What is logistics in oil and gas industry?
Oil and Gas logistics refers to the transportation of drilling equipments, extracted crude oil and natural gas and transportation of refined products from one place to another. Petroleum logistics covers entire phases from upstream to downstream.
Types of Logistics
What is oil and gas supply chain?
What is the oil and gas supply chain? The oil and gas industry operates through a global supply chain that includes domestic and international transport, trading, shipping, ordering, and inventory visibility and control.
The four types of logistics are supply, distribution, production and reverse logistics.03-Mar-2019
Who are the suppliers in the oil and gas industry?
Many of them are well known, Exxon (U.S.), Chevron (U.S.), Saudi Aramco (Saudi Arabia), Gazprom (Russia), China National Petroleum Corporation (China), Equinor (formerly Statoil of Norway), TOTAL (France), and ENI (Italy).19-Aug-2022
The O&G value chain represents the sequence of activities that occur from the supply sources to trading mechanisms, by which oil, oil products, and gas, are sold in the wholesale markets.01-Nov-2018
What is 2PL 3PL and 4PL?
1PL - First-Party Logistics. 2PL - Second-Party Logistics. 3PL - Third-Party Logistics. 4PL - Fourth-Party Logistics. 5PL - Fifth-Party Logistics.
Terms in this set (12)
What are the 7 supply chain functions?
While supply chain is a very broad career field, it has 7 primary functional areas: Purchasing, Manufacturing, Inventory Management, Demand Planning, Warehousing, Transportation, and Customer Service.
(SCM – Standard Cubic Meter) · Slab III rates vary month on month.19-Jul-2016
How does gas supply chain work?
The gasoline supply chain has five main parts: producing or importing crude oil; importing gasoline; refining the crude oil into gasoline; blending gasoline with ethanol at distribution terminals; and selling the gasoline at retail stations.01-Feb-2013
Supply chain challenges identified in the white paper included health, safety, security and environment management; complex operations with multiple stakeholders, lots of drilling and abundant materials; fragmented supply chains that invite disconnects, delays and unclear accountability; frequent plan changes that 05-Nov-2014
What is a logistics cycle?
The logistics cycle should be viewed as a complete list of activities from procurement of goods or materials to their final delivery to customers. The following main activities form a logistics cycle: Procurement. Transport and delivery. Warehousing – receipt and storage.20-Dec-2021
The logistics strategy comprises three objectives (i) cost reduction, (ii) capital reduction, and (iii) service improvement. The cost reduction strategy is aimed at reducing the variable cost related to the movement and storage of goods.
What are the five major components of logistics?
The five elements of logistics
In the maritime industry, a group of six companies that control the chartering of the majority of oil tankers worldwide are together referred to as "Oil Majors". These are: Shell, BP, ExxonMobil, Chevron, TotalEnergies and ConocoPhillips.
What are the three sectors of oil and gas industry?
The industry is often divided into three segments: upstream, the business of oil and gas exploration and production; midstream, transportation and storage; and. downstream, which includes refining and marketing.19-Aug-2022
The three biggest oil companies in the US are ExxonMobil, Chevron, and Marathon Petroleum Corp., by revenue.12-Jul-2022
What is the purpose of oil pipelines?
Pipelines deliver energy from where it's produced to where it is turned into useful fuels and products and on to our local communities. Energy products delivered by pipeline include crude oil, refined products such as gasoline and diesel, and natural gas liquids such as ethane and propane.
Upstream refers to the material inputs needed for production, while downstream is the opposite end, where products get produced and distributed.
What is oil and gas composed of?
Both oil and natural gas are made up primarily of hydrocarbon (H), which is a chemical compound consisting entirely of carbon (C) and hydrogen (H). They can be classified further into a variety of types depending on the structure of molecules and how they are bound.
What is logistics in oil and gas industry?