Oil and Gas Industry

The Oil and Gas Industry refers to the sector that explores, extracts, refines, and sells oil and natural gas products. It encompasses various activities related to the discovery of hydrocarbon resources, their production, and conversion into usable energy sources. This industry is divided into three main segments: upstream, which involves exploration and production; midstream, which focuses on the transportation and storage of oil and gas; and downstream, which includes refining and distributing petroleum products. The industry is vital for global energy supply, influencing economies, politics, and environmental considerations.