9 May 2019 Oil and gas companies and industry publications use several abbreviations for production fluid, including Bbl, Boe, BTU and Mcf. Acronyms, Abbreviations and Chemical Symbols. Annex I. 1806. 1P American Petroleum Institute. APINA Council for Scientific and Industrial Research. ii. Contents. Abbreviations iii. 1. Timelines and actors in the oil and gas industry lifecycle. 1. 1.1. The five phases of upstream oil and gas industry lifecycle. 1. 1.2. Please note that the Journal of Unconventional Oil and Gas Resources is now closed to new submissions, as it is being merged with the two related (For example, if an oil FMP and a gas FMP were installed to measure only the production from a new well that first produced on April 10, the averaging period for The Platts industry glossary covers common terms and abbreviations from the oil, power, petrochemicals, nuclear, gas, coal and metals markets and industries.
These are some of the most commonly used oil and gas abbreviations. Bbl, Barrel – In the oil and gas industry, a barrel is 42 U.S. gallons measured at 60º Fahrenheit. BCF– The abbreviation for billion cubic feet of gas. BHP, Bottom Hole Pressure – The abbreviation for bottom-hole pressure. BP, Blowout Preventor – Casinghead equipment that prevents the uncontrolled flow of oil, gas and mud from the well by closing around the drill pipe or sealing the hole. EnergyNow is an online energy news and data media service dedicated to providing essential up to-date information on the United States energy industry. We provide live feeds designed to help energy professionals, field personnel, business owners, and senior business leaders get the latest energy news and data, energy industry press releases and energy job and event listings. Oil & Gas Industry Acronyms and Abbreviations Pacific National Capital's Project Interests: Oil & Gas Joint Ventures. Oil & Gas Acquisitions and Financing. Ethanol Joint Ventures and Financing. Wind, Solar, Renewable Energy Financing. Large Lines of Credit for Oil & Gas and All Commercial Endeavors. Commercial Financing & Joint Ventures The difference between the price of the actual commodity (e.g. heating oil) and the price of the futures contract. Basis can be calculated by subtracting the futures price from the cash price. For example, if N.Y. Harbor physical heating oil is 60cts/gal and the futures price is 61cts/gal, the basis is 1ct/ gal.
In shipping there are many abbreviations. In the old days less today. Many thanks to Kjetil at Rimship for sharing his knowledge and abbreviations with us. COW, Crude Oil Washing FPSO, Floating Production Storage and Offloading unit. DEFINITIONS AND ABBREVIATIONS . in the Norwegian Petroleum industry. whereas chapter 4 includes a list of abbreviations as well as definitions of List of Abbreviations GWth: Gigawatt-thermal; HVAC: Heating, ventilation and air conditioning; HVO: Hydrotreated vegetable oil SEforALL: United Nations Sustainable Energy for All initiative; SHIP: Solar heat for industrial processes; SHS 4 Oct 2009 This is may not relate to drilling formula but it may be good for new people to know about oil field abbreviations. If you have more than what I
The language of the oil industry has evolved into thousands of terms and abbreviations. Contact Us. Abbreviations commonly used by our engineers. See above to
EnergyNow is an online energy news and data media service dedicated to providing essential up to-date information on the United States energy industry. We provide live feeds designed to help energy professionals, field personnel, business owners, and senior business leaders get the latest energy news and data, energy industry press releases and energy job and event listings. Oil & Gas Industry Acronyms and Abbreviations Pacific National Capital's Project Interests: Oil & Gas Joint Ventures. Oil & Gas Acquisitions and Financing. Ethanol Joint Ventures and Financing. Wind, Solar, Renewable Energy Financing. Large Lines of Credit for Oil & Gas and All Commercial Endeavors. Commercial Financing & Joint Ventures The difference between the price of the actual commodity (e.g. heating oil) and the price of the futures contract. Basis can be calculated by subtracting the futures price from the cash price. For example, if N.Y. Harbor physical heating oil is 60cts/gal and the futures price is 61cts/gal, the basis is 1ct/ gal.