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Upstream Midstream Downstream – What is the Difference?

Aresco

It involves locating, surveying, drilling, and extracting crude oil and natural gas from underground reservoirs. Key Processes: Exploration, reservoir analysis, drilling, well completion, and production. Assets: Upstream assets include oil and gas fields (land and mineral rights), drilling rigs, production platforms, and wells.

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Possible Change to Jones Act Interpretations Regarding Coastwise Activities

The Energy Law

Historically, the CBP (and its predecessor, the United States Customs Service) held that pipeline related equipment carried on a vessel and which was used in the activity in which the vessel was engaged ( i.e., used “on or from” the vessel) constituted “vessel equipment” rather than “merchandise”.