Downstream Pertaining to the latter stages of production and distribution processes. The company's downstream operations include refining oil and selling gasoline. 10 Upstream Related to the initial stages in a process, especially in production and supply chains. The company is investing more in its ...
Production activities include efficiently recovering the oil and gas in a producing filed using primary, secondary and tertiary, or enhanced oil recovery (also referred to as improved oil recovery). Upstream vs Downstream: What is Downstream? Processing, transporting and selling refined products made f...
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Pricing is essential for downstream operations. Therefore, it is vital to understand all of the factors that impact your price. Consider how upstream and downstream operations view the price of crude oil differently. For upstream operations, the price of crude oil represents income. Therefore, risin...
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What are the pros and cons of using each accounting method in upstream and downstream intra-entity transfers? What is the difference between LIFO and FIFO in accounting? What are the differences between net income and cash flow? What is the difference between the lifo method compared to the f...
Upstream and downstream oil and gas production refers to an oil or gas company's location in the supply chain. Companies in theoil and gas industryare defined as upstream, downstream, or midstream. Some companies are considered "integrated" because they combine the functions of...
Whether it is the downstream sector or the upstream sector of the Nigerian oil and gas industry that you want to examine, what you see is nothing but doom and gloom.Olusegun Adeniyi
Upstream is a term for the operations stages in the oil and gas industry that involve exploration and production. Oil and gas companies can generally be divided into three segments: upstream, midstream, and downstream. Upstream firms deal primarily with the exploration and initial production stages ...