The oil and gas industry is one of the biggest industries in India and in the world. Up and down of the oil rates can directly impact the lives of common people and also the National GDP in a country like India. We have seen that in recent years.

The oil and gas industry that deals with sections and sectors from finding crude oil to the end sales of products and oils.

Crude oil – an intro
Crude oil is made up of hydrocarbon molecules formed million years ago found beneath the earth crust. And it is nonrenewable. We cannot be recreated. Hydrocarbons are highly flammable and that property of the crude widely in many industries. 6/7 persons in the world are using any byproduct of crude oil globally. From that, we can understand how big is this industry.

Crude oil is a highly flammable substance and is globally recognized in mid 19th century. But also, in some historical notes, it is early used in China in the 5th century.

It is an essential commodity in so many products that we used the day in daily life. For example, petroleum products are used from car tires to deodorants and lipsticks.

Introduction to the Oilfield Equipment Rental Company industry
One of the biggest industries in the world in terms of dollar value and it is one of the biggest factors that capable to change the GDP value of a country like India. And the industry generating about 3.3 trillion dollars annually. Creating so many job opportunities each year.

As per the reports of 2019 , America is the largest producer in the world. And producing, drilling out 19.5 million barrels per day. After them Saudi Arabia with 11.8M barrels, then Russia 11.5M barrels. The 3 of them combined to produce 42% of the world’s total share.

One barrel is equal to 159 litres or 42 US gallons. [America -3100 M Liters]

By the reports in the wiki , America is the largest consumer of crude oil, consuming about much as they produce, 19.4 million barrels a day. After that China 14 million and India 5.2 M barrel per day

For an introduction, the oil and gas industry can be divided into 3 sectors

Upstream
Mid-stream
Downstream
Upstream
The sector is all about finding, drilling and bringing up the crude oil and natural gas from beneath the earth’s crust. This can be from onshore as well as offshore.

The activities done upstream are

Exploration: is the process of finding crude oil and natural gas deposits under the earth’s crust with the help of many modern technologies.

Drilling: drilling process is different on-shore and offshore drilling. This part is very expensive in the oil and gas sector. The founded crude oil and natural gas is bringing up by drilling wells from the earth’s crust into many thousand feet and bring up them to the ground

Companies

Examples of upstream companies in India are

Oil and natural gas corporation
Indian oil corporation limited
Gujarat state petroleum corporation
Reliance industries
Essar oil
Cairn India
Midstream
The midstream department is dealing with the transportation, storage and processing of oil and gas. The un-refined oil and gas are transferred from the rigs to the refineries. the refineries are usually situated in completely different geographical areas through different platforms that can include pipelines ships trains trucks. Also, the midstream treats the products, removes the water and other wastes in it

Examples of mid-stream companies in India are

Indian Oil Corporation
Hindustan Petroleum Corporation Limited
PetroNet LNG Limited
Adani Enterprises Ltd
Gail Limited
Downstream
The area where the crude oil is converted into different usable industrial, commercial and residential products such as gasoline, diesel, lubricants, kerosene, jet fuel, asphalt, heating oil, LPG (liquefied petroleum gas) as well as a number of other types of petrochemicals. All this is done in refineries.

Examples of downstream companies in India are

Indian oil corporation limited
Bharath petroleum corporation limited
Hindustan petroleum corporation limited
Reliance industries limited
Nayara energy limited
Career pathways in the oil and gas industry
The oil and gas industry offers a wide range of opportunities both onshore and offshore. That includes both technical and non-technical jobs. And it can vary from a comfortable ‘cushy’ level job to an extreme weather condition job.