Oil and gas industry terminology

Sales made freely in the open market, in freely convertible currencies, between willing and The production of Crude Oil or Condensate or Natural Gas or any  Barrel (BBL): A unit of volume measurement used for petroleum and its products or water used or produced by the industry (1 barrel = 42 gallons). Barrel of oil  2 Jun 2006 The oil and gas industry has two main sectors: an upstream (oil and gas producing) sector and a downstream (refining, petrochemical 

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 glossary of commonly used oil and gas terms. well as experienced royalty owners or mineral owners with the terminology used in the Oil and Gas industry. A company involved in virtually all aspects of the oil and gas industry including exploration, production, transportation, refining and marketing. These companies   Also used in the context of field abandonment. Associated gas. Natural gas produced with crude oil from the same reservoir. Annex B Operator's development plan 

20 Nov 2019 The industry consists of three major sectors: upstream, midstream and downstream. Upstream companies find the oil and gas and bring it to the 

9 Sep 2009 A solid petroleum residue, similar to bitumen, tar and pitch. Associated gas. Natural gas which is in contact with crude oil in the reservoir or which  6 Dec 2017 Downstream – Industry sector that includes refineries, processing plants or distribution companies that process oil and gas minerals into  API: American Petroleum Institute, a petroleum industry association that sets standards for oil field equipment and operations. API Gravity: The gravity (weight per  single, commonly accepted definition in the petroleum industry. Therefore, some firms within the industry may use definitions which vary somewhat from those  acronyms related to our Oil & Gas industry is, therefore, to PICA – Petroleum Industry Contractors Association T&C - Terms & Conditions of a contract.

Domestic oil and gas reserves production and investment resources, a glossary of the oil and gas industry specific terms.

9 Nov 2019 A well that is currently producing oil or natural gas. API Gravity: A measure of the relative density of a petroleum liquid. If one petroleum liquid  The API publishes weekly statistics on the petroleum industry. API gravity: the universally accepted scale adopted by the API for the measurement of crude oil  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 glossary of commonly used oil and gas terms. well as experienced royalty owners or mineral owners with the terminology used in the Oil and Gas industry. A company involved in virtually all aspects of the oil and gas industry including exploration, production, transportation, refining and marketing. These companies   Also used in the context of field abandonment. Associated gas. Natural gas produced with crude oil from the same reservoir. Annex B Operator's development plan  3 Mar 2017 The oil and gas industry generates hundreds and thousands of job opportunities all around the world. It is a key sector for individuals who have 

24 Mar 2019 terms and phrases used in today's international oil and gas industry. Written by a leading expert in the field, this portable, concise and 

The Platts industry glossary covers common terms and abbreviations from the oil, power, petrochemicals, nuclear, gas, coal and metals markets and industries.

Members of the oil and gas industry are participating in, and will continue to take part in these discussions as they aspire to earn a social license to operate.

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. Oil and Gas Terminology 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. List of abbreviations in oil and gas exploration and production. Jump to navigation Jump to search. The 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. Oil Gas Technical Terms Glossary July-11; Schlumberger

Oilfield terminology refers to the jargon used by those working in fields within and related to the upstream segment of the petroleum industry. It includes words  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  9 Nov 2019 A well that is currently producing oil or natural gas. API Gravity: A measure of the relative density of a petroleum liquid. If one petroleum liquid  The API publishes weekly statistics on the petroleum industry. API gravity: the universally accepted scale adopted by the API for the measurement of crude oil  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 glossary of commonly used oil and gas terms. well as experienced royalty owners or mineral owners with the terminology used in the Oil and Gas industry. A company involved in virtually all aspects of the oil and gas industry including exploration, production, transportation, refining and marketing. These companies