Petroleum Sample Clauses

Petroleum. Petroleum, including crude oil or any fraction thereof which is liquid at standard conditions of temperature and pressure (60 degrees Fahrenheit and 14.7 pounds per square inch absolute), such as oil, petroleum, fuel oil, oil sludge, oil refuse, gasoline, kerosene, and oil mixed with other non-Hazardous Wastes and crude oils.
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Petroleum. To the extent this Agreement constitutes a contract for goods or services for which a written verification is required under Section 2274.002 (as added by Senate Bill 13 in the 87th Texas Legislature, Regular Session), Texas Government Code, as amended, the Developer hereby verifies that it and its parent company, wholly- or majority-owned subsidiaries, and other affiliates, if any, do not boycott energy companies and will not boycott energy companies during the term of this Agreement. The foregoing verification is made solely to enable the Issuer to comply with such Section and to the extent such Section does not contravene applicable Texas or federal law. As used in the foregoing verification, “
Petroleum. To the extent this Reimbursement Agreement constitutes a contract for goods or services for which a written verification is required under Section 2274.002 (as added by Senate Bill 13 in the 87th Texas Legislature, Regular Session), Texas Government Code, as amended, the Developer hereby verifies that it and its parent company, wholly- or majority-owned subsidiaries, and other affiliates, if any, do not boycott energy companies and will not boycott energy companies during the term of this Reimbursement Agreement. The foregoing verification is made solely to enable the Issuer to comply with such Section and to the extent such Section does not contravene applicable Texas or federal law. As used in the foregoing verification, “boycott energy companies” shall mean, without an ordinary business purpose, refusing to deal with, terminating business activities with, or otherwise taking any action that is intended to penalize, inflict economic harm on, or limit commercial relations with a company because the company (A) engages in the exploration, production, utilization, transportation, sale, or manufacturing of fossil fuel-based energy and to meet environmental standards beyond applicable federal and state law; or (B) does business with a company described by (A) above. The Developer understands “affiliate” to mean an entity that controls, is controlled by, or is under common control with the Developer within the meaning of SEC Rule 133(f), 17 C.F.R. §230.133(f), and exists to make a profit.
Petroleum. Trade in petroleum is exempted from the provisions contained in this Treaty and shall be govemed by the respective regulations in force in both Parties.
Petroleum. The Developer hereby verifies that it and its parent company, wholly- or majority-owned subsidiaries, and other affiliates, if any, do not boycott energy companies and will not boycott energy companies during the term of this Agreement. The foregoing verification is made solely to enable the Issuer to comply with such Section. As used in
Petroleum. Petroleum agreement of 1964, with agreed minutes. Signed at Seoul May 12, 1964; en- tered into force September 3, 1964. 15 UST 1412; TIAS 5614; 529 UNTS 299. POSTAL MATTERS Parcel post agreement and detailed regulations. Signed at Seoul February 17, 1949; entered into force December 1, 1949.
Petroleum. The Barents Sea is generally believed to contain substantial amounts of oil and gas. A much-quoted US Geological Survey study from 2008 (USGS, 2008) states the Arctic “ accounts for about 13 percent of the undiscovered oil, 30 percent of the undiscovered natural gas, and 20 percent of the undiscovered natural gas liquids in the world. About 84 percent of the estimated resources are expected to occur offshore.”16 In the study, the Barents Sea is identified as a region with substantial oil and gas reserves. Until now, however, very little commercial petroleum activity has taken place in the Barents Sea proper; the Snøhvit field off Finnmark county to the southwest of the Barents Sea, which came on stream in 2007, is the closest. The Goliat oil field in the same area is expected to come on stream in 2013. In Russia, great expectations are vested in the Shtokman field, 600 km to the north of Murmansk. This is expected to become one of the largest offshore gas fields in the world (Moe, 2010). The agreement emphasizes in its preamble that petroleum resources are to be managed effectively. As the case is for fisheries, the agreement contains one article laying out the general provisions, and an appendix with the specifics. The point of the departure of article 5 on petroleum is that where a petroleum deposit straddles the boundary, the provisions in appendix II of the agreement, “Transboundary petroleum deposits”, apply. The essence here is that the management and utilization of such deposits are to be based on unitization agreements. The appendix specifies in detail the provisions such unitization agreements are to contain (article 1), and states that disagreements are to be promptly resolved and specifies procedures for that. Article
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Petroleum. PRODUCTION WORK Unless otherwise agreed between the contract operator and the Joint Authority, work on a permanent structure to produce petroleum shall commence within six (6) months of approval to construct the structure.
Petroleum. 9.4.1 Bharat Petroleum Corporation Limited (BPCL) Research and development (R&D) is an integral part of BPCL’s strategy for achieving sustainable growth and profitability. To enhance R&D capabilities, BPCL is continuously strengthening the infrastructure and manpower resources at its Corporate R&D Centre, Greater Noida, UP as well as at its Product & Application Development Centre, Sewree, Mumbai and the R&D centre at Kochi Refinery, Kochi. All these in-house R&D Centers are recognized by the Department of Scientific & Industrial Research (DSIR), Ministry of Science and Technology, Govt. of India. During 2013-14, BPCL has taken the initiative to commercialize products developed in-house and implement R&D inputs for process improvement. Other steps taken for promotion for R&D are as followers:
Petroleum. There were 85 projects in the Petroleum sector being implemented by BPCL, GAIL, HPCL, IOCL, MRPL, NRL, ONGC and OIL as on 31.3.2014. The total original cost of these projects stood at ` 188165.13 crore and the anticipated completion cost is ` 204662.28 crore which is 8.77% more than the original cost. The expenditure incurred on these projects till March 2014 is ` 107749.39 crore which is 57.3% of the original cost. The details of the 54 projects costing above ` 500 crore are given as under:
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