Home > Industry/Domain > Oil & gas > Oil

Oil

This category refers to oil as petroleum, a liquid flammable that occurs in nature that has a complex mixture of hydrocarbons and other varying liquid organic compounds. Oil is found in geologic formations under the Earth's surface.

Contributors in Oil

Oil

Exxon Mobil Corporation

Oil & gas; Oil

An American multinational oil and gas corporation. It is a direct descendant of John D. Rockefeller's Standard Oil company, and was formed on November 30, 1999, by the merger of Exxon and Mobil. Its ...

Petroleum revenue tax (prt)

Oil & gas; Oil

A tax levied by the UK Government on net income from petroleum production in the UK sector after deducting all costs, Royalties and certain other allowances, this tax is deductible in computing ...

Corporation tax

Oil & gas; Oil

Tax paid to the UK government on the net profit made by a company after payment of Royalty, Petroleum Revenue Tax and all allowable expenses.

Unsaturated hydrocarbon

Oil & gas; Oil

A hydrocarbon (such as ethene or ethyne) containing one or more double or triple carbon-to-carbon bonds in its molecule.

Plastomer

Oil & gas; Oil

A molecule or combination of molecules that can form the basis of a polymer or plastic.

Specialty chemical

Oil & gas; Oil

A chemical made in a relatively small quantity for a particular application

Tax paid cost

Oil & gas; Oil

The actual cost to an oil company of the oil it produces in a particular county (all costs incurred plus amounts paid to the state in Royalties, rentals and taxes).

Featured blossaries

MWC 2015

Category: Technology   2 2 Terms

Panerai Watch

Category: Objects   1 3 Terms