FieldNews
Subscribe

Daily oil & gas and construction news for subcontractors

IndustryGlossary Term

PWHT (Post-weld Heat Treatment)

A controlled heating and cooling process applied to welds after completion to reduce stress and improve strength. Subcontractors must confirm PWHT requirements before mobilising, as it adds time, equipment, and certified personnel to scope. Failing to price it into your bid can significantly erode job margins.

Related Terms

Brent Crude

Industry

A globally traded North Sea oil benchmark used to set crude pricing contracts. When Brent prices rise or fall sharply, operators often adjust project budgets, affecting subcontractor work volumes and day rates. Monitoring Brent helps field service companies anticipate slowdowns or ramp-ups in awarded work.

Highway Trust Fund

Industry

A U.S. federal fund that finances highway and infrastructure construction projects. Subcontractors bidding on federally funded road or infrastructure work must meet strict compliance and wage requirements tied to this funding. Budget cycles and congressional approvals directly affect project timelines and payment schedules.

Sources Sought

Industry

A notice issued by a client or prime contractor to identify qualified subcontractors before a formal tender is released. Responding helps get your company on the bidders list. It is not a contract offer, but skipping it can mean missing the actual bid.

Nearshore Abandonment

Industry

The decommissioning of wells, pipelines, or infrastructure located in shallow coastal waters. Subcontractors typically handle diving operations, cutting, capping, and seabed remediation work. Regulatory requirements are strict, so current certifications and environmental compliance documentation are essential before mobilising.

Baseload Power

Industry

The minimum level of electrical power a facility requires continuously, regardless of time of day or season. For subcontractors, it determines generator sizing and fuel planning on remote or off-grid job sites. Steady baseload demand also helps forecast equipment runtime and maintenance schedules.

DGR (Deep Geological Repository)

Industry

An underground facility built to permanently store nuclear or hazardous waste deep in stable rock formations. For subcontractors, DGR projects involve highly regulated excavation, tunnelling, and civil work with strict compliance requirements. Expect extensive worker certification, site access controls, and long project timelines.

Stay sharp on field operations

Industry news and insights, delivered to your inbox.

Subscribe to FieldNews
A community project byAimsio