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Loose tomatoes for sale at a UK greengrocer in 2013, dual-priced in imperial (£0.99 /lb) and metric (£2.18 /kg) units. Signs like these do not comply with legislation, as metric prices must not be less prominent. [1] [2] Metrication is the act or process of converting to the metric system of measurement.
Petroleum Revenue Tax (PRT) is a direct tax collected in the United Kingdom.It was introduced under the Oil Taxation Act 1975, soon after Harold Wilson's Labour government returned to power and in the immediate aftermath of the 1973 energy crisis, and was intended to ensure "fairer share of profits for the nation" from the exploitation of the UK's continental shelf, while ensuring a "suitable ...
For gas metering, gas orifice meters and ultrasonic flow meters are most common. [34] Coriolis meters are in use for liquid measurements, but can also take gas measurement applications. [35] For the application of allocation measurements, multiphase flow meters have been adopted, especially for subsea production systems. These equipments are ...
An underpinning factor in the dash for gas was the recent development of North Sea gas. In 1990, gas turbine power stations made up 5% of the UK's generating capacity. By 2002, the new CCGT power stations made up 28% UK generating capacity; gas turbines accounted for a further 2%. It is estimated the Dash for Gas cost £11bn. [1]
A fuel tax (also known as a petrol, gasoline or gas tax, or as a fuel duty) is an excise tax imposed on the sale of fuel. In most countries the fuel tax is imposed on fuels which are intended for transportation. Fuel tax receipts are often dedicated or hypothecated to transportation projects, in which case the fuel tax can be considered a user ...
This is country specific for UK, it is a tax of 30%. A 'ring fence' prevents taxable profits from being reduced by losses that the oil company experiences from other activities. [9] Environment fees. According to Norwegian fiscal regime, a CO 2 tax is paid per volume liquids and gas burnt or emitted directly to air on the continental shelf. It ...
The oil and gas industry in the United Kingdom produced 1.42 million BOE per day [4] in 2014, of which 59% [4] was oil/liquids. In 2013 the UK consumed 1.508 million barrels per day (bpd) of oil and 2.735 trillion cubic feet (tcf) of gas, [5] so is now an importer of hydrocarbons having been a significant exporter in the 1980s and 1990s.
Dependant of implied standards, this measure may represent different value of energy content. According to the standard defined by the International Energy Agency , it corresponds in average to 38.2 petajoules (1.06 × 10 10 kWh) of energy in the case of Russian natural gas and 41.4 petajoules (1.15 × 10 10 kWh) of energy in the case of Qatar ...