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IndustryGlossary Term

Title 17 (doe Loan Programme)

A U.S. Department of Energy programme that provides federal loan guarantees for innovative energy projects. Large-scale recipients often fund construction and field work, creating subcontract opportunities. Understanding it helps field service companies identify stable, federally-backed project pipelines.

Related Terms

MTPA (Million Tonnes Per Annum)

Industry

A measure of a facility's annual production or processing capacity, expressed in millions of tonnes. Larger MTPA ratings typically signal longer project durations and higher subcontractor labour demand. Knowing a site's MTPA helps field service companies anticipate scope size and resource requirements.

Transfer Point

Industry

The designated location where responsibility for equipment, materials, or personnel shifts from one party to another. For subcontractors, this determines when liability and custody officially change hands. It is critical for documenting handoffs and avoiding billing disputes.

Battery Tolling Agreement

Industry

A contract where a subcontractor operates a battery energy storage system on behalf of an asset owner, earning a fee without owning the asset. Common on remote sites and camps where third-party power management services are contracted out. Subcontractors are paid for capacity and availability, not energy consumed.

Alliance Contract

Industry

A long-term agreement where a subcontractor and operator share risks, costs, and rewards on a project. Both parties collaborate closely rather than working at arm's length. Performance incentives and pain/gain sharing are common features.

Inventory Drawdown

Industry

The depletion of stored materials, parts, or consumables used during field operations. For subcontractors, rapid drawdown can trigger reorder costs and disrupt project timelines. Tracking drawdown rates helps avoid job-site shortages and unexpected procurement expenses.

Midstream Consolidation

Industry

The merging or acquisition of pipeline, processing, and storage companies into fewer, larger operators. For subcontractors, this can shift approved vendor lists and contract terms overnight. Expect longer onboarding processes and tighter pricing pressure from consolidated procurement teams.

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