Petrol

Petrol

a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. A fossil fuel, it is formed when large quantities of dead organisms, usually zooplankton and algae, are buried underneath sedimentary rock and undergo intense heat and pressure.

Industry: Energy

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Petrol

acquisition (foreign crude oil)

Energy; Coal

All transfers of ownership of foreign crude oil to a firm, irrespective of the terms of that transfer. Acquisitions thus include all purchases and exchange receipts as well as any and all foreign ...

acquisition (minerals)

Energy; Coal

The procurement of the legal right to explore for and produce discovered minerals, if any, within a specific area; that legal right may be obtained by mineral lease, concession, or purchase of land ...

acquisition costs, mineral rights

Energy; Coal

Direct and indirect costs incurred to acquire legal rights to extract natural resources. Direct costs include costs incurred to obtain options to lease or purchase mineral rights and costs incurred ...

acre-foot

Energy; Coal

The volume of water that will cover an area of 1 acre to a depth of 1 foot.

acreage

Energy; Coal

An area, measured in acres, that is subject to ownership or control by those holding total or fractional shares of working interests. Acreage is considered developed when development has been ...

active power

Energy; Coal

The component of electric power that performs work, typically measured in kilowatts (kW) or megawatts(MW). Also known as "real power." The terms "active" or "real" are used to modify the base term ...

active solar

Energy; Coal

As an energy source, energy from the sun collected and stored using mechanical pumps or fans to circulate heat-laden fluids or air between solar collectors and a building.