A system that tracks vehicle and equipment location, usage, and performance data in real time. Subcontractors use it to monitor fleet activity, verify hours worked, and support billing accuracy. It also aids compliance with safety and maintenance requirements.
Telematics
Related Terms
TEU (Twenty-foot Equivalent Unit)
IndustryA standard shipping container measurement used to calculate freight capacity and logistics costs on large projects. One TEU equals one standard 20-foot container. Subcontractors mobilising equipment or materials to remote sites often quote and invoice freight in TEUs.
Frac Sand Hauling
IndustryThe trucking of proppant (silica sand) from storage terminals to active frac sites. Subcontractors operate on tight dispatch schedules to maintain continuous sand supply during pumping operations. Contracts often include standby rates for wait time at the wellsite.
Hydrocyclone
IndustryA cone-shaped separation device that removes solids or liquids from drilling fluids using centrifugal force. Subcontractors service and maintain these units on drilling rigs and fluid processing systems. Proper handling requires familiarity with high-pressure fluid systems and waste disposal regulations.
IEA (International Energy Agency)
IndustryAn intergovernmental organisation that publishes global energy outlooks and demand forecasts, which subcontractors and field service companies use to anticipate shifts in upstream and downstream activity levels that may affect project pipelines and contract opportunities.
Opec+ (organisation of the Petroleum Exporting Countries Plus)
IndustryAn alliance of oil-producing nations that controls global crude output levels. Their production decisions directly affect upstream activity and subcontractor demand. When OPEC+ cuts output, drilling and field service work typically slows; increases often trigger new project mobilisations.
Wireline
IndustryA 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.
Latest Industry News
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