It is increasingly evident the importance actuators have in the oil and gas industry. Actuators play a vital role in virtually every aspect of operations at every refinery. With the recent decline of gas prices in the United States, it is important to understand what this means for the oil and gas industry as well as for other flourishing American industries depending on the oil and gas.
Oil Price Effects
Actuators in the Oil and Gas Industry
Actuators in the Oil and Gas industry provide durability, reliability, and a level of safety. Depending on the level of automation and the size of the operation it is estimated that there are around 1,000 actuators in a typical refinery. Indelac actuators can be found in refineries all over the world stretching from Texas to Canada to Asia and locations in between. Our actuators may be American made but they can be found in many places worldwide.
Check out our previous Indelac Blog to learn more about offshore drilling!
Pipelines and Storage
Storing and loading oil as well as liquid gases is something that occurs in various storage and export facilities around the globe. These facilities have a high demand for actuators and valves. Actuators provide control of multiple products, capability of emergency shutdown at a fast pace, accurate monitoring and control, a continuous visibility of operations, and a high level of safety.
Check out our previous Indelac Blog to learn more about pipelines and safety!
While many people are enthused about the falling of oil prices it is important to keep in mind the businesses that depend on oil and the cost that correlates with those prices. However, it is also important to remember the best opportunities in 2015 will be in North America due to its diving growth for the larger global economy. We will take the pros with the cons.