Tag: O&G

Usage of 3D printing increases in the O&G sector

The use of additive manufacturing, or 3D printing, is gradually increasing in the oil and gas industry. Currently, accounting for less than 0.1% of the overall global manufacturing market, which is currently valued at USD 12.7 trillion, it is estimated that the 3D printing market will be worth USD 32bn by 2025 and over USD 60bn by 2030, says GlobalData.

Colombia led globally 7 O&G discoveries in Q2 2019

GlobalData’s report: ‘Q2 2019 Global Oil and Gas Discoveries Review – Colombia Leads with Highest Number of Discoveries in Quarter’ reveals that Colombia had a total of seven onshore discoveries: five were conventional oil and two were conventional gas.