The oil and gas industry explores for, produces, processes, transports, and refines hydrocarbons that fuel transportation, heat buildings, generate power, and serve as petrochemical feedstocks. This global industry requires vast infrastructure and specialized equipment to deliver energy products to markets.

Industry segments include upstream (exploration and production), midstream (gathering, processing, transmission, storage), and downstream (refining, distribution, marketing). Each segment requires different equipment types, all sharing needs for reliability, safety, and economic operation.

Equipment fabrication serves all industry segments: upstream wellhead and production equipment, midstream compression and processing facilities, downstream refinery pressure vessels and heat exchangers, and infrastructure including storage tanks and piping systems. Market cycles influence fabrication demand as commodity prices drive investment.

Industry trends affecting fabrication include operational efficiency emphasis driving equipment upgrades, environmental regulations requiring emissions control equipment, aging infrastructure creating replacement demand, unconventional resources requiring specialized equipment, and energy transition influencing equipment mix toward natural gas and renewable fuels.