Oil And Gas Industry Overview - 2012 Words

Industry Analysis Oil Gas Industry Overview What is the oil industry? The oil industry, made up of both oil and gas is also known as the energy industry. On a personal level, â€Å"oil and gas provides the world s 7 billion people with 60 percent of their daily energy needs. The other 40 percent comes from coal, nuclear and hydroelectric power, solar and tidal power, and biomass products such as firewood (Petroleum Online, 2014).† â€Å"As fuels, they keep us warm in cold weather and cool in hot weather; they cook our food and heat our water; they generate our electricity and power our appliances; and they take us by car, bus, train, ship or plane to places near and distant (Petroleum Online, 2014).† There are many phases of the oil industry. One way of segmenting the industry is by looking at it as upstream and downstream. Upstream phases include oil extrapolation and refining services. Downstream events include the buying and selling of oil and gas at the retail level. This coul d mean gas stations or even electricity from which natural gas has been used. Each of these phases combined makes up a huge industry in which large profits are made. (Industry Handbook, Oil Services, 2014) Let’s break these phases down into groups that are easier to understand. Upstream events include oil drilling, oilfield services, and refining. â€Å"Drilling companies physically drill and pump oil out of the ground. The drilling industry has always been classified as highly skilled. TheShow MoreRelatedThe Canadian Oil Industrys Impact On Canada1477 Words   |  6 PagesCanadian Oil Industry’s Impact on Canada The Overview: Diverse and multi-faceted, the Canadian business market is one of the strongest functioning mixed market economies in the world. Within the Canadian economy, the oil and gas sector stands as one of the largest and most influential sectors. The oil and gas industry is unique as it affects almost every person and sector of the economy worldwide, whether it is through commodity or material input costs. In Canada, this growing industry could allowRead MoreSaudi Arabia And The Persian Gulf1484 Words   |  6 Pagesvast amount of oil and gas reserves located along its vast coastline. Although there are actually only 250,000 native Qataris living in the country, they have an average income of $400,000 each. Gross domestic product, which is considered the total amount of goods and services produced in a country over the course of a year, is measured at one hundred and ninety-eight billion in Qatar (Economy overview: Qatar). Qatar essentially constructed urban and industrial projects arou nd major oil refineriesRead MoreEnergy Scene : Global Warming, Reserve Depletion, Security Concerns And The Rising Energy Prices1314 Words   |  6 PagesENERGY SCENE OVERVIEW Oil and gas energies are considered nowadays the main drivers of the economic growth and development in a global level. Oil consumption has witnessed an exponential growth since the 1900’s, where it was first discovered. More efforts are targeted towards the optimization of the exploration and refining operations in order to satisfy the continuously growing demand. The world population estimates developed by the UN suggest that the world population will reach 9.1 billion byRead MoreOil Refinery in India1710 Words   |  7 PagesOil Refinery in India An Industry Overview #8195; Table of Contents INTRODUCTION 2 GLOBAL VIEW ON REFINING 3 INDUSTRY OVERVIEW 4 REGULATORY FRAMEWORK 8 INDUSTRY ANALYSIS 9 FUTURE OUTLOOK 11 REFERENCES 12 THE ONCE RELIABLE CONSTANTS HAVE BECOME GALLOPING VARIABLES -ALVIN TOFFLER India the worlds seventh largest country and the second most populace nation has been a destination of unrealized potential. In the recent past it has seen as stir of economic activity changing the prim face of theRead MoreThe Modern Global Automotive Industry Essay889 Words   |  4 PagesThe automobile industry is a very large industry in the United States and globally. As most people know, automobiles release of emissions play a huge roll in why global warming is happening. In other words, automobiles have an enormous impact on the environment. However, some new technologies are working to lesson the impact on the environment by automobiles. Some technologies are even trying to eliminate it all together. In this paper I shall discuss these topics and then talk about some consumerRead MoreStrategic Analysis : Cimarex Energy Co851 Words   |  4 PagesStrategic Analysis: Cimarex Energy Co. Introduction and Thesis The oil and gas industry is one of, if not the, largest industries in the country currently. Companies related to this industry range from exploration to transportation to retail. There are many companies operating in the industry, but one in particular is especially interesting, and that is Cimarex Energy Co. This paper will analyze the industry and Cimarex Energy’s strategy and core competency, and give an evaluation of the findingsRead MoreStatement of Purpose for Oil and Gas Managaement967 Words   |  4 PagesSTATEMENT OF PURPOSE FOR MSC OIL AND GAS MANAGEMENT Recent discoveries of oil and gas deposits in some African countries, such as Ghana, Ethiopia, Sierra Leone, Uganda etc. present new opportunities to chart a sustainable growth and development path that facilitates poverty reduction. Ghana’s offshore Jubilee field, situated approximately 60 kilometers from the mainland is estimated to have oil reserves of 108 billion barrels as well as significant gas deposits. Ghana’s Jubilee field, which beganRead MoreStatement of Purpose for Oil and Gas Managaement974 Words   |  4 PagesSTATEMENT OF PURPOSE FOR MSC OIL AND GAS MANAGEMENT Recent discoveries of oil and gas deposits in some African countries, such as Ghana, Ethiopia, Sierra Leone, Uganda etc. present new opportunities to chart a sustainable growth and development path that facilitates poverty reduction. Ghana’s offshore Jubilee field, situated approximately 60 kilometers from the mainland is estimated to have oil reserves of 108 billion barrels as well as significant gas deposits. Ghana’s Jubilee field, which beganRead MoreGlobal Process Analytical Instrument Market 2014-2018 Research Report774 Words   |  4 Pagesinstruments. However, the need to offer customized instruments could pose a challenge to the growth of this market. Global Process Analytical Instrumentation Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America, Europe, the APAC region, and the ROW; it also covers the Global Process Analytical Instrumentation market landscape and its growth prospects in the coming years. The report also includes a discussion of theRead MoreBrics ( Brazil, Russia, India, China, And South Africa1546 Words   |  7 Pagesinternational stage, while recounting the internal and external forces that spearhead organizational success as it relates to these countries. This paper will conclude with an overview of other factors contributing to BRICS growth and will address the Saint Leo University core value of responsible stewardship. Economy overview: Brazil Brazil’s economy can be regarded as large and well-developed, bolstered by the strength of Brazil’s agricultural, mining, manufacturing, and service sectors, as well