Oil and natural gas are foremost industries in the energy market that play an influential role in the global economy
Exploration and production sector
Explore from onshore/offshore acreage that might contain oil or gas.
Part of petroleum industry that includes activities like drilling wells, trucking supplies, and mining oil sands.
Upstream, midstream, and downstream are three major sectors of oil and gas industry
Finding and producing crude oil and natural gas are related to the upstream sector
Midstream entails the transportation, storage, and processing of oil and gas.
The downstream sector involves oil refineries, petrochemical plants, etc.
Fuel oil and gasoline (petrol) are the primary refined outputs
Oil and Gas Industry spends trillions of dollars every year on exploration, development, and maintenance of assets.