Search results
Results From The WOW.Com Content Network
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 ...
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.
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 ...
Upstream is the part of BP's business comprising its McKay, currently chairman and president of BP America, will take up his new post on Jan. 1. BP Names New Head of Upstream Division
MLWN – mean low water neaps; MLWS – mean low water springs; mm – millimetre (SI unit) MM – prefix designating a number in millions (thousand-thousand) MMbod – million barrels of oil per day; MMboe – million barrels of oil equivalent; MMboed – million barrels of oil equivalent per day; MMbpd – million barrels per day
A virtual sustainability event held by Sourcing Journal sowed a new fashion business model with more shared value upstream, data and social impact.
The upstream oil sector is also commonly known as the "exploration and production" sector. [99] Downstream operations, which now also includes the chemicals business, generate the majority of Shell's profits worldwide and is known for its global network of more than 40,000 petrol stations and its various oil refineries.
The business was focused on aromatics and acetyls. It had interests in 14 plants in Asia, Europe and the U.S., and achieved production of 9.7 million metric tons in 2019. [161] On 30 June 2020, BP sold all its Alaska upstream operations and interests, including interests in Prudhoe Bay Oil Field, to Hilcorp for $5.6 billion.