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.
You should always know one thing about the firms involved in this lucrative industry if not all. That thing is that they are usually counter-intuitive. This means that their behaviour is not usually tied to the market forces. It can also be said that, it is possible for them not to make a lot of profits even at the time prices of end products are up, due to some factors put in place.
This industry is quite volatile and competitive; and so are there many problems that these businesses face. The most prevalent that they come across include; health and safety issues, innovation, performance of complex tasks and, environmental matters. Importantly, is the performance of the companies and the equipments they use in the process of manufacturing oil and gas products.
The advancement of technology has enabled most of these companies automate most of the tasks especially those directly related to data and analytics. In this way, they are able to perform effectively in areas that are dangerous and tasks that are prone to errors. Above all, drastically reduce overhead costs that are associated with running this kind of businesses.
The automation maintenance processes has moved to new heights improving the level of level production and exploration. Presently, the use of radio frequency and other sensors that fall in the same range has improved tracking activities. This means that these companies can now be able to monitor equipment than never before. Note that is is only but one technique that they use in maintenance, and to keep equipment up and running for better performance.
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.
You should always know one thing about the firms involved in this lucrative industry if not all. That thing is that they are usually counter-intuitive. This means that their behaviour is not usually tied to the market forces. It can also be said that, it is possible for them not to make a lot of profits even at the time prices of end products are up, due to some factors put in place.
This industry is quite volatile and competitive; and so are there many problems that these businesses face. The most prevalent that they come across include; health and safety issues, innovation, performance of complex tasks and, environmental matters. Importantly, is the performance of the companies and the equipments they use in the process of manufacturing oil and gas products.
The advancement of technology has enabled most of these companies automate most of the tasks especially those directly related to data and analytics. In this way, they are able to perform effectively in areas that are dangerous and tasks that are prone to errors. Above all, drastically reduce overhead costs that are associated with running this kind of businesses.
The automation maintenance processes has moved to new heights improving the level of level production and exploration. Presently, the use of radio frequency and other sensors that fall in the same range has improved tracking activities. This means that these companies can now be able to monitor equipment than never before. Note that is is only but one technique that they use in maintenance, and to keep equipment up and running for better performance.
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.
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