In this age of energy transition, the world moves towards a reduced carbon future. The role of oil and gas industry has therefore come under the spotlight. What part will the oil and gas industry play in future? Will it survive successfully? Will it affect the demand of oil field equipment?

1.  Well, the future for demand and supply of energy depends on a range of prominent factors:
 Government policies
 Society
 Technology
 Geopolitics
 The industry is going to play a significant role for more decades, experts say.
What factors influence oil & gas industry?
In this age of energy transition, the world moves towards a reduced carbon future.
The role of oil and gas industry has therefore come under the spotlight.
What part will the oil and gas industry play in future? Will it survive successfully?
Will it affect the demand of oil field equipment?

2.  With robustly growing oil and gas industry, players undertake investments to cater to
escalating demand.
 The industry is expected to attract a huge investment in exploration as well as
production by 2020.
 Gas generates power on a steady basis; it is likely to remain a primary source of
electricity.
 Notably, demand for oil will see highest growth in developing economies.
 With increase in demand for oil, demand for oilfield equipment will also increase for its
extraction.
 Undoubtedly, no system can do away with oil and gas industry without witnessing major
financial loss and even economical meltdown.
 The industry offers a powerful job engine.
 Decline in the industry might lead to unemployment which will have an adverse effect
on national and global economy.
 Truly, no other energy source is sufficient enough to meet increasing energy needs. The
industry offers a powerful job engine.
 So, the industry is a thriving one and is likely to remain so in the time to come.
 However, the industry is better-off if handling of important aspects like security of
demand and supply, price stability and even investment is appropriate.
 Evidently, new technologies in the industry will strengthen efficiency as well as
sustainability to meet the industry’s demands for many decades.
Can we survive without oil & gas industry?
Is there a viable alternative which can totally replace oil and gas industry?

3.  While considering sharply rising demand, the industry undoubtedly works hard to reach
perfection by updating technology as well as strengthening expertise in their respective
arena.
The industry, with highly functional oil and gas equipment, is focusing on development
of leading edge technologies to deliver effective solutions to energy demands.
 While the efforts are expected to yield remarkable results in the form of improvements
in meeting energy demands!
 Let the time reveal precise future of the industry! But, there is no exaggeration in
stating that the industry is flourishing massively and is expected to remain so in coming
decades.

4.  INOX India has created a wide-ranging portfolio of materials and engineering intellectual
property, that include, cryogenic tanks & systems, large ASU SVD projects, cryogenic
scientific projects, cryobiological products, LNG vaporizers, disposable cylinders and
other Products for OEM’s.
 Trusted firms like INOX, usually also offer customization services so that the customers
can make investments according to their requirements and usage.
 INOX India is a strong example of expertise in fabrication of critical components, and
professional project management.
 With a strong backbone of employee resources in engineering, project management,
manufacturing and other key functions, INOX India delivers projects with total customer
satisfaction in stipulated time.
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