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. In subsequent posts well explore how oil and gas producers can. How the oil and gas industry works about hydrocarbon. Important developments since world war ii include deepwater drilling, the introduction of the drillship, and the growth of a global shipping network for. 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. The key skills, terminology and tools involved in each discipline are highlighted, and all concepts are thoroughly illustrated. Petroleum industry makes use of many different activities in all the sectors of the business cycle. It is easy to say that this industry is a global powerhouse. Take a look at some of the terms youll encounter working in the industry. It is intended to give a basic understanding to those who aim to promote better use of revenues from oil and gas. The sector is typically referred to as midstream, to. Petroleum, oil and gas industry training petroskills courses. I this 2nd of 10 modules, we introduce the learner to some key fundamentals of the midstream segment of the oil and gas industry.
Oil 101 is a free online introduction to the oil and gas industry. Mar 06, 2020 the oil and gas industry is the largest sector in the world in terms of dollar value. Basic information about oil and natural gas air pollution. Grasp the background and politics of standard setting for oil and gas accounting. Chemical selection and application for water treatment. An oil company is interested in leasing your minerals because they have reason to believe that they can find oil or gas there. The largest volume products of the industry are fuel oil. 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.
A basic guide to oil and gas drilling operations just like no two people are alike, neither are two wells. 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. 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. The parties and their interaction in an oil and gas lease. Oil 101 drilling fundamentals upstream oil and gas. 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.
This handbook has been compiled for readers with an interest in the oil and gas industry. 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. The dubai mercantile exchange offers futures for this crude. This site will help arm you with the knowledge, tools and confidence to make smart oil and gas. Oil 101 a free introduction to the oil and gas industry youtube.
Introduction to oil and gas upstream what is upstream. The oil and gas industry, also referred to as the petroleum industry, consists of all the various worldwide efforts to extract hydrocarbons from the earth, and process them into useful substances. With the release of its amazon basics synthetic motor oil, amazon has effectively entered into an industry ripe for disruption. How has working in the oil and gas industry changed over. Oil and services companys management apply hse policies to. Oil 101 an introduction to oil and gas elearning course. 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. In their basic sense, the gas and vapor is the exact same thing. Oil and gas industry overview petroleum industry 2. Our goal is to provide a cleareyed roadmap to understanding the oil and gas industry and evaluating the opportunities and potential risks realistically. You can access the first post via the following link. 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.
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. This organic material reacts under heat and pressure to form oil andor gas. The competitive and costly nature of the sector means that the oil and gas sector is one of the fastest moving industries in. The oil and gas industry natural resource governance. From the economics to the science and technology, this is a complex marketplace. The upstream sector includes exploration the searching for potential onshore or offshore oil and gas reservoirs, and the drilling of exploratory wells. Energy initiative associate in research daniel raimi gives an overview of the current state of the oil and gas industry.
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. The sector requires new business models, rationalized portfolios, accelerated investment in digital technologies and greater capital flexibility. Campbell facilities disciplines and courses, please select your area of interest below. 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. Petroleum oil and natural gas form from tiny plants and algae that settled in seas or lakes millions of years ago. Then we blame big oil or opec or the politicians or the local service station attendant before things quiet down again. Crude oil and natural gas are naturally occurring substances. It contributes significantly to the gross domestic product gdp of many nations and generates billions of. Petroleum and natural gas are the largest energy sources for the united states. Driven by the growth of unconventional oil and gas activity, the industry has witnessed increasing capital investments toward oil and gas infrastructure assets. Oil and gas accounting learning objectives after reading this chapter, you should be able to. It contributes significantly to the gross domestic product gdp of many nations and generates.
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. 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. Unlike turnarounds, shutdowns are not always planned. Organization of the petroleum exporting countries opec andor its member countries. Oil has been used for lighting purposes for many thousands of years. The landman, more often than not, works for an oil company and is a vital part of the oil. 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.
Amazon is in the oil business, proving no industry is. Oil and gas training courses 2020 petroskills oil and. Evolving energy demand and pricing outlooks are transforming the oil and gas industry. Historically, we know the tales of eternal fires where oil and gas seeps ignited and burned. But few companies are fully harnessing the power of digitalization. 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. 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. This introduction is designed to help anyone understand the fundamentals of companies involved in the oil and gas sector by explaining key.
Oil 101 drilling fundamentals upstream oil and gas this oil 101 drilling fundamentals module focuses on the drilling function of upstream oil and gas. What do the changes in the oil and gas industry mean for engineers. There are a couple of examples of what liquids become a gas. Oilfield basics free video blogs, selfpaced courses. Recently i have been fortunate to be in a position to learn a lot about the basics of the oil and gas industry. Oil and gas production handbook an introduction to oil. This reader covers basic information about oil and gas and the industry that extracts them. 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. Petroleum migrates as a mixture of oil, gas and water. There are a couple of examples of what liquids become a gas, mercury and water. Amazon is in the oil business, proving no industry is amazon. Domestically, we also measure the economic benefits of oil and gas, such as employment, investments and government revenues. The oil and gas or petroleum industry is typically divided into two main sectors upstream and downstream. A basic guide to oil and gas drilling operations greasebook.
From the economics to the science and technology, this is a complex. In this short video we show you what you get when you sign up for oil 101 at. It has a higher sulfur content and falls into the category of heavy, sour oil. With that in mind, the fundamentals of oil and gas. In this introduction to the oil and gas industry, we provide a snapshot of the petroleum sector. 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. How shale oil and gas is driving us refining and petrochemical investment. 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. 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. Topics include drilling, production, pricing and marketing.
Because drilling companies can use most of the same equipment to drill for oil as gas, there. The nymex middle eastern crude is known as dubai and oman oil. It doesnt matter if the wells are located in the same area, utilize the same equipment, or if they are drilled into with the same oil. This midstream content is derived from our oil 101 upstream ebook and can be found in our oil and gas.
The only difference is that vapor is a word that can describe the gas that will become a liquid when at room temperature. The depth and businessrelevance of our course content are unsurpassed. It is an overview of the main processes and equipment. This video will provide you with a general overview of the course structure, which has been designed for students and. This industry can be divided into a number of basic. Understand the secs reserve recognition accounting rra proposal. 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. 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. 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. This midstream content is derived from our oil 101 upstream ebook and can be found in our oil and gas learning community. A primer on the natural gas industry for investors looking to add it to their.
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 basics for the mineral owner article explaining the basics of oil and gas production written for mineral rights owners. The term petroleum refers to both crude oil and natural gas. Havard devold oil and gas production handbook an introduction. Take a look at some of the terms youll encounter working in the industry below. Many people hear the terms gas and vapor interchangeably. The terms upstream and downstream oil and gas production refer to an oil or gas companys location in the supply chain. An introduction to oil and gas production, transport, refining and petrochemical industry. Safety practices in the oil and gas industry infographic. In this module, we will learn about the nature of oil and gas, define some basic industry. Understanding the basics about the oil and gas industry. Oil and gas training courses 2020 petroskills oil and gas. Download it once and read it on your kindle device, pc, phones or tablets.
We offer multiple selfpaced online courses for anyone looking to gain a stronger understanding of our vast and complex industry. Mar 15, 2018 the oil and gas industry employs hundreds of thousands of workers worldwide and generates billions of dollars globally each year. The oil and gas industry is the largest sector in the world in terms of dollar value. Consider this article as your oil and gas 101 course, primarily written for the mineral rights owner. Join us as we discover something new every week through interviewing the hard working men and women across our expansive industry. Oct 14, 2019 basics of corrosion in oil and gas industry. 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. Learning oil and gas basics will help you maximize the value of your mineral rights. Introduction to upstream upstream business characteristics.
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