Mark Druskoff is based in Houston and covers midstream and upstream oil and gas.
FORBES: Energy MLPs acquire so they can borrow cheaply... and do more deals
The third biggest U.S. integrated oil company will separate its upstream oil-and-gas exploration and production division from its downstream refining division.
FORBES: ConocoPhillips To Split; Expect Upstream Consolidation To Follow
Sinopec plans to use the proceeds to acquire overseas upstream oil and gas assets now held by its parent company, China Petrochemical Corp.
WSJ: Sinopec Issues $3.5 Billion Bond, Asia's Biggest in a Decade
Before 2000, I spent 23 years in the upstream oil and gas industry, first at Texaco, and then 20 years in management and leadership at Samson Resources and Samson International, Ltd.
FORBES: Gregg Fairbrothers and Catalina Gorla - Ideas To Success - Archive
These include a widening of the franchise through promised local elections, the opening of the upstream oil sector to foreign firms, purging the state curriculum of incitement against non-Muslims, and recognising the Shia minority's rights.
Upstream activities include oil and natural gas exploration, field development and production.
The oil and gas upstream business can give potentially much higher returns than copper mining.
FORBES: Freeport McMoran's Earnings: China Recovery, Energy Foray In Focus
With lower demand, the prices for upstream products such as crude oil and natural gas have remained largely subdued over 2012, leading to lower price realization for Exxon.
FORBES: After Exxon's Ho-Hum Year Can Higher Oil Demand Could Lift Results?
Sinopec's chief said the company "urgently" needs to acquire upstream capacity, and current low oil prices offered a good time to buy assets.
On energy cooperation, there are already a number of American companies providing a range of upstream and downstream services in our oil and gas sector.
WHITEHOUSE: President Obama's Bilateral Meeting with His Majesty Sultan of Brunei | The White House
In 1996 Gandur made the salmon leap from the downstream activities of oil trading and marketing, which provide thin margins by moving huge volumes of other people's oil, into the upstream, which entails more risk and upfront investment but offers fatter returns. aog inked its first production-sharing contract with the oil minister of Ivory Coast to overhaul the abandoned offshore Espoir oilfield.
As oil and gas firms spend increasingly large parts of their budgets to explore and develop new sources of oil, gas and unconventional sources of hydrocarbons, upstream services firms like Halliburton are expected to reap the windfall as the exploration and production of oil become more challenging and technologically intensive.
Halliburton Company (NYSE: HAL) provides products and services to oil and gas firms in upstream exploration and production activities.
Rising oil prices have helped oil firms such as Exxon Mobil, BP and Saudi Aramco fund increased development of new oil finds which translates into higher revenues for upstream services firms such as Baker Hughes.
Upstream business was relatively solid, with U.S. net oil-equivalent production during the first two months of the quarter coming in close to its Q3 numbers: the company produced 660 million barrels of oil equivalent (mboed) through November.
FORBES: After A Stellar Q3, Chevron Warns Of Weak Q4 On Falling Margins
Russia is far happier sitting tight and pushing the idea that mothballing upstream investments will reduce volumes in order to put gas prices firmly back on oil indexed fundamentals.
High oil prices have helped Exxon Mobil maintain its double-digit growth in upstream revenue last quarter.
Crude oil prices have remained subdued throughout 2012, leading to lower price realization on upstream operations for Chevron.
FORBES: Can Recovering Demand Help Turn Things Around For Chevron?
In our view, their upstream performance continues to be solid, yet the market has not recognized this potential as oil prices have increased.
Now Reliance is going further upstream: it is building a massive new refinery in India, and it is exploring for oil.
Exxon has been consistently investing in upstream facilities over 2012, and key examples include the Kearl Initial Development Project for natural gas and offshore oil prospects such as the Phobos in the Gulf of Mexico.
FORBES: After Exxon's Ho-Hum Year Can Higher Oil Demand Could Lift Results?
Unlike its other Shah Deniz II partners, the British oil major has made it a personal mission to get the best possible terms they can from any upstream developments.
应用推荐