03.06.2010

The costs of maintaining and operating property and equipment on a producing oil and gas lease.

The costs incurred to extract the oil and gas from beneath the earth’s surface to a central gathering or shipping point

It includes the cost of operating and maintaining producing leases. It also includes the cost of labor for operating and maintaining the equipment on the lease,repairs and supplies, utilities, automobile and truck expenses, taxes, insurance, and overhead expenses such as bookkeeping, billing costs, and correspondence. Operating expenses of oil and gas leases will include direct and indirect expenses and depreciation. Operating costs on secondary and tertiary recovery projects are somewhat higher because of the added expense of injecting water, gas, etc., into the producing formation. The cost of the specialized equipment needed, such as pumps,tanks,boilers, high pressure wellhead equipment, etc., must be capitalized and recovered through depreciation. The cost of operating the equipment is LOE.

02.06.2010

Tubing head pressure when the well is shut in

There are three big names in Israel independent power production (IPP) market: OPC Rotem Ltd., owned by Israel Corp and Veolia Environment subsidiary Dalkia Israel Ltd., which established a 420-MW plant at Mishor Rotem (became operational in 2013), and whose capacity may be doubled; Dalia Power owned by Hiram Epsilon Ltd., Israel Infrastructures Fund (IFF) and Energy Economy Ltd, which is due to become operational at Zafit in 2015 and the 840-MW Dorad plant, owned by EAPC/Katza, Turkish conglomerate Zorlu Industrial and Energy Holding AS (the project contractor), Adeltech Ltd. unit Adelcom Ltd., and Uri Dori Engineering which came on line in 2014.

A few days before the financial closing, Ellomay Capital, controlled by former Bank Hapoalim chairman Shlomo Nehama, signed an agreement to acquire 40% of Dori subsidiary Dori Energy Infrastructures Ltd. for NIS 50 million. Ellomay also paid Dori Energy’s NIS 200 million in shareholders’ equity and guarantees for Dorad’s power plant project.

Jan 9th and 10th 2012 – Tamar signed GSA with Dalia Power to sell 1.38 bcm of gas for up to 17 years for a total of $5 billion followed by a GSA with Ramat Negev and Ashdod Energy units of Israel’s Edeltech Group (58%) and Turkey’s Zorlu Enerji Elektrik Uretim A.S. (42 per cent) for a total to these two entities of 0.33 bcm a year.

30.05.2010

Creating a nuclear reaction is not simple. In power plants, it involves splitting uranium atoms, and that process releases energy as heat and neutrons that go on to cause other atoms to split. This splitting process is called nuclear fission. In a power plant, sustaining the process of splitting atoms requires the involvement of many scientists and technicians. However, in the 1970’s, French physicists declared that nature had been able to create the world’s first nuclear reactors two billion years previoulsy. A natural nuclear fission reactor is a uranium deposit where analysis of isotope ratios has shown that self-sustaining nuclear chain reactions have occurred. The existence of this phenomenon was discovered in 1972 by French physicist Francis Perrin. The conditions under which a natural nuclear reactor could exist were predicted in 1956 by P. Kuroda

Emanuelle Energy is a private company owned by ILD that belongs to Nimrodi (80%) and IDB-DT a company jointly and equally owned by Mr. Zahi Sultan and IDB Development who are the owners of control in Noya oil and gas exploration ltd. the owner of control in the general partner of Modiin

23.05.2010

Such as a platform to control beach arrival pressure from a deep natural gas field

According to the budget department within the MNI, as of May 2010, the general value of taxes levied in Israel on oil and gas activities (including income tax on individuals, corporate tax, VAT and royalties) is about 40%, as was determined by a research carried out by the Knesset and was just published. This represents and income to the Treasury of about $16 billion from natural gas reserves of about $40 billion. The research that was carried out shows that in most countries the level of taxation is higher than this 40%, with the UK having a 40% rate on the low end and Qatar a 94% on the high end. Norway has a tax revenue of 85% on oil and gas exploration.

In 2009, the state took in $150 million in royalties from the Yam Tethys project.

Excise taxes on natural gas are based on a ton of gas (one ton of natural gas is about equal to 52 mmbtu). Taxes are levied on local natural gas as well as on imported gas and is 15.82 shekels a ton

According to the budget department within the MNI, as of May 2010, the general value of taxes levied in Israel on oil and gas activities (including income tax on individuals, corporate tax, VAT and royalties) is about 40%, as was determined by a research carried out by the Knesset and was just published. This represents and income to the Treasury of about $16 billion from natural gas reserves of about $40 billion. The research that was carried out shows that in most countries the level of taxation is higher than this 40%, with the UK having a 40% rate on the low end and Qatar a 94% on the high end. Norway has a tax revenue of 85% on oil and gas exploration.

21.05.2010

Pipeline End Manifold (PLEM) is one of a number of subsea equipment utilized in deepwater field development. PLEM is the item of subsea equipment which connects flowline and subsea facilities, i.e. subsea manifold and/or subsea tree.

The PLEM is the end connection to the fixed subsea pipeline transporting the product to / from the shore terminal. The PLEM connects the pipeline and the risers. It is fitted with valves which can be remotely operated.