17.5.2018 Reuters (John Kemp) – Rising oil prices herald next phase in cycle: Kemp Oil prices are now in the top half of the cycle, with benchmark Brent on Thursday trading above $80 per barrel for the first time since November 2014. In real terms, prices averaged $75 per barrel over the course of the …
Definition and relevance of affordability in relations to gas; countries fall into 2 categories of affordability: An absolutely price level, such as $5/MMBtu, above which customers in a country cannot afford to purchase the fuel either because of their income level, or because the end-user price level of the final product (especially electricity) for which …
The government of Israel’s policy to curb coal use to a minimum and use more gas and renewables is optimal for the Israeli market ?However, in order for this to occur, the regulators need to pass supportive legislation that also take into consideration all the market benefits
Refers to the futures contract that is closest to expiration and is usually for delivery in the next calendar month (e.g., prompt-month contracts traded in February are typically for delivery in March).
Non-methane volatile organic compounds (NMVOCs) are a large variety of chemically different compounds, such as benzene, ethanol, formaldehyde, cyclohexane, 1,1,1-trichloroethane or acetone. Essentially, NMVOCs are identical to volatile organic compounds (VOCs), but with methane excluded. Methane is excluded in air-pollution contexts because it is not harmful. Its low reactivity and thus long livetime in the …
Continue reading “Non-methane volatile organic compounds; non-methane VOCs”
The additional postponement of the oil and gas licenses exploration tender, that the Ministry of Energy announced, leads to the conclusion that there is something problematic in the current approach and that under the current circumstances nothing is about to change ■ Why did our neighbors succeed in their tender, how does the timing influence mattes, is it all really political, and what nevertheless could still be done to change the picture and bring positive results
Under the Israeli petroleum law, a petroleum discovery is defined as: The land and all geologic formations underlying it beneath which is a known accumulation of petroleum capable of being produced in commercial quantities. “ Commercial quantities, under the Petroleum Law is defined as “quantities of petroleum sufficient to permit production thereof on a commercial basis.”
Is the gas pipeline project between Israel and Italy, namely the pipeline known as the East Med Gas Pipeline Project, the construction of which relies considerably on the ability to export gas from Leviathan and others, a project that is economic and technically possible? The views in the energy market are divided, but the Minister of Energy Yuval Steinitz is promoting the project.
Seismic survey undertaken ‘down hole’ in connection with well operations (typically with a source size of 500 cubic inches)
Terminals that can split standard-size LNG cargoes into smaller parcels.
