UK petroleum definition

UK petroleum means petroleum which for the time being exists in its natural condition in strata beneath relevant UK waters;
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UK petroleum means petroleum (within the meaning given in section 1 of the Petroleum Act 1998) which for the time being exists in its natural condition in strata beneath—
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UK petroleum means petroleum which for the time being exists in its natural condition in strata be- neath relevant UK waters;
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Examples of UK petroleum in a sentence

  • The Group holds interests in certain UK petroleum production licences which it acquired in 2007.

  • In acquiring its interests in certain UK petroleum production licences, the Company has entered into agreements whereby there is an option for the seller to re-acquire 5.515% of the Company's interest in the Ettrick exploration licence.

  • OGA’s policy objective in a Licensing Round is to maximise the economic recovery of UK petroleum (MER UK) 3, and all decisions will be made in pursuit of that policy.

  • Where there is competition for the same acreage, the award will be that which OGA believes best serves the policy of maximising economic recovery of UK petroleum, subject to compliance with all relevant laws and with due regard to environmental factors.

  • The point made by RRUK in summary is that at various places within MER, emphasis is placed on the need for collaboration between joint venturers for the purpose of maximising the economic recovery of UK petroleum.

  • The UK petroleum licensing system is ‘discretionary’ in that the Secretary of State has the power to grant licences to such persons as he thinks fit.

  • Contractor recognizes that INTEGRIS is a federal Contractor and an equal opportunity and affirmative action employer.

  • Section 21(4)(a) of the Act allows the OGA to reject a dispute reference if it is not a ‘qualifying dispute’, i.e. if it does not relate to the fulfilment of the principal objective to maximise economic recovery of UK petroleum or activities under an offshore licence, or is already being considered further under section 82 of the Energy Act 2011.

  • Carbon intensity and carbon leakageAs previously indicated, the UK net-zero-consistent oil and gas demand and production projections, as produced by the UK Committee on Climate Change shows that over the next few decades, UK net-zero-consistent petroleum demand outstrips projected domestic production, with UK petroleum import dependency remaining at about 50% in that period (see Figure 2).

  • Failure to grant consent would imply increased UK petroleum imports from countries and provinces with higher upstream carbon intensity.


More Definitions of UK petroleum

UK petroleum means petroleum (within the meaning given in section 1 5
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Related to UK petroleum

  • Petroleum means the crude oil removed from the earth and the oils derived from tar sands, shale, and coal.

  • Crude Petroleum means the direct product of oil wells or a mixture of the indirect products transportable like the direct products and containing not more than two percent (2%) of sediment, water, and other impurities.

  • Liquefied petroleum gas means a mixture of light hydrocarbons (predominantly propane, butane) that is gaseous under conditions of ambient temperature and pressure and that is maintained in a liquid state by an increase of pressure or lowering of temperature;

  • Petroleum Products means gasolines and petroleum oil distillates or blend stocks as further described in Item 10.

  • Petroleum UST system means an underground storage tank system that contains petroleum or a mixture of petroleum with de minimis quantities of other regulated substances. Such systems include those containing motor fuels, jet fuels, distillate fuel oils, residual fuel oils, lubricants, petroleum solvents, and used oils.

  • Natural Gas Liquids means those hydrocarbon components that can be recovered from natural gas as a liquid including, but not limited to, ethane, propane, butanes, pentanes plus, and condensates;

  • Natural uranium means uranium with the naturally occurring distribution of uranium isotopes, which is approximately 0.711 weight percent uranium-235, and the remainder by weight essentially uranium-238.

  • oil tanker means a ship constructed or adapted primarily to carry oil in bulk in its cargo spaces and includes combination carriers and any “chemical tanker” as defined in Annex II of the present Convention when it is carrying a cargo or part cargo of oil in bulk.

  • Approved Petroleum Engineers means (a) Netherland, Xxxxxx & Associates, Inc., (b) Xxxxx Xxxxx Company Petroleum Consultants, L.P. and (c) any other independent petroleum engineers reasonably acceptable to the Administrative Agent.

  • Petroleum product means gasoline, gasoline−alcohol fuel blends, kerosene, fuel oil, burner oil, diesel fuel oil or used motor oil.

  • Petroleum Operations means, as the context may require, Exploration Operations, Development Operations or Production Operations or any combination of two or more of such operations, including construction, operation and maintenance of all necessary facilities, plugging and abandonment of Xxxxx, safety, environmental protection, transportation, storage, sale or disposition of Petroleum to the Delivery Point, Site Restoration and any or all other incidental operations or activities as may be necessary.

  • Oil means petroleum in any form including crude oil, fuel oil, sludge, oil refuse and refined products (other than petrochemicals which are subject to the provisions of Annex II of the present Convention) and, without limiting the generality of the foregoing, includes the substances listed in Appendix I to this Annex.

  • Automotive Wax, Polish, Sealant or Glaze means a product designed to seal out moisture, increase gloss, or otherwise enhance a motor vehicle’s painted surfaces. “Automotive Wax, Polish, Sealant or Glaze” includes, but is not limited to, products designed for use in autobody repair shops and “drive-through” car washes, as well as products designed for the general public. “Automotive Wax, Polish, Sealant or Glaze” does not include “Automotive Rubbing or Polishing Compounds”, automotive wash and wax products, surfactant-containing car wash products, and products designed for use on unpainted surfaces such as bare metal, chrome, glass, or plastic.

  • Solid film lubricant means a very thin coating consisting of a binder system containing as its chief pigment material one or more of molybdenum disulfide, graphite, polytetrafluoroethylene (PTFE) or other solids that act as a dry lubricant between faying surfaces.

  • Ultra Low Sulfur Diesel Fuel means diesel fuel that has a sulfur content of no more than fifteen parts per

  • Natural Gas or "Gas" shall mean natural gas, processed, unprocessed, vaporized liquid natural gas, synthetic gas, propane-air mixture or any mixture of these gases.

  • Transportation Company means any organization which provides its own or its leased vehicles for transportation or which provides freight forwarding or air express services.

  • Diesel means a distillate oil which can be used as fuel for the operation of a compression ignition engine and which has an approximate boiling temperature of between 150 °C to 400 °C;

  • Oil fuel means any oil used as fuel in connection with the propulsion and auxiliary machinery of the ship in which such oil is carried.