The American Petroleum Institute produces standards, recommended practices, specifications, codes and technical publications, reports and studies that cover each segment of the industry. Actions Business Process Standards for the Oil and Gas Industry Like other industries, standards are important to the smooth operation and interchange of information in oil and gas.
FERC — Federal Energy Regulatory Commission The Federal Energy Regulatory Commission FERC oversees energy industries in the economic, environmental, and safety interests of the American public and regulates the interstate transmission of natural gas, oil, and electricity as well as natural gas and hydropower projects.
They include standards for: They come from all segments of the industry including producers, refiners, suppliers, pipeline operators and marine transporters, as well as service and supply companies that support all segments of the industry.
PMML is important for the provision of real-time analytics based on data mining models. The Joint Interest Bill is used by one party in a joint venture to bill another party in the venture for monies that are due.
Revenue Check is used by joint venture partners during the production revenue accounting process to allocate revenue according to their shares. They also include standards for oil and gas specific processes, such as: They cover standards managing and operating upstream exploration, development and production of crude petroleumas well as downstream refining, downstream marketing and retailand business standards used to help manage oil and gas companies in their day-to-day operations.
The PPDM model is designed to be used for the database structure behind oil and gas software applications. The emphasis is on near-real time optimization i. Energistics has also taken responsibility for the Production Markup Language PRODML standard that supports data exchange between applications and data stores in the office domain typically data historian and technical analysis applications.
They play a key regulatory role in the USA.Like other industries, standards are important to the smooth operation and interchange of information in oil and gas. They cover standards managing and operating upstream (exploration, development and production of crude petroleum), as well as downstream.
Glossary of Terms Used in the Petroleum Industry: The supply of crude oil, natural gas liquids, or natural gas to a Fuel Oil: Refined petroleum products used as a fuel for home heating and industrial and utility boilers.
Fuel oil is divided into two. Changing times in the oil and gas industry When the crude oil export ban was lifted in Januarymany broadly viewed it as good for the industry and free trade but were not quite sure about its impact. was the year the United States confirmed its growing status as an energy exporter.
more than million barrels of crude oil per day, Texas leads the nation in crude oil-refining capacity. of nation’s total refining capacity is located in Texas. Innova-tion in the natural gas industry has further solidified Texas’ role as the nation’s energy leader over the past few years.
facilities producing products for the. With this IBISWorld Industry Research Report on Oil Drilling & Gas Extraction in Texas, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions. Learn about the geopolitical issues surrounding global oil & gas supply and transportation; TRAINING METHODOLOGY.
The Understanding Success Factors in the Oil & Gas Industry training course will combine presentations with interactive practical exercises, supported by videos, activities and case studies.Download