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New investments in the oil and gas (O&G) upstream sector have greatly declined in the last couple of years but the downstream industry nonetheless maintained its production. The decline was mainly caused by global factors related to shale gas, environmental restrictions, and the Chinese economy, combined with decisions taken by OPEC countries and Russia. While the upstream sector lessened, lower crude oil prices were beneficial to its consumers downstream. Consequently, investment has been sustained in refineries and the petrochemical, chemicals, and mining sectors, presenting a potential area for the application of reliability studies.
Judul Asli
Application of Reliability Studies in the O&G Downstream Sector
New investments in the oil and gas (O&G) upstream sector have greatly declined in the last couple of years but the downstream industry nonetheless maintained its production. The decline was mainly caused by global factors related to shale gas, environmental restrictions, and the Chinese economy, combined with decisions taken by OPEC countries and Russia. While the upstream sector lessened, lower crude oil prices were beneficial to its consumers downstream. Consequently, investment has been sustained in refineries and the petrochemical, chemicals, and mining sectors, presenting a potential area for the application of reliability studies.
New investments in the oil and gas (O&G) upstream sector have greatly declined in the last couple of years but the downstream industry nonetheless maintained its production. The decline was mainly caused by global factors related to shale gas, environmental restrictions, and the Chinese economy, combined with decisions taken by OPEC countries and Russia. While the upstream sector lessened, lower crude oil prices were beneficial to its consumers downstream. Consequently, investment has been sustained in refineries and the petrochemical, chemicals, and mining sectors, presenting a potential area for the application of reliability studies.
journal
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