Petroleum Industry

Heavy Industry
Heavy industry refers to traditional production industries such as auto manufacturing, steel production, rubber processing, petroleum refining, and raw material extraction, which require massive capital investment and produce large quantities of goods. These industries employ large numbers of workers and often have significant environmental impacts.
Override in Various Contexts
The term 'override' carries distinct meanings across various fields, such as business, petroleum industry, contractual agreements, and government legislation. Understanding these variations can help in accurately interpreting the term based on the context.
Wildcat Drilling
Wildcat drilling refers to the process of exploring for oil or gas in unproven or undeveloped areas, which involves high risks but offers potential for high rewards if commercially viable resources are discovered.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.