|
Abandon |
To stop
work on a well that is non-productive. To plug off the well with cement plugs
and salvage all recoverable equipment. |
|
Abandoned-Dry |
A well that
does not produce oil or gas in commercial quantities. |
|
Acid Rain |
Oxides of
sulfur and nitrogen, often released as byproduct of coal combustion, combine
with hydrogen ions from atmospheric moisture and oxidize during long range,
high altitude movement, forming acidic (low pH) compounds which fall in rain
or snow. |
|
Active Solar |
A system in
which mechanical or electrical devices are used to transform solar energy
into heat for space heating or other useful products. Contrasts with passive solar. |
|
Advanced
Gas-cooled Reactor (AGR) |
A nuclear
power reactor, developed mainly in the U.K. and France, using enriched
uranium as fuel, carbon dioxide as coolant, and graphite as moderator. |
|
Alberta oil
sand(s) deposits |
The four
deposits, Athabasca, Peace River, Cold Lake and Wabasca, have total resource
in place estimated at more than 1.7 trillion to 2.5 trillion barrels. The
Athabasca Oil Sands deposit, Alberta's largest and most accessible source of
bitumen, contains more than one trillion barrels of bitumen over an area
encompassing more than 30,000 square kilometres. |
|
Alkylation |
A process
used extensively by the petroleum refining industry to produce very
high-octane blending components for motor gasoline production by combining
light olefins (primarily mixtures of propylene and butylenes) with isobutane.
|
|
Allocation
Controls |
Government
policy which specifies quantities of goods or services that potential
customers may purchase. Occasionally used to regulate energy commodities
during times of emergency. |
|
Allowed
Return on Common Equity |
Return on
common equity that regulators permit utilities and pipeline companies to
earn. A high allowed return on equity will permit a regulated company to earn
a higher income by charging more for its products or services. |
|
Alpha Particle |
A heavy
particle produced by the radio-active decay process and consisting of two
protons and two neutrons, thus carrying an elementary charge of +2. It is
identical to the nucleus of a helium atom. |
|
Ammonium
sulphate slurry |
A mix of
sulphur dioxide and other emissions that can be used to manufacture
marketable ammonium sulphate fertilizer. |
|
Aniline Point |
The lowest
temperature at which equal volumes of freshly distilled aniline and a
material being tested are completely miscible. |
|
Annulus |
Space
between the drill string and the well wall; casing strings; the casing and
the production tubing. |
|
Anthracite |
A variety
of coal with a high heat content (25-33 GJ/tonne). ASTM coal classification
by rank: dry fixed carbon-at least 92% but less than 98%, dry volatile matter
- 8% or less but more than 2% on a mineral free basis. Known as "hard coal." |
|
API Gravity |
gravity of
crude oil or other liquid hydro-carbon, as measured by a system developed by
the American Petroleum Institute. API gravity bears an inverse relationship
to true specific gravity, but is more familiar than the decimal fractions
which result when petroleum is described according to its specific gravity. |
|
Appraisal Well |
A well
drilled to determine the physical extent, reserves and likely production rate
of a field. |
|
Arab Oil
Embargo of 1973-74 |
During the
Arab-Israeli War in October 1973, Arab oil-producing nations agreed to cut
off oil shipments to the United States and the Netherlands because they
supported Israel. Arab producers simultaneously reduced output. In practice,
the shortfall was spread among all oil-importing nations. World prices moved sharply higher. |
|
Aromatics |
So-called
because of their generally pleasant odour, aromatics consist of a basic
hydrocarbon group comprising most organic chemicals thus far synthesized. The
most common aromatics are benzene, toluene and xylene. The aromatics as a
group form one of the three major classifications of hydrocarbons derived from
crude oil: the other two are paraffins and naphthenes. |
|
Ash |
The
incombustible solid matter in fuel. Ash content is one common measure of the
quality of coal. |
|
Asphalt |
A dark
brown or black, semi-solid or solid material, of which the main constituents
are petroleum bitumens. Also called pitch, asphalt is produced from the
residuum of petroleum refining. |
|
Associated Gas |
Natural gas
which overlies and is in contact with crude oil in the reservoir, except
where the volume of oil is small and where production of such gas does not
significantly affect recovery of the crude oil. |
|
Atmospheric
Distillation |
The first
process in a petroleum refinery, in which crude oil is separated into
fractions according to boiling point. The crude is boiled at atmospheric
pressure, and the vapour rises through a distillation column. Its components
(or fractions) are drawn off as they condense in the tower. Also called crude oil distillation.
|
|
Atomic Energy |
All energy,
of whatever type, derived from or created by the transmutation of atoms. Also called nuclear energy. |
|
Backfitting |
Modifying
equipment to make changes or add features that have been included in later
models, often done for energy conservation reasons. Also called retrofitting. |
|
Background
Radiation |
The natural ionizing radiation of
man's environment, including cosmic rays from outer space, naturally
radioactive elements in the ground, and naturally radioactive elements in the
human body. |
|
Balance of
Payments |
A tabulation of a nation's
transactions with the rest of the world, showing the extent to which domestic
goods, services and assets have been transferred to foreign countries and
vice versa. |
|
Balance of
Trade |
The difference between receipts
from foreign sources for a nation's goods and services and payments to
foreign sources for imported goods and services. |
|
Banking of
Energy |
The storage of energy by one
electrical utility in the form of water in the reserves of another. |
|
Barrel |
The standard
measurement in the oil industry. A barrel of oil equals 42 U.S. gallons or
0.158987 m3. The measurement originates from the wooden barrels used to
transport oil in the early days of oil production. |
|
Base Load |
The minimum
continuous electricity load over a given period of time. |
|
Base Load Capacity
|
Electricity
generating equipment that operates to meet the demand that continues
throughout the year. |
|
Basic Oxygen
Furnace |
A process used
in steel making. In this process molten raw iron, with added lime, is
subjected to jets of pure oxygen. The oxygen burns out the carbon to produce
steel. |
|
Battery |
Equipment used
to process or store crude oil from one or more wells. |
|
Benchmark
Price |
A benchmark is
a standard by which things are measured. A frequently used benchmark price
for oil is the price set by the Organization of Petroleum Exporting Countries
(OPEC) for Arabian Light crude, a 34o API gravity oil produced in Saudi
Arabia. The other OPEC nations set their official prices in accordance with
agreed differentials from the benchmark price. |
|
Benzene |
One of the
aromatic hydrocarbons, produced from crude oil via fractional distillation
and cataytic reforming, or from toluene via dealkylation. Large amounts of
benzene are used in motor fuels without separation from the hydrocarbon
mixture. When separated, it is used in the manufacture of several chemicals,
including syrene, phenol and cyclohexane. |
|
Beta Particle |
A light
particle produced by radioactive decay. It can be either positively charged
(positron) or negatively charged (negatron), although the latter is more
often found. A negative beta particle is identical to an electron. |
|
Beyond
Economic Reach Reserves |
Those
establised reserves that, because of size, geographic location or
composition, are not considered economically feasible for connection to a
pipeline at the present time. |
|
Biomass |
Any kind of
organic substance, such as wood, dry plants or organic wastes, that can be
turned into fuel. |
|
Bit |
The cutting or
boring element used in drilling oil and gas wells. |
|
Bitumen |
The
molasses-like substance that comprises up to 18% of oil sand. |
|
Bitumen |
Hydrocarbon
material of natural or pyrogenous origin, which may be gaseous, liquid,
semi-solid or solid and is completely soluble in carbon disulfide. Bitumens
are found in asphalt and mineral waxes. Generealy used in industry to mean
heavy oil. The term is also used to refer to the components of coal that are
soluble in organic solvents. |
|
Bitumen
cracking |
A process that
breaks large,complex hydrocarbon molecules into smaller, simpler compounds by
means of heat. |
|
Bituminous
Coal |
High-quality
coal with a high percentage of pure carbon, low ash and low moisture content,
and a heat content of approximately 26-70 GJ/tonne. Also called "soft
coal". ASTM Coal classification by rank on a mineral matter free basis
and with bed moisture only: low volatile Dry fixed carbon - at least 78% but
less than 86%, dry volatile matter - 22% or less but more than 14%. medium
volatile Dry fixed carbon - at least 69% but less than 78%, dry volatile
matter - 31% or less but more than 22%. high volatile (A) Dry fixed carbon -
less than 69%, dry volatile matter - more than 31%, moist Btu - 33 GJ/tonne
or more. high volatile (B) Moist Btu - at least 30 GJ/tonne but less than 33
GJ/tonne. |
|
Blowdown |
The production
of gas, either from the gas cap of an oil reservoir (normally after depletion
of the oil), or from a cycled gas pool upon cessation of the cycling
operation. |
|
Blow-Out |
Uncontrolled
flow of gas, oil or other well fluids from a well during drilling due to
formation pressure exceeding the pressure exerted by the column of drilling
mud. |
|
Blow-Out
Preventers (BOPS) |
High pressure
wellhead valves, designed to shut off the uncontrolled flow of hydrocarbons. |
|
Boiling Water
Reactor (BWR) |
A nuclear
power reactor cooled and moderated by light water and fuelled by enriched
uranium. The water is allowed to boil in the core to generate steam, which
passes directly to the turbine. |
|
Borehole |
The hole as
drilled by the drill bit. |
|
Break up |
The early
spring of the year, generally during April and May, when the frost comes out
of the ground causing softening and heaving of the roadbeds or muskeg. |
|
Breakout |
The act of
unscrewing one section of pipe from another section. |
|
Breeder
Reactor |
Usually a
reactor that creates more fissionable fuel than it consumes. In some usages,
a reactor that produces the same kind of fissionable fuel that it consumes,
regardless of the amount. The additional fissionable material is created when
neutrons are absorbed in fertile materials. The process in both usages is
known as breeding. |
|
British
Thermal Unit (Btu) |
The mean
British thermal unit is 1/180 of the heat required to raise the temperature
of 1 lb of water from 32oF to 212oF at a constant atmospheric pressure. It is
approximately equal to the quantity of heat required to raise the temperature
of 1 lb of water by 1oF. A Btu is equivalent to 252 calories; 3,413 Btu is
equivalent to 1 kilowatt-hour. |
|
Bunker C Oil |
Residual fuel
oil of high viscosity, commonly used in marine and stationary power plants.
Also referred to as Number 6 fuel oil. |
|
Butane |
A colourless,
odourless hydrocarbon gas, liquefied at relatively low pressure and therefore
easily stored in cylinder for use as a fuel. Butane (C4H10) is the heaviest
of the three natural gas liquids, and is a by-product of natural gas
processing plants and petroleum refineries. There are two isomers of butane:
normal butane and isobutane. |
|
Calandria |
A cylindrical
reactor vessel that contains the heavy water moderator in a CANDU reactor.
Hundreds of tubes extend from one end of the calandria to the other,
containing the uranium fuel and the pressurized high-temperature coolant. The
reactor core consists of all the components within the calandria. |
|
CANDU |
The Canadian
nuclear reactor system, moderated by heavy water (deuterium) and fuelled by
natural uranium. The name is derived from CANada, Deuterium and Uranium. |
|
Cap Gas |
Natural gas
trapped in the upper part of a reservoir and remaining separate from any
crude oil, salt water or other liquids in the well. |
|
Capability |
The maximum
electrical energy a system can supply under specified conditions in a given
time interval. Energy capability is the product of capacity and time, and is
expressed in kilowatt-hours, or some multiple thereof. |
|
Capacity
Factor |
The ratio of
the average load on a machine or equipment for the period of time considered
to be the capacity rating of that machine or equipment. |
|
Capacity,
Electrical |
The load for
which a generating unit, generating station, or other electrical apparatus is
rated, as stated usually by the manufacturer's nameplate rating. Sometimes
used synonymously with capability. Types of capacity: dependable the
load-carrying ability for the period specified when related to the
characteristics of the load to be supplied. The dependable capacity of a
station is determined by such factors as capability, operating power factor,
and the portion of a given load which the station is to supply. Peaking
Generating units or stations which are available to assist in meeting that
portion of peak load which is above base load. Purchase. The amount of firm power available for
purchase from a source outside the system to supply energy or reserve
capacity. Reserve Capacity maintained within a system to meet unusual demand
or to operate when normal units are undergoing maintenance. Reserve capacity
is classified according to status: cold - Thermal generating units available
for service but not maintained at operating temperature. Hot - Thermal
generating units available, up to temperature and ready for service, but not
actually in operation. Spinning - Generating units in operation and ready to
take load. |
|
Capital |
Short and
long-term debt, including capital lease obligations, plus total shareholders'
equity. |
|
Capital Ratio |
Applies to
banks and trust companies. Year-end assets divided by year-end total equity
(capital plus reserves). A low capital ratio is good. It indicates that a
higher proportion of the company's assets are financed by shareholders'
equity and reserves (as opposed to debt or deposits), which would make the
company stronger in an economic downturn. |
|
Capital
Spending |
Amount spent
on acquisition of fixed assets (equipment and machinery) and subsidiaries
during the year, less government grants received. Shows the extent to which a
company is replacing its fixed assets. By doing so, a company helps to ensure
that it will have sufficient productive capacity in the future. |
|
Capped Well |
A well capable
of production but lacking wellhead installations and a pipeline connection. |
|
Capping |
Closing in a
well to prevent the escape of gas. |
|
Capture Rate |
The proportion
of new customers selecting a particular fuel to meet their energy
requirements. |
|
Carbon dioxide
(CO2) |
A non-toxic
gas produced from decaying materials, respiration of plant and animal life,
and combustion of organic matter, including fossil fuels; carbon dioxide is
the most common greenhouse gas produced by human activities. |
|
Carbon Dioxide
(CO2) Flooding |
A tertiary
crude oil recovery process in which carbon dioxide is injected in the
reservoir under conditions which result in the mixing of the injected fluid
and the reservoir fluid, making the fluid more viscous and pumpable. |
|
Carbon
Monoxide Emissions |
Colourless,
odourless, toxic gas released into the air when carbon molecules are burned
incompletely. All forms of fossil fuel combustion emit carbon oxides. |
|
Cash Flow |
Income before
extraordinary items plus non-cash revenues (such as equity income). Cash flow
shows how much money is available for such things as the purchase of fixed
assets, retirement of debt and payment of dividends. |
|
Casing String |
Steel pipe,
threaded together and cemented into a well as drilling progresses to prevent
the wall of the hole caving in during drilling and to provide a means of
extracting oil/gas if the well is productive. |
|
Catalytic
Cracking |
A petroleum
refining process for breaking down heavy molecules in reduced crudes or other
feedstocks. The feedstock is treated in a large vessel at high temperature
and pressure in the presence of a catalyst. "Cat" cracking is a
development of the older method of thermal cracking, which employs only heat
and pressure. Catalytic cracking is generally preferred because it produces
less gas and other highly volatile by-products. It produces a motor fuel of
higher octane (by up to 15 MON) than the thermal process, and is more
efficient in the production of iso-paraffins and aromatics, both of which
have desirable anti-knock properties. |
|
Catalytic
Reforming |
The use of
controlled heat and pressure with catalysts, to cause cracking and
isomerization of the hydrocarbon molecules in low octane petroleum fractions.
The hydrocarbons formed are lower in molecule weight, somewhat more branched
and somewhat unsaturated, and so have higher octane numbers. Other types of
reforming exist, such as hydroforming. |
|
Cetane Number |
A numerical
index designed to reflect the ignition quality of diesel fuels. The cetane
number reflects the percentage of cetane in cetane/x-methyl naphthalene blend
equal in ignition quality to a specific sample of tested diesel fuel. |
|
Chemical
Flooding |
An enhanced
recovery process in which water, with added chemicals, is injected into an
oil reservoir to increase recovery. |
|
Chemi-thermo-mechanical
Pulping |
Same as
Thermo-mechanical pulping but with chemicals being added to the chips to
further refine the pulp by removing the lignin. |
|
Christmas Tree
|
The assembly
of fittings and valves on the top of the casing which control the production
rate of oil. |
|
CIF |
Literally,
"cost, insurance, freight," this term refers to a sale in which the
buyer agrees to pay a unit price that includes the free-on-board value of the
goods at the port of origin, plus all costs for insurance and transportation.
This type of transaction differs from a "delivered" agreement in
that it generally does not include duty, and the buyer accepts the quantity
and quality at the loading port (as certified by the Bill of Lading and
Quality Analysis Report), rather than pay according to quantity/quality as
determined at the loading port. Risk and title are transferred from the
seller to the buyer at the loading port, although the seller is obliged to
provide insurance (usually FPA type) in a transferable policy at the time of
loading. It is similar to an fob transaction, except that the seller, as a
service for which he is compensated, arranges for transportation and
insurance. |
|
|
|
|
City Gate
Price |
The unit price
charged by a transmission company for natural gas transported via pipeline to
a distribution company in a particular city or area. |
|
Clean Cargo |
A product that
leaves little residue in the holds of a tanker. Kerosene, gasoline, jet fuel
and middle distillates are clean cargoes; heavy oil is not. |
|
Cloud Point |
The
temperature at which wax begins to crystallize in a given sample of middle
distillate, giving it a cloudy appearance. The cloud point is higher than the
pour point, but wax will clog fuel filters at temperatures below the cloud
point, so the latter is an important specification for diesel fuel,
especially during winter. |
|
Coal
Benefication |
A method of
improving the quality of coal prior to combustion, for example, by washing
it. |
|
Coal
Gasification |
The chemical
conversion of coal to synthetic gaseous fuels. |
|
Coal
Liquefaction |
The chemical
conversion of coal to synthetic liquid fuels. The conversion may be either
direct or indirect: direct A process by which liquid fuels are produced from
the interaction of coal and hydrogen at high temperature and pressure.
indirect A process in which coal is first converted to synthetic gas, then
catalyzed to produce hydrocarbons or methanol. Additional processing can
convert methanol to gasoline. |
|
Coal Slurry
Pipeline |
A pipeline
used to transport coal over long distances after mixing the crushed coal with
water or some other fluid. |
|
Coal Washing |
The process of
cleaning coal with water and certain additives before burning it, to remove
some of the impurities. Most impurities tend to be heavier than coal and sink
to the bottom of the water mixture, so the clean coal can be skimmed off. |
|
Coalbed Methane
(CBM) |
Natural gas
trapped in coal seams. |
|
Cogeneration |
An energy
conversion system producing both electricity and process steam or steam for
heating with a resultant overall improvement in conversion efficiency. It
usually involves increasing the temperature and/or pressure of steam required
for process use, extracting part of the heat for electricity production and
discharging the remainder at appropriate conditions for process requirements.
|
|
Cokers |
Vessels in
which bitumen is cracked into its fractions and from which coke is withdrawn
to start the process of converting bitumen to upgraded crude oil. |
|
Coking |
In petroleum
refining, a relatively severe thermal cracking process designed to completely
convert residual oils into gases, naphtha, gas-oil and coke. The gas-oil
fraction is usually the major product obtained from coking, and is used
primarily as catalytic cracker feedstock. The coke obtained from the process
is usually consumed as fuel, although there are a number of specialized
products made from coke, such as electrode raw material, chemicals and
metallurgical coke. These latter products require further processing of the
basic petroleum coke obtained from this process. There are several different
coking processes employed commercially, including delayed coking, fluid
coking and Fexicoking. |
|
Coking Coal |
Coal which
meets specific processibility criteria and which has a sufficiently low
percentage of contaminants for the production of metallurgical coke,
essential to the manufacture of steal. |
|
Collector,
Solar |
A solar
collector or absorber is used to gather solar radiation. In the process, the
radiation undergoes a change in its energy spectrum and is converted to heat.
|
|
Commercial
Field |
An oil and/or
gas field judged to be capable of producing enough net income to make it
worth developing. |
|
Commercial
In-Service Date |
The date at
which a new unit has completed its testing and is turned over to operating
staff for normal system operation. |
|
Common Carrier
|
A company or
individual licensed by government to operate bulk transportation services for
hire. Some pipeline companies are common carriers, others carry only products
that they have previously purchased and intend to resell. |
|
Completed Well
|
A well made
ready to produce oil or natural gas. Completion involves cleaning out the
well, running steel casing and tubing into the hole, adding peermanent
surface control eqipment and perforating the casing so oil or gas can flow
into the well and be brought to the surface. |
|
Completion |
The
installation of permanent wellhead equipment for the production of oil and
gas. |
|
Condensate |
Hydrocarbons
which are in the gaseous state under reservoir conditions and which become
liquid when temperature or pressure is reduced. A mixture of pentanes and
heavier hydrocarbons. |
|
Consumer
Tankwagon Price |
The delivered
price of petroleum products sold to the end-user. |
|
Containment |
The
structures, within and including the reactor building, designed to prevent
any material that may escape from a nuclear reactor from reaching the outside
environment. The reactor containment usually employs steel and thick
concrete. |
|
Continuous
Casting |
A process that
directly casts molten steel in a primary mill into smaller and thinner
sections without the need for reheating steel ingots. |
|
Contract |