05.07.2009
A pejorative term often used to describe the supermajor non-state owned oil and gas companies. Expressions are often used about “being in the pocket of big oil”.
A vehicle with two separate fuel systems designed to run on either fuel, using only one fuel at a time. A vehicle that employs a combustion engine system together with an electric propulsion system.
Dedicated natural gas vehicles are designed to run on natural gas only, while dual-fuel or bi-fuel vehicles can also run on gasoline or diesel. Dual-fuel vehicles allow users to take advantage of the wide-spread availability of gasoline or diesel but use a cleaner, more economical alternative when natural gas is available. Since natural gas is stored in high-pressure fuel tanks, dual-fuel vehicles require two separate fueling systems, which take up passenger/cargo space.
End of month period when cash transactions are carried out for the next month
The ability to pump crude oil in both directions
A meter that can read the flow of electricity in both directions (such as electricity bought from the grid as well as surplus electricity generated and transmitted to the grid)
A competitive process normally held by the licensing authority (government) to promote unlicensed acreage in order to carry out exploration activities. Companies are charged to competitively apply for this acreage by a certain closing date
Entity that submits a bid in a tender