OIL AND GAS

Considered being the biggest sector in the world in terms of dollar value, the oil and gas sector is a global powerhouse using hundreds of thousands of workers worldwide and generating hundreds of billions of dollars globally each year. In regions which house the major NOCs, these oil and gas companies are so vital they often contribute a significant amount towards national GDP.

The energy sector has three key areas: Upstream, midstream and downstream. What is upstream? - Upstream is E&P (exploration and exploration). This involves the search for underwater and underground natural gas fields or crude oil fields and the drilling of exploration wells and drilling into established wells to recover oil and gas.

What is midstream? - Midstream entails the transportation, storage, and processing of oil and gas. Once resources are recovered, it has to be transported to a refinery, which is often in a completely different geographic region compared to the oil and gas reserves.  Transportation can include anything from tanker ships to pipelines and trucking fleets. 
What is downstream? - Downstream refers to the filtering of the raw materials obtained during the upstream phase. This means refining crude oil and purifying natural gas. The marketing and commercial distribution of these products to consumers and end users in a number of forms including natural gas, diesel oil, petrol, gasoline, lubricants, kerosene, jet fuel, asphalt, heating oil, LPG (liquefied petroleum gas) as well as a number of other types of petrochemicals.

Capitalventurefinance is one of the largest online portals dedicated to producing in-depth, value-adding content to the global oil and energy community. Our audience is comprised of senior-level energy leaders who are looking for expertise and solutions for issues that their organizations face – from how to improve asset productivity to how to improve safety to how to leverage artificial intelligence.