Glossary
A ABC: Anti-Bribery and Corruption.
AGM: Annual General Meeting.
B BBS: Behavior Based Safety is a program aiming at observing and analyzing the workers behaviors to reduce and/or prevent incidents through a positive HSE approach, while offering feedback to and from workers for continuous improvement.
C CAPEX: Capital expenditures company's major, long-term expenses.
CCS (Carbon Capture and Storage): CCS is a solution for reducing greenhouse gas emissions from industrial installations in response to global warming.
CCUS: Carbon Capture Utilization and Storage.
CDP: is a not-for-profit organization that runs the global environmental disclosure system.
CSR (Corporate Social Responsibility): A concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis. CSR concerns actions by companies over and above their legal obligations towards society and the environment.
E E&T: Engineering and Technology.
ENVID: Environmental Aspects and Impacts Identification.
EPC (Engineering, Procurement, Construction): Type of contract comprising management and engineering services, procurement of equipment and materials, and construction.
EPCC (Engineering, Procurement, Construction and Commissioning): Type of contract comprising management and engineering services, procurement of equipment and materials, construction and commissioning.
EPCIC (Engineering, Procurement, Construction, Installation, Commissioning and Startup): Type of contract comprising management and engineering services, procurement of equipment and materials, construction, commissioning and startup.
EPCm (Engineering, Procurement and Construction Management): Type of contract comprising management and engineering services, procurement of equipment and construction management.
ESG: Environmental, Social and Governance.
ESG materiality assessment: A methodology used to identify and prioritize ESG issues that are the most critical and/or relevant for an organization.
Ethylene: Widely used in the production of consumer goods, such as plastics or polymers, ethylene is a hydrocarbon produced in the petrochemical industry by steam cracking, i.e.transformation of hydrocarbons by pyrolysis above 820°C.
F FEED: Front-End Engineering Design.
FLNG (Floating Liquefied Natural Gas unit): In an FLNG solution, the gas liquefaction installations are situated directly above the offshore gas field, thus making the construction of long subsea pipelines and large onshore infrastructure unnecessary.
FPSO (Floating, Production, Storage and Offloading): A converted ship or custom-built vessel used as a support of oil and gas installations and for temporary storage of the oil prior to transport.
G GHG emissions: Greenhouse Gas emissions. Any of the atmospheric gases that contribute to the greenhouse effect by absorbing infrared radiation produced by the solar warming of the Earth s surface. Greenhouse gases include carbon dioxide, methane, nitrous oxide and water vapor. These gases can be naturally occurring or produced by human activity.
GHG Protocol: Series of international standards designed to provide a framework for businesses, governments, and other entities to measure and report their greenhouse gas emissions in ways that support their missions and goals.
GTL (Gas-to-Liquids): Transformation of natural gas into liquid fuels.
90 . Glossary