The energy industry is poised for a banner year in 2012. As the world is starting to shake off the recession blues that started in 2008, there will be robust demand for oil and natural gas to satisfy the growth of appetite for energy in emerging economies.
Another bright spot for growth comes in the facility engineering and construction for O&G facilities as a result of reduced budgets over the last few years. These cutbacks have resulted in a backlog of projects and infrastructure updated needs to meet the growing worldwide demand. In addition to plant modifications, significant new infrastructure is required in many of the world’s energy producers, especially in countries with recent major discoveries of oil.
From our perspective, 2012 will be a good year for the energy industry. PROCAD is poised to support growth and will be releasing several products this year.