tight gas n.— «Shell has agreed to pay almost C$6bn ( £3bn) for a small Canadian gas company heavily involved in the production of difficult-to- exploit gas reserves. The price for Calgary-based Duvernay Oil, founded just seven years ago...
supermajor n.— «Only 10 years after “supermajor” entered the oil industry’s lexicon, the term is already showing its age. At the end of 2000, once the oil industry’s mega-mergers were completed, the combined market capitalisation of...
play n.— «That is why some companies are going back to old, supposedly tapped-out reservoirs—or “plays,” as they call them in the business—instead of opening virgin fields.» —“Oil Profits Fund Future...