Is the oil and gas industry not picking back up forever?

Is the oil industry dying?

The present downturn has made large portions of us question whether the oil industry is dying. The quantity of oil and gas jobs lost amid this downturn is assessed to be between 400,000 – 500,000 around the world. In the meantime the industry faces existential dangers from preservationists, elective energy and electric cars.

Is the oil industry dying?

Here, we examine what is probably going to happen, and what you ought to do about it.

Change is surrounding us, in truth a large number of the suspicions that we experienced childhood with, that our folks showed us, are turning out to not be valid for us by any means. For instance:

  • There are no ‘jobs forever’ any longer, employer stability is a deception.
  • Education is being seen less as an early life occasion, and to a greater extent a deep rooted attempt.
  • The normal individual is encountering more continuous employment changes, and profession changes as well.
  • Technological propels undermine many jobs, and request that we investigate our ability sets and future prospects.

So instead of watching the oil cost, and pondering when the recuperation will begin (for us), we have to search internally, at things that we can control. Some of these things incorporate wellbeing, individual funds, preparing and proceeded with education. Fortunately, we can without much of a stretch discover the data that we require on the web. The conundrum is that these days we have less control of our professional stability, and more control of our lives when all is said in done.

A hefty portion of the more youthful oil and gas specialists are finding the need to take a gander at different businesses, not knowing when they may have the capacity to return. Continue reading

Drilling an oil well from surface drilling to completion – video training

This is one of excellent training video demonstrating the drilling process from start at surface casing to completing of the well in less than 7 minutes. This would be a good tool to teach people about drilling in our oil and gas industry. We also provide video transcription in order to help learners understand the content easily. If you love this content, please feel free to share with your friends.

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An Introduction to the Oil Industry for Kids – Free Download

It is quite difficult to find a book that explain about oil and gas industry to our children. There are many times that you are asked about oilfield by your kids and you could not find the good resource to explain them. Today we would like to share one of the best and simple oilfield books for kids. This book is “I need to know – An Introduction to the Oil Industry & OPEC“. An introduction to the Oil Industry and OPEC tells the story of oil. It tells how crude oil – or, using its more technical term, petroleum – was discovered, how it is explored and taken from the ground and made into other products.

The contents in this book are well written into simple language in order to explain about oilfield to young generations around the world. Not only is it good for children, it is also excellent to educate people who do not know much about oil and gas industry. The contents in this book are listed below; Continue reading

Water Phase Salinity of Oil Based Mud

Water phase salinity is a factor showing the activity level of salt in oil based mud. In order to control the water phase salinity, salt is added into the drilling fluid. The salt added into the system will be dissolved by water in the mud; therefore, the chloride content will increase.

By increasing the chloride concentration (adding salt), the activity level in the mud will decrease. Salt is added in order to create an activity level which is equal to or less than formation water. Therefore, the water phase in the mud will not move into formation and cause a clay swelling issue. Practically, calcium chloride (CaCl2) or sodium chloride (NaCl) is the chemical to be used.

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25 World’s Largest Public Oil & Gas Companies in 2016 – Interesting Information

The World’s Largest Public Oil & Gas Companies in 2016 by Forbes. This is so interesting to know that Russian companies are ranked as the first and the second biggest public oil and gas company in 2016.

Forbes’ List of the 25 Biggest Public Oil & Gas Companies

  1. Gazprom gazprom(GAZP, com) – Russia – 8.38 MMBoepd – EV $84.3 billion
  2. Rosneftrosneft (ROSN, com) – Russia – 5.07 MMBoepd – EV $72.5 billion
  3. ExxonMobil exxon( XOM, com) – USA – 4.10 MMBoepd – EV $390 billion
  4. PetroChina petrochina( PTR, com) – China – 4.07 MMBoepd – EV $303 billion
  5. BP bp(BP; com) – UK – 3.24 MMBoepd – EV $121 billion
  6. Royal Dutch Shell shell(RDS.A – com) – Netherlands – 2.95 MMBoepd – EV $216 billion
  7. Chevron chevron(CVX; com) – USA – 2.62 MMBoepd – EV $207 billion
  8. Petrobras petro-bras(PBR; com) – Brazil – 2.55 MMBoepd – EV $132 billion
  9. Lukoil luk-oil(LKOH; com) – Russia – 2.40 MMBoepd – EV $36.2 billion
  10. Total total(TOT; com) – France – 2.35 MMBoepd – EV $136 billion
  11. Statoil stat-oil(STO; com) – Norway – 1.81 MMBoepd – EV $63 billion
  12. Eni eni( E; com) – Italy – 1.69 MMBoepd – EV $74 billion
  13. ConocoPhillips conoco-philip(COP; com) – USA – 1.59 MMBoepd – EV $71.5 billion
  14. Surgutneftegas surgutneftegas(SGTZY; ru) – Russia – 1.49 MMBoepd – EV $8.5 billion
  15. CNOOC cnooc(CEO; com) – China – 1.36 MMBoepd – EV $397 billion
  16. China Petroleum & Chemical [Sinopec] sonopec(SNP; com) – China – 1.32 MMBoepd – EV $130 billion
  17. Oil and Natural Gas Corp.ongc (ONGC; com) – India – 1.07 MMBoepd – EV $23 billion
  18. Anadarko Petroleum adanako(ticker: APC; com) – USA – 840,000 Boepd – EV $43 billion
  19. Canadian Natural Resources canadian-natural-resources(CNQ; com) – Canada – 790,000 Boepd – EV $40 billion
  20. Devon Energy devon(DVN; com) – USA – 680,000 Boepd – EV $29 billion
  21. Ecopetrol ecopetrol(EC; com) – Colombia – 670,000 Boepd – EV $33 billion
  22. Occidental Petroleum oxy(OXY; com) – USA – 650,000 Boepd – EV $57 billion
  23. Suncor Energy suncor(SU; com) – Canada – 580,000 Boepd – EV $50 billion
  24. EOG Resources eog(EOG; com) – USA – 570,000 Boepd – EV $47 billion
  25. Repsol repsol( REP; com) – Spain – 560,000 Boepd – EV $33 billion

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