Category: Oil and Gas business

A contract between a gas producer and a pipeline company which requires the pipeline company to pay for a set amount of gas whether or not the buyer takes delivery of the full amount

Trinidad is now the sixth largest exporter of liquefied natural gas (LNG) in the world, and the single largest supplier to the US, accounting for more than two-thirds of its LNG imports

Oftentimes a pipeline transmitting gas from a producing state to a consumer state passes via a third country, known as the transit state. These states levy a transit fee on the rights of way on their land, which can be both financially onerous and provide political clout to the transit state

Any kind of pipe. Oilfield tubular goods include tubing, casing, drill pipe, drill collars and line pipe.

The field is situated off Brazil’s south eastern Atlantic coast. Petrobras holds a 65% stake in Block BM-S-11 where Tupi was discovered and is the operator. BG has a 25% stake, and Portugal’s Galp Energia holds 10%. BG Group estimates total hydrocarbons in place on the Tupi discovery to be 12-30 billion boe or more, with the field to be delivering one million barrels per day by 2013-2015. This oil discovery could raise Brazil into the ranks of the world’s major oil exporters

The operation of hoisting the drill stem from and returning it to the wellbore. To insert or remove the drill stem into or out of the hole

An area in which water is too shallow for acquisition of offshore seismic data with towed streamers, such as near the shoreline

Sorry, this entry is only available in עברית.

Gas that enters the wellbore when the mud pump is shut down and pipe is being pulled from the wellbore.  The gas may enter because of the reduction in bottomhole pressure when the pump is shut down, because of swabbing, or because of both.