10 Best Oil & Gas Business Ideas and Opportunities
Are you looking for an opportunity to get into the oil and gas business industry? Here we have 10 Best Oil & Gas Business Ideas and Opportunities that are worth trying.
|10 Best Oil & Gas Business Ideas and Opportunities|
1. Gas Station
The first oil and business idea that will be discussed is the gas station business. This kind of business can be conducted in various areas, either in a small town, or in a big city. However, in order to compete with the other gas stations around the area, you are suggested to combine it with other small businesses, like convenience stores, car cleaning, food marts, etc.
2. Filling Station
In the retail segment, a business idea that is considered as the most popular is a petrol pump business. This business is often called a filling station business. In line with the development of automobile industry, the filling station market also grows well. The population of automobile, which increases every year will result in the increase of fuel need. Therefore, if you can successfully choose a good location to run your filling station business, conduct a good and systematic marketing, and provide a good service to your customer, you will definitely become a successful enterpreneur in the field of oil and gas business.
3. Cooking Gas Distribution
Cooking gas here refers to the Liquid Petroleum Gas (LPG). Since LPG is very much needed for household cooking, the LPG distribution is considered to be one of the 10 best oil & gas business ideas and opportunities that you can do in almost any area of the country. Moreover, unlike gas station and filling station businesses, this business will only demand you a medium scale investment.
4. Kerosene Retailer
Some of the households do use LPG to fulfil their domestic needs, and some others choose to use kerosene. Therefore, besides LPG distribution, kerosene retailing ]of household is also a tempting business idea that worth trying. The fact that it is one of the cheapest and easiest business ideas that you can do becomes one of the advantages of running this business. However, before starting the business, it will be much better if you firstly check the potential of kerosene retailing in your local market.
You should realize that the industry of oil and gas is very vast. You do not have to open a gas station or filling station if you are not interested in managing the station you have. You can choose another alternative, like being a blogger. If you have sufficient knowledge and experiences regarding the natural energy issues, and you also have skill in writing, then starting a niche blog is a wise choice. You can even do this business at home with almost zero investment.
6. Petrochemical Refinery
What is meant by petrochemical refining here is the process of transforming natural gas and crude oil into some intermediate or even ready-used products. This business requires quite complex processing units and needs various facilities, as well. That is why, in running this business, you have to make sure that you have taken some aspects into consideration, such as the economic consideration, what the desired products are, and where the refinery location will be
7. Lubricant Oil Production
If you are interesting in running a production company, then this business may be suitable for you, Lubricant oil production is claimed to be one of the profitable businesses in the segment of oil and gas production, since lubricant oil is very essential and very much needed for any types of engines. Nowadays, the vehicle population has been constantly increasing. That is why, the demand of lubricant oil automatically increases as well.
8. Oil and Gas Exploration and Drilling
This business is very suitable for you who live in the area where a high volume of gas and natural oil is provided. This business is classified into the high profit margin business. However, in running the business, you have to make sure that your company has people who are able to do an analysis on a basin that might contain enough amount of hydrocarbon.
9. Oil and Gas Consultant
If you have so many experiences and expertise in the field of oil and gas business, but you are not interested in managing the energy productions, distributions, and marketing, then being a consultant may be the right choice. Your experiences and expertise will so much help you in running the oil and gas consulting business, where you can provide service in terms of consultation regarding the manufacturing/production and marketing segments.
10. Legal Services
This business is suitable for those who have sufficient knowledge in the field of law, who are specialized in the sector of oil and gas. These people are known as the oil and gas lawyers. Their main job is to provide legal service in the industry of oil and gas.
Those are 10 Best Oil & Gas Business Ideas and Opportunities that may meet your need and desire. Those opportunities are all worth trying and are all profitable, as long as you can manage them consistently and well.