Throw some business jargon into the mix and its easy to feel overwhelmed. 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. Software troubleshooting is the process of scanning, identifying, diagnosing and resolving problems, errors and bugs in software. Filter by popular features, pricing options, number of users and more. A comprehensive glossary of business analyst terms. Technically speaking, any software related to oil and gas can be categorized into oil and gas software.
A model that illustrates the flow of processes andor complex use cases by showing each activity along with information flows and. Our glossary of business terms provides definitions for common terminology. In a motor oil, this is a property which allows the oil to neutralize acids from combustion that would otherwise degrade the oil. Find and compare the top oil and gas software on capterra. 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. This section contains explanations of common terms referenced in project open data and the open data policy. The schlumberger oilfield glossary has received awards of excellence from the business marketing association and the society for technical communication.
The word intended is important here, emphasizing that. Bec program, managed by the ministry of forests, lands and natural. Glossary of oil and gas terms learn the language of oil. Nov 09, 2005 business terminology quick study business barcharts, inc. Shapefile the shapefile format is a popular geospatial vector data format for geographic information system gis software. It is important to understand these terms to understand the legal implications of contracts and other business.
Shutdowns and turnarounds in the oil and gas industry. Compare leading oil and gas accounting systems to find the right solution for your business. Generally business names and tradetrading names may be registered and licensed. Glossary of oilfield production terminology got definitions and abbreviations first edition, january 1, 1988 american petroleum institute 1220 l street, northwest. These terms are frequently found in proposals, leases, contracts, and other oil and gas business transaction documents. 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. If you are looking towards starting a business in the oil and gas industry, one of your options is to open a filling station. Project management suite that supports project roles for long to shortterm planning. A jet sled is lowered over the pipeline, and as the barge pulls it over the pipe, highpressure jets of. 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. 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. Oil and gas companies are streamlining and simplifying operations by creating intelligent enterprises.
These are some of the most commonly used oil and gas terms. The barge moves itself forward by means of anchors. Glossary of terms used in the trading of oil and gas, utilities. 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. Because offshore drilling activity may take place in unforgiving locations, companies have to deploy specific vessels for specific drilling projects. The oilfield glossary schlumberger oilfield glossary. 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. Administrative support account class related to the corporations business operations. To start and run a business, you often need to understand business terms that may not be well defined in a standard dictionary. The business benefits that will result from meeting the business need and the end state desired by stakeholders. The oil and gas industry generates hundreds and thousands of job opportunities all around.
Term which refers to a futures or derivatives program where the buyer locks in a price ceiling, but also a price floor. The terms upstream and downstream oil and gas production refer to an oil or gas companys location in the supply chain. 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. Updated to add extra terms to the list if youve looked at any oil and gas reference books or even glance online.
Shapefile the shapefile format is a popular geospatial. You will find that a number of these terms are depreciated and not used in real oil. 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. Oil refineries are an important part of our daily life providing fuel and petroleum products for industrial and domestic users. Business glossary software free download business glossary. It is a systematic process that aims to filter out and resolve problems, and restore the software to normal operation. It is a systematic process that aims to filter out and resolve problems, and. 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. Fuel oil delivery software and fuel management software for. Companies in the oil and gas industry are usually divided into one of three. Dictionary of oil industry terminology iso translations. If you would like to discuss mineral rights related issues with other landowners. When referring to the oil and gas industry, this term indicates the.
English vocabulary for oil and gas professionals 03 march, 2017 tips and vocabulary erin oneill. Light crudes generally exceed 38 degrees api and heavy crudes are commonly labeled as all crudes with an. The oil and gas industry generates hundreds and thousands of job opportunities all around the world. Generating a sample busine ss gloss ary in microsoft exce l to generate a sample business glossary in excel, complete the following steps. Consider the following sample list of observations. A lot depends on the interpretation of the term business name. 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. Baseline refers to a minimum level or starting point from which further measurements or comparisons can be made for. Access covid19 jobs, answer relevant terminology questions, read industry news and more.
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. Oil and gas glossary of terms business finance solutions. Base salary refers to an agreedupon amount of payment an employee received as compensation for work rendered. Oil from which the light ends have been removed by a simple refining process. Energy industry translations, oil and gas translation service from hqtranslate. Common oil and gas industry terms explained a financial institution such as bank, brokerdealer, insurance company or business development company. 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. Internet terms hardware terms software terms technical terms file formats bits and bytes tech acronyms. Nov 15, 2017 b2c2b is an acronym for business toconsumerto business, a model for selling, relationshipbuilding or engagement. Fuel oil delivery software and fuel management software. Whether your business is to design and construct refinery infrastructure or ensure the ongoing daily operation and maintenance of oil refining plants, bentley. 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%. Aga calculations, short term load forecasting, vendor flow.
A vessel used to bury pipeline beneath the seafloor. It can also track the status of leases and share it throughout a company while automatically posting land payments to the general ledger. Our glossary of business terms provides definitions for common terminology and acronyms in business plans, accounting, finance, and other aspects of small business. Take a look at some of the terms youll encounter working in the industry below.
Launched in 1998, the oilfield glossary, which includes more than 4600 entries, continues to expand and improve. 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. Our technical staff will process and integrate your data into our software. Glossary has received awards of excellence from the business marketing association and the.
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. Software requirements that limit the options available to the system designer. Pricing terms a guide to common pricing terminology. The measuring scale is calibrated in terms of degrees api, it may be calculated in terms of the following formula. 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. 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. Feb 25, 2020 the terms upstream and downstream oil and gas production refer to an oil or gas companys location in the supply chain. Apr 09, 2015 here is a list of terms and acronyms used in oil transactions along with explanations of what these terms mean. This includes accounting, engineering, science, data management, etc.
To define residual oil saturation, the displacement method and the type, volume, direction and velocity of the displacing fluid must be known. Business name can refer to a tradetrading name, or also. Production and maintenance of wells and facilities to recover and bring. An oil refining unit in which propylene or butylene reacts with iso. Api gravity, usually expressed as api, is a measure of. Any director, officer or general partner of the issuer. Oil gas terms in category b oilfield glossary oil and. 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. We also have a page of oil and gas abbreviations and acronyms. 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. English vocabulary for oil and gas professionals tlg blog. It is a key sector for individuals who have studied and wish to pursue careers in science, technology, engineering and maths stem subjects.
Business glossary, free business glossary software downloads. 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. Calories per gram of btu per pound produced by burning. 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. Salon business terminology general accounting terms and definitions.
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. 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. They could represent anything oranges, bananas, production efficiency etc there are several options to display this data. Integrated revenue accounting and production operations, determining. 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. The oil and gas industry has many unique terms and abbreviations. An application programming interface, which is a set of definitions of the ways one piece of computer software communicates with another. Computer personnelconsulting contract fees for equipment and software maintenance, consulting services, and payments for service contracts. 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. Calories per gram of btu per pound produced by burning fuels. Mar 29, 2019 kerosene, coal oil and range oil are all no. Developers are responsible for the construction of software applications. Described as the definitive guide to preparing your career for digital in oil and gas, digital oil and gas is a onestop place to learn about digital in the industry. If you are looking towards starting a business in the oil and gas industry, one of your options is to open a filling.
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