Oil And Gas Industry
When you fill up your car with gasoline or pay your natural gas heating bill, you are the final link in a long chain of businesses that make it possible for us to enjoy these clean, convenient and economical forms of energy. The entire chain is known as the petroleum industry. However, the industry is usually divided into three major components: upstream, midstream and downstream.
The upstream industry finds and produces crude oil and natural gas. The upstream is sometimes known as the exploration and production (E&P) sector.
The midstream industry processes, stores, markets and transports commodities such as crude oil, natural gas, natural gas liquids (NGLs, mainly ethane, propane and butane) and sulphur. The midstream provides the vital link between the far-flung petroleum producing areas and the population centres where most consumers are located.
The downstream industry includes oil refineries, petrochemical plants, petroleum products distributors, retail outlets and natural gas distribution companies. The downstream industry touches every province and territory-wherever consumers are located-and provides thousands of products such as gasoline, diesel, jet fuel, heating oil, asphalt, lubricants, synthetic rubber, plastics, fertilizers, antifreeze, pesticides, pharmaceuticals, natural gas and propane.