Significance of Translation Services in Oil and Gas Industry by Happy Raj Sinha

In the age of globalization the oil and gas industry is one of the most significantly advancing and crucially imperative industry spread all over the world. Oil and gas both are found underneath the surface of earth. These are the most valuable natural resources for producing energy.
The oil and gas industry embraces two sectors: ‘upstream'â€" the exploration and production part of the industry; then ‘downstream'â€"the part which manages the refining and processing of crude oil and gas produces, their supply and marketing.Companies functioning in the industry may perhaps be having equally upstream and downstream benefits, or may well focus on a specific area, generally identified as an E&P company or an R&M company.
A number of big companies function across many countries and are defined as ‘multi-nationals', whereas other minor companies focus on particular areas of the world and are frequently mentioned to as‘independents'. Often, a particular nation has vested its interests in oil and gas in a domestic company, by its name frequently imitating its nationwide parenting. In the upstream area, much dependence is positioned upon service and upon supplier companies who deliver professional technical facilities to the industry, oscillating from geophysical surveys, drilling and cementing, to catering and hotel services in provision of setups. This association amid contractors and the oil companies has promoted a handy corporation, and progressively, contractors are completely combined with the organization and principles of their clients.
Importance
Oil and gas industry has affected each and every scope of human life. By the influx of technical advances and studies, the demand of gas and oil industry is growing at a prompt pace. Around 70 to 80 per cent worldwide economic development rest on this industry. Oil and gas are projected to keep on being the leading energy resources for eras to come.
These are the following processes involve in oil and gas industry
• Exploration procedure is involved in the foundation of oil and gas
• Complete production and development of crude oil or natural gas
• Shipping
• Marketing and consumers
Every single trade has its distinctive challenges, terms and policies. Oil and gas industry embraces together offshore and onshore energy sectors placed in different parts of the world.
Oil and gas industry general function
• Supply of the fuel
• Oil platform controller on Sub-sea
• Analysis of resource (renewable)
• Appropriate controlling of asset
• Translation of Radical decorum
• Submersible pump checking and pressure temperature gauges
The oil and gas industry inaugurates the passage to discover the oil well at the exact positions and excavate gas and oil successfully. These bases are established profoundly inside the earth and appropriate technique must be conceded out at the particular site. The whole procedure involves huge amount of capital investment which is the foremost reason for the price hike in this industry. The prices of the oil and gas can be controlled somewhat by lowering production cost.
There are number of other companies which are investing billions of dollars in this multi-million industry to retain and upturn the production and advancement of oil & gas. Retaining the exploration procedure in an appropriate way is very imperative for the growth of this industry.
At present, oil & gas industry is implementing certain fresh guidelines and expertise to meet the approaching demands and handle the ecological concerns. Production and exploration companies particularly emphasis on discovering hydrocarbon reservoirs, gas wells plus drilling oil then marketing and generating these resources. This whole procedure grows underneath the upstream gas and oil sector.
Translation services in oil & gas industry
In the contemporary age oil and gas industries need to device translation projects with gradually shorter time and from every corner of the world.
Vibrant and all-in-one technical oil and gas translation and localization in several languages is principal to the accomplishment of these widespread, promptly organized companies. Cutting-edge tools and multifaceted procedures demand for high-tech upstream translation and downstream translation jobs and translation supervision tools.
A top translation company should provide oil & gas sector clients certain benefits:
• The paramount wide-ranging group of translators in the oil & gas industry, equipped with industry and target nation proficiency/familiarity. A company should have wide-ranging understanding with translations for all foremost nationwide oil and gas firms.
• A company should have industry specific methods to decrease implementation risk and highest return on investment.
• Precise translation tools for different industries with the best quality and consistent upstream translation and downstream translation solutions

About the Author

TridIndia IT Translation Services Pvt. Ltd. is a leading provider of premium translation services, interpretation services and transcription services. Since 2002, TridIndia is catering translation services to clients ranging from start-ups, SMEs and to large sized businesses. TridIndia excel in providing technical, medical, legal, financial, literal, administrative and commercial translation services. At TridIndia, all translation, interpretation and transcription services are processed by highly professional language experts' specializing in their respective domains.

Oil and Gas Translation Services by Tridindia Pvt Ltd

In the age of globalization the oil and gas industry is one of the most significantly advancing and crucially imperative industry spread all over the world. Oil and gas both are found underneath the surface of earth. These are the most valuable natural resources for producing energy.

The oil and gas industry embraces two sectors: 'upstream'-- the exploration and production part of the industry; then 'downstream'--the part which manages the refining and processing of crude oil and gas produces, their supply and marketing. Companies functioning in the industry may perhaps be having equally upstream and downstream benefits, or may well focus on a specific area, generally identified as an E&P company or an R&M company.

A number of big companies function across many countries and are defined as 'multi-nationals', whereas other minor companies focus on particular areas of the world and are frequently mentioned to as 'independents'. Often, a particular nation has vested its interests in oil and gas in a domestic company, by its name frequently imitating its nationwide parenting. In the upstream area, much dependence is positioned upon service and upon supplier companies who deliver professional technical facilities to the industry, oscillating from geophysical surveys, drilling and cementing, to catering and hotel services in provision of setups. This association amid contractors and the oil companies has promoted a handy corporation, and progressively, contractors are completely combined with the organization and principles of their clients.Importance

Oil and gas industry has affected each and every scope of human life. By the influx of technical advances and studies, the demand of gas and oil industry is growing at a prompt pace. Around 70 to 80 per cent worldwide economic development rest on this industry. Oil and gas are projected to keep on being the leading energy resources for eras to come.
These are the following processes involve in oil and gas industry
¢ Exploration procedure is involved in the foundation of oil and gas
¢ Complete production and development of crude oil or natural gas
¢ Shipping
¢ Marketing and consumers

Every single trade has its distinctive challenges, terms and policies. Oil and gas industry embraces together offshore and onshore energy sectors placed in different parts of the world.

Oil and gas industry general function

¢ Supply of the fuel
¢ Oil platform controller on Sub-sea
¢ Analysis of resource (renewable)
¢ Appropriate controlling of asset
¢ Translation of Radical decorum
¢ Submersible pump checking and pressure temperature gauges
¢ Flow metering of gas, oil, sand, water

The oil and gas industry inaugurates the passage to discover the oil well at the exact positions and excavate gas and oil successfully. These bases are established profoundly inside the earth and appropriate technique must be conceded out at the particular site. The whole procedure involves huge amount of capital investment which is the foremost reason for the price hike in this industry. The prices of the oil and gas can be controlled somewhat by lowering production cost.

Major companies dealing in this industry are- Shell, ExxonMobil, ConocoPhillips, Chevron, Total S A and BP. Russia, USA, Iran, China, Russia are the main producers of oil in the world.

There are number of other companies which are investing billions of dollars in this multi-million industry to retain and upturn the production and advancement of oil & gas. Retaining the exploration procedure in an appropriate way is very imperative for the growth of this industry.

At present, oil & gas industry is implementing certain fresh guidelines and expertise to meet the approaching demands and handle the ecological concerns. Production and exploration companies particularly emphasis on discovering hydrocarbon reservoirs, gas wells plus drilling oil then marketing and generating these resources. This whole procedure grows underneath the upstream gas and oil sector.

Translation services in oil & gas industry

In the contemporary age oil and gas industries need to device translation projects with gradually shorter time and from every corner of the world.
Vibrant and all-in-one technical oil and gas translation and localization in several languages is principal to the accomplishment of these widespread, promptly organized companies. Cutting-edge tools and multifaceted procedures demand for high-tech upstream translation and downstream translation jobs and translation supervision tools.

Tridindia is a premium source of quality translation services for the oil & gas industry. We have a strong alliance with translators in USA, USSR, Ukraine and other major Asian and European countries we are superlatively placed to provide services custom-made to our oil and gas translation clients having particular business targets, which intensifies expansion and generate higher income.

Tridindia dedicates us in translations for Oil and Gas industry. We are expert in translating operation and installation manuals for drilling platforms, seismic studies, drilling expedition reports, performance data of installations, contracts and legal agreements for drilling and pipeline installation and practice.

Tridindia recognize the complications of oil & gas industry--starting from upstream oil and gas exploration to downstream marketing processes--in addition we ensure the right proficiency and means to supply refined, custom-made services for the industry. Tridindia provide our oil & gas sector clients several benefits:
¢ The paramount wide-ranging group of translators in the oil & gas industry, equipped with industry and target nation proficiency/familiarity. We have wide-ranging understanding with translations for all foremost nationwide oil and gas firms.
¢ We have established industry specific methods to decrease implementation risk and highest return on investment.
¢ Precise translation tools for different industries with the best quality and consistent upstream translation and downstream translation solutions. We are simply the best as soon as it comes to realize superior productivities, which ultimately leads to profit maximization to our clients.
¢ Our original, well-known, and outgoing policy let us manage assignments proficiently while building value and reaching targets.

About the Author

At TridIndia, we focus on services we have excelled in(Language translation, Multilingual DTP, Voice over Transcription Dubbing Subtitling, Website localization, Software Localization, CAD services) letting you to implement what you are best at. We provide translation and desk top publishing services in more than hundred languages by means of our authentic qualified multilingual skills. This implicates you can give us a source document and gets it translated, typeset and printed all set for its intended market.

Application of Advanced Technology Has Eliminated Uncertainties Out of Oil and Gas Exploration Process by Abraham John

Natural gas and petroleum deposits remain hidden deep inside earth’s crust. So tracing these natural reserves is quite a complicated process which demands involvement of advanced technology at every step.
Uncertainties which used to mar the oil and gas exploration sector have been taken care of in recent times. With successful application of innovative techniques, it has now become easier to carry out the drilling after accurately tracing the hidden reserve. This was not the scenario even few years back when companies had to conduct the exploration process in quite a crude manner, based on surface evidences only.
The exploration scenario has improved for better in the United States over past few years. This is because the country aims to achieve self dependency in the energy sector. Thus the USA government has also announced special steps and incentives to speed up the drilling process. A more industry-friendly approach has encouraged several production companies to come forward with their exploration programs concentrating in and around Texas.
There are companies like Breitling Oil & Gas which have experienced remarkable success within limited time, only because of their precise application of cutting edge technology. They have successfully modified the seismology technique by introducing 3-D & 4-D seismic imaging concept. This has allowed better interpretation of seismic waves thus resulting in accurate determination of the nature of rock formation. Such advanced technology helps in keeping expenses down by utilizing manpower and other resources economically.
Many companies based in US have taken the help of fracturing to ensure a positive outcome. This is a unique technique according to which a fluid containing sand, water and few additives are pumped into the well. The high pressure helps in creating fracture or fissure in underground rock formation, thus helping oil or natural gas to flow back to the wellbore. While this process is quite effective and cost effective, it has raised environmental concerns in recent time too. As per environmentalists companies which are into oil and gas exploration follow unethical practices and use chemicals which are highly toxic and have the potential to contaminate ground water reserves.
In order to address these issues, several companies based at Texas have taken special steps. Breitling Oil and Gas has come up with hydraulic fracturing which is very much eco-friendly. After in-depth research programs the company has introduced safe additives which can be used during fracturing without any negative effects. Being highly particular in following safety norms, the company aims to generate consumer awareness through its website updates. It provides podcasts and video updates on a regular basis which offer genuine information on what is happening in the oil and gas sector.
Sensing the boom in the oil and gas exploration sector, many investors have expressed their willingness to put money in reliable companies. While it can’t be denied that the drilling sector has its own risks but then with a prudent selection it is possible to ensure a lucrative return and tax incentives too. What is suggested is a thorough research of the drilling company which you are aiming for investment. Explore the company website and talk to its investment consultant to know about their investment schemes.

About the Author

Abrahamjohn is an investment consultant who has done thorough study on investment prospects in the oil and gas exploration sector. The author has shared his knowledge in several informative online articles.

Oil and Gas Players - Sources - Top 10 Oil and Gas Commpanies, Reports, Data, Resources @ Checkonomics by Thomson Peter

Oil and Gas News: April 29-May 3, 2013
Last Updated: 06-May-2013
NORTH AMERICA

1. Chesapeake Energy Swings to 1st-Quarter Profit (May 1, 2013)

Chesapeake Energy has reported first quarter profit of USD58 million as compared to a loss of USD28 million last year. Chesapeake recently witnessed a management overhaul when its long time chief executive and company co-founder stepped down. Significantly, Chesapeake has been able to establish itself as the second largest natural gas producer in the US, next only to Exxon Mobil, by aggressively acquiring new acreage. However, Chesapeake has not been able to reduce its debt as quickly as it had promised.

2. Imperial starts up Kearl oil sands mine (April 29, 2013)

Production of mined diluted bitumen has been reported from the first of three trains at Imperial Oil Ltd.’s Kearl oil sands project. Production is expected to reach 110,000 b/d when all three trains are operational later in 2013. Production from Kearl is expected to double by the end of 2015 and reach an output of about 345,000 b/d by 2020. The ultimate recovery of 4.6 billion bbl of bitumen is expected to be spread over a period of more than 40 years. Imperial holds a 70.96% interest in the Kearl project and is the operator.

EUROPE AND RUSSIA

1. Statoil 'On Track' for 2.5 MMboepd by 2020 (May 2, 2013)

For Q1 2013, Statoil has reported production of 2 MMboepd which is a decrease as compared to Q1 2012’s production of 2.19 MMboepd. Although the company had anticipated lower production, it reduced further due to operational disruptions at three of its fields. The company however said that it managed to deliver record international production. The company further said that it was on track to deliver 2%â€"3% average annual production growth from 2012 to 2016, with production above 2.5 million barrels of oil equivalent per day (MMboepd) by 2020.

2. Lukoil to develop West Siberia license (April 30, 2013)

In September 2014, Lukoil plans to start developing the oil project on its Imilorsko-Istochnoye license in West Siberia. The company is hopeful of starting oil production by March 2015. As per early estimates, the area has 193.7 million tonnes of crude oil reserves.

3. Rosneft, Mitsui sign petrochemical MOU (April 29, 2013)

Japan’s Mitsui and Co. and Russian Rosneft have signed an MoU to together build a petrochemical complex in far-east Russia. The petrochemical plant is expected to have the capacity to process 3.4 million tonnes per year (tpy) of feedstock to produce ethylene and propylene.

MIDDLE EAST

1. Iraqis, Kurds Reach Agreement over Oil Payments (May 2, 2013)

Officials from Iraq have said that there has been an agreement between the Iraqi federal government and Iraq's semi-autonomous region of Kurdistan, which is expected to solve the dispute over payments to foreign companies. Because of the dispute, most of the crude oil exports from the region had come to a standstill. After the provisions of the agreement become operational, Kurdistan will be able to restart export of almost 250,000 barrels of oil per day through and export pipeline controlled by the Iraqi federal government, thereby raising Iraq’s exports to almost 2.9 million barrels per day.

2. Shell in 30-Year JV to Develop Bab Gas Field (April 30, 2013)

Royal Dutch Shell has been selected by the state-run Abu Dhabi National Oil Co. or Adnoc to operate the Bab sour gas field. Shell has entered into a 30-year JV with Adnoc to develop the Bab sour gas reservoirs. Shell will hold a 40% equity stake in the JV while Adnoc will hold the remaining stake. Gas output from the Bab Gas Field will supply the local market in the UAE.

3. EIA: Sanctions reduced Iran's oil exports and revenues in 2012 (April 26, 2013)

According to US Energy Information Administration, in 2012, Iran’s crude oil and lease condensate exports reached the lowest level since 1986. This was due to the tightening of US and European Union sanctions aimed at Iran’s oil sector. In 2012, Iran exported 1.5 mb/d of crude oil and lease condensates which fetched export revenues of USD69 billion which was much lower than that of USD95 billion in 2011.

AFRICA

1. Egypt To Adopt New Oil, Gas Licensing Policy (April 30, 2013)

Egypt’s oil minister has said that the country will introduce a new licensing policy for its future oil and gas exploration contracts signed with foreign companies. As per the new licensing policy, the country will have a larger share of production. Also, Egypt’s share of the output will increase with increase in production. The new policy will however not be applicable to the eight oil and gas exploration projects in the Mediterranean Sea that Egypt awarded earlier in April.

ASIA-PACIFIC

1. Petronet considering LNG imports from US, Canada (May 3, 2013)

Petronet LNG Ltd. is considering importing LNG from Canada and the US to meet the surging energy requirements of India. Petronet is India’s largest importer of LNG. Last month Petronet had signed an agreement with United LNG of the US for purchase of 4 million tonnes of LNG per annum for 20 years beginning from 2018.

2. ONGC's oil production down 6% (May 2, 2013)

For the year ended March 31, 2013, ONGC has reported a drop in crude oil production by 6%. In 2012-2013, the company produced 20.5 million tonnes of crude oil which was almost 5.8% lower than the production of 21.8 million tonnes of crude oil in 2011-2012. The decline in production was due to poor output from its Mumbai High fields. However, the company produced 23.5 billion cubic meters (bcm) of natural gas, higher than that of 23.3 bcm in 2011-12.

3. Essar seeks sovereign guarantee from government for import of crude oil from Iran (May 2, 2013)

Essar oil has asked for a sovereign guarantee from the government of India for importing crude oil from Iran. Essar Oil, that runs a 20 million tonnes a year refinery in Gujarat, has sought the guarantee as global reinsurers are not providing re-insurance for refineries that process Iranian crude and the informal arrangement with local general insurance companies is not sufficient enough to cover the risks. Essar is expecting an insurance cover of USD2.21 billion (INR120) billion while the oil pool can provide insurance of only USD368 million (INR20 billion).

4. Shell, ONGC alliance ahead in race to buy 20% in Mozambique gas block (May 2, 2013)

Indian consortium led by state-run ONGC and global oil and gas giant Shell, are leading the race to buy 20% stake in the huge oil field in Rovuma basin offshore Mozambique. The sale is expected to fetch USD6 billion. Anadarko Petroleum and India’s Videocon Industries are selling 10% stake each in the Rovuma-1 offshore block. Shell is likely to have an edge over the Indian consortium because of its strong financial position and domain expertise.

5. ONGC's US5 billion Kazakh oil deal may fall through (May 1, 2013)

It is being anticipated that ONGC’s USD5 billion deal to acquire US energy giant ConocoPhillips' stake in a Kazakhstan oil field may not materialize. Industry insiders attribute it to the Indian government’s inability to convince the Kazakhstan government to approve the transaction. ONGC had already struck a deal in November 2012 to buy CononoPhillip’s stake in Kashagan but the cabinet is yet to approve the transaction. Kazakhstan may exercise its pre-emption rights to buy ConocoPhillips's 8.4% stake in Kashagan oil field before selling it to a Chinese company.

6. ONGC announces three significant oil and gas discoveries in KG basin (April 30, 2013)

ONGC has announced the discovery of two new oil and gas fields in the Krishna-Godavari (KG) basin blocks and one in a western offshore block. In the KG basin, discoveries have been made in deepwater blocks KG-DWN-2005/1 and KG-DWN-98/2 and in the western offshore block the discovery has been made in the GK-28 Kutch Offshore block. The commercial potential of these new discoveries is yet to be ascertained.

7. Directorate General of Hydrocarbons wants Reliance Industries to give up 86% of KG-D6 area (April 28, 2013)

The Directorate General of Hydrocarbons has indicated that RIL should give up 86% of its KG-D6 gas block area as RIL has crossed the time limit given to it to develop the area. This includes relinquishing 8 gas discoveries worth at least USD5 billion.

About the Author

Oil and Gas Players - Sources - Top 10 Oil and Gas Commpanies, reports, data, resources @ Checkonomics