05.07.2009
A hot oil unit is designed to circulate heated fluid into piping, tubing, casing, or tanks for a variety of reasons, including the removal of paraffin and tar-based oils
Takeover attempt by one company of another that is strongly resisted by the target firm, such as when BG tried to take over the Australian company Origin Energy in mid 2008 in a hostile take-over and which was eventually foiled
The government of the foreign country in which the crude oil or natural gas is produced.
A relatively high-standing area formed by the movement of normal faults that dip away from each other. Horsts occur between low-standing fault blocks called graben
The Strait of Hormuz is a narrow (34 km at its narrowest width) strategically important waterway between the Gulf of Oman in the southeast and the Persian Gulf in the southwest, Iran on the north coast and the United Arab Emirates on the south coast. Between 20-40% of the world’s oil supply passes through the Strait. Iran has threatened that if its nuclear power infrastructure is bombed it will close down the strait
A company that manages production establishments located in different countries to produce the same or similar products
A horizontal merger is when two companies competing in the same market merge or join together. This type of merger can either have a very large effect or little to no effect on the market
Special case where the directional drilling is at an angle greater than 80°