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Definitions (55)
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fpso
Floating Production, Storage and Offloading vessel
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bitumen
Bitumen is petroleum in a solid or semi-solid state in natural deposits with a viscosity greater than 10,000 centipoise measured at original temperature in the deposit and atmospheric pressure, on a g [..]
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carbonate
Sedimentary rock, primarily composed of calcium carbonate (limestone) or calcium magnesium carbonate (dolomite), which forms many petroleum reservoirs
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capital expenditures
Includes capitalized administrative expenses but does not include proceeds, other assets or capitalized interest
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capital program
Capital expenditures not including capitalized administrative expenses or capitalized interest
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coalbed methane
Methane (CH4), the principal component of natural gas, is adsorbed in the pores of coal seams
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cogeneration
The production of electricity and thermal energy from a common fuel source. Heat left over from industrial processes can be used to power an electric generator and conversely, surplus heat from an ele [..]
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decommissioning
The ending of operations and the withdrawal of a facility from service, followed by its transformation into an out-of-service state and eventually, its complete removal
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differentials
Discounts paid for Canadian heavy oil against benchmark West Texas Intermediate crude oil
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feedstock
Raw materials which are processed into petroleum products
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