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Due to constant announcements of shale gas recoverable reserves, as well as drilling in Central Asia, South America, Africa, and deepwater drilling, estimates are updated frequently. Since 2000, some countries, notably the US and Canada, have seen large increases in proven gas reserves due to development of shale gas , but shale gas deposits in ...
Bcf – billion cubic feet (of natural gas) Bcf/d – billion cubic feet per day (of natural gas) Bcfe – billion cubic feet (of natural gas equivalent) BD – bursting disc; BDF – below derrick floor; BDL – bit data log; BDV – blowdown valve; BGL – borehole geometry log; BGL – below ground level (used as a datum for depths in a well)
GIC—Gas Inventory Charge (natural gas) GISB—Gas Industry Standards Board (now NAESB) (US) (natural gas) GLDF—Generator to Load Distribution Factor. See Load balancing (electricity) Gm 3 —Billion cubic metres (measurement – gas) GMO—Genetically modified organism; GMP—Green Mountain Power (US) (electricity) GNP—gross national ...
Commodities have captured the attention of investors in recent years, with big bull markets in many very important markets like agricultural products and precious metals. But ever since the ...
Wet natural gas is used for petrochemicals as well as gasoline (petrol). In 2022, the United States has led the world in both natural gas production and natural gas exports. Until 2022, Russia was the world's largest exporter of natural gas, exporting over 250 billion cubic meters (bcm) of natural gas in some years. However, following the ...
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Summary Natural gas prices have steadily increased since April, reaching a seven-year high of $4.91 per million British Thermal Unit (MMBtu) on September 8. With prices improving, expectations for ...
Natural gas power stations opened at a fast rate throughout the 2010s, quickly replacing aging, dirty, and economically unviable coal-fired power stations, but by the early 2020s new plants were mostly wind and solar with only Texas, Ohio and Pennsylvania continuing to open significant numbers of gas plants.