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Terms in Glossary

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Tutorials & Guides

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FIFO

FIFO: A Cornerstone of Oil & Gas Inventory Management

FIFO, short for First In, First Out, is a cornerstone principle in inventory management, especially crucial in the oil and gas industry where co…

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Multi-Year Contract

The Multi-Year Contract: A Cornerstone of Oil & Gas Stability

In the volatile world of oil and gas, where fluctuating prices and unpredictable market conditions reign, multi-year contracts offer a b…

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Readiness Assessment

Readiness Assessment: A Crucial Step in Oil & Gas Construction and Commissioning

In the complex world of oil and gas construction and commissioning (C/SCSC), ensuring a smooth and efficient transiti…

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mud hose

The Mud Hose: A Vital Link in the Drilling Chain

In the world of oil and gas exploration, the term "mud hose" might not sound glamorous, but it plays a crucial role in the drilling process. Also kn…

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Solicitation

Understanding Solicitation in the Oil & Gas Industry: A Critical Step in Procurement

In the fast-paced world of oil and gas, efficiency and cost-effectiveness are paramount. From drilling equipment…

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Personnel

The Vital Force of Oil & Gas: Understanding "Personnel"

In the demanding world of oil and gas, the term "personnel" goes beyond a simple list of names on a roster. It encompasses a diverse, skilled,…

On The Wire


April 10, 2023

Terminologies

This guide describes the commonly recommended lists of standard definitions of terms used in proce…

May 10, 2023

What Is a Work Breakdown Structure?

ccess the management of any type of project you need to use the right planning techniques :

April 10, 2023

Safety Relief Valve Calculations

This standard for Safety Relief Valve Calculations has been developed to standardize the method of …

April 24, 2024

Plant Layout and Spacing

This Design Guide describes the minimum requirements for layout and spacing of equipment for refin…

April 10, 2023

Dangerous substances

Explosive substances and preparations: solid, liquid, pasty or gelatinous substances and preparatio…

May 5, 2023

Automatic Valves

The third essential function of a control loop is measurement correction by a device called the Cor…

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