6.1Glossary
Term
Definition
A&RC
Appointment and Remuneration Committee
AGM
Annual General Meeting
API
American Petroleum Institute
bopd
Barrels of Oil Per Day
CALM
Catenary Anchor Leg Mooring
CAPEX
Capital Expenditure
CDP
Carbon Discolsure Project
CGCO
Chief Governance and Compliance Officer
CMIH
China Merchants Industry Holdings
D&I
Diversity & Inclusion
DSCV
Diving Support and Construction Vessel
EBIT
Earnings before Interest and Tax
EBITDA
Earnings before Interest, Taxes, Depreciation and Amortization
EJ
Exajoule
EPC
Engineering Procurement and Construction
EPCI
Engineering Procurement Construction and Installation
ERM
Enterprise Risk Management
ERP
Enterprise, Resource, Planning
ESG
Environmental, Social and Governance
Euribor
Euro Interbank Offered Rate
FEED
Front-End Engineering and Design
FID
Final Investment Decision
FLNG
Floating Liquefied Natural Gas
FOW
Floating Offshore Wind
FPSO
Floating Production Storage and Offloading
FPU
Floating Production Unit
FSO
Floating Storage and Offloading
GEMS
Global Enterprise Management System
GHG
Greenhouse Gases
GRCF
Group Risk and Compliance Function
GRI
Global Reporting Initiative
GTS
Group Technical Standards
GW
gigawatt
HEMP
Hazards and Effects Management Process
HR
Human Resources
HSS
Health, Safety & Security
HSSE
Health, Safety, Security & Environment
IASB
International Accounting Standards Board
IBOR
Interbank Offered Rates
ICOFR
Internal Control Over Financial Reporting
IEA
International Energy Agency
IFRS
International Financial Reporting Standards
IOGP
International Association of Oil and Gas Producers
IP
Intellectual Property
IPCC
Intergovernmental Panel on Climate Change
IPIECA
International Petroleum Industry Environmental Conservation Association
ISM
International Safety Management
ISO
International Organization for Standardization
ISPS
International Ship and Port Facility Security
JV
Joint Venture
KPI
Key Performance Indicator
LIBOR
London Interbank Offered Rate
LNG
Liquefied Natural Gas
LOPC
Loss of Primary Containment
LTI
Long-Term Incentive
LUCY
Let Us Connect You
MNOPF
Merchant Navy Officers Pension Fund
MOPU
Mobile Offshore Production Unit
MPF
Multi-Purpose Floater
MTOE
Million Tonnes of Oil Equivalent
MW
megawatt
NES
New Energies & Services
NGO
Non-Governmental Organization
NOx
Nitrous Oxides
OECD
Organization for Economic Co-operation and Development
OHSAS
Occupational Health and Safety Assessment Series
OIFR
Occupational Illness Frequency Rate
OIPOC
Operational Intelligence & Performance Optimization Center
OPEX
Operating Expenditure
OSCAR
Operations Solution for Crewing Administration and Resources
PFC
Production Field Center
PP&E
Property, Plant & Equipment
PPE
Personal Protective Equipment
PSE
Process Safety Events
PSF
Process Safety Fundamentals
PSM
Process Safety Management
PV
Photovoltaic
R&D
Research and Development
RAC
Risk Assurance Committee
RCF
Revolving Credit Facility
ROACE
Return on average capital employed
ROAE
Return on average equity
RP
Remuneration Policy
RSU
Restricted Share Unit
SASB
Sustainability Accounting Standards Board
SDG
United Nations Sustainable Development Goals
SOFR
Secured Overnight Financing Rate
SOx
Sulphur Oxides
SRS
Single Reporting System
STI
Short-Term Incentive
SWS
Shangahi Waigaoquiao Shipbuilding
TCFD
Task Force on Climate-Related Financial Disclosures
TLP
Tension-Leg Platform
TMS
Turret Mooring System
TRIFR
Total Recordable Injury Frequency Rate
TRL
Technology Readiness Level
UN
United Nations
VR
Virtual Reality
WEC
Wave Energy Converter