The oil and gas industry is the largest in the world. It drives all local and worldwide markets, governs governments, boosts or lowers the economies of many countries, causes massive losses in wars, and develops new civilizations. You should be aware that it is the first thing that has influenced technology during the last 100 years.
As a result, such a massive industry must have a great number of profitable sectors, firms, and laborers.
Then there are various industries that integrate the exploration, production, refining, transportation, petrochemical, and other associated operations to make the most use of the black gold.
Major Operations of Companies in the Oil and Gas Industry
The E&P Company
Oilfield Services Provider
Contractors who drill holes
Pipeline Corporations
Contractors for EPC
Refinery
Petrochemical Corporation
Systems and Automation
In the coming days, we will address each category in a separate post and recognize the most respectable firms in each industry.
E&P with Leading Companies
E&P Companies: E&P stands for Exploration and Production, and it is a subset of the oil and gas business. Companies participating in the high-risk/high-reward field of exploration and production concentrate on discovering, enhancing, producing, and retailing various forms of oil and gas. It is also known as an “owner company” since it holds mineral rights to oil and gas in reservoirs.
The oil and gas industry’s upstream portion is known as exploration and production (E&P). E&P resource owners and operators collaborate with a number of contractors, including engineering procurement and construction (EPC) contractors and oil field service providers.
The E&P firm might be a joint-venture collaboration between two or bigger businesses.
They are the dominant actor in the oil and gas markets, where they own the oil and control market pricing and the whole industry.
A joint venture (JV) is a type of commercial partnership in which two or more parties agree to combine their resources to complete a certain job. This work might be the start of a new project or any other type of commercial activity.
Each member is personally liable for the earnings, losses, and expenditures incurred. The venture exists independently of the partners’ existing commercial interests.
Most well-known E&P firms:
DUCH’S ROYAL SHELL: The year was 1907. The Hague, Netherlands is the location. $264.9 billion in revenue.
It is a British-Dutch oil and gas company, It is one of the “supermajors” in the oil and gas industry. It is a fully integrated firm that operates in all aspects of the oil and gas sector, including exploration, production, refining, transportation, distribution and marketing, petrochemicals, power generation, and trading. It also engages in renewable energy industries such as biofuels and wind energy. Careers on the website
ExxonMobil was founded in 1882. Irving, Texas is the location. $236.8 billion in revenue
It is a global American oil and gas firm headquartered in Irving, Texas. ExxonMobil was founded on November 30, 1999, by the combination of Exxon and Mobil. Its operations include oil and gas exploration and production, refining, and chemicals. Careers on the website
BP (British Petroleum) was founded in 1909. London, England is the location. $303.7 billion in revenue.
It is a vertically integrated corporation that operates throughout the whole oil and gas sector, including exploration and production, refining, distribution and marketing, petrochemicals, power generation, and trading. It is also interested in renewable energy, such as biofuels, wind power, and solar technologies. Careers on the website
TOTAL: Established in 1924. Courbevoie, France is the location. $143.4 billion in revenue
Total is a world-class worldwide oil and gas business, as well as a major player in low-carbon energy. They find, generate, process, sell, and market energy in various ways. Total is well-known for its oil and gas exploration, development, production, and marketing. Careers on the website
ROSNEFT: The year was 1993. Moscow is the location. $80.8 billion in revenue
Rosneft is the world’s largest publicly listed petroleum business and the head of Russia’s petroleum sector.
. The company’s core activities include hydrocarbon deposit prospecting and exploration, oil, gas, and gas-condensate production, upstream offshore projects, processing, and oil, gas, and product marketing in Russia and overseas. Careers on the website
CHEVRON was founded in 1906.
The United States of America has $129.9 billion in revenue.
From upstream exploration and production through midstream transportation, power, and trade to downstream manufacturing and retail, the corporation operates in fully integrated petroleum activities. They operate in a variety of industries, including chemical operations, mining activities, power generation, and energy services. Careers on the website
PetroChina was founded in 1999. Beijing, China is the location. $274.6 billion in revenue
One of the world’s major oil businesses. Petro China is active in crude oil and natural gas exploration, development, production, and marketing. The company also refines crude oil and petroleum products and manufactures and markets core petrochemical products, derivative chemical products, and other chemical products. Careers on the website
SINOPEC: The year was 2000. Beijing, China is the location. $283.6 billion in revenue
China Petrochemical Corporation (Sinopec Group) is massive petroleum and petrochemical conglomerate. Sinopec Group is China’s biggest supplier of oil and petrochemical goods, as well as the country’s second-largest producer of oil and gas, as well as the world’s largest refining corporation and second-largest chemical company. It has the second-highest number of petrol stations in the world. Careers on the website
Saudi ARAMCO: Established in 1933. Dhahran, Saudi Arabia is the location. $355.9 billion in revenue
According to Bloomberg, it is one of the world’s largest firms in terms of sales. the world’s most lucrative corporation. Saudi Aramco has the world’s second-largest proven crude oil reserves, with over 270 billion barrels, as well as the world’s second-largest daily oil output. Its global activities cover exploration, production, refining, LNG, chemicals, distribution, shipping, and marketing.career
Qatar Petroleum (QP): Founded:1974. Doha, Qatar is the location.
Qatar Petroleum (QP) is a state-owned petroleum business in Qatar. All oil and gas activities in Qatar are carried out by the company, including exploration, production, refining, transport, and storage of natural gas, crude oil, liquefied natural gas (LNG), gas-to-liquids (GTL) products, petrochemicals, natural gas liquids (NGL), refined products, steel and aluminum, and fertilizers. Other subsidiaries include Qatar Liquefied Gas Company, RasGas Companies, Qatar Fuel Additives Company, and Qatar Petroleum International.
Gazprom was founded in 1989. Moscow, Russia is the location. $102.1 billion in revenue
Gazprom is a worldwide energy corporation that focuses on geological exploration, production, transportation, storage, processing, and sales of gas, gas condensate, and oil, as well as the selling of gas as a motor fuel and the creation and marketing of heat and electricity. Apart from having the world’s greatest natural gas reserves, Russia is also the world’s largest producer and exporter of liquefied natural gas (LNG). Careers on the website
The Kuwait Petroleum Corporation (KPC): The year was 1980. Kuwait City is located in Kuwait. $102.1 billion in revenue
KPC is primarily concerned with petroleum exploration, production, petrochemicals, refining, marketing, and transportation. KPC generates around 7% of the world’s total crude oil. KPC intends to reach crude oil production capabilities of 4.0 million barrels per day in Kuwait by 2020. Website
Petrobras was founded in 1953. Rio de Janeiro, Brazil is the location. $90.1 billion in revenue
It Brazilian oil and gas firm is a Brazilian multinational corporation in the petroleum sector that is semi-public. In the most current Fortune Global 500 list, the firm was rated 58. Exploration, production, refining, gas, distribution, electricity, lubricant, petrochemicals, fertilizers, and biofuel are among its businesses. The company’s international activity comprises exploration and production. Career Website
ADNOC: Founded:1971. Abu Dhabi, United Arab Emirates is the location. $60 billion in revenue
ADNOC is one of the world’s major energy firms in terms of reserves and output. ADNOC has 16 subsidiary enterprises in the upstream, midstream, and downstream production phases. ADNOC is involved in the development of both onshore and offshore gas assets. Ruwais and Umm Al Nar are the locations of the company’s two oil refineries. ADNOC is an exporter of natural gas in the form of liquefied natural gas (LNG) produced in addition to supplies for local power and water utilities, as well as petrochemical industries. Careers on the website
Lukoil was founded in 1991. Moscow, Russia is the location. $90.4 billion in revenue.
It is one of the world’s largest publicly listed, vertically integrated oil and gas businesses, accounting for more than 2% of global oil output and around 1% of proven hydrocarbon reserves. Oil exploration, production, refining, marketing, and distribution are all specialties of the corporation. Careers on the website
Sonatrach was founded in 1963. Hydra, Algeria is the location.
It is an Algerian government-owned firm founded to utilize the country’s hydrocarbon resources. Its diverse activities span the whole oil and gas sector value chain. Upstream (exploration and production), midstream (transportation), and downstream (marketing, refining, and distribution of petrochemicals)
Petronas was founded in 1974. Kuala Lumpur, Malaysia is the location.
PETRONAS has grown to be an integrated international oil and gas company with business interests in 35 countries, engaged in a wide range of petroleum activities, from upstream exploration and production of oil and gas to downstream oil refining; marketing, and distribution of petroleum products; trading; gas processing and liquefaction; gas transmission pipeline network operations; marketing of liquefied natural gas; shi Careers on the website
DEA AG was founded in 1899. Hamburg, Germany is the location.
The acronym DEA is an abbreviation for Deutsche Erdöl-Aktiengesellschaft, the company’s original name. It is a natural gas and crude oil exploration and production (E&P) firm that operates on a global scale. The company’s goal is to be safe, environmentally friendly, and profitable.
The production of crude oil and natural gas, as well as their storage, must be sustainable. Its operations include high-volume underground natural gas storage facilities. Website
ENI was founded in 1953. Rome, Italy is the setting. $76.938 billion in revenue
The word “ENI” was originally an abbreviation for “Ente Nazionale Idrocarburi” (National Hydrocarbons Authority).
It is an Italian multinational oil and gas company with operations in 79 countries. It is considered one of the global supermajors and operates in a wide range of industries such as contracting, nuclear power, energy, mining, chemicals and plastics, refining/extraction and distribution machinery, and the hospitality industry. Careers on the website
