Oil and Gas industry

The spheric OLL and gas Industry also Involves the exploration and production of good and energy trading, pipeline monitoring and renewable energy. Petroleum is proved to be one of the most valuable commodities in the world today and a lively factor in the sustenance of industrial civilization. Crude anele colour production accounts for a significant amount of the worlds oil consumption, approximately 53% In the marrow East, 32% In Europe and Asia, 44% In South and Central America, 41% in Africa and 40% in North America.Developed countries represent the largest consumers of oil world(prenominal)ly. spot is a fully Integrated OLL and gas company operating In Industry segments such as the production and refining 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 remaining 37. 1% of the market. Classically accounts for 35. 8% of the global 011 and gas market value, while the Americas accounts for a further 31. % of the global market, Europe accounts for 24. 8% while the middle east accounts for 7. 9% of the global market. Where geographic naval division Is concerned the axis of the OLL market Is shifting from the trade between the shopping mall 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-tide and cyclical As indicated above, the global oil and gas industry 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 processing and transporting of produced liquids and gas from the well site to a downstre am facility such as a refinery, downstream facilities convey 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 some(prenominal) upstream and downstream interests) while others concentrate 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 tailfin years (2008-2013), largely driven by the global economic slowing and subsequent recovery. Although tensions in the Middle East and increasing difficulty In the extraction process threaten to hinder growth over the next five years, however greater economic activity in emerging markets will keep 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 organization of the Petroleum Expo rting Countries (OPEC). Just over 10% of the value of the worlds stock 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 footing of market consumption, statistics show oil and gas supplies 57% of global commercial energy consumption.