The oil and gas engineering industry globally is experiencing price volatility, technological improvements and other regulatory changes. The oil prices too are increasing owing to Iranian export declines.

1. Recent Global Trends in Oil & Gas Engineering Services
The oil and gas engineering industry globally is experiencing price volatility, technological improvements and other
regulatory changes. The oil prices too are increasing owing to Iranian export declines. The chief economist of the
International Energy Agency asserted that the high oil prices could lead to an international recession. There has
also been news of the State Department putting brakes on the Keystone pipeline and discovery of other oil and gas
engineering sources in order to cater to the increasing demands.
However, the developments in oil and gas engineering have often been overlooked by many. It is rather easy to
see the way technology is reinventing telecommunications, retail, healthcare and other industry verticals. There is
very minimal discussion on the impact of technology from various parts of the world on natural resources
extraction, for instance petroleum, mining as well as oil and gas. The reality is that oil and gas engineering over the
past years has been adopting new technologies with a great deal of funding that needs to go to innovative
enterprises that can assist oil and gas companies to function better.
A Bain report sometime back highlighted that national oil companies play an important role in spurring a country’s
technological development. According to the report, many of the “NOCs seek to nurture entrepreneurship and
foster globally competitive businesses in energy-related sectors—and that creates an opportunity to promote new
areas of competitive advantage and strengthen existing ones for their home countries. In principle, they can
become powerful engines of socio-economic change—not just earning wealth but also spreading the economic
benefits of a competitive oil sector.”
Keeping all these aspects in mind global engineering services specializing in oil and gas engineering today offers
plant design engineering and global product development solutions for the design and development of the devices
and associated accessories for upstream (exploration, reinjection and LNG), midstream (pipelines, power
generation and sea lines) and the downstream applications (petrochemicals, fertilizers and refinery). This apart the
wide selection of oil and gas engineering services provided by expert solution providers also includes product
development and support, field services and accessory system design.
Global oil and gas engineering companies have their own trained and expert engineers with the domain know-how
and excellent communication skills. These engineers also have the expertise in managing and implementing
projects round the globe, generating projects through mature processes and guaranteeing quality deliverables that
minimize work. Furthermore, these companies also help the consumers enhance their supply quality, minimize the

2. time-to-market, grow in capacity, maximize revenue generation life, minimize expense of product development
and enhance sustenance engineering.
Related links: aero engine services, engineering outsourcing services