Category: Oil and Gas business

The landowner’s share of net oil / gas production, taken in the form of crude oil / natural gas rather than in cash

These stations have a scraper (for pipeline cleaning through a pig cleaner) launcher and receiver, valve assemblies, and piping. The sampling stations as well as the injection stations are inside a station (pipeline valve station [PS], PC, or compressor station) and are not separate in this specification

Saudi Arabia sits atop the world’s biggest known energy reserves — 264 billion barrels of oil and nearly 258 trillion cubic feet of gas and produces some 9,600,000 barrels of oil a day

This index represents the oil and gas exploration and production sub-industry portion of the S&P Total Market Index providing data on the 37 largest global O&G companies, with an average market share of $31 billion

State owned oil company of Saudi Arabia and the largest oil corporation in the world. Saudi Arabian Oil Company produces, manufactures, markets and ships crude oil, natural gas and petroleum products to meet the global demand. Saudi Arabia has stewardship over the world’s largest oil reserves–one quarter of the global total– at 264 billion barrels

To connect pipe together and lower the connected length into the borehole in a controlled fashion

A device to remove dirt, water, foreign matter, or undesired liquids that are part of the gas flowstream. Air can be used to absorb water; also an oil bath might be useful to remove dust, dirt or other liquids. A scrubber is used to protect downstream rotating equipment or to recover valuable liquids from gas