Sep 25, 2024 · The oil and gas industry is broken down into three segments: upstream, midstream, and downstream. Upstream, or exploration and production (E&P) companies, find reservoirs and drill oil...

Despite these uncertainties, the oil and gas industry’s capital discipline, increasing customer centricity, and investments in new technologies are poised to drive a robust 2025. The following five trends are expected to play a significant role: 1. The Permian Basin: Repositioning for growth.

Dec 30, 2024 · In this introduction to the oil and gas industry, we provide a snapshot of the petroleum sector. What are the different oil and gas sectors? The energy sector has three key areas: Upstream, midstream, and downstream. What is upstream? - Upstream is E&P (exploration and exploration).

Aug 11, 2022 · In recent years, the United States has reclaimed its position as the world’s largest producer of oil and gas. But the price of oil is still determined by global consumer demand and the output of...

In 2022, the oil and gas industry contributed $3.3 trillion to GDP and supported more than 80 million jobs worldwide. It helps drive the global economy, supporting 102.2 million barrels of daily oil consumption in 2023, with demand projected to exceed 120 million b/d by 2050. This economic reach, fueled by population growth and urbanization ...

Explore the investment choices and strategies of global upstream oil & gas producers amid high oil prices and sustained financial discipline.

Jan 3, 2025 · As we step into 2025, the global oil and gas industry stands at a crossroads. With new projects coming online, groundbreaking technologies gaining traction, and geopolitical shifts shaping energy markets, this year promises transformative changes.

Dec 31, 2024 · They describe and analyze the global oil and gas industry, focusing on its strategic, financial, and business aspects and addressing a wide range of topics organized around the oil and gas industry value chain, starting with exploration and …

Dec 6, 2024 · What Does The Oil and Gas Industry Do? The oil and gas industry encompasses various stages of the process. They search for these resources beneath the Earth’s surface, drill wells to access them, and then process them into products like gasoline, diesel, and jet fuel.

Our 2023 oil and gas industry outlook explores five trends—from M&A activity to fuel retailing—that will shape the industry over the next 12 months.