Expenditures, deductible for income tax purposes, incurred by an operator for labor, fuel, repairs, hauling, and supplies used in drilling and completing a well for production. One of the tax benefits of oil and gas investments is the ability to deduct intangible drilling costs, or IDCs. IDCs are expenses connected with drilling and preparing wells …
Integrated resource planning (IRP) is a planning process for electric utilities that evaluates many different options for meeting future electricity demands and selects the optimal mix of resources that minimizes the cost of electricity supply while meeting reliability needs and other objectives. With traditional utility planning, planners take into consideration the demand to be met, …
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Natural gas sold to customers with a provision that permits curtailment or cessation of service at the discretion of the distributing company under certain circumstances as per the terms of the gas sales contract. A gas delivery service with the lowest priority. Interruptions of supply of gas can be notified on short notice and usually …
National Grid Grain LNG Limited, a wholly owned subsidiary of National Grid, has constructed a liquefied natural gas importation and regasification terminal at the Isle of Grain in the south east of England. National Grid Grain LNG owns and operates the importation terminal. This is especially important with gas demand rising and domestic production set …
Isobutane is identified by several different names, some of the names referring more to the unique properties of the substance, or to its usage. Two of the names, methylpropane and 2-methylpropane, have to do with the chemical composition of the substance. Whatever name is assigned to the final compound, isobutane is an alkane that combines …
Homogeneity in all directions. The property of homogeneity or uniformity of a rock which allows it to show the same responses or characteristics when measured along different axes
The idea that oil producers and consumers are mutually dependent on one another. An appreciation of interdependence in an important component in the evolving conception of energy security. Energy interdependence is about building a relationship of mutual dependence between energy producers and energy consumers. In reality, producers continue to invest billions of dollars in consuming …
Intraday trading refers to opening and closing a position in a security in the same trading day. This can be buying and selling to capitalize on a potential rise in a security’s value or shorting and covering the short to capitalize on a potential drop in value. Intraday traders capitalize on small moves in the …
Israel’s largest holding company with a substantial energy portfolio. IC’s primary holdings include: Israel Chemicals (ICL – a leading global fertilizers and specialty chemicals producer), Zim integrated shipping services, Oil Refineries (ORL – Israel’s largest integrated refinery and petrochemicals producer), Inkia Energy (a prominent Latin American power generation company), Tower Semiconductor, Project Better Place (a …
Orot Rabin (2,610 MW) at Hadera and Rutenberg in Ashkelon (2,250 MW). Currently all the coal plant units in Ashkelon and Hadera power stations are of the “critical” technology, that have an efficiency of ~39-40%. The super critic technology (higher temperature in the boilers and additional technological improvements) is more efficient by 3-7% than the …
