OIL & GAS INDUSTRY
The oil and gas industry is a major global sector focused on the exploration, extraction, refining, transport, and sale of petroleum products. It is a crucial part of the world economy, providing the fuel, energy, and raw materials used in numerous industries. The industry is divided into three key segments: Upstream (exploration and production), Midstream (transportation and storage) and Downstream (refining and distribution).
Upstream
The upstream sector refers to the first stage of the oil and gas industry. It encompasses all activities related to the exploration, drilling, and production of oil and natural gas. The sector is focused on finding and extracting raw materials from underground reserves. Overall, the upstream sector plays a critical role in supplying the global energy market with the necessary hydrocarbons for refining and processing into fuels and other products.
Midstream
The midstream sector refers to the petroleum industry that handles transportation, storage, and wholesale marketing of crude oil, natural gas, and refines products. It sits between the upstream and downstream sectors of the oil and gas value chain. The sector plays a crucial role in ensuring the efficient movement and supply of oil and gas from the production sites to the end-users.
Downstream
The downstream sector refers to the final stage of the oil and gas supply chain. It involves the processing, refining, marketing, and distribution of product derived from crude oil and natural gas. The sector is responsible for transforming raw hydrocarbons into useful products that can be consumed by end-users. In contrast, the upstream sector deals with exploration, drilling, and extraction of crude oil and natural gas, while the midstream sector focuses on transportation and storage. The downstream sector adds value by converting raw materials into products that are ready for consumption.
Merwede Valves is an important player in the international market for reliable valves and unique engineering projects. We have got a large portfolio of valves for each of the three key segments in the oil and gas industry. Merwede Valves offers innovative solutions and high quality valves.