Category: Oil and Gas business

Cars often use a diaphragm pump to move gasoline from the gas tank to the carburetor or fuel injection plugs

The Alaska gas pipeline that will transmit about 4 bcfd of natural gas from Alaska North Slope Gas to markets and will be the largest private sector construction project built in North America at a total estimated cost of $20 billion. The project combines the financial strength, arctic experience and technical resources of two of the most capable and experienced companies in the world, namely BP and ConocoPhillips. The project includes the construction of 700 miles of pipeline through Alaska, and then into Canada through the Yukon Territory and British Columbia to Alberta. Should it be required to transport gas from Alberta, the project will also include a large diameter pipeline from Alberta to the Lower 48 states.

Contract between a host country and an oil and gas exploration company which governs the operations of the fields and includes, inter alia, the terms of the cost recovery formula, determines the obligations of the company under its set work program (such as geologic and geophysical studies, acquire seismic data and drill exploration wells), with agreement between the parties on the fiscal terms which can include signature bonus to be paid by the company to the host government and other agreed upon terms

The angle at which a wellbore diverges from the vertical. Wells can deviate from vertical because of the dips in the beds being drilled through. Wells can also be deliberately deviated by the use of a whipstock or other steering mechanism

In this case the seller of the LNG arranges the shipping and title of the cargo is transferred at the destination or after loading.

Centrifugal device for removing sand from drilling fluids

Intrusion of fluid rock (e.g., molten rock, salt, or mud) caused by the difference in buoyancy and pressure between it and the overlying rock

A log for open-hole surveying that responds to variations in the specific gravity of formations. It works as a contact log in that the logging tool is held against the wall of the hole

Development budget (for the development of the field) and plans are proposed by the operator for the entirety of the development