There are quite a number of companies that are involved in oil and gas industry that rake in profits in terms of billions of dollars per financial calendar. While some of the oil and gas service companies in Houston TX are integrated, some are not. However, all will do business based on their strategic placement in the industry. This means that they are either involved in production process, refinement, or exploration of these resources.
It is important to note that most of the integrated firms divide their specific line of business into several categories. These include; upstream or downstream activities, and based on their business objectives they can undertake all or part of the categories mentioned. In fact, it all depends on how long they have been operation in the market, capital base, as well as technological know-how.
The oil and gas integrated firms that are involved in upstream business always specialize in exploration and production of the end products. While those that are in the downstream business are known to deal with marketing of the products and refine process of the end product before it hits the market. Note that there are companies that do their business both upstream and downstream.
There is something that you will always note about most of the integrated players that operate in the oil and gas industry. Most of them are counter-intuitive are do do automatically react to the market forces. For example, when the prices of oil and gas products rise, this does not mean that their profit margins will increase. In many cases, the margin remains pretty the same.
These providers have challenges or difficulties they go through during their day to day activities and that is the reason why they are trying to automate most of the things they do, both offshore and onshore. Some of these challenges are in the areas of HSE, carrying out complex tasks, course performance, innovation, etc. In all the sittuations, technological advancement and its implementation is helping them a lot.
The technological advancement has made it possible for many of these firms to automate their activities. The automation is very visible in the area of data collection and analysis. This is the main reason why room for errors in dangerous areas and tasks are currently minimized leading to effective operation. As a result, overhead and its associated costs when running these operations, are reduced drastically.
Maintenance using automation has moved to different level and has improved the level of exploration drilling and production. At the moment, implementation of radio frequency in addition to using other related sensors has made tracking activities easier. This is the reason why it is possible for these firm to monitor activities anywhere with ease. They normally use simple techniques to keep equipments running without hiccups.
The top oil companies that do rake in profits in gas business around the globe include; Exxon Mobile, Royal Dutch Shell, BP, Saudi Aramco, and Chevron Corporation. The others that fall in this bracket of top businesses include; Total SA, Pemex, and Gaz Prom. These are only but a few, but there literally hundred of companies some of which are integrated and high performers in the industry.
It is important to note that most of the integrated firms divide their specific line of business into several categories. These include; upstream or downstream activities, and based on their business objectives they can undertake all or part of the categories mentioned. In fact, it all depends on how long they have been operation in the market, capital base, as well as technological know-how.
The oil and gas integrated firms that are involved in upstream business always specialize in exploration and production of the end products. While those that are in the downstream business are known to deal with marketing of the products and refine process of the end product before it hits the market. Note that there are companies that do their business both upstream and downstream.
There is something that you will always note about most of the integrated players that operate in the oil and gas industry. Most of them are counter-intuitive are do do automatically react to the market forces. For example, when the prices of oil and gas products rise, this does not mean that their profit margins will increase. In many cases, the margin remains pretty the same.
These providers have challenges or difficulties they go through during their day to day activities and that is the reason why they are trying to automate most of the things they do, both offshore and onshore. Some of these challenges are in the areas of HSE, carrying out complex tasks, course performance, innovation, etc. In all the sittuations, technological advancement and its implementation is helping them a lot.
The technological advancement has made it possible for many of these firms to automate their activities. The automation is very visible in the area of data collection and analysis. This is the main reason why room for errors in dangerous areas and tasks are currently minimized leading to effective operation. As a result, overhead and its associated costs when running these operations, are reduced drastically.
Maintenance using automation has moved to different level and has improved the level of exploration drilling and production. At the moment, implementation of radio frequency in addition to using other related sensors has made tracking activities easier. This is the reason why it is possible for these firm to monitor activities anywhere with ease. They normally use simple techniques to keep equipments running without hiccups.
The top oil companies that do rake in profits in gas business around the globe include; Exxon Mobile, Royal Dutch Shell, BP, Saudi Aramco, and Chevron Corporation. The others that fall in this bracket of top businesses include; Total SA, Pemex, and Gaz Prom. These are only but a few, but there literally hundred of companies some of which are integrated and high performers in the industry.
About the Author:
You can visit servicescompanyinc.com for more helpful information about Some Things You Ought To Know So Far As Oil And Gas Service Companies Are Concerned.
Aucun commentaire:
Enregistrer un commentaire