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State of Israel – Ministry of National Infrastructures – Natural Resources Licensing Administration. Announcement of the Petroleum Commissioner. Applications for the meeting of the Petroleum Board no. 2/10 March 09, 2010 1. Applications for petroleum rights for the meeting of the Petroleum Board no. 2/10 in accordance with the Petroleum Law should be submitted to …

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Units used in the LNG trade can be confusing. Produced gas is measured in volume (cubic meters or cubic feet), but once it is converted into LNG, it is measured in mass units, usually tons or million tons. (This is abbreviated as MMT or more commonly MT). LNG ship sizes are specified in cargo volume …

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Natural gas, being a clean, efficient source of energy, has innumerable uses in industry, and new applications are being developed every day. The industrial sector currently consumes more natural gas than any other end-use sector and is expected to continue that trend through 2030, when 40 percent of world natural gas consumption is projected to …

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A method of stimulating production by opening new flow channels in the rock surrounding a production well. Under extremely high hydraulic pressure, a fluid (such as distillate, diesel fuel, crude oil, water, or kerosene) is pumped downward through production tubing or drill pipe and forced out below a packer or between two packers. The pressure …

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Based on the gas finds known as “Or 1” and “Or South”, a 30 year lease covering 53 square kilometers (approximately 13,100 acres) offshore Israel, was granted in June 2000 (the “Med Yavne Lease”). The original operator of the Med Yavne Lease was BG International Limited. BG resigned as the operator of the Lease and …

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Any simultaneous purchase or sale of crude oil against the sale or purchase of oil products. These spreads represent refining margins. This is the most important parameter that defines the profits of oil refineries around the world. It is the gap between the price of the different refined products and that of crude oil. Refinery …

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In a natural gas sales agreement, properly nominated gas is the amount of gas that is nominated by the buyer to the seller, subject to Force Majeure or scheduled maintenance on each day during the supply period, and which the seller must make available for delivery at hourly rates pursuant to the agreed GSA nomination …

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