In the face of adversity, the oil and gas industry continues to play a pivotal role in global energy supply. From powering transportation to fueling industrial processes, oil and gas are essential resources. Let’s delve into key aspects of this dynamic sector.

The oil and gas industry encompasses exploration, extraction, refining, and distribution. Here are some vital statistics:

• Global Oil Production: In 2021, the world produced 4.2 billion metric tons of oil1.
• Daily Global Demand: The global demand for crude oil stands at 92.36 million barrels per day1.
• Cost Per Barrel: As of 2022, the cost of oil per barrel averages $79.801.
• Consumption Trends: Worldwide oil consumption decreased by 9.1% from 2019 to 2020

Resource Optimization

• Efficient Exploration: Leveraging advanced technologies for precise exploration and reservoir mapping.
• Sustainable Extraction: Balancing production with environmental conservation.
• Supply Chain Resilience: Ensuring uninterrupted supply despite geopolitical and logistical challenges.

The oil and gas industry remains resilient, adapting to adversity while ensuring efficient resource utilization.

How Acd America Corporation has helped improve the processes in this area?

ACD America Corporation has been a trusted provider of Control Valves, Regulators, and Fisher Spare Parts for various industries, including the oil and gas sector. The company has helped improve processes in the oil and gas production through its range of high-quality products and expert service.

Fisher, Bettis, Hytork, Topworx, and Datian ARC Valves are some of the brands that ACD America Corp. offers. These brands provide a wide range of products and services to help customers drive greater productivity, profitability, and growth with product offerings, inventory management, and deep expertise with more than 20 years working in process plants.

By leveraging these brands, ACD America Corporation has helped oil and gas companies optimize their processes, reduce downtime, and improve productivity. The company’s products and services have enabled efficient exploration, sustainable extraction, and supply chain resilience, ensuring uninterrupted supply despite geopolitical and logistical challenges

Explore our insights and join us in shaping the future of energy.