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Topic: Upstream (oil industry)

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	Petroleum industry - Wikipedia, the free encyclopedia
		The oil industry is a type of industry which brings petroleum to a financial market.
		Whale oil however, produced a fl, smelly, thick liquid known as tar or rock oil and was seen as a substance to avoid.
		When the whaling industry hunted the sperm whale almost to extinction and the Industrial Revolution needed a fuel to run generators and engines, a new source of energy was needed.
	en.wikipedia.org /wiki/Oil_industry (568 words)

	Current Liberalisation Status - Upstream Oil and Gas
		Upstream oil is not a significant industry in Germany; oil is produced in small quantities and the country has no significant proven oil reserves.
		The upstream oil and gas sector is controlled by the State, although the privatisation of a number of significant enterprises in the oil and gas sector has taken place since 1996.
		Oil and gas reserves were discovered in the second half of the 19th century in the Carpathian Mountains and the first oil pipeline in Ukraine were built in 1912 from Boryslav to Drohobych.
	www.worldenergy.org /wec-geis/publications/reports/current_cls/ClsGAS.asp (16597 words)

	An MBendi Profile: An MBendi Industry (Sector) Profile for Nigeria: Oil and Gas including economic overview and ...
		The upstream oil industry is Nigeria’s lifeblood and yet it is also central to the ongoing civil unrest in the country, which gained worldwide publicity with the trial and execution of Ken Saro Wiwa, and eight other political activists in 1995.
		Until 1960, government participation in the oil industry was limited to the regulation and administration of fiscal policies.
		Oil is produced from five of Nigeria’s seven sedimentary basins: the Niger Delta, Anambra, Benue Trough, Chad, and Benin.
	www.mbendi.co.za /indy/oilg/af/ng/p0005.htm (1376 words)

	The Iraqi Oil Industry: A Look Ahead
		Oil exports were one of the few cards left in the regime's hands during sanctions, and they were used to extract as many favors as possible from those purchasing the oil or exporting goods to Iraq.
		Among the ideas floated was the proposition that Iraqi oil revenue would be more than enough to pay for the reconstruction of the country immediately after the war, ignoring both the devastated state of the economy after 25 years of wars and sanctions and the approximately $200bn owed in debt and compensation.
		Oil policy today is firmly in the hands of the Supreme Council for Oil Policy, which was established last July, and which is headed by the Prime Minister and the Deputy Prime Minister.
	www.mees.com /postedarticles/oped/a47n48d01.htm (4034 words)

	The Industry Handbook - The Oil and Energy Industry
		The drilling industry has always been classified as 'highly skilled.' The people with the skills and expertise to operate drilling equipment are in high demand, which means that for an oil company to have these people on staff all the time can cost a lot.
		The best time to invest in an oil company is when the economy is firing on all cylinders and oil companies are making so much money that using excessive amounts of energy themselves has little effect on their bottom line.
		Oil is a commodity and so one company's oil or oil drilling services are not that much different from another's.
	www.investopedia.com /features/industryhandbook/oil_services.asp (2417 words)

	Alexander's Gas & Oil Connections - The future challenges and prospects of the Iraqi oil industry
		Oil was first found in Iraq in the north in 1927 and started to be exported through a pipeline to Lebanon in 1934.
		Before the nationalization of the oil industry in 1972, Iraq’s oil was under the control of international oil companies (IOCs) from the US, UK and France which were represented by the Iraq Petroleum Company (IPC).
		It was responsible for building the infrastructure of the industry including exploration, drilling, development, the construction of pipelines, depots, terminals, operating a fleet of tankers and the construction of gas filling and petrol stations.
	www.gasandoil.com /goc/news/ntm52937.htm (2164 words)

	The Future Challenges And Prospects Of The Iraqi Oil Industry (Site not responding. Last check: 2007-10-10)
		Oil revenues from oil exports: during the period April 2003 to April 2005 Iraq’s oil revenues were in the order of $31bn.
		As for the upstream operations, according to a statement by the present minister of oil, Iraq is planning to increase oil production capacity to reach 5-6mn b/d by the end of this decade.
		However some Iraqis argue that due to the importance of the oil sector to the economy it should be kept under the control of the government and financed from Iraqi sources.
	www.mees.com /postedarticles/oped/v48n27-5OD01.htm (1790 words)

	Alexander's Gas & Oil Connections - Russian oil industry's upstream volume growth to continue
		"OPEC's headache is born of the fact that after (the rouble's) devaluation (during the 1998 Russian economic crisis), Russian oil industry economics have improved considerably, placing Russia firmly at the bottom of the non-OPEC cost curve.
		Russia is the largest non-OPEC crude reserve holder and the report goes on to say that it considers the current Western estimate for Russia's proved oil reserves of 49 bn barrels to be "much too conservative" and suggests that existing proved reserves are closer to 60-70 bn barrels.
		The report also looks at taxation of the Russian oil industry, which it says has changed for the better, with new laws due to take effect in January of 2002.
	www.gasandoil.com /goc/news/ntr15145.htm (782 words)

	Oil Industry (Site not responding. Last check: 2007-10-10)
		The oil industry consists of all of the businesses that either produce, refine, or market petroleum to the world.
		The oil industry is considered to be the source of every other industry because it provides almost half of the energy supply in the United States.
		Upstream producers are those companies that locate petroleum and are in charge of its production, and downstream transporters are those companies that are concerned with the refining, transporting, and retail operations.
	web.bentley.edu /students/l/lawson_eliz (277 words)

	OilOnline - The Original Online Source for the Oil Industry
		Had the reporter understood either the workings of the upstream oil industry or the goal of the report, he would never have entertained such a suspicion.
		That is because while individual oil men living in Nova Scotia no doubt do want their efforts to result in a better life for their fellow citizens, in purely business terms operators are exploring offshore Eastern Canada for natural gas, not goodwill.
		More disturbing than the ignorance of the general press, however, is that of oil industry trade journalists who as a result of inexperience find themselves at the mercy of operator and service company spin doctors.
	www.oilonline.com /news/features/oe/20020815.and_anot.9424.asp (1077 words)

	Pipeline :: Serving the energy industry across the Middle East
		The Oil and Gas Upstream Option for HYSYS provides companies with the ability to create accurate, integrated, asset models, improving decision-making and performance throughout the asset lifecycle.
		This is key to the accurate simulation of upstream systems, since an accurate compositional analysis in the reservoir or at the wellhead is rare.
		Additional Oil and Gas Upstream technology, using HYSYS as a modeling engine, will be delivered in early 2004 with the release of Aspen AssetBuilderTM, featuring new capabilities to support the visualisation, modeling, optimisation, planning, data handling and real-time data connectivity of the complete upstream asset.
	www.pipelinedubai.com /press/pr_1008.htm (745 words)

	An MBendi Profile: Africa: Oil and Gas - Overview
		The upstream oil industry is key to the continent of Africa, with proved reserves of 75.4 billion barrels (7% of the world's total) and in 1998 it produced 7.8 million barrels per day (381 million tons/year) of over 40 types of crude oil.
		The downstream oil industry comprises 44 refineries in 25 countries with a total distillation capacity of 3,000 thousand barrels per day which represents 4% of the world total.
		In recent years, there have been several conferences devoted to the African oil industry in both the upstream and downstream sectors.
	www.mbendi.co.za /afoi.htm (414 words)

	Oil & Gas Marketwatch
		There is no doubt that the oil/energy industry is extremely large.
		These are the companies that physically drill and pump the oil out of the ground.
		These are the companies that assist the drilling companies in setting up oil and gas wells.
	www.webmonopoly.net /wm_websites/oil_marketwatch/industry_overview.htm (1105 words)

	Oil & Gas Journal Exchange (Site not responding. Last check: 2007-10-10)
		Madison Energy Advisors, acquired by Oil & Gas Journal Exchange in October of 2000, is the energy industry's fastest growing upstream transaction advisory firm with a compounded annual growth rate of more than 40% since its inception.
		The site is the leading centralized e-marketplace for industry professionals to conduct the online purchase and sale of oil and gas producing properties, exploration prospects as well as used and surplus petroleum equipment.
		Oil & Gas Journal Equipment Exchange links buyers and sellers of surplus and used oil and gas industry and power generation industry equipment on a global scale.
	ogje.pennnet.com /news/news_display.cfm?Section=PR&ArticleID=96174 (803 words)

	Major changes litter the upstream landscape - petroleum industry World Oil - Find Articles
		The new year is barely a few days old, and already it looks like the E&P industry is in for one hell of a ride during 1999.
		To put the reserve figures in perspective, the crude number is larger than all U.S. oil reserves, and the gas number is roughly two-thirds the size of U.S. gas reserves.
		Let us not forget the thousands of oil professionals that will be affected in one way or another.
	www.findarticles.com /p/articles/mi_m3159/is_1_220/ai_53889395 (359 words)

	Oil Daily
		Oil Daily is unique in providing quick, complete and insightful coverage of the latest developments in the oil business.
		Focusing on the North and Latin America oil and gas industries, Oil Daily also gives its readers global coverage of worldwide upstream and downstream developments, market trends, business deals, and regulatory and legislative changes that are altering the landscape of the petroleum industry.
		Gasoline demand was reported to be healthy, there were draws in crude and gasoline, the closure of the Calcasieu Shipping Channel in Louisiana and refinery glitches tightened supply, the Federal Reserve hinted it might be done raising interest rates, and a new report showed US GDP grew by 5.6% in the first quarter.
	www.energyintel.com /PublicationHomePage.asp?publication_id=5 (363 words)

	Oil & Gas Industry \| United States - Deloitte & Touche USA LLP
		With more than 2,500 oil and gas professionals worldwide, our Oil & Gas practice is focused on providing audit and enterprise risk services, tax services, consulting services and financial advisory services to companies in all segments of the oil and gas industry.
		With the U.S. upstream oil and gas industry eduring an astounding 1.1 million jobs over the past few decades, attracting and engaging new talent is a critical issue.
		Significant trends and industry opportunities were discussed at the Deloitte 2005 Oil & Gas Conference, attended by nearly 400 people from 14 countries.
	www.deloitte.com /dtt/section_node/0,1042,sid=2307,00.html (305 words)

	Slick operators: Japan's upstream industry gets a crude awakening: from refining the world's most volatile commodity to ...
		Slick operators: Japan's upstream industry gets a crude awakening: from refining the world's most volatile commodity to refining the way it does business, Japan's upstream industry faces tough times in a deregulated world.
		Its upstream industry has always hd to concentrate on research and development in some of the most sensitive spots around the world.
		At least METI's upstream business strategy is growing a little clearer: It has been putting an emphasis on gaining more so-called "self development oil fields"--oil fields in which Japanese oil companies are directly involved in the development work from the earliest stages of the business.
	www.allbusiness.com /periodicals/article/699435-1.html (853 words)

	Carte Blanche
		At issue remain the equitable sharing of the country’s multi-billion annual oil revenues amongst its population (who, in some areas, rank amongst the poorest in the world) and the environmental responsibilities of the oil multinationals.
		Nigeria contains estimated proven oil reserves of 22.5 billion barrels and produces 90 million tons per year (2 million bpd) of crude oil.
		Nigeria`s downstream oil industry is also a key sector including four refineries with a nameplate capacity of 445 000 bbl/d.
	www.carteblanche.co.za /display/display.asp?id=1280 (805 words)

	Kudoz Consulting>>Home Page. Serving the upstream oil and gas industry (Site not responding. Last check: 2007-10-10)
		Kudoz Consulting uniquely provides encompassing services which thoroughly integrate all the activities in the pre-Final Investment Decision (pre-FID) stage of upstream oil and gas field developments.
		The pre-FID stage of oil and gas developments is where there is maximum potential to create value for the stakeholders.
		Drawing on the knowledge and skills acquired over more than 30 years of working in the industry, Kudoz possesses the expertise to develop and turn technical solutions into sound business for clients.
	www.kudozconsulting.com (120 words)

	AspenTech - aspenONE for Oil & Gas
		HYSYS Upstream Option provides industry standard methods and techniques for handling petroleum fluids and brings together the disciplines of petroleum and process engineering.
		Thus a limited set of data, including pressure, temperature, oil specific gravity, gas specific gravity, production GOR and water cut is all that is required to model the behavior of the oil.
		HYSYS Upstream uniquely translates from floil to a compositional model, on the fly, using the gas composition and established HYSYS oil characterization methods to predict a set of hypothetical components that back-match the petroleum fluid characteristics.
	www.aspentech.com /industry_solutions/oilgas/product.cfm?IndustryID=23&ProductID=327 (1193 words)

	Oil & Gas Financial Journal - Shortages compel Asian upstream sector to focus on risk management (Site not responding. Last check: 2007-10-10)
		Oil and gas companies in the Asia Pacific region are streamlining business processes and emphasizing asset management to improve the bottom line.
		Although the price per barrel has increased dramatically in recent months, the industry remembers the downtimes in the ‘90s and is wary of the current high prices.
		The main problem with risk management in the industry is the lack of tool usage to help in the automation of the risk processes being used.
	www.ogfj.com /Articles/Article_Display.cfm?Article_ID=249714 (479 words)

	Oil & Gas Industry Valves
		Today, our extensive range of gate, globe, check, ball and butterfly valves are installed in a broad range of the oil and gas industry's toughest applications, from complete valve packages for lng terminals and carriers, to four way switch ball valves for delayed coker units.
		Velan holds all major industry approvals, and is the brand of choice for many of the world's major oil companies.
		In fact, our valves are installed in almost 90% of North America's oil refineries, and our installation base in all areas of the global oil and gas industry—from production to distribution to refining to petrochemicals —continues to grow.
	www.velan.com /solutions/oilandgas.htm (252 words)

	RIGZONE - Your Gateway to the Oil & Gas Industry
		Monday, July 03, 2006 - The history of international crude oil market over the past 50 years abound with evidence that the current high oil prices won't persist over the long run and will moderate, Iran's OPEC governor was quoted as saying Sunday.
		Monday, July 03, 2006 - Bolivian President Evo Morales on Saturday ushered in a new era for the country's natural gas industry, presiding over a ceremony in which the state-run YPFB energy firm was made the nation's exclusive wholesale fuel distributor.
		Monday, July 03, 2006 - Canadian oil pipelines could face capacity constraints by 2008 because of a surge in heavy crude oil from the Alberta oilsands, the National Energy Board says.
	www.rigzone.com (663 words)

	Upstream-Downstream Specialization by Integrated Firms in a Partially Integrated Industry
		We propose a simple model of a partially integrated industry which explicitely takes into account persistant production cost differences across upstream firms, such as one might observe in natural resource industries.
		The model allows us to highlight the respective roles of strategic considerations and of cost considerations in the determination of an integrated firm'interaction with the non-integrated sector of the industry and, in the end, on its relative upstream- downstream specialization.
		Stylized facts from the oil industry are used to illustrate the type of behaviour one might expect in this context.
	ideas.repec.org /p/fth/lavape/9604.html (637 words)

	OilOnline - The Original Online Source for the Oil Industry
		Halliburton Energy Services, covers the latest-breaking industry news affecting the upstream oil and gas industry.
		The latest industry news, updated daily, with in-depth information on key events that affect the upstream oil and gas industry.
		Tech Briefs accommodates companies in their quest to provide information to the industry about their technological achievements.
	www.oilonline.com /news (132 words)

	Quorum Launches Next Generation Upstream Oil & Gas Software Suite (Site not responding. Last check: 2007-10-10)
		The Quorum Upstream Software Suite incorporates process and data management features that address the new wave of accounting and control issues that have impacted the E&P industry over recent years.
		The extent of automation and workflow throughout the suite enables oil & gas companies to more efficiently manage growth without comparable increases in operational and administrative costs.
		Quorum Business Solutions, Inc. is a product-centered consulting company that develops, implements, and supports a suite of business software solutions for the energy industry with a unique approach to providing a longer product life span.
	www.emediawire.com /releases/2005/10/emw293637.htm (668 words)

	Oil & Gas Journal Online: Oil and Gas Industry & Petroleum News Covering Oil Drilling; Oil Exploration; Oil Production (Site not responding. Last check: 2007-10-10)
		Each week the Oil & Gas Journal delivers the latest international Oil and Gas news; analysis of issues and events; practical technology for design, operation and maintenance; and important statistics on international markets and activity.
		Kinder Morgan to build oil storage in Edmonton
		In a free society, speech rights are a given.
	www.ogj.com /index.cfm (281 words)

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