| Bbl | Barrel (1 barrel = 35 imperial gallons approximately) |
| Boe | Barrel of oil equivalent |
| Bboe | Billion barrels of oil equivalent |
| Bcfpd | Billion cubic feet per day |
| Boepd | Barrel of oil equivalent per day |
| Brown Fields | Fields currently in production or under development |
| Capex | Capital expenditure |
| CCL | Climate Change Levy |
| CHP | Combined Heat and Power |
| CRINE | Cost Reduction In a New Era |
| CT | Corporation Tax |
| DEAL | Digital Energy Atlas and Library |
| DETR | Department of the Environment, Transport and the Regions |
| DTI | Department of Trade and Industry |
| EU | European Union |
| EVA | Economic Value Added |
| Heren Index | Index for the volume weighted - average of all gas trades for a month |
| IFT | Industry Technology Facilitator |
| LIFT | Licence Initiative for Trading |
| LOGIC | Leading Oil and Gas Industry Competitiveness |
| LTI | The long term interruptible contract price for gas |
| Mboe | Million barrels of oil equivalent |
| Mbpd | Million barrels per day |
| NBP | National Balancing Point |
| OECD | Organisation for Economic Co-operation and Development |
| OPEC | Organisation of Petroleum Exporting Countries |
| PILOT | Successor to the Oil and Gas Industry/Government Task Force (OGITF) |
| PRT | Petroleum Revenue Tax |
| p/therm | Pence per therm |
| Scfpd | Standard cubic feet of gas per day |
| UKCS | United Kingdom Continental Shelf |
| O&GUK | UK Offshore Operators Association Area |
| White Zone | West of Shetland up to Faroe Island Median Line |
