Category: Oil and Gas business

A device with moveable vanes attached to a marine seismic streamer to maintain the streamer at a predetermined depth during seismic survey

The International Chamber of Commerce. The ICC’s International Court of Arbitration is one institution administering arbitration, and parties in a gas contract may elect to have disputes governed by it, the ICC Rules of Arbitration (the Rules) or both. Originally, established in Paris, the Court primarily ensures the Rules are correctly applied. The Court also has oversight powers, including appointment of arbitrators, review of awards and fixing tribunal fees. Other well known arbitral bodies include the London Court of International Arbitration and the Singapore International Arbitration Center.

Often in a GSA, or PSC contract, it is determined that disputes will be resolved under ICC rules of arbitration. Arbitration in Paris in the English language. The ICC Rules of Arbitration constitute one of the world’s oldest and most widely used sets of rules for the resolution of international commercial disputes.

A volatile liquid obtained in the distillation of crude petroleum at a temperature of 170° F or below. The term is rather loosely applied to a considerable range of products, including benzene and ligroin.

The Vietnam National Oil and Gas Group

Gasoil or diesel fuel has a density of about 0.75 kg/liter, so 1000 kg will be 1333 liters which is 350 gallons. Thus to convert the price of gasoil in cents per gallon to dollars per ton one needs to multiply the price by 3.5

An important factor in the total field installation cost, which can be minimized by the use of flexible composite pipe that does not have to be welded at the installation site