Digital Twin (DT) technology has rapidly matured from pilot projects to integral components of advanced asset management and process optimization in the oil and gas (O&G) industry. This review provides a structured synthesis of the current state of digital twin frameworks, with a focus on offshore and topside gas-processing systems, such as those found on Floating Production Storage and Offloading (FPSO). Emphasis is placed on high-fidelity process simulations and scalable architectures integrating real-time data with advanced analytics. Drawing on over 85 peer-reviewed sources and industrial frameworks, the paper outlines modular DT architectures, encompassing steady-state and dynamic process simulations (e.g., Aspen HYSYS), reduced-order and hybrid machine learning models, co-simulation environments, and advanced equation-of-state packages (e.g., GERG-2008). Special attention is given to compressor map integration, Equations of State (EOS) selection, ISO/IEC standard compliance, and digital thread continuity. Additionally, the review explores economic and sustainability-driven DT implementations, including flare and methane mitigation, ISO 50001-aligned energy optimization, and lifecycle/decommissioning strategies. It concludes with a technical and economic assessment of DT maturity for gas compression facilities, identifying research gaps in standardization, long-term validation, and cybersecurity integration. The insights provided are intended to support decision-makers, engineers, and researchers in deploying scalable, auditable, and high-impact DT solutions across the O&G value chain.