PETROLEUM I. HISTORY The petroleum industry includes the global processes of exploration‚ extraction‚ refining‚ transporting (often by oil tankers and pipelines)‚ and marketing petroleum products. Petroleum in an unrefined state has been utilized by humans for over 5000 years. Oil in general has been used since early human history to keep fires ablaze‚ and also for warfare. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many
Premium Petroleum
ADEYEMI G.A OMEGA 2013 The petroleum industry has evolved over the years to become a gigantic industry. Personnel in the areas of sciences & applied sciences are required: • Petroleum engineers • Mechanical engineers • Chemical engineers • Electrical engineers • Computer scientists • Physicists • Chemists • Marine biologists & • Geologists engineers • Others There 2 broad classifications of global petroleum industry: • National Oil Companies (NOC)
Premium Petroleum
and gas industry or the petroleum industry is one of the most talked about industries today. Petroleum is used by many people all around the world and has become an important part of everyone’s routine. The industry also plays a significant role in the global economy. As most people know‚ Indonesia has a long and successful history in oil and gas production. Indonesian oil production is second only to China in the Asia Pacific region while the gas production is second to none. The industry also makes
Premium Petroleum
Porters Five Forces: (Petroleum Industry) Supplier Power: Strong The equipment manufacturers are small in number‚ yet large in size. Therefore‚ a high demand from the oil and natural gas companies has naturally given them an advantageous position within the sector. Their highly diversified product portfolio has continued to emphasize their strong bargaining power with the oil and natural gas companies. Due to the specialized nature of the suppliers‚ finding an alternative supplier is difficult
Premium Petroleum Hydrocarbon
2006‚ 90 – 97. Supply Chain Management in the Petroleum Industry: Challenges and Opportunities RAED HUSSAIN Department of Quantitative Methods & Information Systems‚ Kuwait University‚ Kuwait TIRAVAT ASSAVAPOKEE Department of Industrial Engineering‚ University of Houston‚ Texas‚ U.S.A. BASHEER KHUMAWALA Department of Decision and Information Sciences‚ University of Houston‚ Texas‚ U.S.A. Supply chain management in the petroleum industry contains various challenges‚ specifically in the
Premium Petroleum
Topic-The Indian Petroleum Industry International Business & Trade Operations Management Module BM6913 Module Leader-Enda Murphy Paul Taffee Submitted by-Charles Daniel-17387781 Abhishek Pathy-1716093 Sarthak Das-1749108 Introduction to the Petroleum Industry. The petroleum industry includes the processes of refining‚ extraction‚ refining‚ transporting (often by the oil tankers and pipelines)‚ and marketing them. The larges t volume products of the industry are petrol and
Premium Petroleum
downstream sector encompasses the refining‚ storage‚ distribution and marketing of petroleum products: • Refining Process: Crude oil is processed and refined into more useful products; • Storage: The products from the refining process are stored at depots via pipeline‚ land (trucks & rail) and sea (barge/vessel). These storage facilities are also called tank farms or terminals • Distribution and Marketing: Petroleum products are distributed from storage locations to the end-user directly or through
Premium Petroleum
specialized in petroleum engineering. Therefore I submit my application for the position of MSc Degree in Petroleum Geoscience for Reservoir Development and Production‚ University of Manchester. I am confident that I have the technical qualifications to meet the course requirements as I strongly believe by completing this course will serve my goal of a career in Oil and Gas industry or involved in research oriented organization. I have completed a four years Degree of engineering in Petroleum at UTM and
Premium Petroleum Oil well Petroleum industry
Analysis of the British Petroleum (BP ) industry environment 2007 Page : 1 Introduction BP Petroleum operates in different countries . It faces many threats according to Porter ’s Five Forces Model . The threats according to Porter comes from suppliers bargaining power ‚ buyers bargaining power ‚ threat of substitutes ‚ threat of new entrants in the market and threat of competition . These forces vary in its power and depend in different time periods for the same industry and the significant
Premium Barriers to entry Switching barriers Petroleum
Petroleum is an oily‚ thick flammable liquid‚ a mixture of various solid‚ liquid and gaseous hydrocarbons. Hydrocarbons are molecules that comprise of Hydrogen and Carbon. Petroleum is the general term for "unprocessed" crude oil. It is present beneath the Earth’s surface (Lithosphere) and forms when trapped‚ decomposed dead organisms buried in the sedimentary rock‚ and are heated under the immense pressure of new sedimentary layers over time (fossil fuel). The heat and pressure distilled the organic
Premium Petroleum