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The oil and gas sector plays a vital role in powering the global economy, supporting key industries such as transport, energy production and manufacturing.

Oil & Gas

Oil & Gas

Overview

The oil and gas sector plays a vital role in powering the global economy, supporting key industries such as transport, energy production and manufacturing...

Heating oil and gasoline are the largest volume outputs of the oil and gas sector. Petroleum is also the main raw material for various chemical products, including pharmaceuticals, fertilisers, solvents and plastics. 

This makes oil indispensable across all industries, forming a critical component of the industrial base of many nations and driving economic growth.

The oil and gas sector plays a vital role in driving the global economy, supporting key industries such as transport, power generation and manufacturing...

The oil and gas industry comprises three main segments: upstream (exploration and production), midstream (transport to refineries) and downstream (refining and sale of products such as petrol). Bearings play a critical role in increasing mean time between failures (MTBF), minimising downtime and reducing productivity losses. Due to the sensitivity of the machinery components in this sector, reliable and high performing bearings are essential to maintain operational efficiency and reduce disruption.

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