[VIDEO] Oil & Gas 101: Explaining Upstream, Midstream, Downstream & Services
- Midstream (Sometimes included in Downstream)
The collection and transportation of crude oil and natural gas & refined products
The manufacturing, selling and distribution of natural gas products derived from crude oil
Companies that provide services to the oil and gas companies, but do not produce petroleum or petroleum products themselves
Mark also explains Supermajors / Combined – those companies that operate upstream, midstream and downstream.
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And using the Gulf of Mexico as an example, he illustrates the full process of oil recovery, transportation, manufacturing and selling of oil and gas in the US from the auctioning of the land through to the product being sold to the consumer and all the steps along the way.
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