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

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Petrol

Gasoline grades

Energy; Coal

The classification of gasoline by octane ratings. Each type of gasoline (conventional, oxygenated, and reformulated) is classified by three grades - Regular, Midgrade, and Premium. Note: Gasoline ...

Regular gasoline

Energy; Coal

Gasoline having an antiknock index, i.e., octane rating, greater than or equal to 85 and less than 88. Note Octane requirements may vary by altitude.

Gasoline motor, (leaded)

Energy; Coal

Contains more than 0.05 grammes of lead per gallon or more than 0.005 grammes of phosphorus per gallon. The actual lead content of any given gallon may vary. Premium and regular grades are included, ...

Gasoline treated as blendstock (GTAB)

Energy; Coal

Non-certified Foreign Refinery gasoline classified by an importer as blendstock to be either blended or reclassified with respect to reformulated or conventional gasoline. GTAB is classified as ...

Gate station

Energy; Coal

Location where the pressure of natural gas being transferred from the transmission system to the distribution system is lowered for transport through small diameter, low pressure pipelines.

Gatherer

Energy; Coal

A company primarily engaged in the gathering of natural gas from well or field lines for delivery, for a fee, to a natural gas processing plant or central point. Gathering companies may also provide ...

Generally accepted accounting principles (GAAP)

Energy; Coal

Defined by the FASB as the conventions, rules, and procedures necessary to define accepted accounting practise at a particular time, includes both broad guidelines and relatively detailed practises ...