The Strait of Hormuz is a narrow (34 km at its narrowest width) strategically important waterway between the Gulf of Oman in the southeast and the Persian Gulf in the southwest, Iran on the north coast and the United Arab Emirates on the south coast. Between 20-40% of the world’s oil supply passes through the …
A relatively high-standing area formed by the movement of normal faults that dip away from each other. Horsts occur between low-standing fault blocks called graben
Takeover attempt by one company of another that is strongly resisted by the target firm, such as when BG tried to take over the Australian company Origin Energy in mid 2008 in a hostile take-over and which was eventually foiled
Geothermal hotspots are volcanic features which are found all around the world. Basically a hotspot is an area of reduced thickness in the mantle which transmits excess internal heat from the interior of the earth to the outer crust. These hotspots are well known for their unique effects on the surface, such as the volcanic …
For the national gas transmission system to operate in a stable and reliable manner, the entry gas and exit gas should be more or less in balance. This so-called balancing regime is aimed at a system in which each individual shipper ensures that the entry gas and the exit gas within his portfolio are balanced. …
Continue reading “Hourly imbalance; Daily imbalance; Cumulative imbalance”
What is a hub Geographical location where multiple participants trade energy. Several characteristics define a gas hub. In essence a hub facilitates gas wholesale trading as a marketplace and defines a hub gas price market. The network operation, availability of ample gas supplies and liquidity of products (short and medium term), and the legal framework …
A chemical compound of hydrogen and carbon, called petroleum
Hydrocarbon dew-point is to prevent the condensation and accumulation of hydrocarbon liquids at low points in the gas distribution grid. The hydrocarbon dew-point specification is usually achieved by removing a proportion of the higher hydrocarbons (typically butanes and heavier) from the process gas stream by using different refrigeration, absorption, adsorption or other technologies. There are …
Electrical energy generated by harnessing the power of moving – but not necessarily falling – water
A colorless gas with an offensive stench that is said to smell like rotten eggs. The gas can be detected at a level of 2 parts per billion. It is measured by a hydrogen sulfur analyzer. Natural gas contains up to several percent of hydrogen sulfide and as such are called sour gas wells from …
