During the week of May 20th, Baker Hughes Valves industry leaders from across the globe gathered together in Houston, TX to discuss global strategies and project pursuit to grow our business through each of our strategic industries. Experts presented Refining, Petrochemical, Power Generation, FPSO, LNG, Mining and Energy Transition segments in detail, covering new industry trends, emerging technology, and pipelines of new product developments. Thanks to all our industry leaders, Baker Hughes continues to grow in our core markets year after year, prioritizing key resources and investments to stay ahead of the market evolutions and transitions. Serving our customers' most challenging needs in traditional and new industries remains the central tenet of how we show up every day to demonstrate our values: #GROW #COLLABORATE #LEAD #CARE #wearebakerhughes #ProcessControlled
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The oil and gas industry is broken down into: Upstream sector: exploration and production. Downstream sector: refining, distribution and marketing. Services: exploration support and drilling services, production support services, banking, catering and other support services to Upstream and downstream. Activities in the Upstream Sector 1. Mineral rights acquisition 2. Exploration and drilling 3. Development activities 4. Production activities
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In the oil and gas industry, the petroleum value chain is divided into three key stages: upstream, midstream, and downstream. Upstream involves exploration, drilling, and extraction of crude oil and natural gas. Activities include seismic testing, drilling wells, and oil and gas production. Midstream focuses on transporting and storing crude oil and natural gas. This stage includes pipeline transportation, storage facilities, and initial processing like dehydration and separation. Downstream covers refining crude oil into various products and distributing them to end-users. It involves refining, petrochemical production, fuel blending, and retail sales at gas stations. Each stage is crucial and interconnected, ensuring efficient extraction, processing, and delivery of petroleum products to consumers. . . . #OilAndGasIndustry #PetroleumValueChain #Petroleum #Midstream #Exploration #Petrochemicals #OswalInfrastructure
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The oil and gas industry is divided into 3 sectors. Namely, upstream, midstream and downstream sectors. 1) Upstream - This involves geological surveys, exploration for the oil and producing it. 2) Midstream - This involves moving the petroleum from its place of discovery (the wellhead) to where it's going to be refined. 3) Downstream - Refining and treating of the crude oil into a multitude of products.
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Check out this week's Global Industries Report where we discuss consolidation between the oil & gas sector and the competition between Shell and Saudi Aramco Total Refining and Petrochemical Company (SATORP). Analysts: Joshua Park and Dhruv Shivraj
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Chevron 🪫 ExxonMobil 3rd Quarter Results come up shy of already high expectations........#movements Recent Billion Dollar M/A's: #chevron - Acquired Hess Corporation #exxonmobil - Acquired Pioneer Natural Resources Company #oil #oilandgas #permianbasin #shale #usa #oilexploration #production #barrels #developers #oilgasindustry #oilexploration #oilgas #market #marketinganalytics #oilprices #oilprice #merger #acquisition #mergersandacquisitions #stockmarket #global #gmhinc (Credit to EnergyNow.ca, for full report below)
LOWER THAN EXPECTED RESULTS Exxon, Chevron Profits Disappoint on Weak Refining, Chemical Results https://hubs.la/Q0270zht0 The results come as both companies pursue historic deals expected to vastly expand their oil-production potentials. Exxon’s $60 billion agreement to acquire shale giant Pioneer Natural Resources Co. and Chevron’s $53 billion offer for Hess Corp. highlight their determination to stay ahead of European supermajors and American independents by locking up control of vast resources than can underpin crude output for decades to come. #oilgas #oilandgascompanies #energy #energynow #energynews #mergersandacquisitions
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Explore top undervalued Oil & Gas - Exploration and Production stocks for March 11. Learn their value grades and industry insights. #investing READ: https://ow.ly/WllO50QQHnV
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ID#20190825 - Oil and gas production is a complex process that involves several stages, from exploration and drilling to refining and distribution. The following is a general overview of the oil and gas production flow: Exploration, Drilling, Production, Transport, Refining, Distribution. This is a general overview of the oil and gas production flow. The specific details of the process may vary, depending on the location and type of resources being extracted. Nevertheless, the overall goal of the process is to extract, refine, and distribute oil and gas products to meet the energy needs of society. #oilandgas #focusonsuccess #WhiteboardIdeas
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Owner, PT. Lima Menara Emas
3moGreat news!