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The oil and gas industry is usually divided into three major sectors: upstream (also called exploration and production or E&P), midstream and downstream. [1] [2] The upstream sector includes searching for potential underground or underwater crude oil and natural gas fields, drilling exploratory wells, and subsequently operating the wells that recover and bring the crude oil or raw natural gas ...
Upstream regards exploration and extraction of crude oil, midstream encompasses transportation and storage of crude, and downstream concerns refining crude oil into various end products. Petroleum is vital to many industries, and is necessary for the maintenance of industrial civilization in its current configuration, making it a critical ...
Myanma Oil and Gas Enterprise Myanmar: CNOOC China: China National Petroleum Corporation: CITIC Resources: Geo-Jade Petroleum: Shaanxi Yanchang Petroleum: Sinochem: China Petrochemical Corporation: Southernpec: The Hong Kong and China Gas Company: United Energy Group: Indian Oil Corporation Limited India: Oil and Natural Gas Corporation: Oil ...
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Originally called the E&P Forum (for oil and gas exploration and production), [2] in 1999 the current name was adopted. Most of the world’s leading publicly traded, private and state-owned oil & gas companies, oil & gas associations and major upstream service companies are members. The IOGP claims its members produce 40% of the world’s oil ...
ISO/TC 67 is responsible for developing and maintaining international standards in the worldwide upstream, midstream and downstream oil and gas industry and related lower carbon energy activities. Its role encompasses the harmonisation of standards for facilities, equipment and operations used for drilling, production, pipeline transport and ...
OPEC+ faces a major oil oversupply in 2025, challenging production increases. The coalition has tried to boost oil prices by holding back output. Instead, members are ceding control to non-OPEC ...
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