The industry is often divided into three segments:

  • upstream, the business of oil and gas exploration and production;
  • midstream, transportation and storage; and.
  • downstream, which includes refining and marketing.

What is E&P in oil and gas?

An exploration & production (E&P) company is in a specific sector within the oil and gas industry. Exploration and production is the early stage of energy production, which includes searching and extracting oil and gas. An E&P company finds and extracts the raw materials used in the energy business.

What is API in oil and gas industry?

API gravity is a commonly used index of the density of a crude oil or refined products. API stands for the American Petroleum Institute, which is the industry organization that created this measure.

What is difference between downstream and upstream?

As a business owner or operations manager responsible for production, understanding the supply chain is essential to the success of your business. Upstream refers to the material inputs needed for production, while downstream is the opposite end, where products get produced and distributed.

What sector is oil and gas industry in?

The downstream sector is the sector with which the average consumer is most familiar. This sector refines crude petroleum and oil and processes and purifies natural gas for consumer products. Gasoline, jet fuel, asphalt, natural gas and much more are all products we use every day that come from the downstream sector.

Is Exxon upstream or downstream?

Exxon Mobil Corp (NYSE:XOM) The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products.

What are apiapi’s informational primers?

API has assembled informational primers to show the integral role the oil and natural gas industry plays in the American economy and quality of life.

What is the oil & gas industry?

The oil & gas industry, also known as the energy sector, relates to the process of exploration, development, refinement of crude oil and natural gas. It is possible to invest in this industry directly and indirectly.

Why choose oil and natural gas?

Learn more about the benefits and products that come from oil and natural gas and how they touch all our lives in amazing ways. The natural gas and oil industry is unified in our commitment to accelerating safety and environmental progress across its operations, while meeting global demand for affordable, reliable and cleaner energy.