Will the Oil & Gas Industry Survive?

Will the Oil & Gas Industry Survive? The Automation is the answer. Worldwide, total oil demand keeps growing. Low prices are fueling this trend. To remain competitive, oil companies need to reduce their production costs. Oil Industry needs electrification, compressors and rotating equipment, automation, and digitization along the...

Why We Will Still Need Oil and Gas in the Future

Will the price of oil remain low, possibly for years to come? No one knows. But there is one lesson that the history of the oil and gas industry has taught us: Although the price of oil can swing wildly, the growth of demand is surprisingly stable. There have been price peaks above $140 and troughs below $20, but over the long term...