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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 ...
E&P – exploration and production, another name for the upstream sector EA – exploration asset EAGE – European Association of Geoscientists and Engineers [ 11 ]
Oilfield terminology refers to the jargon used by those working in fields within and related to the upstream segment of the petroleum industry. It includes words and phrases describing professions, equipment, and procedures specific to the industry. It may also include slang terms used by oilfield workers to describe the same.
For Upstream, Shell raised production guidance to 1,740 – 1,840 thousand boe/d earlier (from 1,580 – 1,780 thousand boe/d earlier), with shares of profit / (loss) of joint ventures and ...
However, it is more accurate to divide the oil industry into three sectors: upstream (crude oil production from wells and separation of water from oil), midstream (pipeline and tanker transport of crude oil) and downstream (refining of crude oil to products, marketing of refined products, and transportation to oil stations).
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 ...
Joe Camberato, CEO of NationalBusinessCapital.com, believes the Trump administration’s move to deregulate the energy sector and increase oil and gas production in the U.S. will “ease energy ...
The following is a list of notable companies in the petroleum industry that are engaged in petroleum exploration and production. The list is in alphabetical order by continent and then by country. This list does not include companies only involved in refining and marketing.