Thursday, 24 October 2013

Integrated Oil and Gas – How the Oil Flows

Increasing shale gas production and rise in the cost of extracting oil reserves are the key headwinds for the oil supermajors

The oil, gas and consumable fuels industry is the largest in the world in terms of market capitalization. It grew at an average rate of 7.23% and posted net revenues of nearly $4 trillion during the last fiscal year.

Integrated oil and gas is the largest sub-sector within the oil, gas and consumable fuels industry. This comprises companies involved in upstream and downstream activities, which include multinational oil firms that are engaged in every process of the oil and gas industry including exploration, extraction, refining, marketing and selling oil and gas. These companies are also called ‘Majors’. Read more

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