The terminologies are used in oil and gas trading business between buyer and seller’s companies. Sometimes, the Tank Farm, storage parties such as refinery, end buyers, seller-side and buyer-side agents. ATV : Authorization to Verify Barrel It is a unit of volume measurement used for petroleum and its products.
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. 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 convenience.
Refinery Gas/Still Gas (not liquefied) Includes a mixture of non-condensable gases mainly consisting of hydrogen, methane and ethane obtained during distillation of crude oil or conversion of oil products (e.g. cracking) in refineries. This also includes gases that are returned from the petrochemical industry. Refinery Yield
Refinery Yield Refinery yield (expressed as a percentage) represents the percent of finished product produced from the input of crude oil and the net input of feedstock. It is calculated by dividing total net production of finished products by the sum of crude oil and net unfinished input.
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Be in the know. Here are some oil and gas terms and definitions to help you find your way in the oil and gas industry.
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Explore the world of oil and gas terms with this comprehensive guide. From upstream to downstream, familiarize yourself …
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A Glossary of Petroleum Refining Terms can be found here. An Introduction to Refining section, gives the basics of how refining works. I will be building a database of Non …
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This transformation, known as oil refining in the UAE, fuels industries at home and abroad. Domestic transport …
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Oil and Gas Glossary - Our oil and gas glossary supports our Introduction to Oil and Gas readers with over 250 terms and references.
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What is a TSA in Oil Trading? A Throughput and Storage Agreement (TSA) is a contractual arrangement between an oil trader, producer, or refiner and a storage facility or …
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What is a TSA in Oil Trading? A Throughput and Storage Agreement (TSA) is a contractual arrangement between an oil trader, …
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This covers transportation of crude oil, supply and trading, refining crude oil, marketing, transporting and distributing the refined product output. It is the opposite of …
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What Are Oil Tanks for Storage of Crude Oil? Oil tanks for storage of crude oil are industrial-grade containers designed to store large volumes of unrefined petroleum. These …
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Data Sources This web-based User’s Guide to the IEA Oil Market Report (OMR) is designed to provide a broad outline of the OMR methodology together with a glossary of …
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Explore the world of oil and gas terms with this comprehensive guide. From upstream to downstream, familiarize yourself with the terminology used in the industry. Learn …
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Data Sources This web-based User’s Guide to the IEA Oil Market Report (OMR) is designed to provide a broad outline of the OMR …
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Physical Oil Trading Basics (Part 2 of 2) (Originally Posted: 03/17/2013) After Part 1 last week, I’m pretty pleased with the feedback I …
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Aramco’s network of refineries around the Kingdom produce the products that our customers need in their homes, businesses, and in …
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Using our oil and gas glossary dictionary, learn definitions of industry terms such as acidizing, blowout preventer, hydraulic fracturing, tie-ins, & more.
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Oil trading companies are using their recent profits to buy refineries being divested by major oil and gas producers.
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Advanced Container Co. supplies rugged, secure, and customized shipping containers built to withstand the harsh demands of oilfield and offshore environments. With over 35 years of …
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View the helpful and extensive glossary of key oil industry terms OPIS has compiled to help you better understand our industry and the various fuel markets.
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There are many acronyms and terminologies used in the petroleum oil products transport, supply, business, trading and international shipping and transportation of petroleum …
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