Overview of the oil and gas industry pdf merge

Havard devold oil and gas production handbook an introduction. From a personal perspective, oil and gas provide the worlds 7. Nov 29, 2015 here i briefly overview the three primary segments within the oil and gas industry. Climate change concerns, the rise of the electric vehicle, selfdriving vehicles, and ride sharing see deloitte paper on the future of mobility make historical estimates of perpetual demand growth. Although oil and gas are likely to be major sources of. Superficial research on oil and gas investments will inevitably turn up misconceptions, myths and outdated advice about the risks of exploration, production, and individual investment. Gas sales once the gas has been treated, several scenarios can occur at this point in the process. Epa regi oommen and mike pring, eastern research group april 14, 2015 2015 emission inventory conference san diego, ca. When gas is refined, leaving mostly methane, it is called dry gas. Timing between the two components can take years and usually does. Learn about increasing visibility and insight in the modern. The purpose of this paper is to consider the future of the oil and gas industry and the profound challenges that it is facing.

Operating netback is a measure used in the oil and gas industry to reflect the net profit on oil and gas after royalties, production, and transportation expenses. The revival of mergers and acquisitions in the oil and gas sector. However, the development of higher environmental standards is called for, particularly given the plans to extract oil and gas in the northern areas. Oil has been used for lighting purposes for many thousands of years. Simplify and standardize processes to enable innovation in the oil and gas sector by harnessing intelligent cloud services from sap. What motivates merger and acquisition activities in the upstream oil.

A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. In 2017, 92% of transportation fuel came from petroleum,2 while 32% of electric power and the majority of nonelectric commercialresidential energy came from natural gas. Overview of the oil and natural gas industry oil and natural gas systems encompass wells, gas gathering and processing facilities, storage, and transmission and distribution pipelines. Occupational safety and health and skills in the oil and gas. John england 6 additionally, big picture issues often cloud the longer term of the industry. The enormous economic contribution of the oil and gas industry to many national economies makes its future of critical importance to the global community. The multiplicity of factors that influence the directions of the petroleum production chain is huge, making the task of preparing strategies and action plans. Petroleum and natural gas are the largest energy sources for the united states. This has been particularly in point in iraq over the last couple of years following the introduction of the 2010 oil and gas tax law. These components are all important aspects of the natural gas cyclethe process of getting natural gas out of the ground and to the end user.

In addition to providing one of the cleanest burning fuels available to all segments of the economy, the industry itself provides much valuable commerce to the u. The majority of the biggest mergers and acquisitions in the oil and gas industry in the last ten years occurred between usbased companies looking to expand their asset portfolio. The arctic holds over 40 billion barrels of crude oil, 1,6 trillion cubic feet of natural gas and 8 billion barrels of natural gas liquids in about 400 oil and gas fields, and a further 90 billion barrels in estimated undiscovered reserves, of which 85 per cent is likely to be offshore. The oil and gas industry has a dynamic and changing structure which. Aug 04, 20 oil and gas industry overview petroleum industry. Oil 101 an introduction to oil and gas elearning course. Trends and challenges for the oil and gas industry stout. And yet it is one that we tend to take for granted until a crisis emergesa tanker runs aground, a hurricane damages a refinery, a country changes political leaders or revises its energy policies. The netback allows analysts to compare the operations of different oil and gas producers without being distracted by nonoperating, financing, or other extraneous costs. Furthermore, the norwegian oil and gas industrys environmental standards make it an attractive oil and gas hub in which to do business. As supply increases and oil prices rise, volatility will continue to drive strategy.

Oil and gas professionals who wish to obtain an integrated overview of the oil and gas industry as a whole translators who need indebt understanding of oil and gas terminology. In areas where oil is found in shallow reservoirs, seeps of crude oil or gas may naturally develop, and some oil could simply be collected from seepage or tar ponds. From weakening economic growth and intensifying trade tensions to global political risks, our 2020 oil and gas industry outlook takes stock of the main factors to watch in 2020. In the oil industry, some underground crude contains natural gas that is entrained in the oil at high reservoir pressures. The worlds main oil reserves have probably all been identified and analysed and it is unlikely. Sap can call you to discuss any questions you have. Oil and gas commodity prices are expected to remain low, as a difficult investment environment and restricted access to financing has dampened dealmaking. Delivery of natural gas from the major pipelines to the end users e. The primary way to describe the quality of oil is in terms of its sweetness and heaviness. Oil and gas production handbook an introduction to oil. Analysis of the current problems of russias oil and gas industry in the context of the main trends of global oil and. The objective of this module is to provide a comprehensive overview of the industry in which you will learn what petroleum is, where it comes from and how it affects all of our lives on a daily basis. These include but are not limited to the upstream, midstream, and downstream sectors that many commonly know.

Pdc energy a core wattenberg field and delaware basin producer. Mergers in the petroleum industry federal trade commission. The natural gas industry is an extremely important segment of the u. The oil and gas found in the ground come in different grades or qualities. Finance for the oil and gas industry edinburgh business school v contents module 1 introduction and the tools of finance 11 1. Nearly all sources of electricity derive from turbinedriven generators which are run by either wind, water, or the burning of a fossil fuel. For over 100 years the story was one of growth in production to supply a largely westerndriven market, and of competition between private. Companies in the technology sector must address the risks and disruptive potential of their products and services. As we, once again, move from one year to the next, how do we assess the oil and gas. The other 44 percent comes from coal, nuclear and hydroelectric power, renewables like wind, solar and tidal power, and biomass products such as.

Industry overview petroleum services association of canada. Learn more 11 modules covering key segments of the oil and gas industry. Vision 2040 global scenarios for the oil and gas industry 5 how to read the study few areas of the economy are as volatile literally and figuratively as the oil and gas sector. Introduction india is one of the fastest growing major economies in the world and the third largest consumer of petroleum products, after us and china. Is your organization prepared for the uncertainties, risks, and opportunities ahead. The oil and gas industry natural resource governance. The oil and gas business is clearly a multifaceted, global industry that impacts all aspects of our lives. Ooo kuliginskoe llc is strongly committed to conducting its business affairs with honesty and integrity and in full compliance with all laws, rules and regulations applicable. The future for the oil and gas industry has changed. Pdf this paper relies on available literature to embark on a historical.

Explore recent deal activity in the oil and gas industry, the impact of trade and commodity prices, and five predictions for the year ahead. Fiftyfive percent of executives polled in a recent survey believe that the industrys need for capital is driving the investment by pe in oil and gas projects 6. The oil and gas industry is no exception exhibit 1. Here i briefly overview the three primary segments within the oil and gas industry. There are many ways to look at the oil and gas industry. Our mission is to efficiently and safely produce energy, while respecting the environment, in order to power and better. You will become familiar with the various phases of the oil and gas value chain upstream. Offshoretechnology lists the top ten mergers and acquisitions, based on transaction value. The gas stream may be sold to a pipelinetransporter or another party transported to a gas processing plant returned, in part, to the lease or field for fuel to operate compressors. When you think of oil and gas in canada, you might just think of alberta, but oil and gas is an important part of our national energy mix. These include but are not limited to the upstream, midstream, and. Natural gas is typically stored in depleted underground reservoirs, aquifers, and salt caverns. Disclaimer any views or opinions presented in this presentation are solely those of the author and do not necessarily represent those of the department of earth and atmospheric sciences, college of natural sciences and mathmatics, or the university of houston.

Mergers and acquisitions in the oil and gas industry. It is also described as either sweet or sour depending on the amount of hydrogen sulfide in the reservoir. An overview of oil and gas upstream activities and using epas nonpoint oil and gas emission estimation tool for the 2014 nei jennifer snyder, u. If a reservoir contains both oil and gas, the gas it contains is called associated gas. The midstream industry processes, stores, markets and transports commodities such as crude oil, natural gas, natural gas liquids ngls, mainly ethane, propane and butane and sulphur. Historically, we know the tales of eternal fires where oil and gas seeps ignited and burned.