Home > Industry/Domain > Oil & gas > Oil

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

Add a new term

Contributors in Oil

Become a Contributors

Oil

tax paid cost

Oil & gas; Oil

The actual cost to an oil company of the oil it produces in a particular county (all costs incurred plus amounts paid to the state in Royalties, rentals and taxes).

uplift

Oil & gas; Oil

The amount of oil that can be recovered from a field annually before taxes have to be paid.

penlane

Oil & gas; Oil

The saturated hydrocarbon (alkane) with five carbon atoms in its molecule (C5H12) the fifth member of the paraffin series - a liquid under normal conditions.

plastomer

Oil & gas; Oil

A molecule or combination of molecules that can form the basis of a polymer or plastic.

derived fuel (energy)

Oil & gas; Oil

A fuel (or form of energy) which basic fuel such as coal or oil (e g electricity, coke or town gas).

self-sufficiency

Oil & gas; Oil

The situation that arises when oil companies operating within a given nation's boundaries produce enough oil or gas to meet the nation's domestic needs.