Images from top, left to right: Railroad in Yulee, Robert M. Foster Justice Center, Yulee High School, Tributary of the Nassau River. Yulee is a census-designated place (CDP) in Nassau County, Florida, United States. The population is currently 12,702 as of July 2016. Yulee is part of the Jacksonville metropolitan area, which was home to 1,449,481 people in 2015.
Along the way there are quite a few integral steps. The upstream part of the industry involves the first phase of finding and drilling oil, the midstream phase involves shipping and storing the oil, and the downstream phase involves refining and distributing the processed oil-based products.
The entire chain is known as the petroleum industry. However, the industry is usually divided into three major components: upstream, midstream and downstream. The upstream industry finds and produces crude oil and natural gas. The upstream is sometimes known as the exploration and production (E&P) sector. Because Alberta accounts for more than 80 per cent of Canadaâs oil and gas production, many upstream businesses are based in Alberta and most have their head offices in Calgary.