Diploma in Oil & Gas Fundamentals

This section provides a foundational understanding of the industry's core structure by breaking it down into the integrated value chain of Upstream, Midstream, and Downstream. We begin by exploring the immense role oil and gas play in our daily lives, from transportation fuels to the petrochemicals that create countless everyday products. The journey starts with Upstream, covering the entire lifecycle from exploration and appraisal to development, production, and finally, decommissioning. We then follow the resources to Midstream, focusing on the critical transportation and storage networks, including pipelines and LNG tankers. Finally, we arrive at Downstream, where refineries transform crude oil into valuable products like gasoline and plastics, which are then marketed and distributed to the world.

This segment zooms out to place the oil and gas industry within the broader global energy landscape. We examine the current energy mix, highlighting that despite the rapid growth of renewables, fossil fuels still supply about 80% of the world's primary energy, with oil, coal, and natural gas as the dominant sources. The discussion then focuses on the powerful, long-term demand drivers global GDP growth, population increase, transportation needs, and industrialization that ensure continued reliance on these resources. Particular emphasis is placed on the shifting geography of demand, with Asia identified as the central hub for future growth, and the strategic role of natural gas as a cleaner "bridge fuel.