MSc Oil & Gas Innovation
University of Strathclyde
MSc Oil & Gas Innovation
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Choose a Master, an MS or an MBA in Oil and Gas Management and Trade
The sector of Oil and Gas Management and Trade
The oil and gas industries are the driving forces for some of the biggest and wealthiest economies in the world. Going into the management and trade of oil and gas can put potential students and workers in sectors like trade, risk management, engineering, and finance. There are also three different sectors of the oil and gas industry: upstream, midstream, and downstream. Upstream has to do with the exploration and production of oil and natural gas. The midstream sector is where the oil and gas is gathered, processed, refined, stored, and transported. Finally, downstream is where the oil is refined, and the natural gas is processed and purified for consumer products.
Follow a Masters/MS/MBA in Oil and Gas Management and Trade
The commercial side of the oil and natural gas industry focuses a lot on marketing and finance. Courses in this field involve specifically oil and gas marketing, refining and shipping, research methods, corporate finance, financial markets, contracting and regulating, trade, risk management, and sustainability. There are also a variety of science and engineering courses students can take, which can increase their chances of finding a job in the oil and gas industry. Scientific fields like chemistry and geology, and engineering fields like mechanical, civil, and electrical are sought-out skills by the oil and gas industry.
To work in the specialty’s sector
The sectors that apply to this area of study offers lots of jobs for a wide variety of engineers and technicians. Engineering specialties include, but are not limited to, civil, chemical, environmental, mining, mechanical, and petroleum engineers. Data analysts and accountants are also qualified with degrees in oil and gas management and trade. Other forms of commercial careers involve backgrounds in marketing, sales, business administration, and economics.
What about the area of this specialty in 2019?
After months of low oil prices, the sector has largely rebounded, and prices are continuing to rise again. However productivity of oil and natural gas is becoming less abundant than ever, and it is struggling to keep up with demand. Volatility in the market will start occurring more often due to the supply constraints. Portfolios have to be resilient, the sector needs to be more innovative, and productivity and capital efficiency must remain the foundation of operational procedures as an increase in problems regarding supply begin to pile up.
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