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. Talos and stone energy merge in the gulf of mexico report. Det norske and bp norway merge to form aker bp report wood. The oil industry, gas supply and refinery capacity. Mobil is a multinational oil, natural gas and chemical group. At the formation of motiva, a shell affiliate owned 35% and texaco and saudi aramco affiliates each held. Commission europeenne, dg comp merger registry, 1049. The multiplicity of factors that influence the directions of the petroleum production chain is huge, making the task of preparing strategies and action plans. This industry includes companies engaged in the operation of oil and gas refineries for the production and sale of gasoline. Multiple choice questions on oil, gas, and petrochemicals.
The gases are valuable and are not regarded as waste. The price of crude oil differs mainly according to its density light, medium or heavy, content of sulfur sweet or sour and acids. This pithy assessment underscores the modern worlds dependence on oil and illustrates why the industrys security is critical to the security of every nation. An independent refiner, on the other hand, purchases most of its crude oil on the open market.
Many oil and gas companies continue to struggle to adapt to current, challenging markets and to demonstrate positive returns on capital employed. The oil and gas industry natural resource governance. Join oil and gas business leaders in the woodlands, texas, from september 1416, 2020, and discover how to transform into an intelligent enterprise and drive business success with insight from sessions on sap road map and solution updates. Crude oil to chemicals complex light crude reference pep 29i pep 29j pep 29j pep 303 1. Step 1 in the refining process is to remove these contaminants so as to reduce corrosion, plugging, and fouling of equipment and to prevent poisoning catalysts in processing units. While every care is taken in the collection and compilation of data, the survey is interpretative and indicative, not conclusive. Frontiers primary products were gasoline, diesel, and asphalt, and were marketed in the rocky mountain. Oil and gas are exported either as refined products or crude oil in specialized tankers.
If a reservoir contains both oil and gas, the gas it contains is called associated gas. The new company will focus on offshore exploration and development in the us gulf of mexico and offshore mexico. Pdf oil and gas production handbook an introduction to. The petroleum refining industry converts crude oil into more than 2500 refined products, including liquefied petroleum gas, gasoline, kerosene, aviation fuel, diesel fuel, fuel oils, lubricating oils, and feedstocks for the petrochemical industry. Multiple choice questions on oil, gas and petrochemicals includes over 1500 questions covering the exploration of oil and gas, refining of oil, natural gas and petrochemical sectors. Havard devold oil and gas production handbook an introduction. The diagram depicts only one of the literally hundreds of different oil refinery configurations. The case for a strong domestic refining industry april 2011 7 about api the american petroleum institute api is the only national trade association that represents all aspects of americas oil and natural gas industry. Exxon mobil merger analysis the acquisition of mobil corporation by exxon corporation is one of the largest mergers in the history of the oil industry and rejoins the two largest of the companies that resulted from the 1911 breakup of the standard oil trust. Upstream, midstream and downstream understanding the three. In 1919, a 50% interest in humble was acquired by standard oil of new jersey which acquired the rest of the company in september 1959 and merged with its parent to become exxon company, usa in 1973.
Exxonmobil is an international oil and gas company operating one of the biggest refineries in the world. Cognizant 2020 insights introduction the challenges and opportunities arising in the oil and gas industry including elasticity in the cost of crude, increased competition, new and unconventional shale gas discoveries and a stringent. Light sweet crude is processed more easily and yields a greater amount of light products. Portfolios capital structure contribution to their host society and economy. Oil and gas it game plan how to survive and thrive mergers and acquisitions, divestitures and separation. Thus, the chemical composition of a crude oil and its various boiling range fractions influence refinery investment requirements and. Jun 19, 2019 its portfolio included shale gas, tight gas, coal bed methane, and shale oil assets across the us, which complemented exxonmobils portfolio in the us, canada, germany, indonesia, poland, hungary, and argentina. The worlds largest oil company and petrochemical company merge. A medium blend is desired because it has the composition that will yield the highest output of high octane gasoline and diesel fuel in the cracking refinery. The book is useful for students pursuing their bachelor s or master s degree in petroleum exploration and for the professionals working in upstream, midstream and. Learn about increasing visibility and insight in the modern. Oil refining and products request pdf researchgate. Create your own screens with over 150 different screening criteria.
Crude oil distillation is more complicated than product distillation, in part because crude oils contain water, salts, and suspended solids. The difficult investment environment, coupled with restricted access to financing, has dampened dealmakingand that appears unlikely to change in the near term, as oil and gas prices in 2020 are expected to remain volatile. Mergers in the petroleum industry federal trade commission. The downstream sector involves crude oil refining to oil products to. Request pdf oil refining and products this article discusses the various aspects of petroleum refining and oil products as a primary energy source and as a. Phillips now plans to merge with conoco, which would make it the largest in the u. Due to the chemistry of oil refining, the higher the ch ratio of a crude oil, the more intense and costly the refinery processing required to prod uce given volumes of gasoline and distillate fuels. The oil refining industry in china has faced rapid growth in oil imports of increasingly sour grades of crude with which to satisfy growing domestic demand for a slate of lighter and cleaner. 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.
Simplify and standardize processes to enable innovation in the oil and gas sector by harnessing intelligent cloud services from sap. Recent initiatives by the government of india as per india brand equity foundation ibef report,15 the government of india has taken some key initiatives to promote the oil and gas sector, which are as follows. Saudi aramco is an oil and gas exploration and production company that markets and delivers crude oil, related products, and chemicals to various countries across asia, europe, and the americas. Our more than 400 corporate members, from the largest major oil company to the smallest of. The valuable liquid is formed when oil and natural gas merge together to create petroleum, a name which originates from the latin word meaning rock oil. Oil and gas production handbook an introduction to oil.
The oil and gas found in the ground come in different grades or qualities. On 21 november 2017, talos energy, llc and stone energy announced that they will merge to create talos energy, inc. Integrated oil companies are engaged in all aspects of the petroleum industryexploring for and producing crude oil, as well as refining, transporting and marketing petroleum products. On completion, bp will own 30% of the combined business, with aker which currently owns 49. This slide shows the different routes of converting crude oil to chemicals 2. Apr 03, 2017 energyhq is your goto source for the latest articles, stories and videos on how the oil and natural gas industry fuels the way we live, work and play. Oil and gas refining and marketing industry rank 35. The image on the following page is a schematic flow diagram of a typical oil refinery that depicts the various unit processes and the flow of intermediate product streams that occurs between the inlet crude oil feedstock and the final end products.
Traditional us oil and gas private equity strategy typically involved investing relatively early in a shale play, proving up the acreage and holding by production, and making a few bolton acquisitions with the goal to ipo or sell to a larger company about five years after the initial investment. Sap can call you to discuss any questions you have. Young builds a coaloil refinery in whitburn, scotland. 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. The primary way to describe the quality of oil is in terms of its sweetness and heaviness. We take pride in seeing skilled oil and natural gas industry professionals go to work, and want to show the world how our country is creating a new standard with innovation and technology driven by the next generation of oil and natural gas. Mergers and acquisitions in the oil and gas industry. Should i invest in stocks in the oil and gas refining and. As a result, just five companies now control 48% of domestic crude oil production, 50. Heres how the historic collapse in oil prices affects producers. For natural gas, this means separating the useful methane called pipeline gas, from ethane, propane, butane, hydrogen sulphide, water vapour, hydrates and pentane. The government of india has announced its plans to merge state oil companies. Frontier oil was an energy company, originally based in canada, that moved to the united states. Petroleum falls into the fossil fuel category due to the fact that it is a product of naturally decaying prehistoric plant and animal matter.
In the field of refining distribution,phillips has sold almost all of its activities to ultramar diamond shamrock. Sabic is one of the worlds largest petrochemicals companies and comprises four business segments, including petrochemicals, specialities, agrinutrients, and metals. Further, vitol owns, through its vtti participation, a refinery in antwerp. The oil and gas are then transported, either by ship or pipeline, to processing facilities. Oil has been used for lighting purposes for many thousands of years.
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