Hydrocarbons refer to a group of organic compounds which consist entirely of hydrogen and carbon. The oil and gas industry focuses on the discovery and recovery of a particular set of hydrocarbons from deposits in the earth. Hydrocarbons are refined and used as a combustible fuel source, or used in creating plastics, paraffin, waxes and solvents.
How it’s important to us
Our O&G clients are engaged in the finding and producing of hydrocarbons. Typically this will be referred to as “oil” and “gas” (hence the O&G). Petroleum refers to hydrocarbons extracted in liquid form, while natural gas (primarily methane) refers to those extracted in gaseous form.
First post in Entrance’s Word of the Day series!