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The ideal method of taxation is one based on resource rent tax which includes also any windfall profit. This progressive tax levied on profits is implemented around the world in two main ways: the R-Factor (The R-Factor is the ratio of cumulative revenue to cumulative expenditure)in which the entrepreneur starts paying a special tax only …

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Israeli Solar company MST has connected its first system to the national power grid to produce 50 KW of electricity making it the first Israeli firm in the field. MST was founded in 2002 by Dov Raviv, commonly known as the father of the Arrow antiballistic missile. Its concentrated photovoltaic (CPV) system uses mirrors that …

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This is especially important since in terms of total energy efficiency measured directly from the source, natural gas is often much more efficient than electricity. Indeed, natural gas is extremely efficient, losing very little of its energy value as it reaches its point of end use. Electricity, on the other hand, measured from the point …

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From the time of fabrication of a pipeline until its operation, it undergoes a number of tests. The first test is potentially the Factory Acceptance Test, which mostly consists of the inspection, testing and reporting of the system according to the drawings, specifications and requirements of the contract

An energy company, usually in the exploration and production segment of the industry and generally, with no marketing, transportation or refining operations. A non-integrated producing company in the oil industry.

The number of acres which are allocated or assignable to producing wells or wells capable of production.

Subsea tiebacks, which link new discoveries to existing infrastructure, are now becoming viable and are set to become a major factor in the development of new oil and gas reserves in the 21st century. With larger oil and gas discoveries becoming less common, attention has turned to previously untapped, less economically viable discoveries. If a …

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Venting is intentional, passive release of gas to the atmosphere and these are safety precautions. Venting and flare are safety systems. You can choose to just vent as methane or you can vent it as carbon dioxide by flaring it. It is better environmentally to flare it. If you vent the gas you have methane …

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