Definition Bitumen refers to an oil-based non crystalline solid substance produced naturally or from crude oil refining. Bitumen is mostly composed of highly condensed polycyclic aromatic hydrocarbons. After refining, Bitumen is the more viscous, heaviest and thickest petroleum derivative. Comments Natural bitumen is an unconventional oil, sticky, looking like tar and more viscous (more…)
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14
Sep
2012
Bitumen
06
Sep
2012
Oil shale
Definition Oil shale refers to solid hydrocarbon (kerogen) rock resulting from a decomposed organic matter still at solid state, in a sedimentary rock unit. The oil shale may also be called black shale. Oil shale and shale oil must not be confused as they do not mean the same thing since shale oil designates (more…)
Read moreTags: black shale, hydraulic fracturing, hydrocarbon, kerogen, light crude oil, light tight oil(LTO), liquid-rich shale plays, natural gas, ogp projects, Oil & Gas, Oil & Gas and Petrochemical, Oil & Gas and Petrochemical capital expenditures, Oil & Gas and Petrochemical glossary, oil and gas, Oil news, oil shale, Oil&Gas, oil-hosting rock, R'Mah, shale oil, shale play, tight oil, tight shale oil, upstream, USA, USA Production
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Posted in One day - One Word | Leave a comment
08
Aug
2012
Tight oil
Definition Tight oil refers to the light crude oil trapped in shale, limestone and sandstone formations characterized by very low porosity and permeability. Tight oil is normally a light crude oil found in the sedimentary formations that may also be called light tight oil (LTO) or tight shale oil or (more…)
Read moreTags: Achimov, Athel, Bahemov, Bakken, Chicontepec, crude oil, Eagle Ford, Energy Information Administration (EIA), Exploration & Production, gas, horizontal drilling, hydraulic fracturing, hydrocarbon, kerogen, light crude oil, light tight oil(LTO), liquid-rich shale plays, natural gas, Niobara, North American shale play, ogp projects, Oil & Gas, Oil & Gas and Petrochemical, Oil & Gas and Petrochemical capital expenditures, Oil & Gas and Petrochemical glossary, oil and gas, Oil news, oil shale, Oil&Gas, oil-hosting rock, Persian Gulf, R'Mah, Sargelu, shale gas, shale oil, shale play, tight oil, tight shale oil, upstream, USA, USA Production
Posted in One day - One Word | 1 Comment
Posted in One day - One Word | 1 Comment
07
Aug
2012
“PSC”
Definition PSC is the acronym of Production Sharing Contract. PSA may also be used to refer to Production Sharing Agreement Comments PSC is an agreement between the parties to a well and a host country regarding the percentage of oil and gas production each party will receive after the participating parties (more…)
Read moreTags: Africa, Africa contract, Asia, Asia contract, Business model for oil & gas and petrochemical industry suppliers, CAPEX, capital expenditure, China, concessions contract, costs sharing, crude oil, Exploration & Production, exploration and development costs, gas, hydrocarbon, International Oil Company, IOC, joint venture, natural gas, NOC, offshore, Offshore technology, ogp projects, OGP projects pursuit, Oil & Gas, Oil & Gas and Petrochemical, Oil & Gas and Petrochemical capital expenditures, Oil & Gas and Petrochemical Contract, Oil & Gas and Petrochemical glossary, Oil & Gas and Petrochemical Project, oil and gas, oil and gas field, Oil news, Oil&Gas, operational expenditure (OPEX), percentage of oil and gas production, Production sharing Agreement, Production Sharing Agreement (PSA), Production Sharing Contract, profits and costs sharing, profits sharing, PSC, upstream
Posted in One day - One Word | 2 Comments
Posted in One day - One Word | 2 Comments
24
Jul
2012
Benzene
Definition Benzene is a colorless, sweet smelling, highly toxic, flammable, liquid aromatic hydrocarbon. Derived from petroleum, Benzene is used in or to manufacture a wide variety of petrochemical products. Benzene evaporates into the air very quickly and dissolves slightly in water. Benzene may also be called benzine or benzol. Comments (more…)
Read moreTags: acid, adhesives, adipic, alkylated benzene, aromatic, aromatic compound, Benzene, benzene ring, benzine, benzol, carbon, crude oil, cyclohexane, downstream, Ethylbenzene, Ethylene, gasoline, hydrocarbon, Hydrogen, hydrogenated benzene, nylon, Oil & Gas, Oil & Gas and Petrochemical, Oil & Gas and Petrochemical glossary, oil and gas, Oil&Gas, Olefins, paints, panels, petrochemical complex, polyamide, Polystyrene, Propylene, rubbers, Styrene, synthetic rubber, telephone parts, toys
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Posted in One day - One Word | Leave a comment
OMV and Wintershall to appraise Shuwaihat sour gas and condensate field The Abu Dhabi National Oil Company (ADNOC), signed a Technical Evaluation Agreement (TEA) with OMV Abu Dhabi E&P GmbH (OMV) and Wintershall Middle East GmbH – Abu Dhabi (Wintershall) to appraise the sulfur rich sour gas (H2S and CO2) and condensate field (more…)
Read moreTags: 3D seismic, Abu Dhabi, Abu Dhabi National Oil Company (ADNOC), ADNOC, appraisal campaign, appraisal well, Arabian gulf, Austria, Austria Petrochemicals, Austrian oil company, barrels of oil equivalent (BOE), BASF, BASF Wintershall, BOE, Borealis, capital expenditure, Carbon dioxide, Caspian Sea, CO2, ConocoPhillips, CO², crude oil, downstream, Dubai, Europe, Exploration & Production, ExxonMobil, Gänserndorf, gas, gas pipeline, gas refilling stations, gas retail stations, gas trading, Gazprom, GCC Countries, German oil company, Germany, Germany E&P, Gulf Region, H2S, hydrocarbon, hydrocarbon products, hydrocarbon products.Abu Dhabi government, hydrocarbon value chain, H²S, International Petroleum Investment Company (IPIC), IPIC, IPIC Borealis, IPIC OMV, joint venture, Kassel, KNOC, Korea National Oil Corporation (KNOC), Korean, Middle East, Midstream, National Oil Companies, natural gas, NOC, North Africa, Occidental, Occidental Shah gas, offshore, Offshore technology, ogp projects, OGP projects pursuit, Oil & Gas, Oil & Gas and Petrochemical, Oil & Gas and Petrochemical capital expenditures, Oil & Gas and Petrochemical Contract, Oil & Gas and Petrochemical Project, oil and gas, oil and gas industry, Oil news, Oil&Gas, OMV, OMV Abu Dhabi E&P GmbH (OMV), OMV Aderlakaa sour gas, OMV Aktiengesellschaft (OMV), OMV Gänserndorf, OMV Romania, OMV Wintershall ADNOC, Operator, Oxy, Project Feasibility study, proven reserves, Ras Al Khaima, Romania, Russia, Shah gas, Sharjah, Shell, shipping and pipelines, Shuwaihat, Shuwaihat appraisal campaign, Shuwaihat development and production, Shuwaihat field, Shuwaihat Island, Shuwaihat OMV, Shuwaihat sour gas and condensate, Shuwaihat sour gas field, Shuwaihat Wintershall, sour gas, sour gas (H2S and CO2), South America, sovereign wealth investment found International Petroleum Investment Company (IPIC), sulfur-rich sour gas, TEA, Technical Evaluation Agreement (TEA), Total, Turkey, UAE, upstream, Wintershall, Wintershall E&P, Wintershall Exploration and Production, Wintershall Holding GmbH, Wintershall Middle East GmbH, Wintershall Middle East GmbH – Abu Dhabi (Wintershall)
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Posted in One day - One News | Leave a comment
17
Jul
2012
Gazprom and Novatek signed Memorandum on Yamal
Gazprom and Novatek to boost Yamal giant fields development The Yamal Peninsula and the near by Gydan Peninsula concentrate among the biggest reserves of natural gas and condensate in the world. The exploration of the Yamal Peninsula and offshore area around has disclosed 11 natural gas and 15 oil, natural gas and condensate fields with (more…)
Read moreTags: barrels of oil equivalent (BOE), BOE, Bovanenkovskoye, capital expenditure, condensate, crude oil, depleting, depletion, East-Tambeyskiy, East-Tambeyskiy field, Exploration & Production, France, gas, gas pipeline, gas processing, Gazprom, Gydan Peninsula, hydrocarbon, infrastructures, joint venture, Kharasaveyskoye, Kruzenshternskoye, Liquefied Natural Gas, LNG, LNG plant, LNG train, Malyginskoye, Memorandum of Cooperation, MOC, Nadym-Pur-Taz region, natural gas, Novatek, Novoportovskoye, offshore, Offshore technology, ogp projects, OGP projects pursuit, Oil & Gas, Oil & Gas and Petrochemical, Oil & Gas and Petrochemical capital expenditures, Oil & Gas and Petrochemical Contract, Oil & Gas and Petrochemical Project, oil and gas, Oil news, Oil&Gas, Project Feasibility study, Russia, Russian Government, Sabetta port, Salmanovskiy ( Utrenniy) Gydan Peninsula, Severo-Tambeyskoye, Shtokman, Tambey fields, Tambey gas fields group, Tasiyskoye, upstream, Utrenneye (Salmanovskoye) field, Yamal condensate, Yamal gas condensate processing unit, Yamal gas fields, Yamal LNG, Yamal oil fields, Yamal reserves, Yamal Sabetta, Yamalo-Nenets, Yuzhno-Tambeyskoye, Yuzho-Tambeiskoye, Zapadno-Tambeyskoye
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Posted in One day - One News | Leave a comment
13
Jul
2012
Shell and Qatar to bridge long term partnership
Shell to become the biggest investor in Qatar Through giant projects like Qatargas LNG 4 and Pearl GTL, Shell has become a key player in Qatar. These projects requested more than $ 26 billion capital expenditure on the top of which Shell is planning additional $ 6 billion for a greenfield Ras (more…)
Read moreTags: barrel prices, BlackRock, Business model for oil & gas and petrochemical industry suppliers, capital expenditure, downstream, ENI, Exploration & Production, feedstock, France, gas, gas markets, gas prices, Gas-To-Liquid (GTL), greenfield, hydrocarbon, hydrocarbon gas, hydrocarbon liquids, innovation, integrated business model, investor, IOC, Italy, joint venture, Legal & General, Liquefied Natural Gas, Liquefied Natural Gas (LNG), liquid hydrocarbon, LNG, natural gas, non-associated gas, Offshore technology, ogp projects, OGP projects pursuit, Oil & Gas, Oil & Gas and Petrochemical, Oil & Gas and Petrochemical capital expenditures, Oil & Gas and Petrochemical Contract, Oil & Gas and Petrochemical Project, oil and gas, oil barrel prices, Oil news, oil prices, Oil&Gas, Olefins, patents, Pearl GTL, petrochemical complex, Petrochemical projects EPC contracts, price spread, Project Feasibility study, QAI, Qatar, Qatar Investment Authority (QIA)., Qatar Petroleum (QP), Qatar Shell Research & Technology Centre, Qatar sovereign wealth fund, Qatargas 4, Qatargas LNG 4Qatargas 4 LNG, QG4, QP, Ras Laffan Industrial City, Ras Laffan Olefin, research and development, Shell, Shell Ras Laffan petrochemical complex, Shell stake, technology, Total, Total stake, upstream
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Posted in One day - One News | Leave a comment
13
Jul
2012
“QIA”
Definition QIA is the acronym of Qatar Investment Authority Comments Headquartered in Doha, Qatar, the Qatar Investment Authority represents the Qatar Sovereign Wealth Fund. The QIA was founded by the State of Qatar in 2005 to strengthen the country’s economy by diversifying into new asset classes. The QIA is structured to (more…)
Read moreTags: Barclays, Credit Suisse, diversification, downstream, ENI, gas, gas reserves, global capital expenditure, greenfield projects, Harrods, hydrocarbon, infrastructure, Liquefied Natural Gas (LNG), London stock exchange, long term strategic investor, LSE, LVMH, Market Leadership, Moody's, Nasdaq, natural gas, ogp projects, OGP projects pursuit, Oil & Gas, Oil & Gas and Petrochemical, Oil & Gas and Petrochemical capital expenditures, Oil & Gas and Petrochemical Contract, Oil & Gas and Petrochemical glossary, Oil & Gas and Petrochemical Project, oil and gas, Oil news, Oil&Gas, Olefins, operation, petrochemical complex, Petrochemical projects EPC contracts, Porsche, proven reserves, Qatar gas reserves, Qatar Investment Authority, Qatar sovereign wealth fund, QIA, QIA AA2, QIA investments, QIA portfolio, QIA shares, Shell, State of Qatar, Total, upstream, Vivendi
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Posted in One day - One Word | Leave a comment
After Polish Baltic Basin ENI goes to Ukrainian Dniepr-Donetz and Lviv Basins In 2010, the Italian Major IOC Eni had acquired Minsk Energy Resources to become operator of three licences in the Polish Baltic Basin, a highly prospective shale gas play located in the north-east of Poland. In Poland ENI could (more…)
Read moreTags: Algeria, Baltic Basin, Barnett Shale, Cadogan, Cadogan Petroleum plc, Carpathian basin, Cheremkhivska, condensates, Congo, Debeslavetska, Dniepr-Donetz basin, drilling, Egypt, energy, ENI, Europe, Exploration & Production, exploring, footprint, hydrocarbon, integrated business model, IOC, Iraq, Italy, joint venture, Kazakhstan, Kiev, LLC WESTGASINVEST, London, Lublin Basin, Lviv Basin, Major, marketing, mature fields, Memorandum of Understanding (MOU), Minsk Energy Resources, MoU, Nak Nadra Ukrayny, Norway, oil and gas, onshore gas, petroleum, Pokrovskoe, Poland, Polish Baltic Basin, producing, proven reserves, reserves, seismic processing, shale gas, Sicily, Texas, transforming, transporting, Ukraine, upgrading, USA, Val d'Agri, Venezuela, well drilling, WESTGASINVEST, Zagoryanska
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Posted in One day - One News | Leave a comment
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