Upstream: Oil and gas companies can generally be divided into three segments: upstream, midstream and downstream. Upstream firms deal primarily with the exploration and initial production stages The difference between upstream and downstream in a river is how the water flows. When you walk along the river and follow the current, you are going downstream. When you go against the current The oil and gas industry is usually divided into three major sectors: upstream, midstream, and downstream. The downstream sector is the refining of petroleum crude oil and the processing and purifying of raw natural gas, as well as the marketing and distribution of products derived from crude oil and natural gas. These firms are often called exploration and production companies. Refiners represent the downstream element of the oil and gas supply chain. Upstream. Upstream oil and gas operations, sometimes known as the exploration and production sector, identify deposits, drill wells and recover raw materials from underground. The oil and gas industry comprises of three sectors, i.e., upstream sector, midstream sector and downstream sector. Some professionals neglect the midstream sector and consider all the midstream activities such as refining of crude oil and processing of natural gas under downstream sector only. The oil and gas industry is usually divided into three major sectors: upstream (or exploration and production- E&P), midstream and downstream. The upstream sector includes searching for potential underground or underwater crude oil and natural gas fields, drilling exploratory wells, and subsequently drilling and operating the wells that recover and bring the crude oil or raw natural gas to the
11 Apr 2018 Based on the different types of downstream activities, some examples of companies involved in the downstream sector are oil refineries, natural 23 Sep 2017 SRM SPM in Oil & Gas Industry - Upstream Downstream Midstream Oil and gas operations identify deposits, drill wells, and recover raw materials from The below table helps distinguish between the relevant sectors.
the operation of the upstream and midstream infrastructure necessary to deliver gas to market. Our Downstream organisation also manages oil sands activities. technology capability for our Integrated Gas, Upstream and Downstream activities. It is also responsible for providing functional leadership across Shell in the
Upstream vs. Downstream Oil and Gas Operations. When you think of the oil and gas industry, do you picture companies that search for deposits, drill wells, and pull these resources from the ground? These companies all fall under the category of “upstream” oil and gas. Industry professionals also refer to these as Exploration and Production
The future is now: How oil and gas companies can decarbonize The industry's operations account for 9 percent of all human-made greenhouse-gas (GHG) emissions. In the five markets examined by the Global Sustainable Investment asset mix (offshore versus onshore, gas versus oil, upstream versus downstream), 21 Jun 2018 Two of the world's top ten oil and gas companies are based in China, with China Sinopec emerged fifth in the 2018 Most Valuable Chinese Brands List, was primarily driven by its upstream and downstream activities.