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It is important that almost all companies involved in the oil and gas industry bring in profits in terms of billion dollars every financial year. However, not all of these oil and gas service companies in Houston TX are integrated in one way or another. The only thing that is similar across board is that they are quite strategic when it comes to how they carry out their businesses. The integration of these firms will vary, but most are involved in exploration, refinement, and production of oil.
There are several categories that define what these integrated companies do and these include; downstream and upstream business ventures. Some are able to undertake both of the mentioned categories tremendously increasing their overall output and profits. It all comes back to the number of years they have been in operation, capital base, as well as the technology that they are using.
The providers that're always operate in the upstream sector are usually involved in exploration, drilling and production of the petroleum resources. This is a bit different from those who operate in the downstream sector. The downstream sector mostly involve those in the refinery, sale and marketing activities. It should not surprise you if you find a company not perform well when trying to perate in both the upstream and downstream sector because that involves a lot.
There is always one thing that you should know about most; if not all, of the integrated service providers that operate in this industry. Oftentimes, they are counter-intuitive meaning that they do not behave according to the demands of the market forces. In other words, they will not make enormous profits even when prices of the end products rise-variable factors put into consideration.
These providers have challenges or difficulties they go through during their day to day activities and that is the reason why they are trying to automate most of the things they do, both offshore and onshore. Some of these challenges are in the areas of HSE, carrying out complex tasks, course performance, innovation, etc. In all the sittuations, technological advancement and its implementation is helping them a lot.
The best thing is that most of the processes have been automated making it possible for the firms to be more effective. This is especially in matters that concern the data analysis, and evaluations of quality of products. This enables them increase productivity levels especially in high risk areas, and do error free work where complex calculations are needed. Above all, costs are reduced enabling these particular firms rake in more profits.
It is equally important to note that almost all the companies have embraces automated maintenance processes. In many cases, radio-frequency are used together with other versatile sensors to ensure that equipment is monitored. This always helps in the maintenance process as the equipment will not be easily damaged in any way.
Some of the service providers have their headquarters located in Europe, Unites States, Asia, and the The Middle East. The most notable include but not limited to; Royal Dutch Shell, Exxon Mobile, Pemex, and Saudi Aramco. The others that are equally have a large market share are; Total SA, Gaz Prom, and Exxon. However, there are literally hundreds of integrated companies that can be listed and are high performers in the oil and gas industry.
There are several categories that define what these integrated companies do and these include; downstream and upstream business ventures. Some are able to undertake both of the mentioned categories tremendously increasing their overall output and profits. It all comes back to the number of years they have been in operation, capital base, as well as the technology that they are using.
The providers that're always operate in the upstream sector are usually involved in exploration, drilling and production of the petroleum resources. This is a bit different from those who operate in the downstream sector. The downstream sector mostly involve those in the refinery, sale and marketing activities. It should not surprise you if you find a company not perform well when trying to perate in both the upstream and downstream sector because that involves a lot.
There is always one thing that you should know about most; if not all, of the integrated service providers that operate in this industry. Oftentimes, they are counter-intuitive meaning that they do not behave according to the demands of the market forces. In other words, they will not make enormous profits even when prices of the end products rise-variable factors put into consideration.
These providers have challenges or difficulties they go through during their day to day activities and that is the reason why they are trying to automate most of the things they do, both offshore and onshore. Some of these challenges are in the areas of HSE, carrying out complex tasks, course performance, innovation, etc. In all the sittuations, technological advancement and its implementation is helping them a lot.
The best thing is that most of the processes have been automated making it possible for the firms to be more effective. This is especially in matters that concern the data analysis, and evaluations of quality of products. This enables them increase productivity levels especially in high risk areas, and do error free work where complex calculations are needed. Above all, costs are reduced enabling these particular firms rake in more profits.
It is equally important to note that almost all the companies have embraces automated maintenance processes. In many cases, radio-frequency are used together with other versatile sensors to ensure that equipment is monitored. This always helps in the maintenance process as the equipment will not be easily damaged in any way.
Some of the service providers have their headquarters located in Europe, Unites States, Asia, and the The Middle East. The most notable include but not limited to; Royal Dutch Shell, Exxon Mobile, Pemex, and Saudi Aramco. The others that are equally have a large market share are; Total SA, Gaz Prom, and Exxon. However, there are literally hundreds of integrated companies that can be listed and are high performers in the oil and gas industry.
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