Balancing delivery of gas in the transmission system with the quantities taken from it. Balancing is achieved through delivery and/or withdrawing gas from the pipeline and is done daily, monthly or seasonally
When crude oil is $100 a barrel this is equivalent to $17.2 an mmbtu, which is an important ball-point to compare the price of crude oil to that of natural gas. As an example on the 1st of September 2008 when crude oil was $116.2 a barrel and natural gas was $8.2 an mmbtu, crude …
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A unit of volume measurement used for petroleum and its products (7.3 barrels = 1 ton: 6.29 barrels = 1 cubic meter). One barrel is equal to 42 U.S. gallons, or 5.6 cubic feet, or 159 liters of oil. The first b stands for blue for when Standard Oil would use blue barrels to transport …
The revenue requirement of a utility divided by the utility’s sales. Average cost typically includes the costs of existing power plants, transmission, and distribution lines, and other facilities used by a utility to serve its customers. It also included operating and maintenance, tax, and fuel expenses.
According to the electricity regulations the essential service provider must give back-up services to all of an IPP’s consumers. Thus if an IPP is unable to provide his consumers with electricity due to down time for maintenance or any other reason, IEC is obliged to provide the power
A financial statement prepared annually for shareholders and stating a company’s assets and liabilities
The Barnett Shale is a hydrocarbon-producing geological formation which consists of sedimentary rocks and the productive part of the formation is estimated to stretch from the city of Dallas west and south, covering 13,000 km² and is estimated by some as the largest onshore natural gas field in the United States. The Barnett Shale has …
API is the only national trade association that represents all aspects of America’s oil and natural gas industry. API leads the development of petroleum and petrochemical equipment and operating standards. API also certifies inspectors of industry equipment. The development of consensus standards is one of API’s oldest and most successful programs. Beginning with its first …
The American Society of Mechanical Engineers is an organization that promotes the art, science and practice of mechanical and multidisciplinary engineering and allied sciences throughout the world
The mission of the American Welding Society is to advance the science, technology and application of welding and allied joining and cutting processes, including brazing, soldering and thermal spraying
