With the release of its amazon basics synthetic motor oil, amazon has effectively entered into an industry ripe for disruption. Today, many thousands of experts from industry, regulators and academics are working together to ensure canada remains among the worlds most responsible developers of oil and gas. This introduction is designed to help anyone understand the fundamentals of companies involved in the oil and gas sector by explaining key. Join us as we discover something new every week through interviewing the hard working men and women across our expansive industry. How has working in the oil and gas industry changed over.
Evolving energy demand and pricing outlooks are transforming the oil and gas industry. Oil and gas production handbook an introduction to oil. A basic guide to oil and gas drilling operations greasebook. Introduction to oil and gas upstream what is upstream. This site will help arm you with the knowledge, tools and confidence to make smart oil and gas. With that in mind, the fundamentals of oil and gas is a perfect primer for the firsttimer in the field, while also a copious text to help a seasoned veteran stay abreast with the nuances of the world of oil and gas. In this module, we will learn about the nature of oil and gas, define some basic industry.
Jul 28, 2016 in this seminar, decherts shane debeer and navpreet atwal examine the basics of the oil and gas extraction industry from a legal perspective, including exploration and production in the us and. 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. Oct 14, 2019 basics of corrosion in oil and gas industry. Safety practices in the oil and gas industry infographic. The sector requires new business models, rationalized portfolios, accelerated investment in digital technologies and greater capital flexibility. There are a couple of examples of what liquids become a gas, mercury and water. Globally, benefits such as lower greenhouse gas ghg emissions and a decrease in energy poverty could be realized if more of canadas responsibly developed oil and gas were exported to developing nations. An introduction to oil and gas production, transport, refining and petrochemical industry. The nymex middle eastern crude is known as dubai and oman oil. From the economics to the science and technology, this is a complex marketplace. Oil and gas basics for the mineral owner article explaining the basics of oil and gas production written for mineral rights owners. Our goal is to provide a cleareyed roadmap to understanding the oil and gas industry and evaluating the opportunities and potential risks realistically. In this introduction to the oil and gas industry, we provide a snapshot of the petroleum sector.
Petroleum industry makes use of many different activities in all the sectors of the business cycle. How shale oil and gas is driving us refining and petrochemical investment. The only difference is that vapor is a word that can describe the gas that will become a liquid when at room temperature. The oil and gas industry, potentially one of the most hazardous industry sectors in the united states, has one of the most thorough safety programs. Campbell facilities disciplines and courses, please select your area of interest below. It contributes significantly to the gross domestic product gdp of many nations and generates. Topics include drilling, production, pricing and marketing. 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. In this short video we show you what you get when you sign up for oil 101 at. Oil and services companys management apply hse policies to. Introduction to the oil and gas industry who should attend beginning specialists in the oil and gas industry 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. It contributes significantly to the gross domestic product gdp of many nations and generates billions of.
The largest volume products of the industry are fuel oil. This reader covers basic information about oil and gas and the industry that extracts them. From the economics to the science and technology, this is a complex. This handbook has been compiled for readers with an interest in the oil and gas industry. This organic material reacts under heat and pressure to form oil andor gas. Introduction to the oil and gas industry who should attend beginning specialists in the oil and gas industry 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. This industry can be divided into a number of basic. Take a look at some of the terms youll encounter working in the industry. We offer multiple selfpaced online courses for anyone looking to gain a stronger understanding of our vast and complex industry.
The upstream sector includes exploration the searching for potential onshore or offshore oil and gas. An oil company is interested in leasing your minerals because they have reason to believe that they can find oil or gas there. Because drilling companies can use most of the same equipment to drill for oil as gas, there. Understanding the basics about the oil and gas industry. The oil and gas industry natural resource governance. Petroleum, oil and gas industry training petroskills courses. Only petroskills courses are developed in collaboration with the petroskills alliance the industrys most authoritative voice concerning what oil and gas professionals really need to know today. Oil 101 a free introduction to the oil and gas industry i this first of 10 modules, we introduce the learner to some key fundamentals of the. The oil and gas industry is the largest sector in the world in terms of dollar value. Oil 101 a free introduction to the oil and gas industry youtube. The oil and gas industry is one of americas biggest economic driving forces and currently, the u. Oil has been used for lighting purposes for many thousands of years.
The dubai mercantile exchange offers futures for this crude. The key skills, terminology and tools involved in each discipline are highlighted, and all concepts are thoroughly illustrated. Driven by the growth of unconventional oil and gas activity, the industry has witnessed increasing capital investments toward oil and gas infrastructure assets. A primer on the natural gas industry for investors looking to add it to their. The sector is typically referred to as midstream, to. Turnaround activities may include preventative care of equipment, general corrective repair of faults, stripdowns, complete replacement and overhaul, or maintenance. The petroleum industry, also known as the oil industry or the oil patch, includes the global. Oil and gas industry overview petroleum industry 2. What do the changes in the oil and gas industry mean for engineers. The parties and their interaction in an oil and gas lease.
In subsequent posts well explore how oil and gas producers can. Understand the secs reserve recognition accounting rra proposal. When crude oil is refined or processed, it takes about three barrels of oil to produce two barrels of unleaded gas and one barrel of heating oil. Jun 10, 2014 recently i have been fortunate to be in a position to learn a lot about the basics of the oil and gas industry. A landowner who owns both the surface rights and the mineral rights to their farm is usually approached by a landman to begin the leasing of the mineral rights. This midstream content is derived from our oil 101 upstream ebook and can be found in our oil and gas learning community. Amazon is in the oil business, proving no industry is amazon. Petroleum and natural gas are the largest energy sources for the united states. The term petroleum refers to both crude oil and natural gas.
Mar 06, 2020 the oil and gas industry is the largest sector in the world in terms of dollar value. In the reservoir these phases separate according to density with the most dense, water on the bottom, least dense gas on top and oil between the two. Furthermore, our free and short video blogs are a great way to learn a lot quickly. Introduction to upstream upstream business characteristics. You can access the first post via the following link. Recently i have been fortunate to be in a position to learn a lot about the basics of the oil and gas industry. Take a look at some of the terms youll encounter working in the industry below. Basic information about oil and natural gas air pollution standards the oil and natural gas industry includes a wide range of operations and equipment, from wells to natural gas.
Basic information about oil and natural gas air pollution. The oil and gas or petroleum industry is typically divided into two main sectors upstream and downstream. There are a couple of examples of what liquids become a gas. Amazon is in the oil business, proving no industry is. Dec 04, 2015 oil 101 a free introduction to the oil and gas industry i this first of 10 modules, we introduce the learner to some key fundamentals of the upstream segment of the oil and gas industry. Basics of the petroleum industry covers a wide variety of topics such as the generation and trapping of hydrocarbons, the nature of geophysics, and basic petroleum engineering practices. A basic guide to oil and gas drilling operations just like no two people are alike, neither are two wells. The landman, more often than not, works for an oil company and is a vital part of the oil. Mar 15, 2018 the oil and gas industry employs hundreds of thousands of workers worldwide and generates billions of dollars globally each year. This video will provide you with a general overview of the course structure, which has been designed for students and professionals who are keen to gain an understanding on hydrocarbon exploration, production and much more. Royalty management explains how to manage oil and gas. Learn how the oil and gas industry works our elearning courses explain oil s journey from microbes to markets start now with free access to oil 101 an introduction to upstream oil and gas. Petroleum industry overview the petroleum industry includes the global processes of exploration, extraction, refining, transporting often by oil tankers and pipelines, and marketing petroleum products.
Important developments since world war ii include deepwater drilling, the introduction of the drillship, and the growth of a global shipping network for. It is easy to say that this industry is a global powerhouse. Oil and other products of the well need to be tested before theyre sold, as well as to determine the effectiveness of things like chemical. Oil and gas production basics in nontechnical language. These are mixtures of hydrocarbons which are molecules, in various shapes and sizes, of hydrogen and carbon atoms, and different mixtures of hydrocarbons have different uses and different economic values. Havard devold oil and gas production handbook an introduction.
This upstream module includes the following sections use the links below for quick access. The upstream sector includes exploration the searching for potential onshore or offshore oil and gas reservoirs, and the drilling of exploratory wells. It is an overview of the main processes and equipment. Domestically, we also measure the economic benefits of oil and gas, such as employment, investments and government revenues. Oil and gas training courses 2020 petroskills oil and. This midstream content is derived from our oil 101 upstream ebook and can be found in our oil and gas. Oil 101 is a free online introduction to the oil and gas industry. Crude oil and natural gas are naturally occurring substances. But few companies are fully harnessing the power of digitalization. Chemical selection and application for water treatment.
Grasp the background and politics of standard setting for oil and gas accounting. Many people hear the terms gas and vapor interchangeably. Download it once and read it on your kindle device, pc, phones or tablets. Turns out we 100% agree but we here at oilfield basics are determined to learn as much as we can and we want you do learn right alongside of us. Petroleum migrates as a mixture of oil, gas and water. Oilfield basics free video blogs, selfpaced courses. Petroleum products include gasoline, heating oil, propane, and kerosene. Energy initiative associate in research daniel raimi gives an overview of the current state of the oil and gas industry. The depth and businessrelevance of our course content are unsurpassed.
Oil and gas accounting learning objectives after reading this chapter, you should be able to. 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. Unlike turnarounds, shutdowns are not always planned. Learning oil and gas basics will help you maximize the value of your mineral rights. It is intended to give a basic understanding to those who aim to promote better use of revenues from oil and gas. Consider this article as your oil and gas 101 course, primarily written for the mineral rights owner. It has a higher sulfur content and falls into the category of heavy, sour oil. The terms upstream and downstream oil and gas production refer to an oil or gas companys location in the supply chain. This video will provide you with a general overview of the course structure, which has been designed for students and. Oil 101 an introduction to oil and gas elearning course. Petroleum oil and natural gas form from tiny plants and algae that settled in seas or lakes millions of years ago. With that in mind, the fundamentals of oil and gas. Basics of the petroleum industry subsurface consultants.
Oil 101 drilling fundamentals upstream oil and gas. Upstream is a term used in the oil industry which refers to the searching for, the recovery and production of crude oil and natural gas. Historically, we know the tales of eternal fires where oil and gas seeps ignited and burned. This post is the second in a series exploring common strategies which can be utilized by oil and gas producers to hedge their exposure to crude oil, natural gas and ngl prices.
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