Oil and gas supply chain - Glossary

The oil and gas supply chain is a complex and fascinating journey that begins with exploration and spans all the way to delivering energy to our homes and businesses. This interconnected process covers everything from discovering oil reserves drilling extracting crude oil and natural gas to refining them into usable products like gasoline and heating oil. Then it involves the transportation of these products via pipelines ships or trucks to distribution centers and finally to the consumer. One real-world example of this intricate supply chain is how crude oil extracted from the North Sea is processed into jet fuel at European refineries and then distributed to airports across the continent. This supply chain is crucial in ensuring the stable flow of energy that fuels modern life and drives economic activities globally.