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. What The Future Holds For Oil And Gas Industry

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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?
Introduction

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Well, the future for demand and supply of
energy depends on a range of prominent
factors:
The industry is going to play a significant role
for more decades, experts say.
With robustly growing oil and gas industry,
players undertake investments to cater to
escalating demand.
What factors influence oil & gas industry?
 Government policies
 Society
 Technology
 Geopolitics

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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.

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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.
Can we survive without oil & gas industry?

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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.
Is there a viable alternative which can totally replace oil and gas industry?

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Evidently, new technologies in the industry will
strengthen efficiency as well as sustainability
to meet the industry’s demands for many
decades.
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.
Is there a viable alternative which can totally replace oil and gas industry?

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 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.

9. Inox India is a leading manufacturer of cryogenic storage solutions like
cryogenic storage tanks & liquid storage tanks that encompass receipt,
handling, storage and refrigeration facilities. We have an extensive
range of products in manufacturing, construction, municipalities, oil &
gas, environmental refinery, agriculture, pipeline, etc.

10. About Us
www.inoxindia.com
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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