The First Trust ISE-Revere Natural Gas Index Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the ISE-Revere Natural Gas IndexTM. The ISE-Revere Natural Gas IndexTM is an equal-weighted index comprised …
Continue reading “First Trust ISE-Reverse Natural Gas Index Fund”
The offshore Israel fiscal terms are exceptional. Terms are very similar to USA Gulf of Mexico terms, and include a 27.5% Depletion Allowance. Corporate Tax is applied to income after deduction of royalty, costs, and the depletion allowance. Assuming the Leaseholder is a branch of a foreign company (no dividend tax), and applying 25% corporate …
A drilling bit with cutting edges usually hardened against wear
An explosion is a flame front that moves extremely fast especially in congested areas. LNG regas plants onshore are thus spread out to limit the speed of the flame fronts and the size of the explosions. With offshore LNG terminals this is more complex to achieve and thus the survivability of an offshore facility can …
Tall metal structure used to burn off gas produced by the oil/gas separation in oil fields, when it is not possible to utilize it on site or ship it elsewhere. An open flame used to burn off unwanted natural gas
All shippers need to balance their gas shipments through the pipeline system, namely to maintain their input and withdrawal of natural gas below a specific tolerance level on both a daily and monthly basis. Shippers can balance their system by buying or selling gas in the highly liquid on system market where the price of …
Flexible pipe laid on the seabed for the transportation of production or injection fluids. It is generally an infield line, linking a subsea structure to another structure or to a production facility. Its length ranges from a few hundred meters to several kilometers
An FPSO system is an offshore production facility that is typically ship-shaped and stores crude oil in tanks located in the hull of the vessel. The crude oil is periodically offloaded to shuttle tankers or ocean-going barges for transport to shore. FPSO’s may be used as production facilities to develop marginal oil fields or fields …
Continue reading “Floating production storage & offloading vessel”
Type of module installation onto offshore platforms that does not require lifting operations. A specialized vessel transporting the module uses a ballast system to position itself directly above the location where the module is to be installed; it then proceeds to de-ballast and lower the module into place. Once this has been completed the vessel …
A recording of the in-situ rate of fluid flow at different depths in a well, normally one completed for production or injection. The flow profile is a log recorded in a unit such as barrels per day, or as a percentage of the total flow from the reservoir in a production well or into the …
