Hydrocarbons Act definition

Hydrocarbons Act means the Ley 34/1998, of 7 of October del Sector de Hidrobcarburos (Hydrocarbons' Sector Act) as amended from time to time; 8.1.5. “Liquefied Natural Gas” or “LNG” means Natural Gas in a liquid state at or below its boiling point and at or near a pressure of approximately one (1) atmosphere absolute. 8.1.6. “Negative Imbalance Price”” means the price, as defined in Article 8.7 of the Balancing Circular, that would have been chargeable in respect of a Day by the Network Operator under the Master Agreement to a User with a negative daily imbalance, assuming the User has a tolerance in the Balancing Zone, as applicable, of zero per cent; 8.1.7. “Positive Imbalance Price” means the price, as defined in Article 8.7 of the Balancing Circular, that would have been payable in respect of a Day by the Relevant Network Operator under the Master Agreement to a User with a positive daily imbalance, assuming the User has a tolerance in the Balancing Zone, as applicable, of zero per cent and that the User has not booked a Self-Generated Additional Capacity Contract; con las Transacciones TVB también se compensarán unos con otros, pero salvo que así se acuerde y se refleje en la Parte II de este Apéndice TVB, los pagos en relación con los Contratos Individuales de Gas Natural no se compensarán con los pagos en relación con las Transacciones TVB.” 8. Anexo 1 – Términos Definidos A efectos de las Transacciones TVB, el Anexo 1 del Acuerdo General será modificado como sigue: 8.1 insertando las definiciones siguientes: 8.1.1. “Circular de Balance” significa la Circular 2/2020, de 9 de enero, de la Comisión Nacional de los Mercados y la Competencia, por la que se establecen las normas de balance de gas natural, según sea modificada o reemplazada de vez en cuando; 8.1.2. “Área de Balance” designa el área de balance dentro del TVB o Tranque Virtual de Balance de Enagás GTS; 8.1.3. “Enagás GTS” significa Enagás GTS, SAU o cualquier sucesor; 8.1.
Hydrocarbons Act means the Ley 34/1998, of 7 of October del Sector de Hidrobcarburos (Hydrocarbons' Sector Act) as amended from time to time;
Hydrocarbons Act means the Ley 34/1998, of 7 of October del Sector de Hidrobcarburos (Hydrocarbons' Sector Act) as amended;

Examples of Hydrocarbons Act in a sentence

  • The representatives of this National Office explained to the company that when they decide to assign the rights, they must request authorization from the Ministry of Energy and Mines; otherwise, any participation of City Investing Company in the current contract would be null and void, as stipulated by Executive Decree No. 809 that issued the Regulations for Article 79 of the Hydrocarbons Act, published in Official Gazette No. 197 of May 31, 1985.

  • Pursuant to Article 28 of the Hydrocarbons Act the Licensee is liable for any damage caused by its exploration, exploitation and production activities or the non-performance thereof, including environmental damage, regardless of whether the damage can be proved to be culpable.

  • With regard to the legal restrictions on the purchase or sale of shares in the capital, under Supplementary Provision 11th to the Hydrocarbons Act 34/1998, as drafted in Royal Decree-Law 4/2006 of February 24, prior administrative authorisation by the Comisión Nacional de Energía must be sought for certain acquisitions or investments in companies that engage in regulated activities or activities subject to significant oversight by administrative bodies that implies special regulation.

  • The licensee is under obligation, at all times, to provide the representatives of the National Energy Authority and the consultation group supervising prospecting, exploration and production of hydrocarbon in Iceland, as provided for in Article 24 of the Hydrocarbons Act, access to vessels, offshore facilities and other installations connected with the hydrocarbon production of the licensee.

  • The fees which are described in this section are subject to changes in the Hydrocarbons Act.

  • Article 28 of the Hydrocarbons Act states that “[t]he holders of prospecting licenses or exploration and production licenses will be liable for damages under this Act for any loss or damage caused by hydrocarbon activity, including environmental damage, regardless of whether the loss or damage was caused by culpable conduct or not”.

  • In addition to the abovementioned Hydrocarbons Act and regulations, the Agreement of 22 October 1981 between Norway and Iceland on the Continental Shelf Between Iceland and Jan Mayen, the Agreement between Norway and Iceland concerning transboundary hydrocarbon deposits of 3 November 2008 and the Agreed Minutes of the same date concerning the Right of Participation pursuant to Art.

  • Flaring of this Associated Natural Gas will be permitted only in accordance with the Hydrocarbons Act and will be subject to the approval of the Ministry.

  • Economic Development Strategy- Development On 17 August 2011, Council’s Auckland Future Vision Committee endorsed the release of the draft Economic Development Strategy (EDS) for public consultation from 20 September to 25 October, 2011, alongside the draft Auckland Plan, City Centre Masterplan and Waterfront Plan.

  • If the licence is extended for production purposes, the NEA shall be paid ISK 1,350,000 in accordance with Point 3, Paragraph 3 of Article 30 of the Hydrocarbons Act.


More Definitions of Hydrocarbons Act

Hydrocarbons Act means the Ley 34/1998, of 7 of October del Sector de Hidrobcarburos (Hydrocarbons' Sector Act), as amended from time to time; 9.1.4 “MS-ATR”: means secondary market platform within the SL-ATR. 9.1.5 "Network Operator" shall mean Enagás GTS SAU or its successors as operator of the national transportation gas network in Spain; 9.1.6. “NGTS” means Normas de Gestión Técnica del Sistema (System Technical Operation Network Code), as set out in Orden ITC/3126/2005, of 5 October, as amended from time to time; 9.1.7 “SL-ATR” means Sistema Logístico de Acceso de Terceros a la Red (Logistic System for Third Party Access to the Network), set out in the NGTS, which is the communication electronic system operated by the Network Operator; 9.1.8 “Time Limit” means time limit set out in the NGTS to nominate or renominate in the SL-ATR; 9.1.9 “Unit Value(s)” means the various monetary values agreed on an individual basis from time to time by the Parties for the purposes of § 8.1 (Underdelivery ), § 8.2 (Under Acceptance), § 8.3 (Overdelivery) and § 8.4 (Over Acceptance) of the General Agreement and expressed either as a percentage of the Contract Price or as a Euro/kWh amount; 9.2 by the amendment of the following definitions: 9.2.1 "Taxes" means any tax, levy, impost, duty, charge, assessment, royalty, tariff, fee, regulated toll, loss or charge (peajes, mermas y cánones regulados) of any nature (including interest, penalties and additions thereto) that is imposed by any government, ministry, national regulator or other taxing authority in respect of any payment, nomination and allocation under any Individual Contract, on Natural Gas, or on the sale, transportation or supply of Natural Gas. For the avoidance of doubt Tax shall exclude (i) any tax on net income or net wealth; (ii) any tax on income derived from the exploration or exploitation of Natural Gas fields; (iii) a stamp, registration, documentation or similar tax, and (iv) VAT; and 9.1.2. “Transacción AOC” tiene el significado establecido en la Cláusula 2 de este Apéndice AOC; 9.1.

Related to Hydrocarbons Act

  • Hydrocarbons means oil, gas, casinghead gas, drip gasoline, natural gasoline, condensate, distillate, liquid hydrocarbons, gaseous hydrocarbons and all products refined or separated therefrom.

  • Gas Act means the Belgian Gas Law concerning the transportation of gaseous and other substances by pipeline of 12 April 1965, as amended from time to time.

  • Hydrocarbon means a compound consisting of hydrogen and carbon, which, when naturally occurring, may also contain other elements such as sulphur;

  • 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.

  • Total hydrocarbons (THC) means the sum of all volatile compounds measurable by a flame ionization detector (FID).

  • WHS Act means the Work Health and Safety Act 2011 (Qld) or the Work Health and Safety (National Uniform Legislation) Act 2012 (NT), where applicable. WHS EPH means Workplace Health and Safety Entry Permit Holders under the WHS Act. Workplace Impairment Policy and Procedures means the Workplace Impairment Policy and Procedures found in APPENDIX 4.

  • Controlled Substances Act means the Controlled Substances Act (21 U.S.C. Sections 801 et seq.), as amended from time to time, and any successor statute.

  • PPS Act means the Personal Property Securities Act 2009 (Cth).

  • OHS Act means the Occupational Health and Safety Act 2004;

  • Liquefied natural gas or “LNG” means natural gas that has been liquefied.

  • Oil and Gas Hedging Contracts means any oil and gas purchase or hedging agreement, and other agreement or arrangement, in each case, that is designed to provide protection against oil and gas price fluctuations.

  • Cannabis Act means An Act respecting cannabis and to amend the Controlled Drugs and Substances Act, the Criminal Code and other Acts, S.C. 2018, c. 16, as amended from time to time.

  • Petroleum Substances means petroleum, natural gas, natural gas liquids, related hydrocarbons and any and all other substances, whether liquid, solid or gaseous, whether hydrocarbons or not, produced or producible in association with any of the foregoing.

  • Mining Act means the Mining Xxx 0000;

  • Hydrofluorocarbons means compounds that only contain hydrogen, fluorine, and carbon.

  • Condensate means hydrocarbon liquid separated from natural gas which condenses due to changes in the temperature or pressure and remains liquid at standard conditions.

  • 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;

  • Regulated air pollutant means the following:

  • CFTC Regulations means the rules and regulations promulgated by the CFTC, as amended.

  • Petroleum liquids means crude oil, condensate, and any finished or intermediate products manufactured or extracted in a petroleum refinery.

  • FAIS Act means the Financial Advisory and Intermediary Services Act, 2002 (Act No. 37 of 2002);

  • Oil and Gas Properties means (a) Hydrocarbon Interests; (b) the Properties now or hereafter pooled or unitized with Hydrocarbon Interests; (c) all presently existing or future unitization, pooling agreements and declarations of pooled units and the units created thereby (including without limitation all units created under orders, regulations and rules of any Governmental Authority) which may affect all or any portion of the Hydrocarbon Interests; (d) all operating agreements, contracts and other agreements, including production sharing contracts and agreements, which relate to any of the Hydrocarbon Interests or the production, sale, purchase, exchange or processing of Hydrocarbons from or attributable to such Hydrocarbon Interests; (e) all Hydrocarbons in and under and which may be produced and saved or attributable to the Hydrocarbon Interests, including all oil in tanks, and all rents, issues, profits, proceeds, products, revenues and other incomes from or attributable to the Hydrocarbon Interests; (f) all tenements, hereditaments, appurtenances and Properties in any manner appertaining, belonging, affixed or incidental to the Hydrocarbon Interests and (g) all Properties, rights, titles, interests and estates described or referred to above, including any and all Property, real or personal, now owned or hereinafter acquired and situated upon, used, held for use or useful in connection with the operating, working or development of any of such Hydrocarbon Interests or Property (excluding drilling rigs, automotive equipment, rental equipment or other personal Property which may be on such premises for the purpose of drilling a well or for other similar temporary uses) and including any and all oil xxxxx, gas xxxxx, injection xxxxx or other xxxxx, buildings, structures, fuel separators, liquid extraction plants, plant compressors, pumps, pumping units, field gathering systems, tanks and tank batteries, fixtures, valves, fittings, machinery and parts, engines, boilers, meters, apparatus, equipment, appliances, tools, implements, cables, wires, towers, casing, tubing and rods, surface leases, rights-of-way, easements and servitudes together with all additions, substitutions, replacements, accessions and attachments to any and all of the foregoing.

  • Regulated NSR pollutant means the following:

  • Oil and Gas Business means the business of exploiting, exploring for, developing, acquiring, operating, producing, processing, gathering, marketing, storing, selling, hedging, treating, swapping, refining and transporting hydrocarbons and carbon dioxide and other related energy businesses, including contract drilling and other oilfield services.

  • FCC Regulations means the regulations duly and lawfully promulgated by the FCC, as in effect from time to time.

  • Hydrocarbon Interests means all rights, titles, interests and estates now or hereafter acquired in and to oil and gas leases, oil, gas and mineral leases, or other liquid or gaseous hydrocarbon leases, mineral fee interests, overriding royalty and royalty interests, net profit interests and production payment interests, including any reserved or residual interests of whatever nature.