Category: Oil and Gas business

When clays within a fault zone are smeared as the layers of rock slip past one another it is known as fault gouge

ExxonMobil is the world’s largest integrated oil company (ahead of BP and Royal Dutch Shell). In 1882, John D. Rockefeller founded the Standard Oil Company, the predecessor of the present ExxonMobil company. Exxon Mobil engages in oil and gas exploration, production, supply, transportation, and marketing worldwide. It has proved reserves of 13.6 billion barrels of oil equivalent. Exxon Mobil’s 40 refineries in 20 countries have a capacity of producing 6.4 million barrels per day. It has a current (2008) market value of close to $500 billion

If an award of a field is made to a bidder, the Bidder shall receive a Field Purchase Order to furnish the awarded item(s) in accordance with the Standard Field Purchase Order Terms and Conditions

Industries involved in the activities of (1) prospecting and exploring for (non-regenerative) natural resources, (2) acquiring them, (3) further exploring them, (4) developing them, and (5) producing (extracting) them from the earth

Entrained gas – Formation gas that enters the drilling fluid in the annulus.

Entrained liquid – Liquid in any form carried along or
suspended in a stream of natural gas

Those reserves recoverable under current technology and present and anticipated economic conditions. Also a term commonly used in reference to total proved reserves plus half probable reserves

Such as the entry point and exit points of the natural gas transmission system. The entry point is where the gas enters the system after the producer’s terminal and the exit points would be the consumers, such as IEC’s power stations.

Entry point is the point where transmission capacity can be traded or contracted in order to input natural gas into the national network.

Exit point is a point where the transmission capacity can be contracted or traded to withdraw natural gas from teh national network.

One of Italy’s largest companies and one of the world’s largest oil and gas companies. Eni SpA, an integrated energy company, operates in the oil and gas, electricity generation, petrochemicals, oilfield services, and engineering industries. Its Exploration & Production segment involves in the oil and natural gas exploration, field development, and production, as well as liquefied natural gas (LNG) operations in 36 countries, including Italy, the United Kingdom, Norway, Libya, Egypt, Angola, Nigeria, Congo, the United States, Kazakhstan, Russia, and Australia. The company’s Gas & Power segment supplies, transports, distributes, and markets natural gas. This segment also produces electricity and steam with a total installed capacity of approximately 4.9 gigawatts; and operates a re-gasification terminal, and high and medium pressure pipelines for natural gas transport in Italy. Its Refining & Marketing segment involves in refining and marketing of petroleum products. The company is involved in the offshore construction, including fixed platform installation, subsea pipe laying, and floating production systems, and onshore construction, as well as provides offshore and onshore drilling services, and engineering and project management services to the oil and gas, refining, and petrochemical industries.