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Industry Showcase: Oil & Gas
Welcome to a new monthly blog called the “Industry Showcase”. In this series we will be looking at the industries EWFM work in and what we, as a company, can supply to them. Within the showcase we will dig deep into the facts and figures behind the industries and then move onto the individual EWFM products suitable for that industry. To start off the showcase, we will be looking at the Oil and Gas Industry.
About the Oil and Gas Industry:
Oil has been in use for over 5,000 years. The oils that we use such as LPG, kerosene, jet fuel and car oils are all made from crude oil. It is said that crude oil is created using organic materials from animals and plants. During their periods of life, their bodies absorb carbon molecules, which after they die, become buried in the ground, and then turn into kerogen. The process of catagenesis will turn kerogen into hydrocarbons before eventually becoming crude oil. The world’s largest oil field can be found in Saudi Arabia which produces up to 5 billion oil barrels each day.
The oil will then be extracted from the ground and sent to oil refineries which will convert it into various oil products. It is estimated worldwide that there is around 700 refineries in operation. Once the oils have been created, they will then be shipped to storage terminals where the oil will sit until it is needed to be distributed.
Out of all the companies in the world, the USA consumes the most with around 19 million barrels each day, while the UK uses around 1.5 million. According to IBIS World, the global oil and gas industry will be worth around $4.3 trillion.
What EWFM do for the Industry:
As you can imagine from the facts and figures above, the oil and gas industry is worth a lot of money, and to generate the high quality of oil, high quality products are needed for the product process. That’s where EWFM come in. Ultimately, apart from our Aviation product range, all our other products can be used in some way in the oil and gas industry.
- Swivel Joints
- Loading & Unloading Arms
- Floating Suction Units
- Tank Seals
- Couplings
- Breakaway Couplings
- Access Systems
- Filling & Emptying Equipment
For more information on the products above, head over to their respective pages on our website. If you work in the oil and gas industry and believe any of our products could be of use, then please get in contact. Our sales team are highly trained to give you their expertise’s and solutions on your projects.
For more information on Industry Showcase: Oil & Gas talk to EWFM