Cash call
Casing pipe; Thick-walled pipe
Used in oil wells to reinforce the borehole. Sometimes several casings are used, one inside the other. The outer casing, called the “surface pipe,’ shuts out water and serves as a foundation for subsequent drilling
Bund wall
A lined wall around oil tanks designed to catch all oil that leaks from it. It therefore should have the capacity to retain the volume of oil held within the oil tank and also be oil tight
Bundwall
Call Center, call centre
Call for bids
Call options (e.g. Traders said the surge above $125 a barrel was related to banks covering call options)
Contracts that give the right to an investor to buy (e.g. crude oil) at a predetermined level, as the commodity has been sold previously to investors at that level by the banks. An option that gives the buyer (holder) the right, but not the obligation, to buy a futures contract (enter into a long futures …
Capacity allocation mechanism; Allocation of LNG; LNG allocation
Mechanism to allocate capacity in a transmission pipeline or an LNG gasification facility under the open access method. In principle governments, regulators want capacity to be allocated in a transparent manner that will be best suited to the objectives at hand. The mechanism for allocating capacity in an LNG gasification facility can include: open season, …
Continue reading “Capacity allocation mechanism; Allocation of LNG; LNG allocation”
Boring rig, bore installation
See drilling rig