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Oil

This category refers to oil as petroleum, a liquid flammable that occurs in nature that has a complex mixture of hydrocarbons and other varying liquid organic compounds. Oil is found in geologic formations under the Earth's surface.

Industry: Oil & gas

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Oil

feedstock

Oil & gas; Oil

The supply of crude oil, natural gas liquids or natural gas to a refinery or petrochemical plant or the supply of some refined fraction of intermediate petrochemical to some other process.

aviation turbine kerosene (atk)

Oil & gas; Oil

A medium-light fuel burned in jet and turbo-prop aircraft engines.

stabilizer tower

Oil & gas; Oil

A fractionating column used to lower the vapor pressure of gasoline products during the refining process.

light fractions

Oil & gas; Oil

The low-molecular-weight, low-boiling point fractions that emerge from the upper part of a fractionating column during the oil refining process.

production license

Oil & gas; Oil

A licence to produce oil or gas in a particular area issued to a company by the governing state.

statoil

Oil & gas; Oil

The state-owned corporation set up by the Norwegian Government to manage the country's participation interests in the Norwegian sector of the continental shelf.

petroleum revenue tax (prt)

Oil & gas; Oil

A tax levied by the UK Government on net income from petroleum production in the UK sector after deducting all costs, Royalties and certain other allowances, this tax is deductible in computing ...