Remove Basin Remove Field Remove Refinery
article thumbnail

Upstream Midstream Downstream – What is the Difference?

Aresco

Assets: Upstream assets include oil and gas fields (land and mineral rights), drilling rigs, production platforms, and wells. Production increases in the Permian Basin, for example, are a challenge regarding the takeaway capacity of the existing pipeline infrastructure. This includes both onshore and offshore activities.

article thumbnail

AI in Oil and Gas – A Game-Changer for Efficiency and Profitability

Aresco

AI models analyze real-time data from drilling sites, pipelines, and refineries, adjusting operations to optimize production and efficiency. AI-powered systems can fine-tune extraction techniques, monitor pipeline integrity, and adjust refinery processes to maximize output while reducing the risk of inefficiencies.

Oil 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Nigeria Oil Industry Overview

Drillers

The country’s first field began producing in 1958 at a rate of 5,100 BPD. company has a 40-60 joint venture with the NNPC, which is the majority shareholder, and stakes in several offshore fields, including several deepwater blocks that have yet to be developed. The government has been fighting the illicit refineries for years.

Oil 52
article thumbnail

Oil & Gas in 2025: Which Basin Will Dominate U.S. Energy and What’s Behind the $105 Billion in Oil Deals?

Rextag

Now, as we step into 2025 , the industry faces critical questions : Which basins will see the most growth? oil & gas basins , the leading companies , and market trends using the latest data and forecasts. The Permian Basin remains the top destination for U.S. What are the key companies doing to stay competitive? MMBbl/d.

Basin 40