Static and Rotating Equipment (Oil and Gas) Market
Published on in “Business, Business”, language — English. 5 pages.
The downstream, midstream, and upstream operations in the oil and gas industry depends upon the quality and reliability of static and rotating equipment. Hence, these machines form an important part of oil and gas infrastructure. However, due to the recent drop in the global oil prices, expenditure on exploration and production activities is likely to reduce, which will have a negative impact on the demand for these equipment. More