- Refinery output
The total amount of petroleum products produced at a refinery. Includes petroleum consumed by the refinery.
- Refining Margin
The product value less the feedstock and refining costs and value of any loss in the refining process.
- Regasification
The process by which LNG is heated, converting it into its gaseous state.
- Renewable Energy
Designated commodity or resource, such as solar energy, biodiesel fuel, or firewood, that is inexhaustible or replaceable by new growth.
- Reservoir
A subsurface, porous, permeable rock formation in which oil and gas are found.
- RON/MON
Research Octane Number / Motor Octane Number.
- Roughneck
The floorman in a drilling crew who sets the slips to hold the drill pipe, handles the tongs or elevators and other equipment around the rig floor.
- Roundtrip
The complete process of pulling out and running in the drill-string.
- Royalty
Payment of a percentage of gross income from the production of minerals, including hydrocarbons, by the company licensed to produce, to the State.
- RVP
Reid Vapour Pressure (VP in PSI at 100F).
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