The oil and gas industry comprise two parts:
The exploration and production sector of the industry
The sector which deals with refining and processing of crude oil and gas products, their distribution and marketing. With today’s global demand for energy steadily increasing, the ability to transport produced hydrocarbons has always been an important key factor in the successful development of an oil or natural gas field, both onshore and offshore. With the design and implementation of VLCC, ULCC, FPSO, FSRU, and FSO, offshore exploration, production and transportation are cost effective.