shut in n. in the petroleum industry, a production cap set lower than the available output (of an oil producing site). Also attrib., v. (source: Double-Tongued Dictionary)
shut in n.— «About 300,000 barrels a day of wellhead capacity, representing about 70 per cent of Western Canada’s potential production, is shut in—a figure that is bound to increase later this year with the commissioning of the Fort...
shut in n.— «As it stormed into the Gulf with fierce winds, oil and gas producers moved workers from offshore rigs and platforms located throughout the central and eastern Gulf. This caused a hiatus in production, known as a “shut...
convenio n.— «On top of theconvenios, which function rather like long-term contracts with media bosses, there are thechayotes—one-time direct payments to reporters. Although much less common than 25 years ago, when reporters received cash...
price of carbon n.— «Even if options are available that are low cost and represent additional effort beyond the AEO base case, these options may have relatively little bearing on the price of carbon in a competitive environment. It is the...
price of carbon n. the going rate for petroleum-related pollution-emission rights or credits, which are traded on an international market. (source: Double-Tongued Dictionary)