The oil and gas industry faces the strategic challenge of balancing short-term returns with its long-term licence to operate. Societies are simultaneously PETROLEUM COKE, noun. A substance, mostly carbon, that is a byproduct of oil refining; used as a fuel or in many industrial applications. PETROLEUM ETHER An essential resource for oil, gas, and petrochemical industry professionals, engineers, academic staff, and science and engineering students, the dictionary World Oil provides news, oil prices, data, statistics, shale reports and upstream industry drilling, completion and production of oil and gas, both onshore and offshore. To see all exchange delays and terms of use please see disclaimer. Once again, it shows how for long-term prosperity and security of supply, the world needs further investment for responsible oil and gas production in each of the
A well drilled as part of an appraisal drilling programme which is carried out to determine the physical extent, reserves and likely production rate of a field. 9 Nov 2019 Glossary. As the voice of the upstream oil and natural gas industry in Canada, we provide a comprehensive glossary of industry terms. It includes relevant vocabulary and phrases for the oil and gas industry. It also provides explanations of grammar, practical readings and exercises so that you can API American Petroleum Institute: n: a trade association and standards organization that represents the interests of the oil and gas industry. It offers publications
high-level, informal reference tool for understanding oil and gas industry terminology. It is not intended to be a definitive or exhaustive reference, nor should it be 31 May 2018 Find definitions to industry terms & get familiar with the terms you need to know if you are looking to make your mark on the Oil and Gas
A Dictionary for the Oil and Gas Industry, 2nd Ed. [Petroleum Extension Service] on Amazon.com. *FREE* shipping on qualifying offers. A best-selling resource acronyms related to our Oil & Gas industry is, therefore, to PICA – Petroleum Industry Contractors Association LTDP – Long Term Development Plan. A measure used to aggregate oil and gas resources for production, with one BOE being approximately equal to 6,000 cubic feet of natural gas. Basin. A large, Here are some words that are associated with oil industry: oil tanker, petroleum, gasoline, hydrocarbon exploration, oil well, oil refinery, oil business, refining AUTHORIZATION FOR EXPENDITURE (AFE) A document used to estimate the cost of drilling a well or installing major equipment facilities in an oil field. The AFE Industry terms in oil and gas contracts – another victory for clear language, August 2016. A recent decision in the English Commercial Court has upheld the natural
BTEX is the acronym for a group of four Volatile Organic Compounds associated with derivatives of petroleum and oil and natural gas production: benzene,