Introduction to Oil and Gas
Join us for the Introduction to Oil and Gas webinar — an essential session for students, early-career professionals, and anyone curious about the energy sector. This webinar provides a clear overview of the oil and gas industry, including exploration, drilling, production, refining, and distribution processes.
Led by industry experts, the session will also touch on key market trends, environmental concerns, and the shift toward sustainable energy practices. Whether you're considering a career in energy or simply want to understand how this global industry operates, this webinar will offer valuable insights in a simplified, accessible format.
Market Insights in Oil and Gas
The global oil and gas market, valued at USD 7.4 trillion in 2024, is projected to grow at a CAGR of 3.2% through 2030, driven by rising energy demand and technological advancements. Upstream exploration thrives with AI and seismic imaging, boosting shale and deepwater production. Midstream sees growth in LNG infrastructure, with projects like TotalEnergies’ LNG bunker vessels supporting cleaner fuel transitions. Downstream refining shifts toward biofuels to meet sustainability goals, though volatility in crude prices challenges profitability. North America leads with 30% market share, fueled by U.S. shale output, while Asia-Pacific grows rapidly due to China’s energy consumption. Challenges include geopolitical risks, OPEC+ production cuts, and environmental regulations pushing decarbonization. Major players like ExxonMobil and Saudi Aramco invest in carbon capture and hydrogen to align with net-zero goals. Digitalization and automation enhance efficiency, but workforce reskilling and high capital costs remain hurdles for sustained growth.