/r/oil

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Oil, gas, seismic science, engineering, and cool pictures of rigs. Everything you need to know about exploration, recoverable assets and pipelines.

Oil, gas, seismic science, engineering, and cool pictures of rigs. Everything you need to know about exploration, recoverable assets and pipelines.

This is the place to be when you want to know what's going on with the stuff that keeps the world turning and how it works.

Checkout /r/oilandgasworkers for more conversations


Lazy speculation posts are rule breaking offenses. Speculation is welcome in the comments of newsworthy posts or in the weekly general discussion and speculation post. Of course market changing news is worthy of it's own post but posts like "What do you think prices will look like in a month" is considered rule breaking.

No editorialized titles. Post title needs to match source title. Leave the comments for editorialization. Source must be included in post.

No non-market changing oil politics. Memes can be removed at mod's discretion.

Crude hydrocarbons only. No snake oil. No weed oil. No makeup oil. No cooking oil. No "relationship" oil. No car oil.

/r/oil

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3

Recently, our national oil and gas company has acquired the biggest oil operation in our nation from an international company after their contract with us has been dissolved. Is this mostly a good thing or is there something that we don't know about?

Most of our country's oil has been managed by a foreign company since 1963 (according to google) until 2021 when their contract has been dissolved and now the business has been taken over by our national oil and gas company. This is great for our country's income but i can't shake the feeling that we've been bamboozled as if an international company would've given up a big operation like that and wouldn't consider prolonging the contract, which lead me to believe that our country's oil is almost depleted and therefore there's nothing left for this international company to pump out in the future and thus we're left with scraps. Am I worrying too much and that our country has genuinely obtained really good deal or are we tricked in a long con?

5 Comments
2024/03/31
09:42 UTC

4

Dipping toes back into the patch

Graduated college and went into upstream O&G as a Land GIS Lease Analyst in 2012. Was great when oil was over $100bbl. 2015 saw the price drop to the $30-$40 range and was let go in the 3rd round of layoffs. Landed on my feet working in government then moved on to telecom for more money. Recently interviewed for a position with a midstream company and am looking at getting back into the patch.

My question, is midstream more or less stable than pure E&P upstream? Manger and other employe I interviewed with have been there since 2007-2008 which gives me hope for stability. Any insight from employees working in the O&G tech sector for a midstream company would be greatly appreciated.

8 Comments
2024/03/28
00:32 UTC

0 Comments
2024/03/27
13:00 UTC

2

Oil trading training?

Are there any books available or course to help learn crude oil /products trading.

1 Comment
2024/03/27
01:22 UTC

0

Career in oil trading

Hello everyone,

I am a student based in Singapore, currently studying chemistry. I would like to find out more about oil , gas and energy trading. What are some company that are hiring such role? What resources I can tap on to have a higher chance of getting such a job? What is it like to be an oil trader (salary, work life balance, bonuses)?

9 Comments
2024/03/23
12:13 UTC

7

Oil Demand in 2024

0 Comments
2024/03/23
07:41 UTC

0

Question regarding coal and air pollution

So we all agree I assume that coal use has downsides, like air pollution. I think we should still use it because the world doesn't have better alternatives and it's cheap (no, renewables are not perfect either).

However, I wonder: isn't the damage caused by air pollution from coal relative to where it occurs? So what I mean is, can the damage be minimized if you burn coal in lower density areas? If you burn coal next to a dense neighbourhood, then yes, the locals will suffer. But if you were to burn coal somewhere far away from the areas it serves, can the damage not be dealt with?

If you build large transmission lines, you can transport electricity from low density areas to metro areas. You can burn the coal there and transmit it to customers while they don't suffer from air pollution.

I'm not sure but I think one reason why countries like India and Mongolia suffer so much from air pollution is that they don't have capable electricity grids and they have to burn coal close to where it is used. Countries like Germany, Japan and Australia use lots of coal too but air pollution seems to be less of an issue there.

A similar issue exists with biomass, in Africa it is burned right where people live which is extremely unhealthy, but if you burn it far away it's much less harmful.

Thoughts? I'm not an expert on energy so I might have this completely wrong. I'm just a curious guy but I would like to hear your thoughts.

22 Comments
2024/03/20
10:27 UTC

5

OPEC Production Cuts Continue

2 Comments
2024/03/19
07:45 UTC

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