FieldNews
Subscribe

Daily oil & gas and construction news for subcontractors

IndustryGlossary Term

Open Season

A formal period when a pipeline or facility operator accepts capacity commitments from potential shippers or users. For subcontractors, it signals upcoming project activity and a chance to position for related field service work. Winning commitments during open season often triggers procurement and mobilisation timelines.

Related Terms

Hub

Industry

In field logistics, a central staging location where crews, equipment, and materials are coordinated before deployment to remote job sites — the hub determines mobilisation routes, laydown areas, and logistical costs. In natural gas markets, a physical or virtual trading point where gas is bought, sold, and priced; hub pricing (AECO in Alberta, Henry Hub in the U.S.) directly affects contract rates and fuel costs for field service companies.

SRP (Sucker Rod Pump)

Industry

A downhole artificial lift system that uses surface-driven rods to pump oil from low-pressure wells. Subcontractors are frequently called in for rod pulling, pump teardowns, and wellsite servicing work. Reliable SRP maintenance contracts can provide steady, recurring revenue for oilfield service companies.

T&D (Transmission and Distribution)

Industry

The network of high-voltage power lines, towers, substations, and local distribution lines that move electricity from generators to end users. Subcontractors in this sector handle tasks like line construction, pole installation, and substation work. T&D projects are often awarded through utility frameworks or provincial grid operators.

Caisson

Industry

A watertight steel or concrete structure used to support foundations in offshore or waterlogged environments. Subcontractors may be scoped to install, inspect, or perform maintenance work on caissons. Access and confined space protocols often apply.

All of the Above (energy Policy)

Industry

A government strategy supporting oil, gas, renewables, and nuclear simultaneously rather than picking one energy source. For subcontractors, it means diversified project opportunities across multiple energy sectors. Crews and companies that can work across sectors gain a competitive advantage in bidding.

Parcel

Industry

A defined section of land or a lease area assigned to a specific project or operator. Subcontractors may be scoped and mobilised by parcel, affecting billing boundaries and crew deployment zones.

Stay sharp on field operations

Industry news and insights, delivered to your inbox.

Subscribe to FieldNews
A community project byAimsio