FieldNews
Subscribe

Daily oil & gas and construction news for subcontractors

IndustryGlossary Term

Precast Concrete Panels

Factory-manufactured concrete sections delivered to site ready for installation. Subcontractors handle lifting, positioning, and anchoring rather than forming and pouring. Speeds up schedules but requires certified rigging crews and heavy lift equipment.

Related Terms

Solar-Plus-Storage

Industry

A power system pairing solar panels with on-site batteries to supply electricity at remote job sites. Subcontractors may install, maintain, or work alongside these systems instead of diesel generators. Familiarity with this equipment is increasingly expected on off-grid oil and gas and construction sites.

Pressure Pumping

Industry

A well stimulation service involving the high-pressure injection of fluids — such as fracturing fluid, cement, or acid — into a wellbore to improve production or complete the well; for subcontractors, it represents a specialised, equipment-intensive scope of work that typically requires certified operators, dedicated pump trucks, and close coordination with the primary operator on site.

Wireline

Industry

A method of lowering tools, instruments, or equipment into a wellbore via a steel cable, commonly used for well logging, perforating, and intervention services. For subcontractors, wireline work is typically scoped as a specialised service requiring certified operators and dedicated equipment spreads.

COR (Certificate of Recognition)

Industry

A voluntary safety certification program in Canada that recognizes employers who have developed health and safety management systems that meet established standards. Required by many operators in Alberta and Western Canada.

Royalty Rate

Industry

The percentage of resource revenue an operator pays to the Crown or landowner before profits are calculated. High royalty rates can reduce operator budgets, directly affecting subcontractor hiring and field service spending. Understanding local royalty structures helps subcontractors anticipate project volumes and client cash flow.

SPE (Society of Petroleum Engineers)

Industry

A global professional organisation that publishes technical standards, research, and best practices used across the oil and gas industry. Subcontractors may reference SPE papers and guidelines to meet operator technical requirements or bid on specialised work.

Stay sharp on field operations

Industry news and insights, delivered to your inbox.

Subscribe to FieldNews
A community project byAimsio