Category: Oil and Gas Industry

Oil Refinery Industry


Oil Refinery Industry holds immense importance for all the oil producing countries. If we focus on the global trend of this Oil Refinery Industry then we will see that this industry has experienced a lot of ups and downs over the decades.

In the period from 1970s to 1990s considerable amount of investment was made in the Oil Refinery Industry. But because of the oil shocks of 1973-74 and 1979-80 and because of the Asian Financial Crisis, the market demand was quite low. This resulted in surplus refining capacity of global Oil Refinery Industry.

Canada Oil and Gas Industry


Nexen, a major independent company of Canada oil and gas industry declared on 22nd January 2009 that its oil sands project at Long Lake has started to produce synthetic crude oil. This project is worth $5 billion.

In a recent development for oil and gas industry in Canada, Mackenzie valley gas pipeline project has met with approval from federal government of China. Developers of this pipeline had submitted this project in December 2007 but till January 2009 Canadian government had been silent on this issue. This project is worth $13 billion.

Oil Exploration


Oil exploration involves geological studies and technical examinations to detect the presence of crude oil. The exploration and extraction of oil is an expensive and high-risk operation and the industry comprises mainly of big corporations.

Iraq Oil and Gas Industry


As per latest reports on Iraq oil and gas industry Videsh Limited, which is international investment division of Oil and Natural Gas Corporation, biggest oil producer of India, would be placing bids for certain exploration blocks that have been put up for auction by Iraq.

There would be a couple of rounds of bidding. Second round had been opened by Iraq oil and gas industry on 31st December, 2008. In this particular bid 11 oil and gas exploration blocks would be auctioned.

Oil & Gas Facts


Oil and Gas in the World Economy

Oil and gas are critical to the global economy and governments and individuals are increasingly turning their attention to their production and consumption.

Azerbaijan Oil and Gas Industry


In 2009 two important events are coming up for Azerbaijan oil and gas industry. 16th International Caspian Oil and Gas Exhibition of oil and gas industry in Azerbaijan would be held from 2nd to 5th June 2009. This exhibition is on issues like petrochemicals and refining.

Oil and gas industry of Azerbaijan is also hosting 16th International Caspian Oil and Gas Conference from 3rd to 4th June 2009 at Hyatt Regency Conference Center. Oil and gas industry at Azerbaijan has played a major role in context of energy security in Caspian Sea region and Europe.