Institute of Technology MSc in Oil & Gas Technology “CONTRACT LAW” “THE INTERPRETATION OF LEGAL TERMS ABOUT CONTRACTUAL OBLIGATIONS OF THE PARTIES IN AN OIL OR GAS EXPLORATION/EXTRACTION CONTRACT” Authors: Andreou Christos Georgiou Manolis Kakanis Iordanis Skarvelas Stathis Supervisor: Pr. K. Kalambouka November 2012 ABSTRACT The purpose of this assignment is to identify the contractual obligations of the parties in oil and gas exploration and extraction contracts. The
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The Papua New Guinea liquefied natural gas (PNG LNG) project‚ to be constructed at Napa near Port Moresby‚ is a new gas project being championed by ExxonMobil to maximize the advantage from three large gas discoveries in the southern and western highlands of PNG. The new gas discoveries are the Hides‚ Angore and Juha gas fields‚ which are likely to have reserves approaching three to four trillion cubic feet. The project will cost an estimated US$15 billion to construct through initial completion
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LNG? Natural gas reserves can be found around the world. Gas may be found alone or in solution with oil in natural underground reservoirs. Natural gas is a naturally occurring gaseous mixture of hydrocarbon components and consists mainly of methane. The other constituents include ethane‚ propane and butane which are referred to as liquefied petroleum gases‚ and condensates which are heavier hydrocarbons. The composition of gas differs from one gas reservoir to another. Liquefied Natural Gas (LNG)
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to 266‚000 m3 are sailing worldwide. At the end of 2005‚ a total of 203 vessels have been built‚ of which 193 are still in service. The success of the specially modified C1-M-AV1-type standard ship Normarti‚ renamed The Methane Pioneer‚ caused the Gas Council and Conch International Methane Ltd. to order two purpose built LNG carriers to be constructed: the Methane Princess and the Methane Progress. The ships were fitted with Conch independent aluminum cargo tanks and entered the Algerian LNG trade
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Enron Corporation was one of the largest integrated natural gas and electricity companies in the world. It marketed natural gas liquids worldwide and operated one of the largest natural gas transmission systems in the world‚ totaling more than 36‚000 miles. It was also one of the largest independent developers and producers of electricity in the world‚ serving both industrial and emerging markets. Timeline Enron began as Northern Natural Gas Company‚ organized in Omaha‚ Nebraska‚ in 1930. The
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problems of our country. Air pollution is the introduction into the atmosphere of chemicals‚ particulates‚ or biological materials that cause discomfort‚ disease‚ or death to humans‚ damage other living organisms such as food crops‚ or damage the natural environment or built environment. One of the causes is the exhaust gases emitted by vehicles. These gases are particulate matter (PM)‚ hydrocarbons (HCs)‚ nitrogen oxides (NOx)‚ carbon monoxide (CO)‚ sulfur dioxide (SO2)‚ hazardous air pollutants
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organisation to optimise performance An identification of the culture of the organisation and at least 2 ways this affects operations. NAME: Dhafir Al Barwani COHORT: HRP 4 OM COMPANY: Qalhat LNG WORD COUNT 627 Qalhat LNG SAOC is Natural Gas Liquefaction Train the construction of LNG liquefaction train commenced in 2003 at Wilayat Sur‚ and first Shipment of LNG from the plant was sent in December 2005. The plant was officially inaugurated on 25th March 2006 with Financing strategies
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Delivering growth and value First quarter 2012 results May 2012 Legal notice The following presentation contains forward-looking statements concerning BG Group plc’s strategy‚ operations‚ financial performance or condition‚ outlook‚ growth opportunities or circumstances in the countries‚ sectors or markets in which BG Group plc operates. By their nature‚ forward-looking statements involve uncertainty because they depend on future circumstances‚ and relate to events‚ not all of which can be
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capacity at regasification terminals on both sides of the Atlantic * We have rights to existing US import capacity in Lake Charles‚ Louisiana and Elba Island‚ Georgia. * BG Group has been the largest supplier of LNG to the world’s largest gas market - the US - for the last five years * BG Group is the largest international oil company operator of LNG ships * BG Group has supplied 22 of the 22 LNG importing countries and sourced LNG from 10 different supplier countries * A leading
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Economics Final Paper The Impact of US Shale Gas Exploration on the global LNG tanker market Abstract The triggers for this study have been several articles prophesying a shale gas revolution in the LNG tanker business. Following that‚ the author seeks to assess the real prospects that can be drawn from US shale gas exploration and whether their impact is long- or short-lived. The LNG tanker market is a market highly specialized and sophisticated with some of the most complex and expensive
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