Oil and natural gas remain the world's leading fuels, accounting for nearly 60% of global energy consumption
Oil and natural gas have been the world’s primary sources of energy for decades. They have enabled advances in all sectors of the economy, from residential lighting and heating to transportation and industrial manufacturing. The use of these fuels are also the main source of greenhouse gases. The oil and gas industry is commonly divided into three major operational sectors: upstream, midstream and downstream. The upstream sector is where reserves of crude oil and natural gas are explored and extracted, while midstream focuses on transporting and storing the extracted products. The oil and natural gas then reach downstream processing facilities where they are refined, distributed and sold to the end customer. You can further explore the three sectors by clicking the links below:
A list of the latest news and articles on oil and gas developments can be found below.