About the Oil & Gas Midstream and Downstream training

At the start of the 20th century, oil refineries focused on producing kerosene for heating and lighting. Gasoline was seen as a useless by-product and was simply burned off. Automotive pioneers like Benz and Ford saw an opportunity: using this gasoline as fuel.

Today, things have flipped. Gasoline gets all the love (nearly 50% of crude oil becomes gasoline), and kerosene, the former star, has fallen way out of favor (less than 1% of crude oil now becomes kerosene).

The industry that turns raw crude into whichever end products the world demands? This brings us to the Midstream and Downstream segments of Oil & Gas, which handle the transportation, storage, refining, and sale of these various products.

This Primer will explore the journey of hydrocarbons from after extraction to their many end uses, delving into the processes, economics, and industry players that drive this critical global sector.

Note: This Midstream and Downstream Primer is a follow-on to our foundational Oil & Gas Primer (think 201-level vs.101-level). We highly suggest you begin with the Oil & Gas Primer, as the content in this Primer builds from there.

Learning objectives

In this Primer, you will learn:

· What different products can crude oil and natural gas be used to create?

· What are the key activities along the value chain?

· What types of companies are involved?

· What goes into processing and refining?

· When are pipelines used? And when are ships, trains, and trucks used?

· What drives the cost of the end products?