Companies in Energy Sector
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In the energy sector, you have a lot of career opportunities. Following are the different types of companies which are related to the energy sector:
Oil companies:
Oil companies deal in the discovery and production of oil, oil refining and transportation, petroleum product wholesale as well as retail distribution. The big oil firms are involved in the entire business operations from exploration to outlets. While the smaller oil companies are interested in exploration and production.
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Oil services companies:
Oil services companies offer extensive outsourced functional support to oil companies. These companies own and lease oil, perform seismic testing, and transport the equipments. The fate of these companies depend heavily on oil prices. When oil prices are on the higher side, they make a lot of money as business volume and revenue increase.
Pipeline operators:
Pipeline operating companies are responsible for managing thousands of miles of petroleum products and natural gas pipelines. Other companies also manage oil intake terminals, operate petroleum refineries, involve in commodities trading and energy marketing, and own natural gas storage facilities.
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Utilities:
Utilities is the term generally used for gas utilities as well as all types of power generation companies. Utilities companies may be government-owned, individually-owned, municipal power firms, rural electric co-ops and independent power producers. However, these utilities have different lines of business.
Transmission grid operators:
Transmission grid operators offer a power generation distribution to the local electricity market. They are also known as Regional Transmission Operators (RTO) or Independent System Operators (ISO). Transmissions grid operators manage the generation of electricity so that the demand and supply, match at each moment. It is a complicated process and requires an electrical engineer with quantitative and analytical skills.
Equipment manufacturers:
Equipment manufacturers produce various equipments used in the energy field including boilers, turbines, pumps, pollution control devices, compressors, well drilling and pipeline construction equipment, software control systems, and industrial batteries. They also offer engineering services as well as the installation of the equipments.
Other companies related to the energy field include investment funds, banks, consulting firms and non profit groups. Investment funds are a varied bunch of private equity funds, mutual funds and hedge funds. Investment funds firms hire stock analysts to track value and stocks of a particular sector. Banks are engaged in providing loans to companies. Banks also have their own trading operations, investment analysis groups and private wealth management groups. Consulting firms on business issues are classified in three types: management consulting, economic consulting and risk consulting groups. Non profit groups are tax-exempted firms involved in the matter of advocacy or public interest research.
