Industrial Info's Global Oil & Gas Coverage Grows Amid Less-Than-Ideal Market

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Researched by Industrial Info Resources (Sugar Land, Texas)--With crude oil prices at historic lows and an abundance of supply from North American producers, a growth in project numbers would be unexpected--but that is what Industrial Info's project database is showing across the globe. Overall, Industrial Info's project database has grown 33% since 2014 across all market regions. While this figure is an average of all market regions, North America's project number has increased 28% year-over-year. Considering North America's supply glut of natural gas and crude oil, it would be incongruous to see growth in oil and gas infrastructure; however, it makes sense, as the infrastructure being proposed would help lower transportation costs for producers, which may actually help the crude oil prices.

In raw numbers, Industrial Info was tracking nearly 7,900 terminals, pipelines and production projects in September 2014. As of September 2015, Industrial Info was tracking more than 10,500 projects worldwide. This growth is due in part to the market environment, and in part to the growth and development of Industrial Info's research teams around the world.

Industrial Info has grown its oil and gas research team at home, with an increase in researchers during the past year. Industrial Info's international offices also continue to ramp up their performance, as newer offices mature and older offices refine their methodologies and increase market coverage.

Industrial Info continues to add to its coverage by expanding its teams and their abilities, seeking opportunities and information even in bearish market environments when opportunities may seem scarce. Industrial Info's global teams continue to grow its project database, despite shrinking numbers of new planned projects, by digging deeper and finding those capital projects that would not normally make it into the news, or those maintenance programs that go overlooked by the public.

In a time when work and capital expenditures are sparse, Industrial Info's growth remains uninhibited due to its adaptable nature, allowing it to navigate the currents of change in the global and regional markets; find out who's building what, when, where and for how much; and uncover opportunities no matter the market conditions.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.