LNG Train
A single cyclic gas liquefaction processing unit. A liquefaction train is typically capable of producing between 3-8 million tons of LNG per annum. Each LNG plant consists of one or more trains.
Load shape
Term used in planning and demand-side management that refers to the distribution of energy requirements over time. Derived from the practice of plotting energy requirements on a chart or graph, which produces a graph whose curve usually has a distinctive shape. When distribution of energy requirements is changed, the shape of the graph also changes, …
Load shedding, load shedding agreement
When the electricity supplier intentionally causes electricity blackouts (electricity stoppages) because demand is higher than their available to supply
Loan agreement
A loan agreement is typically used by a bank, another financial investor or partner to finance all or part of an oil and gas project. Compensation for funds advanced is limited to a specified interest rate. The tender does not participate in profits earned by the project above the agreed upon interest rate. There is …
Local distribution company
A local utility that sells natural gas to consumers within the city or region that the utility serves. LDC’s are usually regulated at the state level
Log (noun); Well log
The results of a survey which gathers information about the subsurface formations. Logs typically consist of several curves on a long grid that describe properties within the wellbore or surrounding formations that can be interpreted to provide information about the location of oil, gas, and water. The measurement versus depth or time, or both, of …
Log (verb); Logging; Carry out electric logs
Conduct a survey inside a borehole to gather information about the subsurface formations. Logs typically consist of several curves on a long grid that describe properties within the wellbore or surrounding formations that can be interpreted to provide information about the location of oil, gas, and water. Also called well logs, borehole logs, wireline logs, …
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Logging while drilling; Measuring while drilling
Measurements-while-drilling (MWD) and logging-while-drilling (LWD) logs are also taken downhole. They are either transmitted to surface by mud pulses, or else recorded downhole and retrieved later when the instrument is brought to surface. The measurement of formation properties during the excavation of the hole, or shortly thereafter, through the use of tools integrated into the …
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Long Range Navigation
OPERATION LORAN is a net work of land based radio transmitters and was developed to provide an accurate system for long range navigation. LORAN Stations Operations are organized into sub-groups of four to six stations called ” CHAIN “.One station in the Chain is designated the ” MASTER ” and others are called ” SECONDARY …
Long term gas contract; Multiyear deals
Gas contracts are divided into long term contracts (over one year but often up to 10-20 years), mid-term contracts (approximately up to five years but can be as short as between one month to one year) and short term contracts or master sales agreements (usually up to 1 month or on a cargo-by-cargo basis for …