The Oil And Natural Gas Sector

The oil and gas industry is expansive and rather complex industry consisting of oil, fossil fuels, natural gas, oil and green energy sources. Combined the above sources make-up 32% of total energy consumed worldwide.

The oil and gas industry is a large Industry and contributes a critical role in driving the global economy (Sam’s et. al., 2006).The upstream section of the Industry is involved with the first stage of exploration and production, the midstream section involves the transportation of crude through pipelines, ships e.t.c to the refineries. The downstream is involved with refining and process of the oil and gas products. The distribution and marketing of crude is then done for end user consumption. For purpose of this report the analysis shall be on oil and gas operations with emphasis in the United Kingdom. According to (Oil and gas UK,

ExxonMobil is identified as one of the world’s leading oil and gas businesses. It manages market commodities and means countrywide. ExxonMobil is entail in “marketing, gas, and oil exploration, transportation and production in roughly 200 nations” (ExxonMobil, 2015). This company furnishes assistance and products under label names such as “Mobil, Esso, and Exxon. ExxonMobil is known as one of the biggest oil industrial installation where a substance is refined in the nation” (ExxonMobil, 2015). This essay discusses ExxonMobil’s strategic initiative from

This report presents information regarding the industry, the primary operator of oil and gas field properties. The industry fuels its key buyers, the Natural Gas Distribution (22121) and the Petroleum Refining (32411) industries, with crude oil and natural gas. The industry continuously battles a shortage of available oil. In addition, many major oil fields have been in use for decades, slowly waning. Currently, the industry grosses among the most profitable in the US despite these and similar obstacles. The benefits of investing here

Energy, especially from fossil fuels, is a key ingredient for all sectors of a modern economy and plays a fundamental role in improving the quality of life in less developed economies. In 2007, India is ranked fifth in the world in terms of energy demand; accounting for 3.6% of total energy consumed, and is expected to grow at 4.8% in the future. India imports 70% of the oil it uses, and the country has been hit

The industry is highly competitive and typically have thin profit margin and is very sensitive to volatility of crude oil price and general economy condition in terms of revenue and profitability. As the crude oil price is projected to increase in the next five years, this could potentially have positive impact on company revenue, yet due to the lag between the movement of crude oil price and that of the gasoline, as well as the ability of the company to

In 1955, the assets of oil and gas in China underwent advancement after the establishment of the Ministry of Petroleum Industry of the People’s Republic of China. After working for thirty three years Ministry of Petroleum became China

The refining industry is a massive global industry that brings in billions of dollars every year. Millions of Americans use gasoline and petroleum products in their daily lives but rarely give much thought to how these fuels get refined, or which states or nations do the majority of the reining. Even fewer people give thought to the impact that the lack of refineries has on oil-producing states, and/or oil-rich nations. This research paper examines the current status of the refining industry, the domestic and global locations of oil refineries, the impact of the aging domestic refineries, as well as considering if/where the U.S. should build new refineries to keep up with the growing demand. An analytical look into the status of the refining industry reveals that this billion dollar industry is relying on aging refineries, why refineries are located where they are and the impact that not having a refinery has on both oil-producing states (in America) and on oil-rich nations around the globe.

Upon the recommendation of the Directorate, the Minister may grant the following licences or leases to the National Oil Company or any indigenous oil company:-

In the context of Economic Development of the country and Energy Security, the role of petroleum and petroleum products as a vital fuel will continue to be there though with a changing face. To address the global needs and demand over next 20-30 years and beyond, substantial increase in Energy Research especially in Hydrocarbon Sector is critical . The high capital investment is required for highly uncertain gains as well as a need to rely on highly expensive foreign technology for accurate exploration and production activities. Oil and gas legislations varies in every country, they depend on the purpose and the intention of regulating the countries strategic assets . However, the main objectives of each State party are the same, to take control of its assets and to get revenue for the economic development. In order to develop and to make use of its assets, the State will cooperate with International Oil Companies (IOCs) which has the ability, knowledge and experience in this industry. The adoption of an effective regime for petroleum development is strongly influenced by the geological prospects of a country and the technological and financial resources needed for exploration and production of hydrocarbons. By requiring substantial capital investments and sophisticated technical skills, petroleum developments are often beyond the resources possessed by most governments but are likely to be provided by

Kazakhstan is endowed with rich oil reserves, which provide an important source of revenues for stable economic growth and improvement of the country 's living standard. This paper addresses the challenge the Republic of Kazakhstan faces in managing its oil supply chain. The country 's capacity for refining crude oil is minimal and a substantial portion of that refining capacity is outside the Republic; added to that, most of the pipelines and refineries to export oil to international markets are jointly managed by the Republic and multinational corporations (MNCs). Thus there are political, technological and financial risks for the republic 's oil supply chain.

The upstream sector of the oil and gas industry is majorly capital intensive and characterised by numerous uncertainties likely to affect exploration and exploitation of natural resources. The complexity of projects, stringent regulatory framework and operating circumstances contribute to its functionality and outcomes. Host countries have the benefit of negotiating the arrangement in which multinationals firms will operate.

Oil and Gas Policy Division Oil, Gas, Mining and Chemicals Department Private Sector Development and Infrastructure

According to the latest scenario of the Natural Gas Analysis, the Natural Gas market in India is expected to be the one of the fastest growing in the world during the next two decades. Among its segments LPG has made a substantial progress to become the most convenient, cost effective and pollution free means of fuel, especially in the middle class segment. LPG market in India is not at all versatile and competitive. It’s a part of the Indian economy is still untouched by privatization. After 1991, many companies tried jumping in the LPG market but could not survive against Government OMCs like IOCL, HPCL and BPCL. The reason behind such failure is the heavy subsidy given by the

2. Objective: This seminar paper aims to briefly analyse the current challenges faced by Global Oil & Gas companies and its impact on the global energy sector