Oil and Gas Industry Equipment News and Trends

Stay abreast of technological changes in oil and gas industry equipment

Like many other fields, oil and gas industry equipment changes over time with technological advances, ergonomic studies and safety regulations. The fossil fuel industry in particular constantly faces pressure to find ways to produce more fuel and burn fuel more efficiently without leaving an environmental footprint. Therefore, a business contemplating starting up an oil exploration business or re-outfitting an older business has many aspects of the industry to study in order to determine whether it makes sense to get into, or stay in, the business.

Technology and regulations may change any aspect of oil and gas industry equipment. Engineers may design drilling rigs with more safety features. Experts come up with new pumps and motors that may provide more power or run more economically. New safety equipment better protects employees from injury and dismemberment. You should study all of these aspects to make informed decisions when purchasing oil and gas equipment and oil equipment services

1. Join oil and gas equipment associations to network with others in the same industry

2. Subscribe to leading industry trade magazines to stay informed

3. Check other sources for news about equipment for the oil industry.

 

Find oil industry equipment associations that keep up on the latest news

Non-profit organizations often provide the best sources of information about an industry. Their information does not favor manufacturers, suppliers, end users or others because they have nothing to gain. Therefore, such trade associations can provide reliable information on oil and gas industry equipment news and trends.
Try: Stay up to date with news on oil and gas industry equipment from Subsea Oil & Gas Directory. You'll also find links to equipment repair, fabrication, equipment manufacturers and other parts and services related to drilling for oil and gas in a marine environment on their webiste. Petroleum Equipment Suppliers Association serves the United States oil field service and supply industry. This association has a newsletter to keep members apprised of upcoming events and studies government regulations that may affect the industry.

Choose oil and gas equipment related magazines to understand technological developments

Both the main articles and the advertisements can supply important information to a potential purchaser of oil and gas equipment. Online versions of magazines can provide more current information but these versions sometimes do not supply the same level of detail as the print versions.
Try: Oil, Gas and Petrochem Equipment Magazine provides news on the latest advances in equipment. It also features research white papers and schedules of upcoming events related to the industry. Pennwell Corporation publishes Offshore Magazine, a publication dedicated to covering issues and trends related to offshore drilling technology.

Look for government and other sources for oil industry equipment news and trends

Every business must follows laws, so keeping up with governmental regulations that may affect your operation helps you buy the correct oil field equipment. Some government studies also contain important information about an industry. Other interested organizations and businesses also provide networking services that help members of the business keep on the latest news and trends.
Try: The University of Louisville provides an informative listing of government resources related to the oil and gas industry. Offshore-Environment discusses events and news related to offshore drilling for oil. This site focuses on the environmental impact of drilling and how to mitigate it. RigZone provides news related to oil and gas industry companies and events around the world.

 

• Some oil equipment manufacturers and suppliers focus on equipment for drillers or equipment for refineries. Some similarities exist but much of the equipment varies greatly. Be sure you work with the correct supplier depending on which end of the oil and gas business you go into.

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