Oil & Gas

Oil & Gas

Oil & Gas industry includes global processes of extraction, transportation and marketing of Oil and Gas. Nowadays Oil and Gas companies faces news challenges, such as the speed execution, increased cost and regulation compliance. All this challenges affect directly to the company’s profits and there is always new projects and new solutions to be developed. Engifield, with the experience in the field of Onshore & Offshore, pipes and pumps technologies, we will support you in your projects.

What are the different oil and gas sectors? 

The oil and gas industry can be broken down into three key areas: Upstream, midstream and downstream.

  • What is upstream? – The upstream component is also referred to as the 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.

It’s estimated that 30 billions barrels are consumed globally each year – primarily by developed nations. Oil also accounts for a significant percentage of energy consumption regionally from 32% for Europe and Asia, 40% for North America, 41% for Africa, 44% for South and 53% for the Middle East.

Contact with Engifield Engineering to get more information.

oil and gas energy plant