Oil and Gas industry

The world-wide OLL and swagger Industry also Involves the exploration and proceeds of commodity and free energy trading, pipeline monitoring and renewable energy. Petroleum is proved to be nonpareil of the most valuable commodities in the world today and a springy factor in the sustenance of industrial civilization. Crude oil outturn accounts for a significant amount of the worlds oil consumption, approximately 53% In the Middle East, 32% In Europe and Asia, 44% In southmost and Central America, 41% in Africa and 40% in North America.Developed countries demo the largest consumers of oil orbicularly. Station is a fully Integrated OLL and gas order operating In Industry segments such as the issue and ameliorate of petroleum, natural gas, and petrochemicals. Crude oil is the largest segment of the global oil and gas market, accounting for 62. 9% of the markets total volume. The natural gas segment accounts for the stay 37. 1% of the market. Classically accounts for 35. 8% o f the global 011 and gas market value, opus the Americas accounts for a further 31. % of the global market, Europe accounts for 24. 8% while the nub east accounts for 7. 9% of the global market. Where geographic segmentation Is concerned the axis vertebra of the OLL market Is shifting from the trade between the Middle East exporters and US and European importers to one that links Asian developing markets to Middle East, which no longer has sufficient oil to support these markets growing needs. Oil production In the US was the largest in the world in 2012 3. 1. 42. 1. Market structure, size, harvest-time and cyclical As indicated above, the global oil and gas sedulousness comprises two streams, which are upstream made up of petroleum exploration, production and extraction Including activities such as signing of leases, placing produced liquids and gas into pipelines, midstream comprising of bordering and transporting of produced liquids and gas from the healthful site to a downstream facility such as a refinery, downstream facilities deal with refining and processing of crude OLL and gas products, as well as their distribution and marketing.Some companies operate in the industry as fully integrated companies (I. E. Having both upstream and downstream interests) while others focus on a particular sector, such as exploration and production (E) or refilling and marketing. The global oil and gas industry exhibited a volatile performance over the past five years (2008-2013), by and large driven by the global economic slowdown and subsequent recovery. Although tensions in the Middle East and increasing difficulty In the extraction process threaten to hinder result over the next five years, just greater economic activity in emerging markets will turn back demand buoyant. IL and gas exports account for more than of the value of global exports and provide more than 25% GAP in Russia, Central Asia and members of the cheek of the Petroleum Exporting Countr ies (OPEC). Just over 10% of the value of the worlds parentage markets is invested in the oil and gas industry. The global oil and gas industry after a significant decline in 2009 has returned to dynamic growth in terms of market consumption, statistics show oil and gas supplies 57% of global commercial energy consumption.