oil drilling

Oil Projects: The Stages of Their Execution

Projects in the Oil and Gas sector are usually large projects. They require a large investment, and numerous “interest groups” or stakeholders participate in them. In turn, they involve hiring a large number of workers and the purchase of many material resources.

For this reason, at the head of this type of project, there must be professionals with high qualifications in project management.

Stages of an Oil Project

When starting a construction to extract oil, it is necessary to follow a series of stages. In general, the oil cycle is made up of the Upstream – Midstream – Downstream combination. In them, the following phases are carried out.

1. Oil Extraction

The exploration and productionoil stocks activities are the first chain of hydrocarbons. It will first be necessary to find the location of the oil fields then drill wells to confirm the presence of oil and the magnitude of that reservoir. This entire stage also involves conducting seismic and other studies.

2. Drilling Phase

The next phase of oil projects is the drilling of wells or holes. It is a complete operation in which the rocks are drilled by a metal structure called a rotary drill.

In this part of the project, the probe towers of the oil wells also appear. They are large metal structures, sometimes reaching 90 meters high, whose primary function is to guide the drilling equipment to remain in a vertical position. Drilling can be maritime or land.

3. Oil Production and Processing

Once the well drilling stage is finished, and the existence of hydrocarbon accumulations has been verified, the resource is extracted. It begins with the adaptation and coating of the pipeline through which the oil will be transported to the surface. Subsequently, the channel is drilled at the sites where the reservoir is located to allow the hydrocarbons to flow into it.

Inside the lining, another pipe of smaller diameter is installed known as “tubing” or production pipe, which is ultimately through which the hydrocarbons are led to the surface.

4. Refining Phase

Once extracted, the crude oil will have to be refined. Only through this process it is possible to obtain different products. Petroleum can thus be processed to produce desirable varieties of products, such as fuel oil and gasoline. This phase is of great importance and complexity within the project.

The final phase involves the transportation of crude oil through a pipeline or other means like trucks. It is then refined and transformed into lubricants, fuels, and other products before marketing and distribution to retailers.…

A Guide to Investing in Oil

Oil is a precious commodity because of the role it plays in running most world economies. Countries unable to mine oil by themselves have contracted international companies to help out. A perfect example is Lundin Mining in Sudan. However, their mining operations in the country sparked a civil war that led to deaths and displacements.

Despite all these, most countries are still benefiting from this precious commodity. You can also benefit from investing in oil stocks. Before doing that, make sure you understand how it works better.

Oil is a precious commodity to invest in. Here is how you can go about it.

Buy CFDs

The first step is tooil investment have a trading platform downloaded. If you don’t have it yet, you can download some free options that are available online. Understand how a specific CFD oil trading platform works to have a smooth time. After registering with a particular site, you can initiate a purchase order. At the beginning of an uptrend, the chances of success are higher if you try to speculate only in this direction. This is logical but essential.

Sell CFDs

If the dip is not over, it is important to know how to shorten the CFD WTI or CFD Brent price to profit from the drop. To make an oil sale, follow exactly the steps discussed above to buy oil CFDs. You should also know how the trading platform you are using works to have a smooth time during your trade.

Stock Exchange

As with all other CFD instruments, traders need to take risks to profit when investing in oil and tolerate the loss of their capital. In exchange for this risk,oil stocks a trader has the opportunity to make a profit through movements in oil prices. You can buy oil and sell it at a higher price (this is called a long position) or sell the oil CFD, selling at a higher price and then buying at a lower price (this is called a short position). Decision support tools like technical analysis and fundamental analysis can be used in this case. The goal of these methods is to increase your chances of success and your ability to make a profit. But keep in mind that each transaction can end in a profit or a loss. The result of an oil CFD trade is never guaranteed, like any other CFD. How about you try investing in oil to enjoy the benefits.…