Newest strategies adopted by oil and natural gas companies

[CAUDLE31]

The global demands for petrochemicals have improved to a greater extend, after the financial recession, but it has still a long way to go, to reach the desired level. Leaders in oil industry, like Mohamed Al-Mady, CEO of Saudi Basic Industries Corp, say that most of the petrochemical companies are planning to boost their production to a considerable extent by expanding the foreign ventures and domestic oil plants, with the improvement of global economy.

Many of the oil and natural gas companies have reported an increase in profit, by the third quarter of 2009. The tax profit for oil and natural gas showed a decrease in the first few months, but gradually increased.

The key factors behind the growth of these oil and gas companies are the product prices and the effective utilization of the overall capacity. Despite of the uncertain economic environment, which prevailed during the financial recession, a few oil companies managed to survive and expand their production and operational activities.

The production capacities of many companies have increased considerably, and researches are still going on to bring out a variety of petrochemical products by the first quarter of 2010.

Many companies are also focusing on options for joined oil and gas research and investment ventures.

The companies also find it beneficial to have the support of a local producer, to sail smoothly in oil and gas market.

Most of the companies plan for solutions that can give long-term sustainable volumetric growth, as it is the only option to revive the world economy from the aftermaths of global financial recession.

Saudi Kayan Petrochemicals, a leading have requested the contractors to modify their bids for the manufacture of a low density polyethylene plant (LDPE) in Jubail.

Many plans like these have been under consideration, as companies focus on the long-term plans can give better solutions to oil and gas related issues.

[Smasher]

Hmm, interesting.. :crap:

[Papaumau]

While, like Smasher, I find this posting interesting, I am also very confused by it !

I mean by this that, as far as I see it, the OPEC group of oil companies, who's slogan is to be "a global organization dedicated to stability in and shared control of the petroleum markets" who in fact cut or increase production in order to manipulate the price that oil demands on the spot markets, are now finding that certain areas that used to be seen as too difficult to get at for oil and gas production are now starting to look like better opportunities for such exploration and production.

Sites that are now situated in deep water like the Scottish Western North Atlantic sea and off the coastline in the Gulf of Mexico are fast becoming the exploration and production sites that - with increased danger to both operators and coastlines - are now seen as greater possibilities, are proving to many cynics that these oil and gas companies are starting to panic about where they can continue to get their flowrates from, as many of their traditonal wells are drying up at a great rate in Texas and in Alaska.

Now that Russia, China, Middle Eastern and even some African states are showing large reserves of oil and gas and they have the control of these flowrates to the West, it is not surprising that the Americans - supported by the Brits - were willing to go to war in Iraq so as to get control of the very large reserves there.

The greedy and thirsty West are increasingly being held to ransom by the OPEC states because of our profligant need for petrochemical-based materials and fuels and as the years go by and no other materials have been discovered that will do the job as well, we are going to be at the behest of the generosity - or not - of the Eastern and Asian suppliers of these oil-based consumables.

All the rest is just a game that is played by the people that have against the people that have not...or against the people that will not have in the near years to come.