An oil (or petroleum) refinery is an industrial process plant where crude oil is processed and refined into more useful products such as petroleum naphtha, gasoline, diesel and others already mentioned above. Oil refineries are typically large, sprawling industrial complexes with extensive piping running throughout, carrying streams of fluids between large chemical processing units.
Natural gas processing is a complex industrial process designed to clean raw natural gas by separating impurities and various non-methane hydrocarbons and fluids to produce what is known as pipeline quality dry natural gas.
Natural gas processing begins at the well head. The composition of the raw natural gas extracted from producing wells depends on the type, depth, and location of the underground deposit and the geology of the area. Oil and natural gas are often found together in the same reservoir. The natural gas produced from oil wells is generally classified as associated-dissolved, meaning that the natural gas is associated with or dissolved in crude oil. Natural gas production absent any association with crude oil is classified as “non-associated.” Most natural gas extracted from the Earth contains, to varying degrees, low molecular weight hydrocarbon compounds; examples include methane (CH4), ethane (C2H6), propane (C3H8) and butane (C4H10). The natural gas extracted from coal reservoirs and mines (coalbed methane) is the primary exception, being essentially a mix of mostly methane and about 10 percent carbon dioxide (CO2).
The oil & gas industry faces numerous challenges. In Upstream, the search for economically accessible sources is demanding continually increasing investment. In Downstream, significant shifts in demand are expected going forward. Consequently, in most highly industrialized countries the usage of fossil fuels is increasingly regulated in favor of renewable alternatives such as sun, wind and hydropower.
Moreover, the opportunities in the emerging markets form an attractive growth proposition.
Based on this, EETI is able to reviewing and carry out studies on business models, developing sales channel strategies and dynamic pricing strategies which are becoming increasingly more important in order to get an edge in these highly competitive markets.