Petrol

Petrol

a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. A fossil fuel, it is formed when large quantities of dead organisms, usually zooplankton and algae, are buried underneath sedimentary rock and undergo intense heat and pressure.

Industry: Energy

Add a new term

Contributors in Petrol

Become a Contributors

Petrol

Balancing authority (electric)

Energy; Coal

The responsible entity that integrates resource plans ahead of time, maintains load-interchange-generation balance within a Balancing Authority Area, and supports Interconnection frequency in real ...

Advance royalty

Energy; Coal

A royalty required to be paid in advance of production from a mineral property that may or may not be recoverable from future production.

Balancing item

Energy; Coal

Represents differences between the sum of the components of natural gas supply and the sum of the components of natural gas disposition. These differences may be due to quantities lost or to the ...

Advances from municipality

Energy; Coal

The amount of loans and advances made by the municipality or its other departments to the utility department when such loans and advances are subject to repayment but not subject to current ...

Barrel

Energy; Coal

A unit of volume equal to 42 U.S. gallons.

Advances to municipality

Energy; Coal

The amount of loans and advances made by the utility department to the municipality or its other departments when such loans or advances are subject to current settlement.

Barrels per calendar day

Energy; Coal

The amount of input that a distillation facility can process under usual operating conditions. The amount is expressed in terms of capacity during a 24-hour period and reduces the maximum processing ...