The oil and gas industry is highly lucrative and has many business opportunities. The industry is a high employer of labor and has both large and small companies. An oil and gas business is capital intensive and requires lots of licenses. Due to the volatile nature of some of the products they have strict safety and handling requirements. Sub sectors include oil services, consultation, liquefied gas, diesel production and manufacturing. We use the product to power our industries, generate electricity and maintain equipment. Investors interested in the oil and gas industry have lots of choices.
WHAT AND WHY OIL AND GAS BUSINESS?
The oil and gas industry includes the operation of exploration, extraction, refining, transporting, distribution and marketing petroleum products. Though the industry demands the large-scale operation, there are segments that offer oil and gas business ideas as the small and medium scale with comparatively low startup capital. In the oil and gas industry, success is largely dependent on understanding the entities of change and the frameworks in which these entities operate. Energy security and price instability are the most important energy issues that have been faced by regional economies. The oil and gas provide the world’s 7 billion people with 60 percent of their daily energy needs. The oil and gas business is clearly a multifaceted, global industry that impacts all aspects of our lives and industries.
The oil and gas industry is perhaps the most strictly regulated sector, yet; it remains probably the most profitable and risky. In fact, crude oil or petroleum and its derivatives are essential commodities that are consumed on daily basis. Despite the massive agitation for the adoption of alternative renewable energy resources, oil still remains the number one because 99.99% of all vehicles and machines use either PMS (Petrol) or AGO (Diesel). So the demand for petroleum products is not going anywhere in the nearest future because it will take decades before the concept of renewable energy will fully be accepted. Now running a business in the oil and gas is a very lucrative venture, many have become millionaires and few went on to become billionaires as oil and gas (Black Gold) merchants.
If you are looking for oil and gas business ideas or opportunities or if you are interested in starting a business in the oil and gas industry with a small investment, then this book is for you. We have listed 80 most profitable oil and gas business ideas for new entrepreneurs. Oil and gas as a business may sound big but in reality, there are lucrative small-scale investment opportunities in the oil and gas sector. No matter your kind of person or the size of your pocket if you look critically, you will still discover small scale oil and gas businesses that you can start. With thoughtful planning and market research, any individual can initiate a business in oil and gas industry that offers lucrative investment opportunities. Then read on as some business opportunities in the oil and gas sector you can start today with little or no money.