The Israeli law allows a group to join up in a number of different frameworks: the best known manner is a limited company. In the oil and gas business it is common to link up as a limited partnership instead and thus they are traded as participation units and not as shares. Nevertheless, the stock …
Adira Energy Ltd. is a listed Canadian domiciled, oil & gas exploration and development company. The main investors in Adira are the BRM Group of Eli Barkat, the Lapidot Group of Helman Aldubi, the Investment Fund Quantum Partners, managed by Soros Fund Management that belongs to the billionaire George Soros who invested $6.5 million in …
Electricity generation facilities use huge amounts of water, especially for cooling purposes. For example, the Rutenberg coal power station in Ashkelon requires 330 thousand liters of sea water per hour when it is working on full capacity. Thus, when such a station is working at full capacity for 13 days it requires more water than …
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Petroleum Coke is produced in oil refineries as a by-product of the cracking of crude oil into a wide range of products. The crude is heated at high temperature and pressure in the presence of a catalyst to break down the heavy hydrocarbon molecules into lighter fractions; petroleum coke is essentially the solid residue of …
Nobody knows or can know how much oil exists under the earth’s surface or how much it will be possible to produce in the future. All numbers are, at best, informed estimates. Within the broad concept of oil reserves there are several key distinctions: ultimately recoverable resource (URR) is an estimate of the total amount …
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A nomination is (1) the notification by a shipper to a pipeline company of the amount of gas that it wishes to flow on their system on the date specified. The actual amount of gas that flows on the system may be different than the quantity nominated. (2) A request for a physical quantity of …
The consumer will receive the following bill: payment to the shipper/marketer to include the price of his natural gas + the marketer’s fee (these fees are not supervised/regulated); payment to the transmission licensee according to the two phased tariff determined by the Natural Gas Authority; a one-time payment to link up his facility to the …
Continue reading “Natural gas consumer (Israel); Natural Gas Guide (Israel)”
Market conditions can vary vastly over the life time of a gas sales contract, especially as many of these contracts are long term (even up to 25 years). It is therefore often desirable to have a means of modifying the price formula over time. The advantage of such clauses is that it allows the parties …
PENRA was created & authorized to be the sole national authority responsible for managing the Palestinian energy sector, including but not limited to policy formulation, development, restructuring, & coordination. The Palestinian Energy and Natural Resources Authority has the following objectives: Ensure that the electricity supply is delivered to citizens through developing and rehabilitating internal electricity …
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The process consists of fusing nuclei rather than splitting a nucleus as happens in ordinary nuclear-fission power plants. In a fission reaction, the nucleus of a uranium atom is split into two smaller atoms, releasing energy in the form of heat. The heat is used to make steam, which drives a turbine and generates electricity. …
