A device that measures the amount of electricity a customer uses. The primary types are energy meters (measures electricity use in kilowatt-hours), demand meters (also measures peak load), interval demand meters (records use in measured time periods), and time-of-use meters (allows different charges for electricity used during different time periods).
Metering stations are placed periodically along interstate natural gas pipelines to allow pipeline companies to monitor and manage the natural gas in their pipes.
Methyl Tertiary Butyl Ether (MTBE) is an ether compound used as a gasoline blending component to raise the oxygen content of gasoline. MTBE is made by combining isobutylene (from various refining and chemical processes) and methanol (usually made from natural gas)
A hybrid of debt and equity financing that is typically used to finance the expansion of existing companies. Mezzanine financing is basically debt capital that gives the lender the rights to convert to an ownership or equity interest in the company if the loan is not paid back in time and in full. It is generally subordinated to …
Long submarine mountain range that winds along the middle of the ocean floor. The mid-ocean ridge system is essentially a segmented, linear shield volcano. There are a number of major ridges, including the Mid-Atlantic Ridge, which runs down the centre of the Atlantic; the East Pacific Rise in the southeast Pacific; and the Southeast Indian …
There are two main classifications for marine sediments, terrigenous and pelagic. Terrigenous sediments are derived from land and found near shore. Pelagic sediments settle slowly out of the water column and are deposited all over the ocean. Pelagic sediments are deposited at such low rates that they tend to be overwhelmed near shore by terrigenous …
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Where a well has been abandoned, the holder of the petroleum right shall erect thereon a sign, being a 6-inch vertical steel pipe planted firmly in the ground and projecting at least 1.5 meters above ground level
Methane hydrate is a cage-like lattice of ice inside of which are trapped molecules of methane, the chief constituent of natural gas. If methane hydrate is either warmed or depressurized, it will revert back to water and natural gas. When brought to the earth’s surface, one cubic meter of gas hydrate releases 164 cubic meters of natural …
Standards required for a particular LNG installation facility, which can differ depending on the type of siting (e.g. onshore versus offshore, etc.)
Fee to be paid by LNG shippers for the use of a regasification terminal. Fees in 2002 were around $0.40 mmbtu and in 2008 are around $0.70 mmbtu in Europe. Main reason for the increase in the tariff is the higher cost of building the terminals due to higher steel prices, higher storage costs and …
