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Daily oil & gas and construction news for subcontractors

IndustryGlossary Term

MBO (Management Buyout)

A transaction where a company's existing managers purchase the business from its owners. For subcontractors, this often signals continuity in contracts and key relationships. Watch for changes to payment terms or procurement policies during the transition period.

Related Terms

Antifriction Bearing

Industry

A bearing that uses rolling elements — balls or rollers — to reduce friction between moving parts. Common in pumps, motors, and rotating equipment on job sites. Subcontractors should inspect and replace these during scheduled maintenance to avoid unplanned downtime.

Constructability

Industry

How easily a design can be built efficiently using available crews, equipment, and site conditions. Poor constructability increases labour hours, rework, and cost overruns for subcontractors. Reviewing designs early helps field teams flag problems before mobilisation.

Lithium-Bearing Brine

Industry

Subsurface saltwater containing dissolved lithium, extracted from formations during drilling or dedicated mining operations. Subcontractors may encounter it on fluid handling, well servicing, or evaporation pond construction contracts. Demand for lithium is driving new project activity across western Canada and the Prairies.

Transmission Infrastructure

Industry

Large-scale pipelines, compressor stations, and related facilities that move oil, gas, or power across long distances. Subcontractors are frequently mobilised for construction, inspection, and maintenance work on these assets. Scopes can be extensive, requiring multi-trade crews and strict regulatory compliance.

Call-Out (call-Out Activity)

Industry

A single, unplanned service request dispatched to a subcontractor or field technician outside of scheduled work. Each call-out is typically logged as a discrete billable event. Subcontractors often charge a flat call-out fee plus time and materials.

Shaft Sinking

Industry

The process of excavating a vertical or near-vertical tunnel from surface down to an underground work area. Subcontractors are often engaged for specialised tasks like lining, hoisting, or ground support during this phase. It is common in mining, utility, and heavy civil construction projects.

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