Subsea tree; Wet tree
A christmas tree installed on the ocean floor
Tip velocity ratio; Tip speed ratio
The Tip Speed Ratio is of important relevance in the design of wind turbine generators. If the rotor of the wind turbine turns too slowly, most of the wind will pass undisturbed through the gap between the rotor blades. Alternatively if the rotor turns too quickly, the blurring blades will appear like a solid wall …
Truss Spar Platform
This modified version of the floating production spar features an open truss in the lower hull, which reduces weight significantly and lowers overall cost
Umbilicals, risers and flowlines; Flowlines, umbilicals and riser systems; Subsea Umbilicals Risers and Flowlines
All to do with subsea production. If you have a subsea wellhead it is controlled by an umbilical cable linking the wellhead and the control room. The umbilical cable also usually contains tubes to enable chemicals to be injected into the wellhead (namely to control and enable chemical delivery). The flowline is where the hydrocarbon …
Various classes in the oil and gas industry
The different classes of players in the oil and gas industry include the supermajor and major oil companies, the state or national firms, the mid-size and finally the smaller upstream independents
Pumped storage electricity generation in Israel
In 2009 four licenses were granted by Minister of National Infrastructures Ben-Eliezer for private electricity producers to build pumped storage power plants totaling 1,000 MW. The first license was granted to the PSP company a consortium of Electra Ltd. (38%), Ortam Yazum (38%) a company owned by Ortam Sahar and Yossi Maiman’s Merhav and the …
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Rights offering (issue)
Issuing rights to a company’s existing shareholders to buy a proportional number of additional securities at a given price (usually at a discount) within a fixed period. A rights issue offers existing shareholders the opportunity to buy new securities at a price lower than their stock exchange price and thereby preserve their relative holding in …
Shut-in LNG
Closing down of LNG facilities due to downward pressure on prices which would mean that it would not be economic to continue to run the facility. Although LNG prices have fallen from a high of $24 mmbtu in the summer of 2008 to a low of $4 mmbtu in the winter of 2009, shut-in of …
Transportation license for natural gas suppliers (Israel)
In accordance with section 10 of the Natural Gas Sector Law, a supplier’s transportation license was given (1) In December 2003 to Yam Tethys. The license is for the transmission of gas from their offshore field, including land handling facilities up to the point of connection to the onshore national transportation system. (2) To EMG …
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United States natural gas sector
Some of the fundamentals of the US natural gas sector include a downward pressure on prices due to excess supply inventories (natural gas and coal reached near record high inventory levels in mid 2009), temporary increase in nuclear power generation and growth in shale gas production. When all of these items come hand in hand …