Oil and gas business dictionary
Thus porosity measures the capacity of the rock to hold natural gas, crude oil or water. Primary Recovery The production of oil and gas from reservoirs using the natural energy available in the reservoirs and pumping techniques. Produced Water Water naturally present in the reservoir that is recovered during oil and gas production. Prorationing T his glossary of common oil and gas terms and definitions will aid newcomers as well as experienced royalty owners or mineral owners with the terminology used in the Oil and Gas industry. We also have a page of Oil and Gas Abbreviations and Acronyms. These are some of the most commonly used oil and gas terms. The oil and gas industry uses many acronyms and abbreviations. This list is meant for indicative purposes only and should not be relied upon for anything but general information. 1C – Proved Contingent Resources; 1oo2 – One out of two voting (instrumentation) 1P – Proven A measure of the ability of a colloidal dispersion to develop and retain a gel form, based on its resistance to shear. The gel, or shear, strength of a drilling mud determines its ability to hold solids in suspension.
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A marketing company that buys and resells gas and is owned . 2 Glossary of Industry Terms butylene to yield a high octane gasoline blending component called alkylate. Alkylate mostly upstream oil companies that works for the common goals of the oil industry. API Gravity: Industry scale expressing the gravity or density of liquid petroleum . One barrel of crude oil or NGL or 42 gallons of liquid volume. Bcf One billion cubic feet of natural gas volume. Bcfe One billion cubic feet of natural gas equivalent. Boe Barrel of oil equivalent. Btu British thermal unit. One British thermal unit is the amount of heat required to raise the temperature of one pound of water by one degree Fahrenheit. The Platts industry glossary covers common terms and abbreviations from the oil, power, petrochemicals, nuclear, gas, coal and metals markets and industries. Natural gas marketed production: Gross withdrawals of natural gas from production reservoirs, less gas used for reservoir repressuring, nonhydrocarbon gases removed in treating and processing operations, and quantities vented and flared. Natural gas marketer: A company that arranges purchases and sales of natural gas. Unlike pipeline companies When referring to the oil and gas industry, this term indicates the refining and marketing sectors of the industry. More generically, the term can be used to refer to any step further along in the process from “upstream”crude oil and natural gas production.
When referring to the oil and gas industry, this term indicates the refining and marketing sectors of the industry. More generically, the term can be used to refer to any step further along in the process from “upstream”crude oil and natural gas production.
The Schlumberger Oilfield Glossary has received Awards of Excellence from the Business Marketing Association and the Society for Technical Communication. Launched in 1998, the Oilfield Glossary, which includes more than 4600 entries, continues to expand and improve. A Dictionary for the Oil and Gas Industry Pages Exploration and production transactions between partners, governments and lease-holders require a common vocabulary. Expectations between parties, expiration dates and lease terms must be specified explicitly to carry out oil and gas ventures. Definitions within this discipline span a broad range of terms that are specific to the oil industry,
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A marketing company that buys and resells gas and is owned . 2 Glossary of Industry Terms butylene to yield a high octane gasoline blending component called alkylate. Alkylate mostly upstream oil companies that works for the common goals of the oil industry. API Gravity: Industry scale expressing the gravity or density of liquid petroleum . One barrel of crude oil or NGL or 42 gallons of liquid volume. Bcf One billion cubic feet of natural gas volume. Bcfe One billion cubic feet of natural gas equivalent. Boe Barrel of oil equivalent. Btu British thermal unit. One British thermal unit is the amount of heat required to raise the temperature of one pound of water by one degree Fahrenheit.
A company that participates in every aspect of the oil or gas business, which includes the discovering, obtaining, producing, refining, and distributing oil and gas.
15 Nov 2016 Responsibility proffered in the Business Dictionary (2016a) ―the the oil and gas industry as a whole (Ololube, Ajayi, Kpolovie & Usoro, 2012; 1 Jan 2010 In some cases, oil, gas and mining companies are subject to the general corporate income tax rate prevailing for all businesses in a country; Ghana's oil and gas sector is being developed at a rather complex period in with the people who live in the area in which it operates (Cambridge Dictionaries. Dictionaries & Glossaries related to Oilfield and petroleum industry are available free download. A Dictionary for Oil & Gas Well Drilling Illustrated Glossary zip. Find more terms and definitions using our Dictionary Search. Integrated Operations in the Oil and Gas Industry: Sustainability and Capability Development. The Digital Oilfield technology got adopted in early 2000 in the oil and gas industry. With the increase in technology and globalization, the business needed a wide Your local business directory in Oman. Find local business listings of companies in Oman. Find phone numbers, store locations, addresses for businesses in
A Dictionary for the Oil and Gas Industry Pages Exploration and production transactions between partners, governments and lease-holders require a common vocabulary. Expectations between parties, expiration dates and lease terms must be specified explicitly to carry out oil and gas ventures. Definitions within this discipline span a broad range of terms that are specific to the oil industry, Definition of integrated oil & gas company: A company that participates in every aspect of the oil or gas business, which includes the discovering, obtaining, producing, refining, and distributing oil and gas.