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Global oil and gas equipment market: India ranks poorly
May 10: Even though both ONGC and RIL-BP have drawn up large investments plans in the E&P sector, a recently ranking has placed India at a poor 30th, in terms of potential buyer of oil and gas equipment.
8For reference purposes, the website carries here a country-wise analysis of equipment and service requirements for oil and gas equipment
8Among the top five oil and gas equipment exporting countries, South Korea ranks No.1 while the other four, China, the US, Germany and Japan jostle for space for the second rank.
8US has specialized equipment and service suppliers but its share in the world oil and gas equipment market is shrinking and is likely to touch around 12% by 2020.
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