Oil and Gas

Oil and gas are natural resources that are critical components of the global energy supply. Oil, a liquid fossil fuel, is primarily composed of hydrocarbons and is extracted from underground reservoirs. It is used for fuel, heating, and the production of various petrochemicals that serve as raw materials for numerous consumer products, including plastics, pharmaceuticals, and fertilizers.Gas, often referred to as natural gas, is composed primarily of methane and is usually found in association with oil deposits or as standalone deposits. It is used mainly for heating, electricity generation, and as a cleaner alternative to coal and oil for fuel in vehicles and industrial processes.The oil and gas industry encompasses the exploration, extraction, refining, and distribution of these resources. This sector plays a significant role in economies worldwide, influencing energy policies, geopolitical dynamics, and environmental considerations due to its impact on climate change and sustainable development.