Products And Technology In Oil And Gas Industry

Date: 5/12/2014

Oil & Gas Field Equipment Manufacturing, Oil & Gas Field Services, Oil & Gas Exploration & Production, and Oil & Gas Transportation & Storage Industry Overview

In 2017, the global Oil and Gas market is forecast to have a value of $3,302.2 billion, an increase of 7.7% since 2012. The compound annual growth rate of the market in the period 2012–17 is predicted to be 1.5%. In 2017, the global oil & gas market is forecast to have a volume of 47,964.4 million barrels equivalent (BOE), an increase of 5.1% since 2012. The compound annual growth rate of the market in the period 2012–17 is predicted to be 1%. Crude oil is the largest segment of the global oil & gas market, accounting for 62.9% of the market's total volume.

Oil & Gas Field Equipment Manufacturing Industry Overview

  • Oil & Gas Field Equipment Manufacturing

Companies in this industry manufacture machinery and equipment used in oil and gas exploration and production, as well as water well drilling machinery. Major companies include Baker Hughes, Cameron International, National Oilwell Varco, Schlumberger, and Weatherford International.

  • Products, Operations & Technology

Major products include drill bits, drilling pipe, drilling motors, derricks, valves, portable rigs, well monitoring instruments, tubing, wellheads, blowout preventers, wireline systems, and oil and gas separators. Many companies also offer a line of oil and gas field services. Such services may include drilling, well completions, geological and drilling surveillance, and artificial lift services (pumps and other systems used to lift oil when a well no longer flows by itself). To learn more>

Oil & Gas Field Services Industry Overview

  • Oil & Gas Field Services

Companies in this industry specialize in oil and gas well drilling and provide other services in support of oil and gas field operations on a contract basis. Major companies include US-based Baker Hughes, Halliburton, National Oilwell Varco, and Schlumberger, along with Nabors Industries (Bermuda) and Transocean (Switzerland).

  • Products, Operations & Technology

Oil and gas field service companies provide drilling (about 30 percent of sales) and support services (about 70 percent) for oil and gas wells. Major support services include preparing wells for production, maintaining and enhancing the output of producing wells, and exploration. Some larger companies also manufacture oil and gas field equipment. To learn more>

Oil & Gas Exploration & Production Industry Overview

  • Oil & Gas Exploration & Production

Companies in this industry develop and operate fields to extract crude oil and natural gas. Major companies include Apache, ConocoPhillips, and Exxon Mobil (all based in the US), as well as BP (the UK), LUKOIL and Tatneft (Russia), National Iranian Oil Company, PETROBRAS (Brazil), Royal Dutch Shell (the Netherlands), and Saudi Aramco (Saudi Arabia).

  • Products, Operations & Technology

Major products of the oil and gas exploration and production industry are crude oil and natural gas; each accounts for about half of industry revenue. About 20 percent of US petroleum production comes from offshore wells and 80 percent from land-based wells. About 5 percent of US natural gas production comes from offshore wells. To learn more>

Oil & Gas Transportation & Storage Industry Overview

  • Oil & Gas Transportation & Storage

Companies in this industry use pipelines to transport crude oil, refined petroleum products, and natural gas. Major companies include Energy Transfer Partners, Enterprise Products Partners, Kinder Morgan, and Plains All American Pipeline (all based in the US); along with E ON Ruhrgas (Germany), Transneft (Russia), and Enbridge and TransCanada (Canada).

  • Products, Operations & Technology

Major services are transportation of bulk natural gas and liquefied natural gas (about 65 percent of US revenue); refined petroleum products (about 15 percent); and crude oil (10 percent). Other services include transportation of products such as ethanol, coal, and carbon dioxide. To learn more>

CONTINUATION:

ATEX Zone 2 UL Class I Division 2 HMI Oil and Gas Drilling Waste ManagementAIS panel PCs and thin clients with HMI open platforms are designed and certified to meet National Electrical Code (NEC)/Canadian Electrical Code (CEC) Class/Division standards, ATEX Directive 94/9/EC Category 3, IECEx and IEC Zone standards for increased safety in Human Machine Interface (HMI) panels in Division 2 and Zone 2 applications. 

AIS offers UL Class I Division 2 (C1D2 or Class I Div 2), Groups A, B, C, D, T4, ATEX 94/9/EC Category 3 Zone 2, IEC’s IECEx Zone 2, Ex “nA” and Ex “ic” certification on its Hazardous Locations (Hazlocs) & Hazardous Areas panel PCs and open HMI platforms which are primarily designed for the volatile and harsh environments of Oil, Gas, and Petrochemical manufacturing industries. Learn more » 

The standard or custom HMI applications are designed to meet Class I and II, Division 2 and Class III, Divisions 1 and 2 Hazardous (Classified) Locations (North American Classification), and Zone 1/21 and 2/22 Hazardous Areas (European and IEC Classification) specifications.

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