North American Oil & Gas Project Database Growth Strongest in Production
SUGAR LAND--October 26, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Despite the low oil prices and glut of supply around the world, Industrial Info's Oil & Gas Project Database continues to grow when compared with last year. This is despite the slowdowns in exploration and spending on new drilling and production due to depressed oil prices, which reduce producers' incentive to find new reserves. Across the three industry verticals in oil & gas--Terminals, Transmission and Production--it is, ironically, production that is growing the most. This is due to two factors: increased focus on efficiency programs by producers, and the growth of Industrial Info's maintenance project section of the Production database.
Within this article: Details on the growth in Industrial Info's oil & gas project database.
