What are the oil majors?

What are the oil majors?

In the maritime industry, a group of six companies that control the chartering of the majority of oil tankers worldwide are together referred to as “Oil Majors”. These are: Royal Dutch Shell, BP, ExxonMobil, Chevron, TotalEnergies and ConocoPhillips.

What are independent oil and gas companies?

What are independent oil and gas companies? An independent oil and gas company is basically an entity that only explores for and produces oil and gas. It typically doesn’t own refining, processing, or marketing assets to prepare that oil and gas and then sell the product directly to end users.

What is an independent E&P?

Independent Companies. An independent oil and gas company is one that is not integrated and focuses on only one segment of the oil and gas industry. With vertically integrated operations, an integrated oil and gas company is in direct contact with the energy end market and may gain certain market intelligence.

What are the major operations coming under the upstream process in the oil and gas industry?

The upstream segment of the oil and gas industry contains exploration activities, which include creating geological surveys and obtaining land rights, and production activities, which include onshore and offshore drilling. Crude oil is categorized using two qualities: Density and sulfur content.

What makes an oil company a major?

The “majors” are a group of multinational oil companies given the moniker due to their size, age or market position. The majors are typically “integrated” companies, with divisions in exploration, production, marketing, refining, transportation and distribution.

What are oil and gas companies?

Many of them are well known, Exxon (U.S.), Chevron (U.S.), Saudi Aramco (Saudi Arabia), Gazprom (Russia), China National Petroleum Corporation (China), Equinor (formerly Statoil of Norway), TOTAL (France), and ENI (Italy). …

What is upstream and downstream in oil and gas?

The terms upstream and downstream oil and gas production refer to an oil or gas company’s location in the supply chain. Upstream oil and gas production is conducted by companies who identify, extract, or produce raw materials. Downstream oil and gas production companies are closer to the end user or consumer.

What is production in oil and gas?

Production is the process of extracting the hydrocarbons and separating the mixture of liquid hydrocarbons, gas, water, and solids, removing the constituents that are non-saleable, and selling the liquid hydrocarbons and gas. Production sites often handle crude oil from more than one well.

What is the difference between upstream and downstream processing?

Upstream refers to the material inputs needed for production, while downstream is the opposite end, where products get produced and distributed.