Introduction this article focuses on the various legislative enactments governing the oil and gas regime in nigeria. Pdf opportunities and challenges big data in oil and gas. He has written numerous reports and briefing papers and articles for journals. Health and safety hazards management in oil and gas industry article pdf available in international journal of engineering and technical research v606 june 2017 with 8,415 reads. An exclusive infographic on the power and potential of operational excellence in the oil and gas industry, looking at digital transformation, data and analytics, workforce issues and managing aging as. Mar 06, 2020 the oil and gas industry is the largest sector in the world in terms of dollar value. What has emerged from the chaos of 2014 is not your fathers oil and gas. Big data space is developing rapidly in all areas,especially in the oil and gas industry. The relationship between oil price and costs in the oil and. A concise journey from ancient time to modern world. An aging workforce coupled with a boom in new oil and gas development is creating challenges for energy companies in the areas of recruitment, retention, and training. Td ameritrade strategist explains why millennial investors have been buying. The regulator had issued about 6 new city gas distribution licences over the past two years, picking winners primarily on the basis of the work pledged, including the number of piped gas connections, natural gas stations and length of the proposed pipeline.
They and centennials are much more technologically savvy than previous generations, and. The oil platform accounted for roughly 10 percent of the north seas oil and gas production. Report for discussion at the tripartite sectoral meeting on occupational safety and health and skills in the oil and gas industry operating in polar and subarctic climate zones of the northern. Optimization and analytics technologies are currently playing a vital role in enabling the oil and gas industry to achieve its goals. Oil prices just had their worst ever quarter as coronavirus slashes demand get this delivered to your inbox, and more info about our products and services. As we, once again, move from one year to the next, how do we assess the oil and gas. Pdf health and safety hazards management in oil and gas. For it to be the fuel that can go into a car or converted into plastics, it must go through a. From weakening economic growth and intensifying trade tensions to global political risks, our 2020 oil and gas industry outlook takes stock of the main factors to watch in 2020.
How women can help fill the oil and gas industry s talent gap. It contributes significantly to the gross domestic product gdp of many nations and generates billions of. Oil and gas news, analysis and insights around energy. Optimization in the oil and gas industry springerlink. A look at the top issues facing the oil and gas sector deloitte. He was a contributor to oil titans by valerie marcel 2006. This oil and gas research journal offers an open access platform to the authors to publish their research outcome. Explore our 2020 oil and gas industry outlook to help your energy business get ahead of upcoming challenges. The oil and gas industry overview and trends nrgi reader april 2015 this reader is intended for use in conjunction with the natural resource charter. Oil and gas industry news headlines articles updates.
Oil, gas and mining industry toolkit 2 oil, gas and mining industry overview the u. The finite availability of crude oil has long been recognized although exact estimates of how finite these reserves are vary greatly, but. Pdf issues impacting sustainability in the oil and gas industry. Trend and progress in global oil and gas exploration sciencedirect. Current issue oil and gas research displays the articles that are accepted and meant for publication during that month.
Forbes is a leading source for reliable news and updated analysis on energy. Occupational safety and health and skills in the oil and gas. Industries are embracing technology to reshape their operating landscape and reap the benefits of improved productivity, higher efficiency, and increased cost savings. The oil and gas industry is not a stranger to this and is progressing towards digital maturity.
They and centennials are much more technologically savvy than previous generations, and they want interesting problems to solve. News about oil and gasoline, including commentary and archival articles published in the new york times. Ekt interactive has been an industry leader in oil and gas training since 2010. A look inside the data refinerythe expansion and impact of upstream software and emerging technologies in the oil and gas industry. The oil price crash will have a dramatic impact on the industry s upstream project pipeline as almost all prefid projects will be deferred, said wood mackenzie. Opec continues to constrain supply even as overall production keeps rising, possibly ahead of consumption in 2020. Gerhard toewsaand alexander naumovb a oxford centre for the analysis of resource rich economies, department of economics, university of oxford b economics team bp january 2015 abstract. The most prominent of these are low oil prices, emergence of new hydrocarbon sources, increasing penetration of renewable energy, electric vehicles, strict carbon. World oil magazine features technical articles, news and industry statistics relating to drilling, completion and production and segments of the worldwide oil and gas industry, both onshore and.
Oil and gas stocks will continue to get beaten down without consolidation, jim cramer says. How will the trends we watched in 2019 play out in 2020. This issue of opte contains a collection of articles focusing on problem modeling and algorithmic development in all three sectors. Piper alpha piper alpha is considered one of the worst offshore oil disasters in history. Although oil companies have become interested in newer alternative sources of energy, oil and natural gas remain the founda tion of most large, international oil companies. In 2019, ongoing oil price volatility is likely to make oil and gas company valuations more challenging. Although pipeline and rail are generally used to transport oil and gas long distances, truck transportation is commonly used to move smaller quantities of oil and gas over shorter distances. Nov 14, 2019 nebosh oil and gas study material pdf download, nebosh oil and gas questions and answers pdf, nebosh oil and gas books pdf, past papers, revision notes pdf. Despite the fact that trucks have limited holding capacity, they help move oil and gas from production sites to pipelines and other longdistances transporta. Article pdf available december 2015 with 8,518 reads.
Is your organization prepared for the uncertainties, risks, and opportunities ahead. Knowledge based oil and gas industry natural resource. The oil and gas industry is facing a shrinking talent pool for those with specialized expertise. Administration, international energy statistics and shortterm energy outlook, june 2014. The paper starts with an overview of the oil and gas industry and proceeds with analysing its competitiveness with implications to new firms that are considering entering into the industry. The oil and gas industry used to have a relatively low proportion of higher educated personnel, but this gap has now been closed and the industry is just as attractive for talent as other norwegian industries. The oil and gas industry is the largest sector in the world in terms of dollar value. Receive quarterly updates on recent reports and articles from mckinsey. Documentsenergyresourcesuser2015dtpproutlook01172015. In terms of revenue growth rates, the oil and gas industry beat technology and communication to emerge as the top sector in the forbes 2019 list with 16. Bureau of labor statistics bls classifies the mining, quarrying, and oil. Current issue oil and gas research journals publishers. On july 6, 1988, an explosion and subsequent fires killed 167 workers, according to.
And smaller companies, including us independents such as marathon, apache and devon, are reducing their international positions to double down on domestic unconventional plays. A select group of oil, gas and energy rss feeds from around the world. Read the breaking energy coverage and top headlines on forbes. The oil and gas industry natural resource governance. Nov 05, 2018 the oil and gas industry is missing the mark with millennials. North sea oil and gas producer still faces opposition from biggest creditor. Financial stress in the oil and gas industry ieefa. In this paper explores opportunities and challenges big data in oil and gas industry. Refining what comes out of the ground is not often a form of petroleum that can be used right away. Oil collapse and covid19 create toxic geopolitical stew. The purpose of this paper is to analyse the oil and gas industrys competitiveness using porters five forces framework.
Since the 2014 oil and gas downturn, the industry reinvented itself in order to rebound. The disruption in oil and gas upstream business by industry 4. This industry note examines the oil and gas industry. Oil and gas slowing economic expansion is crimping demand growth for crude oil, although its likely to grow around 1. Trends and challenges for the oil and gas industry stout. Oil and gas iq articles keep you up to date with the latest industry changes and developments in the oil and gas industry. Occupational safety and health and skills in the oil and gas industry operating in polar and subarctic climate zones of the northern hemisphere. Counter fuel laundering and fuel adulteration using nonlaunderable markers. Public regulation of the oil and gas industry in nigeria. The note first provides background information on industry financial performance, the role of opec, and the problems oil producing nations have had in capitalizing on their resource wealth i. The enormous economic contribution of the oil and gas industry to many national economies makes its future of critical importance to the global community. The relationship between oil price and costs in the oil and gas industry. The major transformation in oil and gas exploration field and strategy will be beneficial to the discovery of more oil and gas fields in china. We propose a simple structural model of the upstream sector in the oil and.