Oil and Gas
Oil and gas, often referred to collectively as "energy commodities," are vital natural resources that play a significant role in the global economy. Here's a general description of the oil and gas industry
Exploration and Production: The process begins with exploration to identify potential oil and gas reservoirs beneath the Earth's surface. This involves geological surveys, seismic imaging, and drilling test wells. If a viable deposit is discovered, production wells are drilled to extract the oil and gas.
Extraction and Refining: Once extracted, oil and gas undergo processing to remove impurities and separate them into various products. Oil refining typically involves distillation to produce fuels such as gasoline, diesel, and jet fuel, as well as other petroleum products like lubricants and asphalt. Gas processing separates natural gas into methane, propane, butane, and other hydrocarbons for use as fuel or feedstock in petrochemical production.
Transportation: Oil and gas are transported from production sites to refineries, distribution centers, and end-users through pipelines, tankers, trucks, and rail. Pipelines are a crucial mode of transportation for both oil and natural gas, allowing for efficient and cost-effective delivery over long distances.
Distribution and Marketing: Refined oil products are distributed to retail outlets such as gas stations, airports, and industrial consumers. Natural gas is distributed through pipelines to residential, commercial, and industrial customers for heating, electricity generation, and industrial processes.
Activities
