Definition Energy sector includes companies related to the production and supply of energy, also it covers the companies that explore, produce, refine, market, store, and transport oil and gas, coal, and other consumable fuels. Companies producing and selling oil and gas equipment are also considered part of the energy sector. Video on the Subject https://youtu.be/lNQfZajapkA Major Drivers of the Sector There are various factors which drives the whole sector. Few of the major drivers of this sector areEconomic activity levelWeather and SeasonsGovernment regulations and organization policies,Changing environmental policies Various Types of Energy There are few types of Energy , all these types are really adding value into the various economics globally. Lets look at the basic types i.e. Renewable & Non-renewable energy.Non-renewable energy includesoil and petroleum productsgasolinenatural gasdiesel fuelnuclearRenewable energy includeshydropowersolar powerwind power Major Energy Consumers Look at the various Energy Consumers & four major energy-consuming sectors are industry, household, transport, and agriculture. Means, nearly every section of our life is connected with this sector and cant survive without energy which really makes it valuable sector. Capital Expenditures Energy businesses incur huge capital expenditures the major reasons behind these expenditures are :They have to own large amounts of assets which includeLand for oil reservesPlants and equipment for crude oil and raw natural gas processingInfrastructure or transportation.Substantial spending on research and development (R&D) to update technology.Adapt to the changing environmental policies.Dont miss the Similar article on What is Oil and Gas Sector.
