Remove Midstream Remove Offshore Remove Pipeline
article thumbnail

Upstream Midstream Downstream – What is the Difference?

Aresco

Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. What is oil and gas upstream midstream downstream? Midstream activities involve the transportation, storage, and wholesale marketing of oil and gas.

article thumbnail

Christmas Eve Edition: 2024 Oil and Gas Results – Top Deals and a Bonus to End the Year

Rextag

billion Date: October 13, 2024 This deal expanded Sunocos midstream operations by adding NuStars 3,500 miles of pipelines and 60 million barrels of storage capacity across North America. Positioned Sunoco as a midstream infrastructure leader, crucial for energy logistics. Sunocos Acquisition of NuStar Energy Value: $7.3

Oil 52
article thumbnail

Happy Halloween! ExxonMobil, BP, Shell, and More Face Tricks and Treats in a Spooky Q3 Earnings Season

Rextag

decline in revenue, CNOOCs strong output, especially from offshore China and the Payara project in Guyana, helped keep profits on a high note. Phillips 66: Chemical and Midstream Magic Phillips 66 surprised investors with a Q3 profit beat, driven by strength in its chemicals and midstream segments.

Oil 40