Oil & Gas

Oil & Gas refers to the natural resources comprised primarily of crude oil and natural gas, which are extracted from the Earth and used as fuels and raw materials in various industries. Crude oil, a liquid fossil fuel, is refined to produce products such as gasoline, diesel, and other petrochemicals. Natural gas, a gaseous fossil fuel, is primarily composed of methane and is used for heating, electricity generation, and as an industrial feedstock. The oil and gas industry involves exploration, extraction, production, refining, and distribution, playing a critical role in the global economy and energy supply. This sector is also associated with environmental considerations, including climate change impacts and ecological disruptions resulting from extraction and consumption practices.