By Athanasios Pitatzis Statoil is one of biggest National Oil Company (NOCs) (despite the fact that is listed on the largest exchange stock markets of the world, 67 % Norwegian state ownership) in the world, but its global business operations are comparable and in some cases even better than those…
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By Athanasios Pitatzis Recent surveys carried out offshore of the country have reported the presence of good oil and gas reserves, which could attract foreign investments. The volatility of global prices and the future global energy mix, in which alternative energy sources will play a significant role, however, threaten the…
By Athanasios Pitatzis It was first on OilVoice at 9th of June 2016, http://www.oilvoice.com/n/Global-Future-Energy-Mix-Fossil-Fuels-VS-Alternative-Sources-of-Energy/6518c1922c06.aspx U.S Energy Information Administration (EIA) Estimations In the report International Energy Outlook 2016 U.S Energy Information Administration (EIA) predicts that the main factors that can affect the future global energy mix are: Economic growth in key economies (China,…
By Athanasios Pitatzis It was first on OilVoice at 23th of May 2016, http://www.oilvoice.com/n/Porters-Five-Forces-Model-for-the-Oil-Gas-Industry/c56bd619b3de.aspx Porter’s Five Forces framework is one useful strategic tool to evaluate potential opportunities and threats/risks for the oil and gas industry. The five key factors of this model are: Competitive rivalry Threat of New Entrants Threat of Substitutes…
By Athanasios Pitatzis It was first on OilVoice at 9th of May 2016, http://www.oilvoice.com/n/PEST-Analysis-for-global-oil-and-gas-companies-operations/07720ffeec07.aspx The evaluation of PEST Analysis involves the Political, the Economic, the Social – Culture and the Technological environment in which an oil and gas company operates. Political Factors The threats for the business of oil and gas companies…
By Athanasios Pitatzis It was first published on OilVoice at 27th of April 2016, http://www.oilvoice.com/n/ENI-upstream-activities-A-strategic-management-approach/74b3dfa19f62.aspx According to the official website of the company ENI is “a major integrated energy company committed to growth in the activities of finding, producing, transporting, transforming and marketing oil and gas”. ENI corporate structure presented in…
By Delia Morris & Athanasios Pitatzis With commodity prices in freefall, there would seem to be very few bright spots around the world for the sanctioning of upstream oil and gas projects over the next one to two-year period. In terms of activity levels, however, the Eastern Mediterranean region is…
By Athanasios Pitatzis, Evangelia Margoni, Aikaterini Souvatzoglou, Nikolaos D. Ntintas and Stelios Veisakis This is a strategic analysis of Chevron which had been produced from a team of 5 students during the MSc Oil and Gas Technology inTechnological Education Institute (T.E.I) of EMaTh, Department of Oil and Gas Technology for the academic year…
By Athanasios Pitatzis The oil and gas exploration has evolved tremendously the last decades since the first oil well was drilled. The first known oil well was drilled by Chinese in the year 347 AD but according to Herodotus and confirmed by Diodorus Siculus, asphalt was used in the construction…
By Athanasios Pitatzis In today’s article we will cover the history of the exploration wells in Norway since 1966 until now in comparison with Cyprus oil and gas discoveries until the given date. According to the publish data from the Norwegian Petroleum Directorate (NPD) Norway has drilled 1675 exploration wells until…