FieldNews
Subscribe

Daily oil & gas and construction news for subcontractors

IndustryGlossary Term

Co-Location (data Centre)

A shared facility where subcontractors rent server space instead of maintaining their own IT infrastructure. This reduces overhead costs for smaller field service companies managing dispatch, invoicing, and project data. Providers handle power, cooling, and security at the facility.

Related Terms

Telehandler

Industry

A versatile, telescoping-boom forklift used on job sites to lift and place materials at height or over obstacles. Subcontractors commonly use telehandlers for offloading deliveries, staging equipment, and accessing elevated work areas. Operators typically require provincial certification to run one on a regulated site.

IEA (International Energy Agency)

Industry

An intergovernmental organisation that publishes global energy outlooks and demand forecasts, which subcontractors and field service companies use to anticipate shifts in upstream and downstream activity levels that may affect project pipelines and contract opportunities.

Reactivation

Industry

The process of bringing a dormant well, pipeline, or piece of equipment back into active service, often requiring subcontractors to mobilise crews, conduct inspections, and complete compliance checks before full operations can resume. For field service companies, reactivation work can represent a significant surge in contract opportunities, particularly during periods of rising commodity prices.

Feasibility Study

Industry

A pre-project assessment that evaluates whether a scope of work is technically and financially viable. For subcontractors, it signals early-stage work that may lead to awarded contracts. Participating in feasibility work can position your company for the larger project bid.

Natural Decline Rate

Industry

The rate at which a well's production drops over time without operator intervention. For subcontractors, this signals reduced worksite activity and fewer service calls as output falls. Anticipating decline helps crews and companies plan for shifting demand across a field.

Spoil Pile

Industry

Excavated soil, rock, or debris removed during trenching or grading and stockpiled on-site. Subcontractors are often responsible for its placement, management, and disposal per site plans. Improper handling can trigger environmental compliance issues and project delays.

Stay sharp on field operations

Industry news and insights, delivered to your inbox.

Subscribe to FieldNews
A community project byAimsio