eight nuclear power stations with a combined capacity of almost 9,000 MW and one coal-fired power station of 1,960 MW. The nuclear power stations include two types of nuclear reactors: the advanced gas-cooled reactor (AGR); and one (Sizewell B) pressurized water reactor (PWR). The AGR reactors include Hinkley, Heysham and others. In September 2008 British Energy was bought over by the French corporation EDF for 12.5 billion pounds sterling

The pipeline consists of three main parts. The route comprises a 222 mile section in Russia from Izobilnoye to Dzhugba on the Black Sea Coast (the Russian onshore section) a 235 mile section on the bottom of the Black Sea connecting Dzhugba to Samsun on the Turkish coast (submarine section) and a further 300 mile link from Samsun to Ankara (Turkish onshore section). The pipelines consist of a pair of 24 inch OD steel lines with a wall thickness of 31.8 mm. The shallow water sections in waters of up to 380 m were installed by the Castoro Otto. The deep water sections of up to 2,150m were installed using the J-lay method by the crane vessel Saipem. In October 2002, construction on the pipeline was completed and natural gas supplies through the Blue Stream began in February 2003. The flow of natural gas will gradually reach 16 billion m³ in accordance with Natural Gas Purchase Sale Agreement.

Methane or fuel made from animals’ excrement

Expression for Israeli produced goods