Remove Downstream Remove Oil Remove Transportation
article thumbnail

Upstream Midstream Downstream – What is the Difference?

Aresco

Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. Each sector has distinct activities and focuses on specific aspects of the overall oil and gas supply chain. What is oil and gas upstream midstream downstream?

article thumbnail

Investment Opportunities in the Oil and Gas Sector

Nestoil

The oil and gas sector has long been a cornerstone of the global economy, providing energy, raw materials, and substantial economic contributions. For investors, this sector offers diverse opportunities, ranging from upstream exploration to downstream refining and distribution.

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

Texas Supreme Court Holds that Add-Back Provision in Oil and Gas Lease Required Royalties to be Paid on Prices in Excess of the Producers’ Gross Proceeds

The Energy Law

The lessees owned working interests in certain oil and gas leases that were executed in 2007. Mewbourne Oil Co.”, Sheppard , — S.W.3d 20-0904, 2023 WL 2438927 (Tex. The leases contained the following royalty provisions: 3. NationsBank”, 939 S.W.2d 2d 118 (Tex. 1996) and “Judice v. 2d [133,] 135-36 (Tex.

Royalty 98
article thumbnail

Bank of Ghana to gradually phase out Gold for Oil policy

Reporting Oil and Gas

The Bank of Ghana (BoG) has announced that it will gradually phase out the Gold for Oil policy, implemented in February 2023 to stabilize fuel prices. The Gold for Oil policy was a crisis management policy. The Central Bank believes that the programme has achieved its purpose and is no longer necessary.

Oil 52
article thumbnail

Nigeria Oil Industry Overview

Drillers

The Oil Industry of Nigeria If anyone asks Chevron or Shell, for example, how they feel about Nigeria, the response would probably be that they were tired of problems, at least if they were honest. History of oil in Nigeria Oil was first discovered in Nigeria in the mid-1950s after decades of fruitless exploration.

Oil 52
article thumbnail

The Importance of Field Gas Conditioners and JT Skids in the Oil and Gas Industry

Pro-Gas Services

Oil and gas is a complex landscape of processes, each playing a crucial role in ensuring the safe and efficient delivery of energy resources to homes and businesses worldwide. These compact, powerful systems act as unsung heroes, diligently working behind the scenes to ensure natural gas is primed for transportation and further processing.

Field 52
article thumbnail

New Developments in Shocking Case Before the Texas Supreme Court Regarding Construction of Novel Oil & Gas Royalty Term

The Energy Law

concerning a novel royalty term that may have a huge impact on the way oil and gas royalties are paid in the future. On May 28, 2021, the Texas Oil & Gas Association, the oldest and largest oil and natural gas trade association in the state, submitted an amicus brief to the Texas Supreme Court. Sheppard, et. 22, 2020, pet.

Royalty 59