Investigating the role of gas bubble formation and entrapment in contaminated aquifers: Reactive transport modelling

In many natural and contaminated aquifers, geochemical processes result in the production or consumption of dissolved gases. In cases where methanogenesis or denitrification occurs, the production of gases may result in the formation and growth of gas bubbles below the water table. Near the water table, entrapment of atmospheric gases during water table rise may provide a significant source of O(2) to waters otherwise depleted in O(2). Furthermore, the presence of bubbles will affect the hydraulic conductivity of an aquifer, resulting in changes to the groundwater flow regime. The interactions between physical transport, biogeochemical processes, and gas bubble formation, entrapment and release is complex and requires suitable analysis tools. The objective of the present work is the development of a numerical model capable of quantitatively assessing these processes. The multicomponent reactive transport code MIN3P has been enhanced to simulate bubble growth and contraction due to in-situ gas production or consumption, bubble entrapment due to water table rise and subsequent re-equilibration of the bubble with ambient groundwater, and permeability changes due to trapped gas phase saturation. The resulting formulation allows for the investigation of complex geochemical systems where microbially mediated redox reactions both produce and consume gases as well as affect solution chemistry, alkalinity, and pH. The enhanced model has been used to simulate processes in a petroleum hydrocarbon contaminated aquifer where methanogenesis is an important redox process. The simulations are constrained by data from a crude oil spill site near Bemidji, MN. Our results suggest that permeability reduction in the methanogenic zone due to in-situ formation of gas bubbles, and dissolution of entrapped atmospheric bubbles near the water table, both work to attenuate the dissolved gas plume emanating from the source zone. Furthermore, the simulations demonstrate that under the given conditions more than 50% of all produced CH(4) partitions to the gas phase or is aerobically oxidised near the water table, suggesting that these processes should be accounted for when assessing the rate and extent of methanogenic degradation of hydrocarbons.     

Salps in the Lazarev Sea,Southern Ocean: I. Feeding dynamics

Feeding dynamics of the Antarctic salps Ihlea racovitzai and Salpa thompsoni were studied in the Lazarev Sea in fall 2004, summer 2005–2006 and winter 2006. Pigment concentrations in the guts of both species were positively correlated with ambient surface chlorophyll a (chl a). No evidence was found for salp clogging even at dense surface concentrations of up to 7 μg chl a L⁻¹. However, gut pigment concentrations had a lower range than ambient pigment concentrations, suggesting that salps increased retention times of ingested material in low-food environments. For medium-sized I. racovitzai and S. thompsoni, estimated individual daily rations reached 7–10 and >100% of body carbon in winter and summer, respectively. Daily respiratory needs of I. racovitzai and S. thompsoni accounted for 28 and 22% of daily carbon assimilation based on pigment ingestion rates in winter, and for 2 and 1% in summer, respectively. The grazing impact of the salp populations on the phytoplankton standing stock was negligible during all seasons due to generally low salp densities. Fatty acid trophic biomarkers in the salps suggest high year-round contributions of flagellates and modest contributions of diatoms to the salp’s diet. These markers showed low seasonal variability for I. racovitzai. The more pronounced seasonality of trophic markers in S. thompsoni were likely related to their generally deeper residence depth in winter linked to a seasonal alternation of sexual and asexual generations.     

The impact of commodity price risk management on the profits of a company

It is well recognized that for the producing companies hedging the commodity price using financial products like forwards or futures has become an important part of the company's production process. But apart from the direct impacts of hedging on the production and hedging costs the use of financial products affects the financing of the company: hedging the volatile commodity prices leads to a reduction of the risk premium the company has to pay for its debt capital, since hedging contributes to more confidence of the investors in the redemption of the debt. In this paper we therefore analyze this dependency of hedging and financing and derive optimal hedging extents for companies in different market situations based on a long-term model. By hedging the commodity price, companies can realize a surplus in profits. Thereby, the optimal hedging extent for a monopolist is often up to 100%, whereas for companies in a polypolistic market the optimum is always less than 100%. These results are illustrated by examples for a producing company.