The separation of control of the upstream and downstream sectors of the oil supply chain has influenced the oil pricing mechanism, which corporate entities and countries extract most value from produced oil, and which nations have benefited most from investment, infrastructure development, and employment.
Since South Africa’s leap into democracy in 1994, the country has entered the age of globalization and the local players were suddenly exposed to the challenges and opportunities that the oil and gas industry is facing worldwide.
A lawsuit is pending before the Texas Supreme Court that could determine whether a tort cause of action exists under Texas law for subsurface trespass through hydraulic fracturing.
RigNet Inc., a global provider of managed communication services for the upstream oil and gas industry, and LandTel Communications, a US supplier of land, coastal, and offshore oilfield communications have merged.
