A petro-state could be described as a mining country with weak institutions and a malfunctioning public sector. Its most important feature are laws that grant subsoil rights to the government, from which spring the extraordinary size and duration of the “petro-rent” which is much greater than the profits which can be made in the private …
The quantity (volume) of oil and gas required to maintain a full pipeline. The static capacity of a pipeline is usually expressed as a volume per unit length (for example, bbl/ft). Nevertheless, the fluid volume passing through a pipeline in a specific time period will depend on initial pressure, flow characteristics, ground elevation, density and …
Increase in inventories, mild weather, weakening US oil demand, strengthening of the US dollar, etc can all contribute to a sharp decline in crude oil prices
A saturated hydrocarbon (for example, methane, ethane). Heavier paraffin hydrocarbons form a waxlike substance that is called paraffin. These heavier paraffins often accumulate on the walls of tubing and other production equipment, restricting or stopping the flow of the desirable lighter paraffins and may, if severe, restrict production.
Under this partially load shedding agreement, consumers will agree to partially reduce their electricity consumption during peak hours in return for an incentive payment for each KWH reduced. The MNI believes this arrangement could be suitable for many consumers, including large a/c consumers in public buildings and governmental institutions and hope to be able to …
Participating Interest means as to any Party, the undivided interest of such Party (expressed as a percentage of the total interests of all Parties) in the rights and obligations derived from the Parties’ interest in the Contract
Very small particles, such as dust, produced by combustion engines Microscopic air-borne material which could be natural or could be man-made such as from the combustion of fossil fuels which may be harmful or even toxic
Low concentration of one particular compound in another, usually in air or water
A fully transparent contract based on fixed energy rates. If natural gas is a pass-through for an IPP this signifies usually that the cost of the gas is fully approved by the regulator as part of the electricity tariff
The point at which all costs of leasing, exploring, drilling and operating have been recovered from production of a well as defined by contractual agreement
