In 2008 the average cost of oil was $99.57 a barrel. The world was then consuming some 88mm barrels of crude a day, that amounted to a total annualized cost of $3,200bn. By mid 2009, the average price of crude oil had fallen to about $50 a barrel. Just this item represented an annualized saving …
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The Baltic Dry Index is a daily average of prices to ship raw materials. It represents the cost paid by an end customer to have a shipping company transport raw materials across seas on the Baltic Exchange, the global marketplace for brokering shipping contracts. The Baltic Exchange is similar to the New York Merc in …
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This is still an untried process of liquefying CBM. Australia is especially keen to be able to turn CBM into LNG to ship out to Pacific and Atlantic Basin markets. The first world CBM-to-LNG plant is due to be built by Gladstone LNG in Queensland. Extracting the gas from the coal bed is relatively straightforward. …
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The gas obtained when coal is heated in an airtight place. It consists mainly of hydrogen and methane. Coke oven gas is burned to produce heat in industrial plants and in homes. It was formerly used for illumination. Coke oven gas is made by heating coal in a by-product coke oven that heats to about …
A thermal cracking process to break up large molecules into smaller ones with the generation of quantities of petroleum coke.
The assumption that a recorded seismic trace was reflected by a point midway (horizontally) between the source and detector.
Aerosols are tiny particles suspended in the air. Some occur naturally, originating from volcanoes, dust storms, forest and grassland fires, living vegetation, and sea spray. Human activities, such as the burning of fossil fuels and the alteration of natural surface cover, also generate aerosols. Averaged over the globe, aerosols made by human activities currently account …
The chairman and CEO of Avenue Group is Levi Mochkin. Avenue Group won a license to carry out exploration activity in the Heletz Kochav field which spans 230 thousand dunam from Tel Aviv in the North to the Gaza Strip in the South, which is the only significant onshore oil field in Israel. The 60,000 …
The naturally-occurring ionizing radiation which every person is exposed to, arising from the earth’s crust (including radon) and from cosmic radiation
British Gas owner Centrica plans to spend around £1.2bn converting the Baird gas field in the southern North Sea into the UK’s second largest gas storage facility. It is expected that the project will commence commercial operations in 2013. The Department of Energy and Climate Change (DECC) issued its first ever gas storage licence to …
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