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. Glossary of terms used in the trading of oil and gas, utilities. If you would like to discuss mineral rights related issues with other landowners. The pricing community has evolved a language of its own to describe the various ways to help a business realize a higher selling price, better margins, and higher profitability. Our glossary of business terms provides definitions for common terminology. The offshore drilling business is a technologyheavy industry, and if you want to invest in companies that function in this commodity space, you want to be familiar with some of the associated terminology. Dec, 2016 the p10, p50 and p90 are useful parameters to understand how the numbers are distributed in a sample. If you are looking towards starting a business in the oil and gas industry, one of your options is to open a filling. Updated to add extra terms to the list if youve looked at any oil and gas reference books or even glance online.
It is a systematic process that aims to filter out and resolve problems, and. Generally business names and tradetrading names may be registered and licensed. Companies in the oil and gas industry are usually divided into one of three. Baseline refers to a minimum level or starting point from which further measurements or comparisons can be made for. Bec program, managed by the ministry of forests, lands and natural. Shapefile the shapefile format is a popular geospatial vector data format for geographic information system gis software. Quickly browse through hundreds of options and narrow down your top choices with our free, interactive tool. Pricing terms a guide to common pricing terminology the pricing community has evolved a language of its own to describe the various ways to help a business realize a higher selling price, better margins, and higher profitability. Generating a sample busine ss gloss ary in microsoft exce l to generate a sample business glossary in excel, complete the following steps. Dictionary of oil industry terminology definitions acronyms and abbreviations a aav annulus access valve ab3 valve alpha thames compact, quarterturn rotary, parallel fullbore, double block and bleed, expanding plug valve. Oil gas terms in category b oilfield glossary oil and. You will find that a number of these terms are depreciated and not used in real oil. Business glossary, free business glossary software downloads.
Today blue cow software is the fuel oil and propane business management software suite of choice for more than 300 of the countrys leading propane and heating oil companies. The schlumberger oilfield glossary has received awards of excellence from the business marketing association and the society for technical communication. Production and maintenance of wells and facilities to recover and bring. Developers are responsible for the construction of software applications. Compare leading oil and gas accounting systems to find the right solution for your business. Whether your business is to design and construct refinery infrastructure or ensure the ongoing daily operation and maintenance of oil refining plants, bentley. The oil and gas industry has many unique terms and abbreviations. Business name can refer to a tradetrading name, or also could refer to the the overarching or parent or holding company, which is ultimately responsible for a tradetrading name within or of the. Join oil and gas business leaders in the woodlands, texas, from september 1416, 2020, and discover how to transform into an intelligent enterprise and drive business success with insight from sessions on sap road map and solution updates. The oil and gas industry generates hundreds and thousands of job opportunities all around the world. Dictionary of oil industry terminology iso translations. Feb 25, 2020 the terms upstream and downstream oil and gas production refer to an oil or gas companys location in the supply chain.
An oil refining unit in which propylene or butylene reacts with iso. Glossary of oil and gas terms learn the language of oil. Glossary of business terms adjective adj headwords for adjectives followed by information in square brackets only before a noun and not before a noun show any restrictions on where they can be used. Api gravity, usually expressed as api, is a measure of. The terms upstream and downstream oil and gas production refer to an oil or gas companys location in the supply chain. Project management suite that supports project roles for long to shortterm planning. A lot depends on the interpretation of the term business name. Launched in 1998, the oilfield glossary, which includes more than 4600 entries, continues to expand and improve. Oil from which the light ends have been removed by a simple refining process.
C r e a t e a b u s i n e s s g l o s s a r y i n m e t a d a t a m a n a g e r b u s i n e s s. Production and maintenance of wells and facilities to recover and bring the crude oil andor raw natural gas to the surface plant and to process the produced hydrocarbons. Integrated revenue accounting and production operations, determining. Apr 09, 2015 here is a list of terms and acronyms used in oil transactions along with explanations of what these terms mean. Oil and gas companies are streamlining and simplifying operations by creating intelligent enterprises. Business glossary software free download business glossary.
Our technical staff will process and integrate your data into our software. Our glossary of business terms provides definitions for common terminology and acronyms in business plans, accounting, finance, and other aspects of small business. Software requirements that limit the options available to the system designer. Effective planning and execution of shutdowns and turnarounds is essential to maintain product levels and reduce loss of revenue for the oil and gas industry, particularly if improper. Calories per gram of btu per pound produced by burning. Administrative support account class related to the corporations business operations. The word intended is important here, emphasizing that a business must choose relevant and effective measurements that directly or indirectly reflect the level of success in meeting its goals. Shapefile the shapefile format is a popular geospatial. Take a look at some of the terms youll encounter working in the industry below. Base salary refers to an agreedupon amount of payment an employee received as compensation for work rendered.
The measuring scale is calibrated in terms of degrees api, it may be calculated in terms of the following formula. In a motor oil, this is a property which allows the oil to neutralize acids from combustion that would otherwise degrade the oil. Business name can refer to a tradetrading name, or also. How to generate a sample business glossary in microsoft excel. The business benefits that will result from meeting the business need and the end state desired by stakeholders. Energy industry translations, oil and gas translation service from hqtranslate. Technically speaking, any software related to oil and gas can be categorized into oil and gas software. Shutdowns and turnarounds in the oil and gas industry.
The barge moves itself forward by means of anchors. Software troubleshooting is the process of scanning, identifying, diagnosing and resolving problems, errors and bugs in software. These terms are frequently found in proposals, leases, contracts, and other oil and gas business transaction documents. Noun n the codes c and u show whether a noun, or a particular sense of a noun, is countable an agenda, two agendas or uncountable. Light crudes generally exceed 38 degrees api and heavy crudes are commonly labeled as all crudes with an. Oil and gas accounting software focuses on tracking energy projects and partnerships, including the acquisition and development of land leases for natural resources. It is important to understand these terms to understand the legal implications of contracts and other business. A model that illustrates the flow of processes andor complex use cases by showing each activity along with information flows and. 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.
Join oil and gas business leaders in the woodlands, texas, from september 1416, 2020, and discover how to transform into an intelligent enterprise and drive business success with insight from sessions on sap. Glossary has received awards of excellence from the business marketing association and the. Business terminology for beginners adapted from businessblogshub by dominic butler the world of business can be a complicated and stressful place at the best of times. Spot market terminology for deliveries that can be made at any time during the month at the sellers discretion. It can also track the status of leases and share it throughout a company while automatically posting land payments to the general ledger. English vocabulary for oil and gas professionals tlg blog. It is a systematic process that aims to filter out and resolve problems, and restore the software to normal operation. Throw some business jargon into the mix and its easy to feel overwhelmed. To define residual oil saturation, the displacement method and the type, volume, direction and velocity of the displacing fluid must be known.
Oil and gas glossary of terms business finance solutions. If you are looking towards starting a business in the oil and gas industry, one of your options is to open a filling station. A key performance indicator kpi is a measurable value that is intended to show how well a business is adhering to its business model and strategies. When referring to the oil and gas industry, this term indicates the. Fuel oil delivery software and fuel management software. Calories per gram of btu per pound produced by burning fuels. Nov 15, 2017 b2c2b is an acronym for business toconsumerto business, a model for selling, relationshipbuilding or engagement. The word intended is important here, emphasizing that. Filter by popular features, pricing options, number of users and more. Pricing terms a guide to common pricing terminology. Whether your business is to design and construct refinery infrastructure or ensure the ongoing daily operation and maintenance of oil refining plants, bentley provides the solution for the lifecycle. Because offshore drilling activity may take place in unforgiving locations, companies have to deploy specific vessels for specific drilling projects. Manage your entire business with just one software. Here is a list of terms and acronyms used in oil transactions along with explanations of what these terms mean.
It was founded in 1997 by the oil and gas industry trade associations with the aim of reducing the uk offshore oil and gas industry injury rate by 50%. Oil refineries are an important part of our daily life providing fuel and petroleum products for industrial and domestic users. Consider the following sample list of observations. Any director, officer or general partner of the issuer. The oil and gas industry generates hundreds and thousands of job opportunities all around. Mar 29, 2019 kerosene, coal oil and range oil are all no.
The effects of new participants in existing programs and all participants in new programs should be based on their startup dates ie, if participants enter a program. Glossary of oilfield production terminology got definitions and abbreviations first edition, january 1, 1988 american petroleum institute 1220 l street, northwest. Dictionary of oil industry terminology definitions acronyms and abbreviations a aav annulus access valve ab3 valve alpha thames compact, quarterturn rotary, parallel fullbore, double block. The oilfield glossary schlumberger oilfield glossary. A comprehensive glossary of business analyst terms. Computer personnelconsulting contract fees for equipment and software maintenance, consulting services, and payments for service contracts.
Internet terms hardware terms software terms technical terms file formats bits and bytes tech acronyms. Access covid19 jobs, answer relevant terminology questions, read industry news and more. Design your own business card in a few easy steps and print it on your own computer the software enables you to create attractive, unique. An application programming interface, which is a set of definitions of the ways one piece of computer software communicates with another. Aga calculations, short term load forecasting, vendor flow. They could represent anything oranges, bananas, production efficiency etc there are several options to display this data. English vocabulary for oil and gas professionals 03 march, 2017 tips and vocabulary erin oneill. Common oil and gas industry terms explained a financial institution such as bank, brokerdealer, insurance company or business development company. Find and compare the top oil and gas software on capterra. To start and run a business, you often need to understand business terms that may not be well defined in a standard dictionary.
It is a key sector for individuals who have studied and wish to pursue careers in science, technology, engineering and maths stem subjects. Fuel oil delivery software and fuel management software for. We also have a page of oil and gas abbreviations and acronyms. We continue to stay on top of industry trends and best practices, incorporating updates and upgrades across the ignite suite to better help our users gain even. Salon business terminology general accounting terms and definitions. Nov 09, 2005 business terminology quick study business barcharts, inc.
Upstream production companies identify, extract, or produce raw materials. A jet sled is lowered over the pipeline, and as the barge pulls it over the pipe, highpressure jets of. This includes accounting, engineering, science, data management, etc. These are some of the most commonly used oil and gas terms. The residual oil saturation quantity is the saturation achieved after an infinite number of pore volumes of the displacing fluid have flowed through a particular portion of reservoir rock. Term which refers to a futures or derivatives program where the buyer locks in a price ceiling, but also a price floor. Oil, gas and energy translations professional translations for the oil, gas, and energy industry for your business by expert inhouse translators with industry specific terminology. This section contains explanations of common terms referenced in project open data and the open data policy. A vessel used to bury pipeline beneath the seafloor. Upstream is a term used in the oil industry which refers to the searching for, the recovery and production of crude oil and natural gas.
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