One day – One Word
Definition Methanol is the contraction of Methyl Alcohol. Methanol may also be called, wood alcohol or wood spirit because it can be produced as a by-product of the wood distillation. Methanol is a light, colorless, flammable liquid at room temperature, and contains less carbon and more hydrogen than any other liquid fuel. Comments Methanol occurs naturally […]
Definition Condensate is referring to the natural gas liquids (NGLs) contained in the raw gas. Comments The raw gas or gas is made of natural gas (methane) and condensate. When the gas is produced from the reservoir it contains roughly 80%-95% methane and 20%-5% condensate. These condensate or natural gas liquids (NGLs) are mainly ethane, ethylene, […]
Definition Regasification is the physical process by which liquefied natural gas (LNG) is heated to be returned into its gaseous state. Comments The natural gas is liquefied to facilitate its transportation as its volume reduces by 600 times from its gaseous state. To be liquefied, the natural gas needs to be cooled down to -161 degrees Celsius to condensate […]
Definition Liquefaction refers to the physical transformation of gas into liquid. In the oil and gas industry this liquefaction of gas may be processed just by compression, just by refrigeration, or both in combination depending on the gas. Comments In most of the cases the gas liquefaction is performed for storage and transportation purpose. Previous […]
Definition BOP is the acronym of Blow Out Preventer or Blowout Preventer. The Blow Out Preventer (BOP) is a safety equipment to prevent the well to blowout. Designed and engineered for high oil and gas pressures, it is installed on the top of the well casing to contain anything to pass through and generate sub-sea leakages […]
Definition Tie-back in the offshore oil and gas upstream activities refer to the connection of additional risers to the floating vessel or platform. Comments Originally the offshore oil and gas industry used to focus on large fields that could be explored and produced in drilling strait below the floating vessel or the platform. But the high […]
Definition Depletion refers to the decline of production of an oil or gas field. Depletion may also be used for accounting in a similar way as depreciation to allow an owner or operator to account for the reduction of a product’s reserves. For tax purposes, there are two types of depletion; cost depletion and percentage depletion. Comments […]
Definition Brownfield refers to project of expansion or revamping or services on an existing facility By opposition greenfield is the common word to describe a new project. Comments In that respect a brownfield investment covers also the situation where a company or government entity purchases or leases existing production facilities to launch a new production activity. This is one […]
