Natural gas and oil are kindling substances which are used by industrial and private consumers. There are alternatives to natural gas and oil such as diesel, gasoil, hydroelectric energy, solar energy, biofuels and others. Each substance has its particular advantages and disadvantages and price volatility
President Bush started talking about America’s addiction to oil. Question relates to how long it will take the developed world, mainly the US, to get off (reduce its dependence) on fossil fuels with the belief that a lot can and must already be done to reduce such dependence. Three-time Pulitzer prize winner Thomas Friedman and one of the US’ most read political commentators talks extensively about the issue as well as about petropolitics
The process by which several smaller gas customers are grouped together under a supplier to meet the minimum consumption requirement
When oil and gas migrate into porous formations, the quantity collected is called an accumulation. An individual body of moveable petroleum. A region where hydrocarbons usually occur. Quantity of hydrocarbons (oil and natural gas) found in the reservoir rock in an oil or gas field.
The amount of gas a buyer physically takes delivery of during a Contract Year under a long term supply contract. May be measured in same units as ACQ, or expressed as a percentage of ACQ.
Petroleum quantities classified as Reserves, Contingent Resources or Prospective Resources should not be aggregated with each other without due consideration of the significant differences in the criteria associated with their classification. In particular, there may be a significant risk that accumulations containing Contingent Resources or Prospective Resources will not achieve commercial production
Gas that forms an acid when mixed with water. In petroleum production and processing, the most common acid gases are hydrogen sulfide and carbon dioxide. They both cause corrosion, and hydrogen sulfide is very poisonous
Advantica is a global engineering consultancy, service and solution provider, supporting clients in the gas, oil, water and electric industries. Advantica is the leading provider of technical consultancy to the International oil and gas sectors and provide specialist seminars/ training across a range of safety, integrity and operational issues for the industry. Advantica can also support the identification of training needs within an organization and develop bespoke training solutions as appropriate including devising competency assessment schemes for a wide variety of Pipeline Engineering and Gas Solutions. Advantica has specialist laboratories and training facilities at its Loughborough Office based in the UK. Advantica won the MNI’s tender at the beginning of 2009 to re-write the natural gas masterplan up to 2020.
An independent corporation that buys natural gas from many producers, re-sells it to buyers, and obtains the necessary pipeline transportation capacity and removal/export permits and licenses. Aggregators usually sell to buyers that individually require large amounts of natural gas, such as local distribution companies and large industrial customers. (2) Any entity, such as a marketer, broker, public agency city, county or special district that combines the loads of multiple end use customers in negotiating the purchase of electricity, the transmission of electricity and other related services to these customers
