Meanings of upstream assets in English

Saudi Arabia's upstream assets aren't diversified like other major international oil companies upstream assets are.

Its upstream assets span from the UK to Norway and Germany, Algeria, Egypt and Asia.

Reuters reported in February 2017 that Shell was seeking to sell its upstream assets in Denmark.

It said it would book the writedowns, most of them on upstream assets, in its second-quarter results.

It has been open about its preference for upstream assets where it sees greater scope for economies of scale.

Brightoil Petroleum Holdings Ltd 0933.HK is one such company that has been keen to buy upstream assets for years.

It is also hard to see how China is hedging against raw material costs by purchasing stakes in upstream assets.

Some fear the money-losing refinery is likely doomed as potential acquirers are more interested in Harvest's upstream assets in Alberta.

Mr Nasser insisted the miner's eye was trained on tier-1 upstream assets, which are classed as expendable and high quality.

This month, OMV won regulatory approval to buy Royal Dutch Shell's RDSa.L upstream assets in New Zealand for $578 million.

Coastal's business comprises a high-quality portfolio of upstream assets located in Southeast Asia, Cepsa Chief Executive Pedro Miro said in a statement.

Sinopec's deal with Addax, if completed, should help meet the Chinese giant's need for quality upstream assets to feed its refining business, analysts say.

Lukoil is trying to offset a production decline at its fields in Russia, where it faces competition from state-backed companies, by acquiring foreign upstream assets.