• Bramsen Morse posted an update 2 years, 1 month ago

    US based 3PL companies are corporations that engage in petroleum exploration, development and manufacturing. They are generally oil and gas companies operating from the US or Canada. They can be international oil companies, but many of them are actually US based corporations that have bases in either of these two countries. In most cases, they will have developed operations within the US, but also may have some operations throughout the world. They will explore for and produce petroleum products such as gasoline, natural gas and diesel, as well as in the production of chemicals and lubricants used in the transportation, processing and manufacture of energy.

    In contrast to most countries around the world, US corporations are not subjected to the same obligations as those countries’ governments and the regulation of the same. Corporations are not necessarily bound to follow the rules and regulations set forth by the US government. US corporations are also allowed to invest abroad. US based 3PL companies will therefore be able to expand their market share through investments in other countries. These investments are however subjected to the same risks that are faced by corporations anywhere. The US government may impose restrictions on foreign investments and may also deny them access to certain markets.

    Many of the oil exploration and production companies involved in the UK are based in the North Sea in the United Kingdom. They include Shell, Encana, Enron, rigs owned by Continental and Australia’s Royalty freehold drilling unit Woodford. The oil production company BP is another US based corporation that has its presence in the UK. It too has had its problems with oil spills and accidents, and its stock price has tumbled over the years.

    Offshore oil and gas is one of the major areas of growth for US companies. One of the main reasons for this is the current development and growth in the Middle East. Middle East countries such as Saudi Arabia, UAE, Qatar, Iraq, Iran and Burma are producing massive quantities of oil. These countries are also providing cheap labor and infrastructure to support these developments. US based oil companies involved in offshore oil and gas are therefore in a good position. The Middle East countries will also provide a good source of raw materials.

    Some of the oil companies based in the United Kingdom have significant experience in producing and processing natural gas. fulfillment include Penco, Cuesta, EDF and British Petroleum. They also have large scale production facilities that can meet the growing needs of the oil and gas industry. They have the capacity to produce large quantities of gas and the necessary equipment to do so.

    The companies involved in producing and processing oil offshore also have some experience in dealing with the regulatory requirements for accessing offshore oil and gas resources. They know from experience that the licensing systems of many of the offshore countries are quite different. They also have an understanding of the royalty systems and related payments involved. In order to comply with these strict European Union requirements the production and processing facilities need to be set up offshore. Only then can these facilities profit from the European Union.

    It has been a common misconception that only the larger oil companies can afford to set up oil rigs in the Middle East. In fact smaller ones also have their own rigs and operate in the margins. The smaller companies are in a better position to take advantage of the current oil boom in the Middle East and profit from it. They can do this by having better access to the best locations and by producing and processing the crude oil themselves.

    There are many advantages for the smaller companies. They are able to cope with the ever increasing demand for oil and can compete on price. If fulfillment choose to outsource some of their activities such as operating costs and ensuring regular maintenance on the rigs then this would save them money. They are able to maintain a consistent tight margin of profitability and increase their cash flow. If these advantages are harnessed the US based 3PL companies will surely emerge as the major players in the oil market in the years to come.