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At the same time, net income fell by 43%, leaving Sinopec with a value of approximately $70bn. The highest-earning oil and gas companies lost billions in 2020 because of the Covid-19 pandemic, but big deals and discoveries were still made. In an attempt to diversify this traditionally male-dominated industry, the sector is encouraging more women to pursue careers in science, technology, engineering and maths subjects. For example, the Shell graduate programme allows you to choose technical, commercial business or corporate function pathways. Similarly, the career areas for graduates at BP include business, digital, engineering, science, and trading and shipping. Hydrocarbons are brought to the surface by drilling through the cap rock and into the reservoir.

As oil prices recovered, the company used the available income to pay down debts, later increasing its dividends. In 2021, the company sold many of its Canadian assets to Crescent Point Energy for approximately $707m. It also entered an agreement with Cairn Energy and Cheiron Petroleum Corp for onshore extraction in Egypt. Across the year, the company increased oil output by 4.8% and gas output by 9.9% compared to 2019.

Chevron was the first corporation to support PLTW’s National Grow Campaign, with a $6 million pledge in 2013. Chevron is one of the world’s top producers of commodity petrochemicals, through the 50 percent-owned joint venture Chevron Phillips Chemical Company LLC . Based in The Woodlands, Texas, CPChem manufactures building-block chemicals – olefins, polyolefins, aromatics, styrenics and specialty chemicals – used to make consumer and industrial products. Our company’s major operations in the United States are primarily in the midcontinent region, the Gulf of Mexico and California. Our products are sold in the more than 8,000 Chevron® and Texaco® retail stations across the United States.

Tetraethyl lead was added to gasoline in the United States in the 1920s to raise octane despite knowledge of the hazards of lead. Refineries use alkylation and reforming to create high-octane gasoline since the United States government outlawed lead in vehicle gasoline as part of the U.S. Well testers are professionals in the oil and gas sector whose responsibility it is to access and examine oil wells to guarantee their safety and balance before, during, and after work. They are in charge of assessing and researching using tools the safety of the oil sector.

By following regulatory-based best practices and by use of an in-house optimized logistic assistant tool our Operations Engineers ensure timely supplies of products to our customers. They oversee operational systems, processes, and infrastructure at our state of the art facilities like Refinery, LPG, Aviation, Terminals, Depots etc. Not only do they look for opportunities of improvement they tracks operational and tactical risks and provide strategic solutions. Whether is it a LPG plant, Refinery, Terminal or a pipeline, our project engineers bridge the boundaries between engineering and project management.

The Mad Dog 2 Project is developing the southwestern extension of the Mad Dog Field. The total potentially recoverable oil-equivalent resources for Mad Dog 2 are estimated to exceed 500 million barrels. Also in Walker Ridge is the 60 percent-owned and operated Big Foot project. In 2020, net daily production averaged 14,000 barrels of liquids and 2 million cubic feet of natural gas.

It later rebranded to the Anglo-Iranian Oil Company and then finally to BP. 11 years later the company became the first to strike ispy jewelry reviews oil in the North Sea. Thanks to its 20,000 plus service stations, BP is one of the most recognisable oil and gas companies.

Of course, new reserves are an essential source of future revenue, so E&P companies spend a lot of time and money exploring new untapped reservoirs. If an E&P company stops exploring, it will have only a finite amount of reserves and a depleting quantity of oil and gas. In short, E&P companies can only maintain or grow revenue by acquiring or finding new reserves.