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Terms in Glossary

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Tutorials & Guides

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Cheater

The Cheater: A Necessary Tool with Hidden Risks in Oil & Gas

In the oil and gas industry, where heavy machinery and tight spaces are commonplace, cheaters are a familiar sight. These simple, often …

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Loss

Understanding "Loss" in the Oil & Gas Industry: Beyond the Red Ink

In the high-stakes world of oil and gas, "loss" is a term that carries significant weight. It's not simply a negative financial res…

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Scope of Work

Defining Success: The Crucial Role of Scope of Work in Contracts & Scope Management

The success of any project, large or small, hinges on a clear understanding of what needs to be done and how it wi…

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Procurement Source Evaluation

Procurement Source Evaluation: A Cornerstone of Smart Sourcing

In the dynamic world of procurement and materials management, securing the right suppliers is crucial for organizational success. Proc…

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IM Standard (BP)

IM Standard (BP): A Foundation for Safe and Reliable Operations in Oil & Gas

The term "IM Standard" in the Oil & Gas industry often refers to the Integrity Management (IM) Standard developed by BP, …

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Contingency

Contingency: Navigating the Unknowns in Oil & Gas Projects

In the unpredictable world of oil and gas exploration and production, uncertainty is a constant companion. From geological surprises to un…

On The Wire


May 10, 2023

What Is a Work Breakdown Structure?

ccess the management of any type of project you need to use the right planning techniques :

April 9, 2023

Documentation Administration Procedure

This Project Documentation Administration Procedure or also known as Document Control Procedure sys…

Dec. 13, 2023

Electrical Formulas And Calculations

Electrical Formulas And Calculations according to National Electrical Code - Nfpa 70

April 24, 2024

Plant Layout and Spacing

This Design Guide describes the minimum requirements for layout and spacing of equipment for refin…

April 10, 2023

Safety Relief Valve Calculations

This standard for Safety Relief Valve Calculations has been developed to standardize the method of …

April 1, 2023

ASME/ANSI B36.10/19

ASME/ANSI B36.10/19

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