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Barrel Of Oil Equivalent
The barrel of oil equivalent (BOE) is a unit of energy based on the approximate energy released by burning one barrel (, or about ) of crude oil. The BOE is used by oil and gas companies in their financial statements as a way of combining oil and natural gas reserves and production into a single measure, although this energy equivalence does not take into account the lower financial value of energy in the form of gas. The U.S. Energy Information Administration defines the barrel of oil equivalent as about . The value is necessarily approximate as various grades of oil and gas have slightly different heating values. If one considers the lower heating value instead of the higher heating value, the value for one BOE would be approximately 5.4 GJ (see tonne of oil equivalent). Typically is equivalent to one BOE. The United States Geological Survey The United States Geological Survey (USGS), founded as the Geological Survey, is an agency of the U.S. Department of the Inte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Units Of Energy
Energy is defined via work, so the SI unit of energy is the same as the unit of work – the joule (J), named in honour of James Prescott Joule and his experiments on the mechanical equivalent of heat. In slightly more fundamental terms, is equal to 1 newton metre and, in terms of SI base units :1\ \mathrm = 1\ \mathrm \left( \frac \right ) ^ 2 = 1\ \frac An energy unit that is used in atomic physics, particle physics, and high energy physics is the electronvolt (eV). One eV is equivalent to . In spectroscopy, the unit cm−1 ≈ is used to represent energy since energy is inversely proportional to wavelength from the equation E = h \nu = h c/\lambda . In discussions of energy production and consumption, the units barrel of oil equivalent and ton of oil equivalent are often used. British imperial / US customary units The British imperial units and U.S. customary units for both energy and work include the foot-pound force (1.3558 J), the British ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Geological Survey
The United States Geological Survey (USGS), founded as the Geological Survey, is an agency of the U.S. Department of the Interior whose work spans the disciplines of biology, geography, geology, and hydrology. The agency was founded on March 3, 1879, to study the landscape of the United States, its natural resources, and the natural hazards that threaten it. The agency also makes maps of planets and moons, based on data from U.S. space probes. The sole scientific agency of the U.S. Department of the Interior, USGS is a fact-finding research organization with no regulatory responsibility. It is headquartered in Reston, Virginia, with major offices near Lakewood, Colorado; at the Denver Federal Center; and in NASA Research Park in California. In 2009, it employed about 8,670 people. The current motto of the USGS, in use since August 1997, is "science for a changing world". The agency's previous slogan, adopted on its hundredth anniversary, was "Earth Science in the Pub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petroleum Economics
Petroleum, also known as crude oil or simply oil, is a naturally occurring, yellowish-black liquid chemical mixture found in geological formations, consisting mainly of hydrocarbons. The term ''petroleum'' refers both to naturally occurring unprocessed crude oil, as well as to petroleum products that consist of refined crude oil. Petroleum is a fossil fuel formed over millions of years from anaerobic decay of organic materials from buried prehistoric organisms, particularly planktons and algae, and 70% of the world's oil deposits were formed during the Mesozoic. Conventional reserves of petroleum are primarily recovered by drilling, which is done after a study of the relevant structural geology, analysis of the sedimentary basin, and characterization of the petroleum reservoir. There are also unconventional reserves such as oil sands and oil shale which are recovered by other means such as fracking. Once extracted, oil is refined and separated, most easily by distil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petroleum Reserves
Oil and gas reserves denote ''discovered'' quantities of crude oil and natural gas from known fields that can be profitably produced/recovered from an approved development. Oil and gas reserves tied to approved operational plans filed on the day of reserves reporting are also sensitive to fluctuating global market pricing. The remaining resource estimates (after the reserves have been accounted) are likely sub-commercial and may still be under appraisal with the potential to be technically recoverable once commercially established. Natural gas is frequently associated with oil directly and gas reserves are commonly quoted in barrels of oil equivalent (BOE). Consequently, both oil and gas reserves, as well as resource estimates, follow the same reporting guidelines, and are referred to collectively hereinafter as ''oil & gas''. Quantification As with other mineral resource estimation, detailed classification schemes have been devised by industry specialists to quantify volu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Giga-
Giga- ( or ) is a unit prefix in the metric system denoting a factor of a short-scale billion or long-scale milliard (109 or 1,000,000,000). It has the symbol G. ''Giga-'' is derived from the Greek word (''gígas''), meaning "giant". The ''Oxford English Dictionary'' reports the earliest written use of ''giga'' in this sense to be in the Reports of the IUPAC 14th Conférence Internationale de Chimie in 1947: "The following prefixes to abbreviations for the names of units should be used: G giga 109×." However, it was already used in 1932 by the German organization ''Verband deutscher Elektrotechniker''. When referring to information units in computing, such as gigabyte, giga may sometimes mean (230); this causes ambiguity. Standards organizations discourage this and use giga- to refer to 109 in this context too. ''Gigabit'' is only rarely used with the binary interpretation of the prefix. The binary prefix gibi has been adopted for 230, while reserving ''giga'' exclusive ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mega-
Mega is a metric prefix, unit prefix in metric systems of units denoting a factor of one million (106 or 1000000 (number), ). It has the unit symbol M. It was confirmed for use in the International System of Units (SI) in 1960. ''Mega'' comes from . Common examples of usage * Megapixel: 1 million pixels in a digital camera * One megatonne of TNT equivalent amounts to approx. 4 petajoules and is the approximate energy released on igniting one million tonnes of TNT. The unit is often used in measuring the explosive power of nuclear weapons. * Megahertz: frequency of electromagnetic radiation for radio and television broadcasting, GSM, etc. 1 MHz = 1,000,000 Hertz, Hz. * Megabyte: unit of information equal to one million bytes (SI standard). * Megawatt: equal to one million watts of power. It is commonly used to measure the output of power plants, as well as the power consumption of electric locomotives, data centers, and other entities that heavily consume electricity. * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kilo-
Kilo is a decimal prefix, decimal metric prefix, unit prefix in the metric system denoting multiplication by one thousand (103). It is used in the International System of Units, where it has the symbol k, in Letter case, lowercase. The prefix ''kilo'' is derived from the Greek language, Greek word (), meaning "thousand". In 19th century English it was sometimes spelled chilio, in line with a Linguistic purism, puristic opinion by Thomas Young (scientist), Thomas Young. As an opponent of suggestions to introduce the metric system in Britain, he qualified the nomenclature adopted in France as barbarous. Examples * one kilogram (kg) is 1000 grams * one kilometre (km) is 1000 metres * one kilojoule (kJ) is 1000 joules * one kilolitre (kL) is 1000 litres * one kilobaud (kBd) is 1000 bauds * one kilohertz (kHz) is 1000 hertz * one kilodalton (kDa) is 1000 Dalton (unit), daltons * one kilobit (kb) is 1000 bits * one kilobyte (kB) is 1000 bytes * one kiloohm is (kΩ) is 1000 ohms * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Society Of Petroleum Engineers
The Society of Petroleum Engineers (SPE) is a 501(c)(3) not-for-profit professional organization. SPE provides a worldwide forum for oil and natural gas exploration and production (E&P) professionals to exchange technical knowledge and best practices. SPE manages OnePetro and PetroWiki, in addition to publishing magazines, peer-reviewed journals, and books. SPE also hosts more than 100 events each year across the globe as well as providing online tools and in-person training opportunities. SPE's technical library (OnePetro) contains more than 314,000 technical papers—products of SPE conferences and periodicals, made available to the entire industry. SPE has offices in Dallas, Houston, Calgary, Dubai and Kuala Lumpur. SPE is a professional association for more than 127,000 engineers, scientists, managers, and educator A teacher, also called a schoolteacher or formally an educator, is a person who helps students to acquire knowledge, competence, or virtue, via the pract ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tonne Of Oil Equivalent
The tonne of oil equivalent (abbreviated toe) is a unit of energy defined as the amount of energy released by burning one tonne of crude oil. It is approximately 42 gigajoules or 11.630 megawatt-hours, although as different crude oils have different calorific values, the exact value is defined by convention; several slightly different definitions exist. The ''toe'' is sometimes used for large amounts of energy. Multiples of the ''toe'' are used, in particular the megatoe (Mtoe, one million toe) and the gigatoe (Gtoe, one billion toe). A smaller unit of kilogram of oil equivalent (kgoe or koe) is also sometimes used denoting 1/1000 toe. A related concept is the physical quantity oil-equivalent mass (or mass of oil equivalent), expressed in the ordinary units of mass and its multiples: kilogram (kg), megagram (Mg) or tonne (t), etc. Definitions The International Energy Agency defines one '' tonne of oil equivalent'' (toe) to be equal to: *1 toe = 11.63 megawatt-hours (MWh) *1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barrel (unit)
A barrel is one of several units of volume applied in various contexts; there are dry barrels, fluid barrels (such as the U.K. beer barrel and U.S. beer barrel), oil barrels, and so forth. For historical reasons, the volumes of some barrel units are roughly double the volumes of others; volumes in common use range approximately from . In many connections, the term is used almost interchangeably with ''barrel''. Since medieval times, the term as a unit of measure has had various meanings throughout Europe, ranging from about 100 litres to about 1,000 litres. The name was derived in medieval times from the French , of unknown origin, but still in use, both in French and as derivations in many other languages, such as Italian, Polish, and Spanish. In most countries, such usage is obsolescent, having been superseded by SI units. As a result, the meaning of corresponding words and related concepts (vat, cask, keg etc.) in other languages often refers to a physical co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Higher Heating Value
The heating value (or energy value or calorific value) of a substance, usually a fuel or food (see food energy), is the amount of heat released during the combustion of a specified amount of it. The ''calorific value'' is the total energy released as heat when a substance undergoes complete combustion with oxygen under standard conditions. The chemical reaction is typically a hydrocarbon or other organic molecule reacting with oxygen to form carbon dioxide and water and release heat. It may be expressed with the quantities: * energy/ mole of fuel * energy/mass of fuel * energy/volume of the fuel There are two kinds of enthalpy of combustion, called high(er) and low(er) heat(ing) value, depending on how much the products are allowed to cool and whether compounds like are allowed to condense. The high heat values are conventionally measured with a bomb calorimeter. Low heat values are calculated from high heat value test data. They may also be calculated as the difference betwe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
