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Firm services, also called uninterruptible services, are services, such as electricity (firm power [1]) and natural gas supplies, that are intended to be available at all times during a period covered by an agreement. Also, the service is not subject to a prior claim from another customer and receives the same priority as any other firm service.
The oil and gas industry operates in countries throughout the world in accordance with a number of different types of agreements. These agreements generally fall into one of four categories (or a combination of the categories): risk agreements, concessions, production sharing agreements (PSAs, also known as production sharing contracts, PSCs) and service contracts.
A standard form contract (sometimes referred to as a contract of adhesion, a leonine contract, [a] a take-it-or-leave-it contract, or a boilerplate contract) is a contract between two parties, where the terms and conditions of the contract are set by one of the parties, and the other party has little or no ability to negotiate more favorable terms and is thus placed in a "take it or leave it ...
Although gas prices continue dropping in the U.S., we are still facing record-high prices that exceed last summer's national average, according to AAA. If you are wondering about ways to get free ...
The 2021 United Kingdom fuel supply crisis was a period of a few weeks in which petrol stations in some parts of the UK ran out of fuel. In September 2021, almost 21 years since the last fuel crisis, which took place in September 2000, panic buying of fuel was reported to be caused by media reports of a leaked government briefing discussing the ...
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Some military services (e.g., in the U.S. and the UK) use the term standing operating procedure, [2] since a military SOP refers to a unit's unique procedures, which are not necessarily standard to another unit. The word "standard" could suggest that only one (standard) procedure is to be used across all units. [citation needed]
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