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IndustryGlossary Term

LNG (Liquefied Natural Gas)

Natural gas cooled to -162°C to become liquid for easier transport and storage, creating specialized work opportunities for subcontractors in cryogenic equipment maintenance, pipeline construction, and terminal facilities that require specific safety certifications and cold-weather expertise.

Related Terms

FEED (Front-end Engineering Design)

Industry

The detailed engineering phase before a project is sanctioned for full construction. For subcontractors, FEED signals that scopes, specs, and vendor lists are being finalised. Winning work during FEED often positions your company for contracts in the execution phase.

Run Schedule

Industry

A timeline that outlines when specific tools, equipment, or crews are deployed downhole or on-site during an operation, dictating when a subcontractor's services are required and for how long. For field service companies, the run schedule directly determines mobilisation timing, crew rotations, and invoiceable hours on location.

Frac Date

Industry

The scheduled date when hydraulic fracturing operations begin at a well site. For subcontractors, it drives crew mobilisation, equipment delivery, and invoice timing. Missing a frac date can result in penalties or loss of future work.

Liquefaction

Industry

The process of converting natural gas into liquid form (LNG) by cooling it to extreme temperatures for storage and transport. Subcontractors supporting liquefaction facilities must meet strict safety and technical certifications. Work scopes often include maintenance, insulation, and cryogenic system servicing.

Transmission Planning

Industry

The long-term process of designing and expanding power grid infrastructure to meet future energy demand. For subcontractors, it drives project pipelines for line construction, right-of-way clearing, and equipment installation. Winning transmission work often requires early engagement with utilities and grid operators.

Aggregates

Industry

Crushed stone, gravel, and sand used as base materials in construction and oil and gas site preparation. Subcontractors sourcing or hauling aggregates must account for material costs, transport, and site access conditions. Pricing and availability vary significantly by region and project remoteness.

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