We are heading into a multi-year “up cycle” for oil and gas after the longest period of underinvestment in the history of the industry. Instead of putting money back into equipment, stakeholders have wanted to see quicker returns on their investments. Those business objectives coincided with political and social forces moving toward “green” technology, electrification and higher fuel efficiency standards.

Source: Investing in Harsh Environment Solutions for Oil & Gas Exploration | TTI, Inc.