Petroleum industry in the context of "Hubbert peak theory"

A regulated market (RM) or coordinated market is an idealized system where the government or other organizations oversee the market, control the forces of supply and demand, and to some extent regulate the market actions. This can include tasks such as determining who is allowed to enter the market and what prices may be charged. The majority of financial markets such as stock exchanges are regulated, whereas over-the-counter markets are usually not at all or only moderately regulated.

One of the reasons for regulation can be the importance of the regulated activity – meaning the harm suffered should the industry fail would be so fatal that regulators (governments, legislators) cannot afford the risk. This includes fields like banking or financial services. Secondly, it is common for some markets to be regulated under the claim that they are natural monopolies, or that a monopoly would very likely appear should there be no regulation. It is crucial to prevent misuse of monopoly power, as this can lead to delivery of poor services with very high prices. This includes for example the telecommunications, water, gas, or electricity supply. Often, regulated markets are established during the partial privatisation of government controlled utility assets.

Big business involves large-scale corporate-controlled financial or business activities. As a term, it describes activities that run from "huge transactions" to the more general "doing big things". In corporate jargon, the concept is commonly known as enterprise, or activities involving enterprise customers.

The concept first rose in a symbolic sense after 1880 in connection with the combination movement that began in American business at that time. Some examples of American corporations that fall into the category of "big business" as of 2015 are ExxonMobil, Walmart, Google, Microsoft, Apple, General Electric, General Motors, JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, and Goldman Sachs; in the United States, big businesses in general are sometimes collectively pejoratively called "corporate America". The largest German corporations as of 2012 included Daimler AG, Deutsche Telekom, Siemens, and Deutsche Bank. SAP is Germany's largest software company. Among the largest companies in the United Kingdom as of 2012 are HSBC, Barclays, WPP plc, and BP. The latter half of the 19th century saw more technological advances and corporate growth in additional sectors, such as petroleum, machinery, chemicals, and electrical equipment (see Second Industrial Revolution).

The oil and gas industry is usually divided into three major sectors: upstream, midstream, and downstream. The downstream sector is the refining of petroleum crude oil and the processing and purifying of raw natural gas, as well as the marketing and distribution of products derived from crude oil and natural gas. The downstream sector reaches consumers through products such as gasoline or petrol, kerosene, jet fuel, diesel oil, heating oil, fuel oils, lubricants, waxes, asphalt, natural gas, and liquefied petroleum gas (LPG) as well as naphtha and hundreds of petrochemicals.

Midstream operations are often included in the downstream category and are considered to be a part of the downstream sector.

In the international petroleum industry, crude oil products are traded on various oil bourses based on established chemical profiles, delivery locations, and financial terms. The chemical profiles, or crude oil assays, specify important properties such as the oil's API gravity. The delivery locations are usually sea ports close to the oil fields from which the crude was obtained (and new fields are constantly being explored), and the pricing is usually quoted based on FOB (free on board, without consideration of final delivery costs).

The oil and gas industry is usually divided into three major sectors: upstream (also called exploration and production or E&P), midstream and downstream. The upstream sector includes searching for potential underground or underwater crude oil and natural gas fields, drilling exploratory wells, and subsequently operating the wells that recover and bring the crude oil or raw natural gas to the surface.

The upstream industry has traditionally experienced the highest number of Mergers, Acquisitions (M&A) and Divestitures. M&A activity for upstream oil and gas deals in 2012 totaled $254 billion in 679 deals. A large chunk of this M&A, 33% in 2012, was driven by the unconventional/shale boom especially in the US followed by Russia and then Canada.

The oil and gas industry is usually divided into three major components: upstream, midstream and downstream. The midstream sector involves the transportation (by pipeline, rail, barge, oil tanker or truck), storage, and wholesale marketing of crude or refined petroleum products. Pipelines and other transport systems can be used to move crude oil from production sites to refineries and deliver the various refined products to downstream distributors. Natural gas pipeline networks aggregate gas from natural gas purification plants and deliver it to downstream customers, such as local utilities.

Midstream in oil and gas also includes services that help oil and gas producers, such as managing and disposing of wastewater and other oilfield waste.

The economy of Dubai’s gross domestic product of the calendar year 2023 as of January 2024 is AED 429 billion ($USD 116.779 billion). Dubai has substantially transformed over the last couple of decades. More than 90% of the population are foreigners.

The International Herald Tribune described it as "centrally-planned free-market capitalism". Oil production, which once accounted for 50% of Dubai's gross domestic product, contributes less than 1% today. In 2018, wholesale and retail trade represented 26% of the total GDP; transport and logistics, 12%; banking, insurance activities and capital markets, 10%; manufacturing, 9%; real estate, 7%; construction, 6%; tourism, 5%.

The coastline of Norway is formed along the Skagerrak, North Sea, Norwegian Sea, and Barents Sea. This considers only the mainland coastline and excludes Svalbard.

A straight line along Norway's sea borders (the coastal perimeter) is 2,650 kilometers (1,650 mi) long. Along the coast there are many fjords, islands, and bays, resulting in a low-resolution coastline of over 25,000 kilometers (16,000 mi). At 30-meter (98 ft) linear intercepts, this length increases to 83,281 kilometers (51,748 mi) (see the coastline paradox). Much of Norway's wealth is linked to its long coastline; for example, the petroleum industry, maritime transport, fishing, and fish farming.

Engie SA (stylised in all caps as ENGIE) is a French multinational electric utility company, headquartered in La Défense, Courbevoie. Its activities cover electricity generation and distribution, natural gas, nuclear power, renewable energy, district energy, and the petroleum industry. It is involved in both upstream (engineering, sale, operation, maintenance) and downstream (waste management, dismantling) activities.

Engie supplies electricity to 27 countries in Europe and 48 countries worldwide. The company, formed on July 22, 2008, by the merger of Gaz de France and Suez, traces its origins to the Universal Suez Canal Company founded in 1858 to construct the Suez Canal. As of 2022, Engie employed 96,454 people worldwide with revenues of €93.86 billion.

Sedimentary basin analysis is a geologic method by which the formation and evolution history of a sedimentary basin is revealed, by analyzing the sediment fill and subsidence. Subsidence of sedimentary basins generates the spatial distribution of accommodation infilling sediments. Aspects of the sediment, namely its composition, primary structures, and internal architecture, can be synthesized into a history of the basin fill. Such a synthesis can reveal how the basin formed, how the sediment fill was transported or precipitated, and reveal sources of the sediment fill. From such syntheses, models can be developed to explain broad basin formation mechanisms. Examples of such basin classifications include intracratonic, rift, passive margin, strike-slip, forearc, backarc-marginal sea, fold and thrust belt, and foreland basins.

Sedimentary basin analysis is largely conducted by two types of geologists who have slightly different goals and approaches. The petroleum geologist, whose ultimate goal is to determine the possible presence and extent of hydrocarbons and hydrocarbon-bearing rocks in a basin, and the academic geologist, who may be concerned with any or all facets of a basin's evolution. Petroleum industry basin analysis is often conducted on subterranean basins through the use of reflection seismology and data from well logging. Academic geologists study subterranean basins as well as those basins which have been exhumed and dissected by subsequent tectonic events. Thus, academics sometimes use petroleum industry techniques, but in many cases, they are able to study rocks at the surface. Techniques used to study surficial sedimentary rocks include: measuring stratigraphic sections, identifying sedimentary depositional environments and constructing a geological map.