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Gepetrol Seguros Oil & Gas Industry Academy

Learn about the three key sectors in oil and gas, the current state of the industry and future outlook

Uncovering the oil and gas industry

Considered being the biggest sector in the world in terms of dollar value, the oil and gas sector is a global powerhouse using hundreds of thousands of workers worldwide and generating hundreds of billions of dollars globally each year.

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What are the different oil and gas sectors?

Upstream Fundamentals

Upstream is E&P (exploration and exploration). This involves the search for underwater and underground natural gas fields or crude oil fields and the drilling of exploration wells and drilling into established wells to recover oil and gas.

Midstream Fundamentals​

Midstream entails the transportation, storage, and processing of oil and gas. Once resources are recovered, it has to be transported to a refinery, which is often in a completely different geographic region compared to the oil and gas reserves. Transportation can include anything from tanker ships to pipelines and trucking fleets.

Downstream Fundamentals​

Downstream refers to the filtering of the raw materials obtained during the upstream phase. This means refining crude oil and purifying natural gas. The marketing and commercial distribution of these products to consumers and end users in a number of forms including natural gas, diesel oil, petrol, gasoline, lubricants, kerosene, jet fuel, asphalt, heating oil, LPG (liquefied petroleum gas) as well as a number of other types of petrochemicals.

1 Commercial Liability
2 Extra Expense Risks
3 Improve Engagement
4 Contractual Risk
5 Oil and Gas
Commercial Liability

Commercial Liability Insurance for the Energy Industry

While the energy industry has most of the same exposures as all industries, it also faces some unique exposures.identify the major categories of insurable liability risk faced by energy industry companies and explain how each is covered by the standard CGL policy; A basic understanding of commercial liability exposures and insurance coverage is needed.

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Commercial Liability Insurance for the Energy Industry
Extra Expense Risks

Control of Well/Operators Extra Expense Risks and Insurance

As long as there are oil wells there is a potential for well control problems. identify the elements that make up the anatomy of a well and the techniques used to drill a well. Property and casualty risk, safety, insurance, and finance professionals

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Control of Well/Operators Extra Expense Risks and Insurance
Improve Engagement

Improve Engagement

Provides a common understanding of what Leadership is and its importance criticalness to every organization or business. Learn the difference between leading and managing and how to integrate the two.Learn the methods and power of leveraging different leadership approaches based on follower skills, capability, work situation.
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Improve Engagement
Contractual Risk

Contractual Risk Transfer in Energy

The agreements between the parties involved in energy projects are various contract documents.  identify problematic energy contract provisions, and propose appropriate recommendations in the draft or negotiation of contract insurance requirements;  Property and casualty risk, safety, insurance, and finance professionals

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Contractual Risk Transfer in Energy
Oil and Gas

Understanding the Oil and Gas Industry and Its Risks

Key to designing an appropriate insurance program is understanding the industry, how it works, and the unique vocabulary that goes with it. identify the elements that make up the anatomy of a well and the techniques used to drill a well. Property and casualty risk, safety, insurance, and finance professionals

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Understanding the Oil and Gas Industry and Its Risks

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Considered being the biggest sector in the world in terms of dollar value, the oil and gas sector is a global powerhouse using hundreds of thousands of workers worldwide and generating hundreds of billions of dollars globally each year.

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