14.07.2010

This is especially important since in terms of total energy efficiency measured directly from the source, natural gas is often much more efficient than electricity. Indeed, natural gas is extremely efficient, losing very little of its energy value as it reaches its point of end use. Electricity, on the other hand, measured from the point of generation to the wall socket, is much less efficient. In fact, only about 27 percent of the energy put into generating electricity is available by the time it reaches your home. Thus, while an electric appliance may be extremely efficient in using the electricity it takes from the wall socket, this does not take into account the energy that is lost in generation and transmission.

The International Association of Oil & Gas producers encompasses most of the world’s leading publicly-traded, private and state-owned oil & gas companies, industry associations and major upstream service companies. OGP members produce more than half the world’s oil and about one third of its gas.

13.07.2010

Financial Levers has two controlling shareholders, Jacky Ben-Zaken and Avraham Nanikashvili

12.07.2010

For almost fifteen years Dutch gas production (oil production was insignificant in relative terms) was almost entirely dependent upon the Groningen gas field. Nevertheless, following the first oil crisis in 1973-1974 the Dutch government designed a new energy policy, which saved Groningen as a strategic reserve to be used over a longer period, and promoted the exploitation of marginal fields via the Small Fields Policy.

Until the end of 2002, the Netherlands had a Depreciation At Will (DAW) policy that encouraged the fast exploration of existing fields by offering companies tax breaks. But, as reserves decreased, the authorities decided there was no need to hurry up exploration and dropped the DAW. Pressure from the industry managed to partly reinstate it and, in September 2009, the Dutch parliament approved new tax incentives to small fields with marginal economics.

09.07.2010
03.07.2010

From the time of fabrication of a pipeline until its operation, it undergoes a number of tests. The first test is potentially the Factory Acceptance Test, which mostly consists of the inspection, testing and reporting of the system according to the drawings, specifications and requirements of the contract

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02.07.2010

In July 2010 BG Group signed a Share Sale Agreement with AES Ballylumford Holdings for the sale of Premier Power Limited, a wholly owned subsidiary of BG Group, for a total consideration of £99 million. Premier Power Limited operates the 1,246 MW power plant located at Ballylumford in Northern Ireland.

Ballylumford power station is the largest electricity generation site on the island of Ireland. The facility consists of three power stations with a gross capacity of 1 316 MW (1 246 MW effective): (i) a 600 MW Combined Cycle Gas Turbine (“CCGT”) unit completed in 2003 (“C” Station); (ii) a 600 MW nominal capacity (540 MW effective) conventional thermal plant (“B” Station); and, (iii) two Open Cycle Gas Turbine (“OCGT”) units providing an additional 116 MW nominal capacity (106 MW effective) for grid support and emergency response. The CCGT, one of the three thermal units and the OCGT units are contracted to NIE Energy Ltd under long term power purchase agreements, while the remaining “B” Station units sell their output merchant into the Single Electricity Market (“SEM”).

01.07.2010