oil and gas terminology dictionary

Energy Information Administration Glossary; Institute of Petroleum Glossary Contribute. Live Search. Acidizing - A type of unconventional drilling technique used to access hydrocarbons from certain types of geologic formations, such as sandstone or carbonate. Boe Barrel of oil equivalent. The pH may range from 0 to 14, where 0 is most acidic, 14 most basic, and 7 is neutral. Oilfield Glossary of Terms. the term can be applied to trapped petroleum defined by a discovered discrete petroleum accumulation or play related to localised geological structural features and/or stratigraphic condition, typically with the accumulation bounded by a down-dip contact with an aquifer, and which is significantly affected by hydrodynamic influences such as the … Floating production, storage and offloading (FPSO) Provides alternative to pipeline to store oil production and load vessels for movement to markets. Find and download the United States Oil & Gas Abbrevations and acronyms. (2) The use of some method of abating pollution. Btu British thermal unit. A barrel is equal to 42 U.S. gallons. Bcf One billion cubic feet of natural gas volume. Get comprehensive definitions of drilling industry terms. The FAQ section will answer most of your questions, and you can also submit questions directly. The price of a barrel of reference Brent crude oil averaged $71 in 2021 (2020: $42). Reasons for abandoning are if a . Additionally, this glossary may be a valuable resource for educating key stakeholders within the oil and gas, utilities and mining industries, including . Oil and Gas Terminology This 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. Here are some of the terms you'll encounter… Authorization for Expenditure (AFE) - A document shown to investors in a well that will estimate drilling and completion costs. Common Oilfield Terms, Acronyms, and Slang. We also have a page of Oil and Gas Abbreviations and Acronyms. One British thermal unit is the amount of heat . Terminology B Barrel The basic unit for measuring oil. Natural waters . Oil and Gas Glossary of Terms. FAQ. Sample 3. Abbreviation for Premium . Arranged in alphabetical order, this book provides an understanding for those not fully in command of the language in every area of oil and gas. Continue. Market outlooks Report Global downstream outlook to 2035 July 1, 2021 - For the global refining market, recovery from the COVID-19 crisis will vary across regions and scenarios. FAQ. English for Oil and Gas: 35 Essential Terms for On and Off the Rig. Macroeconomic environment. Get comprehensive definitions of drilling industry terms. Oil and gas extraction companies around the world are investing heavily in digital oilfield technology to enhance oil and gas production. A project is economic when it has a positive undiscounted cumulative cash flow from the effective date of the evaluation, the net revenue exceeds the net cost of operation (i.e., positive . Unless otherwise indicated, natural gas volumes are stated at the legal pressure base of the state or area in which the reserves are located and at 60 degrees Fahrenheit and in most instances are rounded to the nearest major multiple. In such transactions, the owner almost . Types include remote gate valves, manual gate valves, and station block valves (for both suction and discharge). Oil & Gas Terminology. The Commission oversees activities from exploration and development, to pipeline transportation and reclamation. Casing PointThe point at which a well has been drilled to the desired depth and the owners must decide whether or not to place production pipe, called casing, in the hole and proceed to complete and equip the well for production. the seller nominates the volumes of gas available. Glossary. Pronounced "B-O-P", not "bop", a device connected to . The objective of this glossary is to provide our clients with a useful reference guide to the language of commodity trading and risk management. gas oil synonyms, gas oil pronunciation, gas oil translation, English dictionary definition of gas oil. In context of oil consumption, the definition from World Energy Outlook (A.6) is used: crude oil, condensates, natural gas liquids, refinery feedstocks and additives, other hydrocarbons and petroleum products (refinery gas, ethane, LPG, aviation gasoline, motor gasoline, jet fuels, kerosene, gas/diesel oil, heavy fuel oil, naphtha, white spirit, lubricants, bitumen, paraffin waxes, petroleum . May 4th, 2018 - Home » About Oil » Oil amp Gas Dictionary Oil amp Gas Dictionary of Historical Terminology LUBE LINGO by Roxannne Hitchcock Published by Oil Region Books Oil City PA' 'the oilfield glossary schlumberger oilfield glossary may 6th, 2018 - the oilfield glossary where the oil field meets the dictionary' 'Integrated Oil amp Gas Company Investopedia May 19th, 2010 - What is an . Download Petroleum Dictionary - Offline and enjoy it on your iPhone, iPad and iPod touch. Mostly coming from user contributions, it is contextual and is meant for indicative purposes only. The American Petroleum Institute is the primary trade association representing the oil and natural gas industry in the United States. Live Search. It may be Cap Gas or Solution Gas, the behaviour and treatment of which are different. Boed . Gravity is a widely used indicator of a crude oil's worth. Glossary. Associated Gas is gas which coexists with oil in a predominantly oil field. If your oil and gas job has you working on a pipeline, then these terms are good to know. Produced Water: Oil and Gas Terminology Glossary FACT SHEET Treatment step Removal efficiencies Description Technology Technology description Primary Influent - 500-10,000 ppm total O&G and 200-500 ppm total suspended solids (TSS) Typically removes a rough cut of TSS and free O&G API (which is the organization that established the specifications for the industry in the United States) Typically . The cable tool bit moves up and down to pulverize. Oil flows to the surface under natural mechanisms that include pressure from the expansion of natural gas as well as gravity drainage of oil from upper parts of the well and displacement of oil by water. Bits are designed on two basic and different principles. Gas prices on European spot markets rose sharply and were at an all-time high at the end of 2021. Please email support@platts.com to let us know if there is an entry you would like us to add, clarify or expand, or if you think we have made a mistake in any of our definitions. Contribute. The definitions used in this glossary are based upon those which have been observed in the public domain, including academic papers, industry experience and member companies' experts. Excellent, in-depth lists for further studying include: "Glossary of Terms Used in the Petroleum Industry " by BCAFC "Oil and Gas Industry Glossary of Selected Terms" by DWA Energy Limited "Glossary of Oil and Gas Terms" by ConocoPhillips . In the same way general economic and financial terms regularly used in the industry are explained specifically for . Primary extraction is able to recover 5 to 15% of the total amount of petroleum within a well. Browse the IADC Lexicon alphabetically or by category. Receive quarterly updates on recent reports and articles from McKinsey's Oil & Gas Practice. 1 PetroWiki glossary 2 C 3 K 4 M 5 O 6 P 7 S PetroWiki glossary PetroWiki glossary C Colorado Oil and Gas Conservation Commission (COGCC) glossary ConocoPhillips glossary PDF K Kansas Independent Oil and Gas Association (KIOGA) glossary M MineralWise glossary O Oil Gas glossary Oil and Gas UK glossary This is not meant to be an exhaustive glossary, but contains many of the words used in the industry and on this website and is provided for your . Need help using the IADC Lexicon? Blow-Out Preventer Here's our quick oil and gas glossary to help you sort your coal bed methane from your LNG. This process forms hydrocarbons, which . Diluent Lighter viscosity petroleum products that are used to dilute bitumen for transportation in pipelines. Depending on their behavior on heating, they are classified as volatile or fixed. A glossary of keywords, acronyms and general terminology used in day-to-day professional work, compiled by Oil & Gas IQ. Contents 1 # 2 A 3 B 4 C 5 D 6 E 7 F 8 G 9 H 10 I 11 J 12 K 13 L 14 M 15 N 16 O 17 P 18 Q 19 R 20 S 21 T 22 U 23 V 24 W 25 X 26 Y 27 Z 28 See also Such substances, depending on their origin, are classified as animal, mineral, or vegetable oils. Dilbit (diluted bitumen) is a bitumen diluted with one or more lighter petroleum products called diluents, such as natural-gas condensates like naphtha. Since 1998, the Oilfield Glossary has been helping technical generalists and experts alike increase their understanding of oilfield activities. Need help using the IADC Lexicon? According to the Pars Oil and Gas Company (POGC), Sirous Peykar, the project manager of the unit, said that the project had progressed 97 percent in the engineering section, 92 percent in items procurement section and 60% in its construction section. Also includes production delivered as royalty payments and production used as fuel on the lease. Glossaries and Dictionaries of Oil and Gas. Need help using the IADC Lexicon? Blow out Preventer . Oil gas synonyms, Oil gas pronunciation, Oil gas translation, English dictionary definition of Oil gas. EnergyNow.com offers a list of all the abbrevations you need to know. This causes the feed to crack, creating light oils. Gross withdrawals: Full well stream volume from both oil and gas wells, including all natural gas plant liquids and nonhydrocarbon gases after oil, lease condensate, and water have been removed. Dictionaries. Continue . A well found to be incapable of producing either oil or gas in sufficient quantities to justify completion as an oil or gas well Glossary of Reserves/Resources Terminology - 2005. It includes words and phrases describing professions, equipment, and procedures specific to the industry. An AFE can then be used as drilling occurs . Based on 3 documents. One of the more unusual oil and gas terms. A Abandon: To pause or stop drilling operations or production from a well. This list is meant for indicative purposes only and should not be relied upon for anything but general information. Contribute. Simply . El campo de petróleo y gas también son una popular. In traditional gas markets such gas would command a lower price than Non Associated Gas. Refer to the list below to learn more about the various terms used in the oil and gas industry. (1) The act or process of reducing the intensity of pollution. It stands for floating production storage and offloading (FPSO). Mathematically, pH is the logarithm (base 10) of the reciprocal of the hydrogen ion concentration. Bit A drilling tool that cuts the hole. Define gas oil. Oil Well Pressure and heat then changed some of this carbon and hydrogen-rich material into coal, oil, and natural gas. A. Browse the IADC Lexicon alphabetically or by category. These are some of the more common and basic terms you may need to know. Oil Gravity A measure of an oil's density. Scientific and engineering terms are explained specifically for those with no technical background. These are some of the most commonly used oil and gas terms. An acronym listing provides common abbreviations used by the Commission and the Regulations and Legislation page echoes the regulations and legislation applicants and permit holders must comply with depending on the oil and gas activity. BOPD. Also includes contact information for . To be able to work effectively in Oil & Gas Accounting, you need to understand some of the terminology for the oil & gas industry. Oil & Gas Drilling Glossary - IADCLexicon.org. Bcfe One billion cubic feet of natural gas equivalent. Simply fill out . Additives Specialty chemicals incorporated into fuels and lubricants that enhance the performance of the finished product. 1 Barrel of Oil 42 Gallons of oil are in a barrel. The oil and gas field are also a popular. MSDS Material Safety Data Sheet. Russian And English Glossary Of Oil And Gas Terms Author: blogs.sites.post-gazette.com-2022-04-06T00:00:00+00:01 Subject: Russian And English Glossary Of Oil And Gas Terms Keywords: russian, and, english, glossary, of, oil, and, gas, terms Created Date: 4/6/2022 5:55:55 PM Continue. n a fuel oil obtained in the distillation of petroleum, intermediate in viscosity and boiling point between paraffin and lubricating oils. See also: Oil Webster's Revised Unabridged Dictionary, published 1913 by G. Skin Design: Charm Skins . oil gas: [noun] gas (as blau gas or Pintsch gas) made usually by vaporizing and cracking a petroleum distillate (as a heavy oil) — compare carbureted water gas, gas oil. If you would like to add to, edit or comment on this page, please drop us a line at enquire@oilandgasiq.com. It may also include slang terms used by oilfield workers to describe the same. Back to top. Petroleum, a general term used for oil and natural gas, plays an important role in our community. The scale is calibrated in terms of degrees API and is calculated using the following formula: °API = (141.5 / Specific gravity at 60/60°F) minus 131.5 This formula allows representation of the specific gravity of oils, which is on the 60/60°F scale (density of substance at 60°F divided by the density of pure water at 60°F). Channel Glossary. CLEAR TITLE: A clear title is a chain of title without any kind of lien or levy from creditors or other third parties and poses no question as to legal ownership. That's why we put together the Natural Gas Glossary to help you find the words you need to understand the industry. Oilfield terminology refers to the jargon used by those working in fields within and related to the upstream segment of the petroleum industry. N Net production This helpful reference contains over 12,000 definitions of terms used in petroleum geology, exploration, drilling, production, pipelining, processing, refining, accounting, and marketing. Natural gas: Natural gas is a major energy source around the world, accounting for 21 per cent of the world's energy supply in 2010. BOEs are determined using the ratio of six Mcf of natural gas . For specific oils . Glossary. (1) Oil production is measured and reported in barrels, or "bbl." Production rates are typically reported in terms of barrels per day, which may be abbreviated in several different ways . For the purchase of oil and gas they are still needed. Global Oil & Gas Upstream Activities Markets Report, 2014-2018 & 2019-2022 Peng BoFPSO in Bohai Bay, China Fugitive Emissions Diluting bitumen makes it much easier to transport, for example in pipelines. Gas has been produced from this formation for several decades primarily via vertical, rather than horizontal, wells . RSS Feed (xml) Credits Oil and Gas Glossary Oil & Gas Job Opening. Oil and Gas 101. The following are abbreviations and definitions of terms commonly used in the oil and gas industry and this website. It boils above. Bbl One barrel of crude oil or NGL or 42 gallons of liquid volume. Produced Water: Oil and Gas Terminology Glossary FACT SHEET Treatment step Removal efficiencies Description Technology Technology description Primary Influent - 500-10,000 ppm total O&G and 200-500 ppm total suspended solids (TSS) Typically removes a rough cut of TSS and free O&G API (which is the organization that established the specifications for the industry in the United States) Typically . It is a general contract and does not guarantee work, but does outline the terms of the relationship. Live Search. It involves pumping an acidic solution into a well in order to increase production (by increasing permeability of the formation). energy terms Acreage Land leased for oil and gas exploration and production. Shale Gas Glossary Acquifer - A single underground geological formation, or group of formations, containing water. A big bear is a hitch (a period of work on an oil rig) that lasts a minimum of 50 straight days. Become a Lexicon Contributor. The rotary bit revolves to grind. To simplify things, we've compiled a glossary of the most important terms related to drilling and to the oil and gas industry. A. AC: Alternating Current ACBM: Acronym for "asbestos-containing building material." Account classification: The way in which suppliers of electricity, natural gas, or fuel oil classify and bill their customers.Commonly used account classifications are "Residential," "Commercial," "Industrial," and "Other." Suppliers' definitions of these terms vary from supplier to supplier. Coke - solid, densely packed carbons - builds up in the reactors of the unit and periodically needs to be removed. Oil & gas Career. The complexities of the oil and gas industry can make keeping up with all the terms and definitions related to drilling difficult. In other words, you are the rightful owner and there are not any legal judgments tied to the . Petroleum can occur in the earth in liquid, gas, or solid form. Get comprehensive definitions of drilling industry terms. It's made of a variety of compounds (see below), but methane is by . Oil & Gas Book, MAP, Software. It covers and explains three areas. The significant price increases in the second half of 2021 were driven by the very strong recovery in global macroeconomic demand. Heating value (natural gas): The average number of British thermal units per cubic foot of natural gas . A best-selling resource for all industry personnel. A Dictionary for the Oil and Gas Industry, 2nd Ed. This glossary was developed to support the oil and gas industry and other stakeholders in the use of consistent terminology around net-zero emissions. Sample 1. A best-selling resource for all industry personnel. Over time, these layers became buried under sand, silt, and rock. A fuel source (such as oil, condensate, natural gas, natural gas liquids or coal) formed in the earth from plant or animal remains. Oil & Gas Training. Obviously, this list is not anywhere near exhaustive or definitive, but this should be the most comprehensive list anywhere. DEFINITION. FAQ. Subscribe. At production or shortly after, the gas separates from the oil. BASIN: A large bowl shaped depression in the subsurface under the land that has the potential to contain Oil & Gas. Barrels of oil-equivalent A unit of measure to quantify crude oil, natural gas liquids and natural gas amounts using the same basis. Natural gas volumes are converted to barrels on the basis of . Associated gas will normally be sold as "sellers' nomination" gas, i.e. GLOSSARY: Floating production storage and offloading (FPSO) At its core, an FPSO facilitates the processing and storage of oil and gas at sea. Contents 1 Examples A bean choke or fixed choke is used to control the flow of fluids and is usually mounted onto or close to a Christmas tree. A-Z. Antrim Shale - A shale deposit located in the northern Michigan basin that is a Devonian age rock formation lying at a relatively shallow depth of 1,000 feet. An oil refining unit in which heavy feed such as flasher bottoms, cycle oil from a fluid catalytic cracker, or thermal cracked gas oil is subjected to high temperatures. We know there are a terms related to the natural gas industry. This glossary contains commonly used terms in oil and gas leasing and exploration activities. Continue. An oilfield term for a contract between a producer or other entity and its suppliers or service providers. Oil flows to the surface under natural mechanisms that include pressure from the expansion of natural gas as well as gravity drainage of oil from upper parts of the well and displacement of oil by water. These vessels are used extensively by the offshore industry and have become one of the primary methods of oil and gas processing and storage. Sometimes called 'carbon sequestration', this is the long-term storage of carbon or CO2 in the forests, soil, ocean, or underground in depleted oil and gas reservoirs, coal seams, and saline aquifers. The meaning of GAS OIL is a hydrocarbon oil used as a fuel oil; especially : a petroleum distillate intermediate in boiling range and viscosity between kerosene and lubricating oil. Glossary of Oil and Gas Terms. Natural gas is an odourless, colourless gas, largely formed over millions of years underground. glossary of oil and gas, utilities and mining commodity trading and risk management terms. Barrels of oil produced per day. oil [oil] 1. an unctuous, combustible substance that is liquid, or easily liquefiable, on warming, and is not miscible with water, but is soluble in ether. Features over 540 2-color illustrations and an easy-to-use format. Para la compra de petróleo y gas todavía se necesitan. GLOSSARY 4 Oil & Gas Materials/ Equipment Market Price. The FAQ section will answer most of your questions, and you can also submit questions directly. Continue. Primary extraction is able to recover 5 to 15% of the total amount of petroleum within a well. En esta fase, producimos hidrocarburos (petróleo y gas). What does gas-oil mean? Find and download the United States Oil & Gas Abbrevations and acronyms. Oil & Gas Drilling Glossary - IADCLexicon.org. Glossary. Glossary. This helpful reference contains over 12,000 definitions of terms used in petroleum geology, exploration, drilling, production, pipelining, processing, refining, accounting, and marketing. Using our oil and gas glossary dictionary, learn the definitions of industry terms such as acidizing, blowout preventer, hydraulic fracturing, tie-ins, and many more. Browse a comprehensive alphabetized list of natural gas terminology. Continue . Subscribe. Browse the IADC Lexicon alphabetically or by category. The oil and gas industry uses many jargons, acronyms and abbreviations. Find Definition. E Economic. Oil and Gas Interest means the ownership of, or an interest in, oil and gas or a right to drill for, take, win, gain and remove oil and gas from land, whether the ownership, interest or right is acquired by lease, grant, assignment or otherwise, but does not include. BHA Bottom Hole Assembly The BHA is found at the bottom of the drill string and is made up of all different configurations of tools, but will most commonly contain, a drillbit, mud motor, directional drilling tools, drill collars, etc. EnergyNow.com offers a list of all the abbrevations you need to know. Read reviews, compare customer ratings, see screenshots and learn more about Petroleum Dictionary - Offline. An oily liquid obtained in the fractional distillation of petroleum, boiling between the kerosene and lubricating oil fr. pH: pH is an expression of the intensity of the basic or acidic condition of a liquid. The following are abbreviations and definitions of terms commonly used in the oil and gas industry. Over millions and millions of years, the remains of plants and animals (organic matter) built up in thick layers on the earth's surface and ocean floors. Many of these terms are interesting and unique to the drilling industry. Bentonite . A Dictionary for the Oil and Gas Industry, 2nd Ed. Abbreviations and Acronyms to recover 5 to 15 % of the basic acidic. A general contract and does not guarantee work, compiled by oil & ;! Unit of measure to quantify crude oil or NGL or 42 Gallons of liquid.! Are different 2020: $ 42 ) primary extraction is able to recover 5 to 15 of... 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Thermal units per cubic foot of natural gas ) is meant for indicative purposes only same basis the and. Channel Glossary the United States 42 Gallons of Water are in a barrel mathematically, pH is an of! Cubic feet of natural gas submit questions directly 42 Gallons of oil and gas leasing and exploration.. Specific to the language of commodity trading and risk management driven by the very recovery!

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