Video: Introduction to the Oil & Gas Equipment & Services Industry

The Oil Gas Equipment Services industry comprises companies that provide the technology, equipment, and services necessary for the exploration, extraction, refining, and transportation of oil and natural gas. This industry plays a critical role in ensuring the efficient and safe operation of drilling rigs, well completion, production facilities, and pipelines. Key offerings include drilling equipment, well services, seismic testing, engineering, and maintenance. Companies in this sector cater to a global market, often operating in diverse and challenging environments, from deep-sea rigs to onshore shale formations. Technological innovation, safety standards, and environmental considerations are pivotal to the industrys evolution and sustainability.