Oil & Gas Industry
The increased demand and the limited supply of both these fuels means the oil and gas industry has many difficult challenges ahead in the next decade and beyond, making it a very interesting sector to break into.
Oil and gas jobs represent a huge part of the job market in the UK, with positions ranging from customer-facing roles in public relations to commissioning jobs and project management jobs in the global arena. Ensuring a safe supply to those countries dependent on oil and gas for their economic prosperity is a difficult challenge the oil and gas industry has to face up to with depleting supplies and more countries becoming more dependent every day. Perhaps unsurprisingly this has led to a greater number of project management jobs in smaller countries where the emphasis is on working with the people and securing their future in terms of cleaner and sustainable fuel production. Read the rest of this entry »
Larger companies possess the advantage, having greater access to capital and the capacity to buy smaller companies or propagate amalgamations. Smaller companies rely on their abilities to pay attention to and develop expertise in a few geographical areas. Additionally, oil and gas competes along with other fuel-types, such as coal, nuclear power and hydro-electricity. In addition, other sources of energy are emerging, such as ethanol and bio-diesel and there are also forms of application arriving on the market, like the new generation of hybrid-electric car.
Oil and gas are located in huge, underground basins that meet certain geological criteria. As well as creating three-dimensional maps of underground structures and taking advantage of seismic waves to determine a site’s potential, exploratory drilling is still a major factor in finding gas and oil. Read the rest of this entry »
The oil and gas industry is one of the considerably changing and most important global industries all over the world. Oil and gas both are obtained from under the surface of earth. These energy sources are considered as the most useful natural resources.
The industry has touched every sphere of human life. With the arrival of technological development and explorations, the demand of gas and oil industry is increasing at a rapid pace. Around 60 to 70 percent global economic growth depends on this industry. Oil and gas are expected to remain the leading energy resources for decades to come.
The industry uses the following processes:
· Exploration process is involved in the formation of oil and gas
· Entire production and development of crude oil or natural gas
· Retailing and end users
Every industry has its unique challenges, terminology and methodologies. This industry includes both offshore and onshore energy sectors located in various parts of the globe.
Oil and gas industry typical applications
· Distribution of the fuel
· Wellhead control on Sub-sea
· Research on renewable resource
· Proper management of asset
· Conversion of Advanced protocol
· Downhole submersible pump monitoring and pressure temperature gauges
· Flow metering on Multi-phase (gas, oil, sand, water)
The oil and gas industry establishes the course to explore the oil well at the right locations and dig out gas and oil effectively. These sources are found deep inside the earth and proper procedure must be carried out at the specific location. The entire process involves a lot of money which is the major reason for the price hike in this industry. The prices of the oil and gas can be controlled somewhat by lowering production cost.
There are some major companies which are dealing in this industry such as Shell, BP, ConocoPhillips, Chevron, Total S A and ExxonMobil. Russia, USA, Iran, China, Russia are the major producers of oil all over the world.
There are several numbers of companies which are spending billions of dollars to maintain and increase the production and development of oil & gas. Maintaining the exploration process in an apt manner is very important for the growth of oil & gas industry.
These days, this industry is setting up some new policies and technologies to meet the upcoming demands and deal with the environmental issues. Production and exploration companies especially focus on finding hydrocarbon reservoirs, gas wells and drilling oil and selling and producing these materials. This entire process comes under the category of upstream gas and oil activity.
The oil and gas industry jobs are available aplenty – even with the recession making inroads into this enormously successful and lucrative career landscape. And being a vast and an oft uncharted territory for most of the elite of the recruitment seekers, the oil & gas job search is often sans the cut-throat rivalry that is now pre-dominant in most other job arenas.
However, this does not make the road to making a career in this domain a cakewalk. Most of the interviewees either do not have an idea about how to search for jobs in this particular industry, or do not have the soft-skill or prowess to make it through an interview in the said sector.
Here are 5 tips to help you out in locating and attaining an oil & gas industry job in a jiffy!
1. Identify the Entry Level: You might be a graduate from an elitist college, but if you are willing to work in the oil and gas industry jobs, you need to work from the bottom rung and upwards from there. This is important because only then would you be able to handle managerial positions well- with the basic entities of the domain at your command.
2. Experience: Experience is a huge factor in gaining a foothold in your oil and gas job search. The more experience you have working on oil rigs or offshore platforms, the better are your chances to locate a high-paid job from the industry. For freshmen, it is better to work and gain valuable experience at the junior levels being trying their luck further up the corporate ladder.
3. Use References: Again, experience counts – and also helps in making acquaintances that may help ply your case to the top management. Remember, the oil and gas industry jobs are all pretty elusive – but can be pretty easy to achieve with the help of well-placed & well-informed references.
4. Stay Up-to-date About the Latest News from the Sector: Knowledge is power – practical or theoretical, or both! The more you know of the latest trends in the oil and gas industry jobs, the higher are your chances of making the cut in the interviews. This also includes some very hands-on research and banter with people already working on rigs or platforms offshore.
5. Focus on the Positives: Remember, it is easy to highlight the negatives and shy away from the said industry. However, if you focus on the positives, you will find yourself better placed to answer HR questions thrown at you during the interview. This includes high-points like better pay, perks as well as an easy and quick climb to the top managerial positions if you are smart enough!
So you see, getting the coveted oil & gas industry job is not as tough as it is made out to be. However, it is no cakewalk either – and preparation & knowing is half the battle won.
The oil and gas industry is amongst the six core industries in India. This industry is a major factor for the growth being witnessed in the Indian economy today. The natural gas and petroleum sector, which is inclusive of refining, transportation, and marketing of these products, contributes about 15% to India’s GDP.
Exports from petroleum are the highest in terms of the foreign currency amassed and accounts for 17% of the total exports. The Economic Affairs Committee gave 44 oil and gas blocks for exploration under the New Licensing Policy. These allocations will bring investments worth US$ 1.5 billion in this sector.
As this is an ever growing sector, investment in oil and gas industry promises a great deal.
• Refining: India is rising as a potential refining hub because the capital costs are lowered by 25-50% here in comparison to other Asian countries. India ranks fifth in the category of refining. Its share is 3% of the capacity worldwide and is going to improve further by 45% over the next 5 years. This is in accordance with a report compiled by Deutsche Bank.
• Retail: A surge in the automobile market has led to investments for extending the petroleum sector. According to Keystone, a US consultancy, the automobile industry is poised to grow to 20 million by 2030. This makes India the 3rd-largest market for automobiles worldwide. Thus, the need for more petroleum and petroleum-based products is going to rise further.
• Gas: The power and fertilizer sectors in India drive the demand for gas in the country. They use 66% of the total gas produced. The demand for gas is set to grow; thus, the natural gas share in the overall mix is projected to rise from 8% to 20% by 2025.
The investments by public sector oil companies is going to be US$ 11.33 billion to expand supplies and build new networks for transportation of oil and gas.
The policies of the government are a further boost to foreign investment in this industry.
These are government initiatives
1. 100% FDI is allowed in private refineries via the automatic route and up to 26% in government-owned ones.
2. 100% FDI is also granted in cases of petroleum products, gas pipelines, exploration, and marketing or retail via the automatic route.
3. It has also abolished the administrated pricing policy.
4. With NELP (New Exploration Licensing Policy) it has helped encourage further explorations for oil and gas reserves in India.
India’s energy sector will be instrumental in providing avenues worth US$ 120 billion to 150 billion over the coming 5 years. As per the Investment Commission, the opportunities in the oil and gas sector are projected to reach US$ 35-40 billion by 2012.
Another reason that investments in this sector can be useful is that crude oil coming from the Middle East region can easily be transported to India. Also, India offers cost-effective refining technologies.