The crude oil industry is vast and involves plenty of specific shipping techniques, measurement tools, and terminology that might not be immediately recognizable to the average person. The cultivating, pricing, and shipping of oil are all specialized processes that may seem foreign to those outside of the industry. If you’ve ever been curious about how the oil industry works and want to learn some of the common terminologies, then continue reading for some common terms that are used.
1. Differential Control
The word “differential” in reference to the oil industry has to do with the weight and viscosity of oil. Heavy crude oils are more difficult to ship through pipelines and this heavy oil differential affects the market price an oil producer can obtain for their oil. Differential control refers to the control of these weight and price differentials.
2. Displacement Meters
These are liquid flow meters where fluid mechanically displaces components within the meter to obtain a flow measurement. There are multiple different kinds of displacement meters such as screw meters, gear meters, and rotary vane meters. They are often used in the oil world for accounting purposes.
3. Pipe Strainers
Pipe strainers are essentially what they sound like. They strain out unwanted solids from oil. They are often used in pipelines for the protection of pumps, meters, valves, and other forms of equipment.
4. Pipeline Shipping
Pipeline shipping is the shipping of oil through the use of pipelines that lead to a market destination. This is one of the more affordable forms of oil shipment and oils shipped this way reach their destination safely more than 99.999% of the time. Many of the tools used in the oil industry are used on the lines to assure the safe shipment of oil without any problems or contaminants.
Refineries are the place where crude oils are transformed into other products such as gasoline, kerosene, or petroleum. Pipelines bring crude oil to these refineries where they are transformed and then sent out to the destinations where they will be utilized.
There are many jobs to be done and tools to be used in the oil industry. From the moment oil is cultivated, it begins a long process of measurements and changes. By the time it reaches consumers, it has likely undergone multiple tests and been transformed into a new product at a refinery.