Oil & Gas Industry

The Oil & Gas Industry comprises of the process of exploration, extraction, refining, transporting and marketing petroleum products. The industry is divided into three major components: upstream activities, midstream and downstream operations. From a business perspective, oil and gas represent global commerce on a massive scale. World energy markets are continually expanding, and companies spend billions of dollars annually to maintain and increase their oil and gas production.

Most of the world’s oil and gas reserves are in the Middle East, Africa and Latin America. Large quantities of oil and gas are exported from these oil-producing countries and flow daily to importing regions such as North America, Europe and the Far East. However, growing demand for petroleum and its products creates political, trade, economic and even national security concerns. The main objective of Oil & Gas producers is to maximise their revenues and improve their trade balances while maintaining control and sovereignty over their natural resources. At the same time, importers want to minimise trade deficits and ensure a steady, reliable oil supply.

There is a continuous concern for safety in Oil & Gas operations. Governments try to monitor the impact that new projects have on surface environments, the possibility of oil spills and the effect of pollutants such as CO2 on global climate change and air quality. Typically, an oil and gas company is covered by a range of regulations that limit where, when and how extraction is done. As the policies surrounding petroleum extraction and refining are constantly changing, the Oil & Gas Industry  is far more likely to face difficulties with risks involving the ever expanding role of the government than any other sector.

Beyond the geological risk, i.e. the difficulty of extraction and the possibility that the accessible reserves in a deposit will be smaller than estimated, the price of oil and gas is the primary factor in deciding whether a reserve/project is economically feasible. The more onerous the regulation and the more difficult the drill, the higher the operational costs and the more expensive a project becomes. All these costs make Oil & Gas a very capital-intensive industry with an ever growing need for qualified workers who are not easy to retain. Furthermore, the market climate is changing, companies have to move to unfamiliar environments, operational trends change and challenges arise.

BIS GROUP delivers the highest quality conferences tailored to meet the demands of the Oil & Gas Industry. Our Oil & Gas conferences respond to the constant regulatory, market, and technological changes that are common to the sector, as well as to the industry players' most pressing needs. BIS GROUP's Oil & Gas events take specific issues within the industry and invite top professionals and leaders in to discuss, share knowledge and address current problems.

4th Edition Advanced Project Management for the Oil & Gas Industry

Date:9th - 11th September 2014
Location:London, United Kingdom

2nd Annual Advanced FPSO Forum

Date:14th - 16th May 2014
Location:London, United Kingdom

Advanced Project and Portfolio Management for the Oil and Gas Industry

Date:25th - 27th September 2013
Location:London, United Kingdom

Eastern Mediterranean New Frontiers Exploration Forum

Date:28th - 29th May 2013
Location:London, United Kingdom

Advanced FPSO Forum

Date:7th - 8th February 2013
Location:London, United Kingdom