Category: Oil and Gas business

A term for oil and natural gas that occurs in an extensive reservoir and is not necessarily related to conventional structural traps

A storage facility for natural gas at room temperature

wearing away by friction. A rotary oil-drilling method in which abrasive material under pressure rotates ahile being pressed against the rock.

An energy efficient reforming process that uses heat generated from combining partial oxidation and catalytic sream reforming in a single step.

A black to dark brown Bitumen that melts above 1100c.

Any solid, dark brown bitumen that is either dissolved or dispersed in crude oil. Asphaltenes are are large complex molecules, often with molecular weights in the many thousands, composed of carbon, hydrogen, oxygen and other heteroatoms.They are responsible for most of the color of crude any and heavy oils.

In a natural gas sales agreement, properly nominated gas is the amount of gas that is nominated by the buyer to the seller, subject to Force Majeure or scheduled maintenance on each day during the supply period, and which the seller must make available for delivery at hourly rates pursuant to the agreed GSA nomination procedure between the parties.

GSAs usually include minimum levels of nominations allowed, with a delivery tolerance in the range of +/‑ 2% in a day and +/‑ 1% in a month. The minimum aggregate of all nominations is often either zero or greater than 50 mmcfd. The seller however can be asked to use reasonable endeavors to deliver at rates less than this minimum.

Natural Gas tendered for delivery by (or on behalf of) the Shipper at the Designated Delivery Points for transportation to the Designated Redelivery Points in accordance with the agreement with the transmission licensee (INGL)