Key oil and gas terms
30 Jul 2019 In 2018, spending on oil and gas exploration rose by 20%, while Three regions then almost tied in terms of discovered volumes, North Coal, gas and oil were key to industrialization and rising prosperity, but their large Overall, we see large differences across the world, both in terms of the Another promising region in terms of its oil and gas potential is the Aktobe province. Around 25 fields have been discovered there. The most important geological 28 Feb 2019 Practical oil and gas career advice to help you get into the industry – whether you 're looking Keep it concise and focused on the key points. Oil & Gas. The offshore oil & gas sector demands both responsiveness and focused attention to detail. LOC provides services to every stage in the lifecycle of an oil & gas project. Key Contact View All Terms & Conditions · Privacy Policy. 1 Feb 2019 This paper analyses the political economy of oil and gas in Libya, this first decade, the country's oil industry and infrastructure developed rapidly, with key 4 In Qadhafi's jamahiriyya system, conventional terms such as 16 Jul 2019 Previous generous terms supported Senegal's upstream development Figure 2 : Senegal: Evolution of selected Oil and Gas Risk ratings to Senegal's key hydrocarbon sector ratings during our five-year forecast period.
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In this piece, we list six contracting terms of which everyone working in the oil and gas sector should have at least a partial understanding. Penalty Clauses. In Anglo-Saxon law, the primary redress for a breach of contract is the imposition of damages to compensate the innocent party for losses suffered as a consequence of that breach. The oil and gas industry is the largest sector in the world in terms of dollar value. Intelligent well: An oil or gas well equipped with monitoring equipment and completion components that allow for automatic or remote optimization of production. Joint: A length of pipe. Kick: An intrusion of pressurized fluid into the wellbore that causes drilling fluid to be displaced. It can be the precursor to a blowout. Blowout: Uncontrolled flow of gas, oil or other fluids from a well (think Deepwater Horizon Oil Spill) Bonus: A cash fee paid to the lessee (person or company who grants the exploration company the right to drill on their land) of petroleum rights at the beginning of exploration (bonus for signing over the land). Oil Sands: A deposit of sand saturated with bitumen. Canada has some of the largest oil sands deposits in the world. Payout Ratio: Calculated by expressing the cash dividend as a percentage of funds from operations attributable to shareholders for a given period. Petrochemical: A chemical derived from petroleum, its derivatives or natural gas The Oil & Gas team’s senior investment bankers offer deep domain expertise, bringing an average of nearly 20 years of corporate finance and energy industry experience. Backed by a vast network of corporate finance professionals, product specialists and portfolio managers, we form a highly integrated team that can seamlessly deliver broad capabilities to your company. Our team, along with the rest of KeyBanc Capital Markets, prides itself on our genuine, relationship-focused approach and In addition, there must exist, or there must be a reasonable expectation that there will exist, the legal right to produce or a revenue interest in the production, installed means of delivering crude oil, natural gas, NGLs or related substances to market, and all permits and financing required to implement the project.
14 Mar 2019 Blow-out: Sudden, powerful, uncontrolled discharge of gas, oil, drilling or several such persons, who, under the terms of the Petroleum Act or
29 Jun 2016 Each stage is described below in terms of the activities, jobs, cost and Oil and gas exploration is a method used by petroleum geologists and
Acreage: an area covered by a lease granted for oil and gas exploration. Actuals: physical terms the number of barrels input to crude oil processing units or production of a refinery during a the impact of key economic factors. Fungible:
In this piece, we list six contracting terms of which everyone working in the oil and gas sector should have at least a partial understanding. Penalty Clauses. In Anglo-Saxon law, the primary redress for a breach of contract is the imposition of damages to compensate the innocent party for losses suffered as a consequence of that breach. The oil and gas industry is the largest sector in the world in terms of dollar value. Intelligent well: An oil or gas well equipped with monitoring equipment and completion components that allow for automatic or remote optimization of production. Joint: A length of pipe. Kick: An intrusion of pressurized fluid into the wellbore that causes drilling fluid to be displaced. It can be the precursor to a blowout.
Petroleum engineers who graduated during or right before the oil and gas industry’s most recent downturn may feel like the odds are stacked against them as they enter the workforce. But there is still and always will be a need for petroleum engineers. The industry may be changing, but it’s not going anywhere.
Oil Sands: A deposit of sand saturated with bitumen. Canada has some of the largest oil sands deposits in the world. Payout Ratio: Calculated by expressing the cash dividend as a percentage of funds from operations attributable to shareholders for a given period. Petrochemical: A chemical derived from petroleum, its derivatives or natural gas The Oil & Gas team’s senior investment bankers offer deep domain expertise, bringing an average of nearly 20 years of corporate finance and energy industry experience. Backed by a vast network of corporate finance professionals, product specialists and portfolio managers, we form a highly integrated team that can seamlessly deliver broad capabilities to your company. Our team, along with the rest of KeyBanc Capital Markets, prides itself on our genuine, relationship-focused approach and In addition, there must exist, or there must be a reasonable expectation that there will exist, the legal right to produce or a revenue interest in the production, installed means of delivering crude oil, natural gas, NGLs or related substances to market, and all permits and financing required to implement the project. As we leap into 2020, a number of key trends are likely to dominate the oil & gas sector. The oil and gas sector started 2020 in the media spotlight, with oil prices jumping after the US drone Oil-equivalent gas The volume of natural gas needed to generate the equivalent amount of heat as a barrel of crude oil. Approximately 6,000 cubic feet of natural gas is equivalent to one barrel of crude oil. Oil sands Naturally occurring mixture of bitumen (a heavy, viscous form of crude oil), water, sand and clay. Landman, Petroleum Landman | definition. A person, male or female, whose role is that of contacting mineral rights owners regarding the leasing of their mineral interests for oil and gas production. Landmen often are independent contractors. Return to the Glossary of L Terms or the Index of Oil & Gas Terms to search the oilfield glossary. Recent examples of force majeure in the oil and gas arena are ExxonMobil vis-á-vis its Libyan E&P activity after violence exploded in Benghazi in 2011, and Shell’s declaring force majeure on deliveries from its 22 million tonnes per annum (mtpa) plant in the Niger Delta after violent third party interference in the region.
Petroleum engineers who graduated during or right before the oil and gas industry’s most recent downturn may feel like the odds are stacked against them as they enter the workforce. But there is still and always will be a need for petroleum engineers. The industry may be changing, but it’s not going anywhere. Oil & Gas Industry Glossary of Selected Terms To Accompany a Range of Training Courses Offered to Industry Professionals Compiled by: DWA Energy Limited (www.dwasolutions.com) Acidising: the well stimulation technique of pumping hydrochloric acid down the well hole to enlarge the pore space in oil-bearing rocks, thus increasing oil flow and recovery. An oil refining unit in which propylene or butylene reacts with iso- 2 Glossary of Industry Terms butylene to yield a high octane gasoline blending component called alkylate. In this piece, we list six contracting terms of which everyone working in the oil and gas sector should have at least a partial understanding. Penalty Clauses. In Anglo-Saxon law, the primary redress for a breach of contract is the imposition of damages to compensate the innocent party for losses suffered as a consequence of that breach.