Oil and gas industry overall contract value up by 27% QoQ during Q4 2022, reveals GlobalData
While recent years have seen a substantial drop in demand for oil, prices are slowly returning to pre-pandemic levels.
Petrochemical projects to dominate oil and gas industry
Petrochemical projects will amount for a majority of the oil and gas projects happening in the next five years with most concentrated in Saudi Arabia.
Robots driving oil and gas industry growth
Robotics, thanks to automation and technology advances, is expected to be a key driver in oil and gas industry growth according to a report by GlobalData.
Autonomous mobile robots’ role growing in industrial operations
Autonomous mobile robots (AMRs) are increasingly finding applications in the mobile robotics ecosystem as automation becomes the new normal.
Manufacturers focusing on faster automation in wake of coronavirus
GlobalData reports that the coronavirus (COVID-19) has made manufacturers realize the need for faster automation and innovation, but it is going to take time to recover from the virus' economic effects.
Robotics to drive increased production, efficiency for oil & gas market
GlobalData reports that oil and gas companies are turning to robotics to drive productivity and efficiency due to volatile prices.