PLASTIC EXTRUSION BARREL MACHINE – BEHIND THE SCENE!

Did you know plastic was one of the fewer materials that was not available naturally to us? Man invented it with a lot of permutation and combinations of various other materials! Plastics are one such material that can be easily molded into different forms depending on the requirements, may it be for commercial purposes, day-to-day use or any other. To mold these plastics into different forms, plastic extrusion barrels play a vital role, which is generally used in the mechanical engineering industry. These machines help engineers convert any form of plastic material with ease. These barrels are custom made according to the client’s need and production requirements. Designing barrels of the various specification is a matter of great work efficiency since there is intricate design detailing that needs to be taken into consideration. But the important question is – How does it work?

Let’s discuss in detail. Here are the three different parts of Extrusion Machine –

  1. The Gearbox or The Motor that initiates the function
  2. The Barrel that convert the form of material into liquid
  3. The Mold that shapes the material

Source: Google

Let’s understand these parts in detail and how it functions –

  • To start with, the raw resin (plastics such as PVC, Polyethylene, HIPS, etc) is poured through the feeding hopper into the barrel. This raw resin is in solid form while pouring. At this stage, material density, quality, color of output and many other technical aspects are considered, and accordingly raw resin material is selected.
  • The heating rods/holes attached outside heats the resin within till the time its physical properties get altered. The temperature of these heating rods can be adjusted according to requirements, which mostly depend upon the density/hardness of resin.
  • While heating the plastic an injection screw is inserted from the other end of the barrel to push the liquid to the mold/dia. The mold/dia is custom made according to the specifications of client, forming the desired shape.
  • Once the liquid form of plastic is poured into the dia, it takes the desired shape. It is then allowed to harden naturally by cooling. Shape, hardness, quality all parameters are checked for the final product outcome.

For an easy and comfortable working of Extrusion Barrels, it is necessary to have a proper design guideline called design specification. But what to consider in design specifications? Let’s have a look.

DESIGN SPECIFICATIONS-

The main consideration while making any plastic extrusion barrel machine is the design specification that comes from the client’s side. If the barrels are not made according to the given specification, then there could be extreme consequences that can result into design and manufacturing defect or worst project failure. Specifications guide the whole process of making the prototype model.

Following factors must be considered for a successful barrel machine drawing –

  • Dimensioned Drawings

Dimensioning is the most basic and crucial step towards machine making. All the detailed dimensions should be provided for easy workability. Since many other stake holders are also working on the same project of barrel production, our drawings should speak a uniform global standard. Therefore, we provide all our drawings in Imperial and Metric formats for easy workflow.

  • Environmental Factors

It is mandatory to comply with environmental standards globally. We need to keep in mind that final output of Extrusion Barrel functions well within the predefined environmental safety parameters. 

  • Ergonomic Factors

Ergonomic is an essential factor while considering any product design, since the designing of barrels is generally based on the capacity required. More the capacity, bigger the barrel size. So, the designing need not necessarily have the ergonomic influence. But since humans are on the receiving end, we need to keep in mind that the machine is user-friendly and that the surrounding environment is conducive for its use.

  • Maintenance

From idea/concept generation to the final delivery, a product goes through a lot of mishandling. Also, after handing it to the client it must be user-friendly to the unskilled workforce who would be handling it. Therefore, the product needs to be easily workable for its ease in maintenance.

It is very important not to make any design errors since that will affect the manufacturing process. Sooner or later it’s working could get hampered which will lead to high maintenance cost or worst the whole barrel would have to be redesign.

INDOVANCE EXPERTISE

In today’s scenario, machining and related requirements are outsourced for drafting to companies where design and drafting skills and domain expertise is high. Indovance Inc, is a leading Engineering Business Solutions company with illustrious history of 16 years in the domain of Mechanical, Civil, Architectural and Graphics solutions. Our happy and satisfied clients range from mid-sized organizations to Fortune 500 corporations whom we have served over the years.

For more information regarding our services, get in touch with our team at +1-919-238-4044 or you can write to us at info@indovance.com

OUTSOURCING IN ENGINEERING SERVICES AND THE ROLE OF INDOVANCE

With the blooming outsourcing business, we need to widen our lenses and look outside the box. In this time of technology, other sectors can bring quality assured work to the table, besides IT and BPO, mechanical engineering services are also a stream where great business can happen. Here are few examples of Engineering Services that can be outsourced and its current market estimation below –

MARKET RESEARCH

India has emerged largely as a strong outsourced services provider in the market for global companies as India accounts for 28% of Engineering Services Outsourcing (ESO) and BPO talent, whereas Russia and China account for 11% and 10%, respectively. As the demand for ESO increases worldwide, India’s share would also grow eventually in the ESO market. As of now, India produces 65,000 engineers annually. To reach a potential market share India would need 3,50,000 engineers.

India has an upper hand in many facets of outsourcing such as –

  • Cultural compatibility with the west
  • A vigorous legal and political systems
  • A strong protection of intellectual property (IP)

For an ESO company, the business module obtained is for a smaller period. Therefore, ESO business providers need to be sure that they can survive the competition. The ESO business has witnessed a substantial growth from 2000 to 2010, majorly in the field of automotive, telecommunication and healthcare etc. Also, with technological advancement, the software that is used was user-friendly and technically sound. Some of the major factors that should be considered before selecting Engineering Service Providers (ESP) are –

  • Expertise in the business
  • Service portfolio
  • Market value
  • Quality of service provided
  • ESO Services Evolution

With the growing needs and the new emerging complexities of the business, the company finds it easy to render outsourcing services. Outsourcing companies have shown the required potential to provide solutions within the brackets.

 According to the Bureau of Labor Statistics, U.S. Department of Labor, the largest employers of mechanical engineers are as follows:

  • Engineering, and related services – 22%
  • Machinery manufacturing – 13%
  • Transportation equipment manufacturing – 12%
  • Scientific research and development services – 7%
  • Computer and electronic product manufacturing – 7%

MECHANICAL ENGINEERING

With changing scenario, the structure of the job keeps on changing with the advent of newer and more simplified technologies. But when it comes to Mechanical engineering it is here to stay!!! What comes to your mind when you think of Mechanical engineers? Mechanical engineering is not a new term to the millennials. It dates as back as 6000 BC, where Egyptians rock painting depicted boats! Yes, boats running on water. Such aesthetically simple and ordinary looking thing has a brain of an engineer and the latest invention as latest as 2014 is that of an Aeroboat – a boat which can fly like a jet across water with a speed of 109mph (175.42 km/h) and cost a whopping amount of 3 million euros! Mechanical engineering is a very vastly spread branch of engineering. It is a branch of engineering that deals with the making of machines. Machines used on a day to day household basis as well as in various other domains such as Aerospace, Automotive, Chemicals, Defense, Marine, Pharmaceuticals, etc. Mechanical services are mostly outsourced to overseas locations. However, many factors govern the outsourcing business especially the Intellectual property (IP). There is always a large amount of theft associated with IP. Eventually, there are many legal proceedings one must undergo to save the data from getting violated. However, serious aftereffects have to be faced when proven guilty.

ROLE OF INDOVANCE

Indovance is one of the finest outsourcing services providers to the global markets dealing in Mechanics. Sophistication in processes and expert human resources is the key, that drives in the success of every project at Indovance. Indovance is one of the fewer companies in the business that delivers excellent quality work in time. It’s been 16 long years of prolific performance in the mechanical sector alone with expertise in software like AutoDesk AUTOCAD, Inventor, SolidWorks, Unigraphics and more. Here are the 4 domains Indovance caters to in Mechanical Engineering –

How Does Outsourcing Work at Indovance?

Step 1Share Your requirement here and sit back, we will reach out to you ASAP.

Step 2Technical Feasibility will be checked in a formal discovery meeting considering your requirements.

Step 3Solution Architecture will be discussed and shared in detail not leaving any scope for errors.

Step 4Trial Period will begin for a month where you will experience Indovance.

Step 5 – After completion of trial period, long term partnership begins.

 

You can reach us at +1 919-238-4044 or write us at info@indovance.com for more details.

Transforming Mechanical Engineering with 3D Animation

3d animation Imagine: you are watching a 3D animation of clothes in a washing machine. The virtual demonstration shows the flow of the water through pipes into the machine, the agitation of the drum, the draining process and rapid spin cycle. It’s not real – it’s just a simulation of a product in its inception stage. But 3D animation provides a realistic representation of what it will look like, the components, how it works, if there are any flaws in the design and how you can improve it before its manufactured. All of this before having any hard expenses of physically building and testing the product. The result? A more cost-effective way to ensure a better end product.

The Evolution of Design
While earlier engineers relied on hand drawings to design and complete projects, there was a lot of room for error. One miscalculation in the original drawing could result in expensive and all-too-common mistakes.

Decades ago, mechanical engineers began abandoning pen and paper for computer-aided design. But creating drawings, designs and drafting with computers was just the beginning. Now, many mechanical engineering firms also rely on 3D animation to better understand and test products.

Benefits of 3D CAD
The evolution of CAD and 3D animation has meant incredible advantages for mechanical engineers, including:

  • Approximately 45 percent faster product design
  • Automated design process
  • Organization and management of design data
  • Effective communication with customers and suppliers
  • Generation of virtual prototypes allows non-CAD people to participate in the process
  • Effective internal design reviews
  • Incorporation of design changes at any point during prototyping
  • Standardized details and drafting practices
  • Increased speed and precision of production
  • Ease of beating competition to the market

For mechanical engineers, visualization with 3D animation has simplified processes. Prototyping has become not just easier, but better. Designs can be tested and validated, reducing costs by eliminating problems and errors before manufacturing.

Clients love seeing their product come to life. These 3D animated visuals can be rotated and broken down into their components, giving mechanical engineers the ability to better explain assembly and demonstrate functionality.

3D Animation Made Easy
Indovance is one of the leading CAD and drafting outsourcing service providers. Indovance partners with Mechanical Engineering firms to assist them build 3D animations that have the power to clearly explain complicated core product functions and features. Indovance has team of engineers specialize in CAD drawing, drafting, designing and 3D animation, producing quality work with little turnaround time.

If you are also looking for a right partner to develop 3D designs and animations, reach out to our sales team on +1 919-238-4044 or drop an e-mail at: Info@indovance.com.

Want Jaw-Dropping Productivity in Mechanical Engineering? Try SolidWorks!

Solidworks

Most of the firms in mechanical engineering services industry are trying to figure out ways that can give them an upper-hand in the operations to gain competitive advantage. Yes, it has become so important to be efficient in the operations. The firms want to raise their productivity to a maximum level. But, how do you exactly manage to raise the productivity? I think we might have an answer to your question. And the solution is SolidWorks.

SolidWorks is one of the best CAD software for mechanical engineering. And there’s a reason for its popularity. Let us check why some firms are absolutely dedicated to SolidWorks, and why is this software making people happy. Indovance has been using SolidWorks for a long time to cater to the needs of our clients. And we will share our first-hand experience with the SolidWorks with this article.

SolidWorks offers an interface that is highly responsive and supportive, which enables professionals to focus more on the designing part. Moreover this doesn’t need you to spend more time on the interface, resulting in improved productivity. We have also figured out that SolidWorks does offer in-built intelligence. Therefore, we don’t really spend more time on learning/teaching/training people. Assembling all the parts is made cool, you can check before this goes for the prototyping. And if you are thinking straight, you must have already realized by now that this means reducing costs and design cycle. We have more lead time.

Our team also does data management very well with SolidWorks. Sharing designs with the stakeholders and along with the team is not at all a headache anymore. Our team has been able to deliver some of the best presentations with 3D models, Renderings, Animations and 2D drawings. And we have been able to communicate well with the stakeholders. The ease of use is an advantage that we bank upon. And we are able to better utilize our time with other productive opportunities. Our productivity has really seen a drastic improvement with SolidWorks as compared to other software. And we have been able to transfer this advantage to our clients as well.

So, if you are looking for improving productivity in your mechanical engineering operations, then, Indovance can be your right outsourcing partner for CAD services. We help with our expertise in SolidWorks that raises your productivity, and minimizes the error and gives the best quality of output.

To schedule a personal meeting with our Sales Representative or contact Sales Team on: +1 919 238-4044

For more information, log on to: www.indovance.com or drop an e-mail at: info@indovance.com.

Importance of Pilot and Demonstration Plants for Large Production Facilities

Demonstration Plant Banner

Technological advancements and innovation to scale-up the production is a common phenomenon in any industry, may it be mechanical, pharmaceuticals, chemical or industrial equipment. As they say, change is the only constant! And if you want to stay ahead of your competition in business, you got to accept the change. With cutting edge technology being introduced, there is always a scope for a new player to emerge, hence the only way out is to innovate and lead. But, is it that easy to just innovate and implement changed processes and methodologies? Not really. Large sized production and processing plant involves high risk and high investments, and they need to be cautiously designed and developed.
For a large size company, implementing the innovation straight from the lab, could be highly unsafe considering problematic mixing, product output and slow or hard-to-control reactions. Moreover, huge investments and time involved make things even more complicated. While some issues can be addressed in simulations, the physical version that runs in the real world will often behave differently than the simulations predict. Hence, they need a different approach of building pilot plants and demonstration plants to test the feasibility and practical implementation of the production plant.
Sometimes, the term pilot plant or demonstration plant are used interchangeably, but a demonstration module is often considered larger and more commercial than a pilot skid. Let’s know more about them.

Pilot Plant –
Pilot plant imageAs the name suggests, it’s a first sight of how the real plant will look like. A pilot plant is a smaller version of plant which is operated to find out the behavior of process before using it on a large scale industrial production. It acts as a system for hazard identification before full-scale production takes place.
A pilot plant allows you to collect actual data that can ensure smooth function of your full-scale production plant. It allows you to experiment with inputs, outputs, processing time etc. to streamline your process.
In some cases, a pilot plant may be of an optimal size that can produce specialty products in low quantities. You can stop at the pilot plant scale, produce plenty of product, and forgo a larger financial undertaking until the market demand increases.

Demonstration Plant –
Pilot plant imageDemonstration plant, larger than pilot plant, is a system used to validate the functionality of industrial production plant before building full capacity commercial plant. It is considered to be the final stage in research, development and demonstration of new process or technology being used in the plant. Demonstration plants are used to prove commercial and technical viability and prove production technology.

Benefits of demonstration plant –

  • Useful for initial production to test distribution and market development.
  • Used for testing end products and making required changes.
  • Ensures new process/production technology works fine at production level.
  • Testing the commercial viability of manufacturing method.
  • Prevention from probable production failures and hazards
  • Financial feasibility and reasonable return on investment.
  • Forecasting operational cost for running new system.

So, if you are looking to build pilot and demonstration plants for your next production plant and looking for a right design and drafting partner, get in touch with us. Indovance Inc. has years of experience and expertise in modeling that helps us understand the technology and client’s exact requirement. Indovance is a well-known brand in the manufacturing design and modeling domain for more than 15 years and has reputation of serving global clients. For more information about us and our services, reach out at +1 919-238-4044 or email us at info@indovance.com

Piping Design and Modeling – Importance and Feasibility

piping banner

Smart design is what required when it comes to building an efficient and optimized structures, may it be for a residential/commercial complex or an industrial plant. There are many aspects to consider while it is designed and one of the most prominent is Piping Design & its modeling. In fact, Piping Engineering is a separate department in many companies dealing with design and layouts of piping roots/networks across the plant and along the equipments.

Industry Implications –

Piping designs and modeling functions are required for almost every establishments but there are some industries wherein, Piping Design & Modeling is required frequently and has a bigger role to play. Here they are –

Burst of Steam in Manhattan Pipeline
Burst of Steam in Manhattan Pipeline

  • Oil & Gas Extraction Plants
  • Refining Plants
  • Chemical Industry
  • Dying Industry
  • Pharmaceuticals Plants
  • Water Resource Management
  • Process Plants
  • Fertilizers Manufacturing
  • Waste management
  • Heavy Scale Industries

Importance of Accurate Piping Design –

Piping Design is basis for every aspect of material flow within/outside the plant. For example, in a processing plant, movement of material within the different units must be optimized so that it can travel minimum distance and curves to get processed quickly. Alternatively, in heavy scale industries, the heat or pressure in the pipe is very critical. A simple miscalculation of pipe network’s capability can lead to a disastrous outcome, often resulting in casualties.

Piping design has become a major component of all the industries, with pipe infrastructure contributing to total transactions in power plants, pharmaceutical firms, chemical plants, CNG/LPG plants, oil industries, and more. Pipe design engineers work to create an efficient plant design and construction, preparing route layouts & equipment specifications.

Factors to Consider in Designing –

Industrial Pipe System

Having an in-depth knowledge in material properties and accordingly designing and modeling the piping structure is the best way to go ahead. A designer and modeler need to consider following factors while they analyze and define a piping design model –

  • Stress analysis
  • Flowing material properties
  • Piping material quality, property & life span
  • Piping placement and elements around
  • Minimum distance & curves in material flow
  • Heat & steam pressure

Typical Reasons of Failures –

While there are no thumb rules as to how a structure should be, as it depends upon the plant layout, processing unit placements and resources availability, we can chalk out typical reasons of design failures as below –

  • Lack of expertise & knowledge in underground pipeline design, construction and management around the world.
  • Inadequate understanding of pipe-soil interaction principles.
  • Wide-ranging behavior of pipe materials.
  • Claims and counterclaims of pipe manufacturers.
  • Inconsistent design standards for different pipe materials.
  • Inappropriate and inadequate utility mapping during design or construction of a pipeline.
  • Improper designs and inadequate pipe factory and site supervision by engineers.
  • Pipelines being used well beyond their intended design life.
  • Improper operation and maintenance.

As we know, having an experience and in-depth knowledge is the key in successful piping project execution and if you are looking for a reliable designing and modeling partner for your upcoming plant project, you can surely rely on our industry expert who can guide and work along with you for all your design requirements, may it be for piping, structure, mechanical design and drafting works, you name it and Indovance will have a solution for you. You can reach us at +1 919-238-4044 or write us at info@indovance.com for more details.

How Indovance Assisted Designing And Drafting One Of The Largest Incinerator.

Incinarator BannerGlobal economic development and rapid industrialization has resulted in producing huge industrial waste. May it be from Automobile, Chemical, Oil & Energy, Healthcare or Food Processing industries, residual waste is unescapable. Moreover, it is expected to rise with growing industrialization. Hazardous industrial waste could be in solid, liquid or gaseous form and can cause serious problems to environment if came in direct contact with air or water.

Incinaration Process2

But can this wastage be converted into the source of energy? Yes, that’s where the role of an industrial incinerator begins. Incinerator helps destroying the solid, liquid or gaseous waste produced during the manufacturing process by combustion in furnace. It produces hot gases and heat or energy which can be reused in your mainstream production. Indovance Inc, recently helped its client designing one of the world’s largest incinerator. Let’s have a look at the crucial elements in designing process.

Designing one of the largest Incinerator

The waste Incineration system was designed to treat the “tail gases” produced in a petroleum refinery or natural gas plant. Indovance Mechanical engineering team has expertise in designing incinerators ranging in size from 1.0 MMBtu/hr to more than 550 MMBtu/hr. The combustion chamber can range in size from 3.5’ to 30’ diameter.

The Incinerator achieved high destruction efficiencies (DRE) during the process by optimizing the following parameters for each specific process –

Temperature:

Designed the equipment to operate at a temperature that is significantly higher (640-880°C).

Time:

Maintaining a minimum residence time between 0.6-2.2 seconds

Turbulence:

Ensuring that waste gas is introduced in a manner that results in a homogeneous fully reacted effluent

But understanding and taking care of technical aspect of the design alone is not enough. You must give it a 360° thought for a seamless design.

Critical Aspects of Design

Weight:

Developing entire incinerator in one piece was a challenge for assorted reasons, one of it being equipment weight.

Lifting points:

To facilitate lifting each piece and then assemble it at the destination would need points where it could be lifted from.

Fabricating Equipment:

Fabricating supportive equipment tools while we install the incinerator.

Transfer:

Transfer of incinerator from the manufacturing to installation site was a challenge. To have a smooth transfer of equipment, hook-up points were predefined at the design level itself.

Indovance Inc, is an expert in Mechanical equipment design works with experience of around one and half decade in engineering design domain. With advantages like highly skilled workforce, cost effective solutions & quick turnaround time (TAT), Indovance is first choice of many fortune 500 engineering and publishing giants. You can also set up your entire design team in India with our Virtual Office Model. For more information, reach us on +1 919-239-4044 or drop in a mail to us at info@indovance.com.

Hot-in-Place Asphalt Recycling Machine: Innovation Meets Excellence

Road infrastructure development has always been a crucial factor for economic and socio-political development of a country. Over a period, we have seen great improvement the way road infrastructure is shaping up. May it be with the materials, technology or time efficiency, we faced the challenges and came up with brighter solutions to it.

We have seen, how we moved from simply making a new road from scratch with gravel surface to asphalts, to composite pavement and so on. But with changing times, we were facing a different challenges and issues.

Reducing cost & time: the challenge
Next big challenge we were facing, was high cost of material and time to reproduce the road. With ever increasing traffic loads and skyrocketing material prices vs tight budgets, construction industry was poised with challenge to maintain the quality and efficiency of roads. And to counter this, a new technology and equipment was required. And that’s where the asphalts roads recycling equipment technology came handy.
Road Recycler Truck
Asphalt Recycling Machine: how it works?
Instead of constructing the road from scratch, it reuses the road material by crushing and pulverizing of the tattered asphalt material. It is carried out by a milling and mixing rotor fitted with tungsten carbide tools. The material is heated and processed in a mixing chamber or compulsory mixer and reused for road construction. Since the recycled material is heated up and laid on the cold ground, the quality of newly constructed road was not as per expectations. The joint between the ground and newly recycled material would often get uprooted, hampering the road again. That’s where we helped our client to conceptualize the Hot-in-place Asphalt recycling equipment.

Hot-in-place Recycling Mini Machine Design: the solution
Indovance Inc, was poised with the challenge to design an equipment model which will not only solve the ground and material joint problem, but should also be time/cost efficient, and handy to use even for small roads redevelopment or road patch works. And that’s how we helped our client to came up with by designing a mini Hot-in-place road recycling machinery design.

It has following features –

  • Road patch heating facility with mounted burners.
  • Rake tools to uproot the tattered asphalt material.
  • Accumulator to hold the recycling material.
  • Tar kettle with customized capacity to enrich recycling material.
  • Processed material and hot fresh asphalt mixer.
  • Can be easily carried with mini loader.

This concept permits optimum processing of the recycling mix. And it is now being designed for big truck based Hot-in-place recycling machine as well which can be used for large road development projects.

Easifying Designs: the Indovance Way

Indovance Inc, is an expert in Mechanical, Civil and Architectural designs with more than one and half decade of experience in conceptualizing and developing 2D/3D designs. With advantages like highly skilled workforce, cost effective solutions & quick turnaround time (TAT), Indovance is first choice of many fortune 500 engineering and publishing giants. You can also set up your entire design and drafting team here in India with our Virtual Office Model. For more information, reach us on +1 919-239-4044 or drop in a mail to us at info@indovance.com.

How CAD Supports Turbine Engineering

CAD, computer-aided-design, is known to all tech professionals. What more an engineer of today should develop to make lives easy? Bewildered codes, or complex drawings, but the strong analysis always involves accuracy in the design models and the extreme perfection in CAD drafting and drawing. The main objective is to move with the advancements which evolved in engineering.

Engineering outsourcing companies work on the most critical form of CAD designing i.e. CAD in turbine engineering. CAD provides excellent quality for the projects. It requires a networked engineering database to be centrally located which helps in complete data integrity and renders the ultimate output.

As, it is an important field for major industries like aerospace, power plants and outsourcing, Indovance being one of the major engineering outsourcing company, we are here to deliver the best even if you are worried about the highest complexities involved in your projects.

Let’s explore more about the role of CAD in turbine engineering;

CAD in Turbine Engineering
Computer-aided-design and drafting require skilled and experienced professionals to carry out the required designing in power plants. There has been much use of gas turbines in aerospace engines.

Turbine Engineering

Image credits: integratedturbinesystems

Fig1.1 Shows the complete setup of gas turbine

No matter, how big or small the project is, CAD has made the designing part very easy. A CAD system employs an open architecture and its main use is to support mechanical design and engineering. CAD involves shorter design cycle which allows companies to take shorter time to respond to their customers.

Apart from this, CAD cuts the development cost by 65% as per the reports, and improves the productivity by 150%.

With so many CAD benefits filling up the vacant space of technology, we are also leveraging our maximum projects to CAD. No matter, how much complexity is involved in them, Computer-Aided Design (CAD) has become an important and widely used technology.

Indovance Towards Computer-Aided-Design of Turbines

Our engineers utilize 3D CAD software tools running on powerful computers to maximize productivity and to be able to focus on innovation to create products better, faster, and more cost-effectively.

We offer services like 2D drafting, fabrication drawings, 3D CAD modeling and design optimization for industrial products like pumps, turbines, hydraulic and pneumatic presses, machine tools as well as jigs and fixtures.

If you are looking for an engineering outsourcing company who can handle all your stress and complex projects, then you can drop in a mail to us at info@indovance.com or

Call us at +1 919-238-4044

Oil and Gas industry: Surviving the Slack

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The world has not ended up yet, but the natural resources are bound to diminish soon. As per the reports, the oil and gas industry is experiencing the downfall and rate cuts which have slowed down the economic growth around the globe.

As per, Sheikh Ahmed Zaki Yamani, former Saudi Arabian oil minister, when he was interviewed in 2000, had exclaimed with a deep sigh that oil and gas industry business dealers will definitely face a downfall soon and it will redefine the business strategy.

Sheikh Ahmed’s Comment in an interview in 2000;

og3-jpg

Due to such a drastic downfall, the smart and strategic decision will be required on the O&G front runners. The expense and cost concerns must be resolved by them in order to save this downfall’s impact on the future growth.

The oil prices have been lowered by 60% in the later 2015- beneath US$40, all due to an uncontrolled supply and poor worldwide demand. As Saudi Arabia being the 2nd largest producer of oil and gas reserves, it continued to secure market share without any support to diminishing oil rates. They were more interested in hopping out the negligible producers in united states.

Due to such a drastic downfall, the smart and strategic decision will be required on the O&G front runners. The expense and cost concerns must be resolved by them in order to save this downfall’s impact on the future growth.

The oil prices have been lowered by 60% in the later 2015- beneath US$40, all due to an uncontrolled supply and poor worldwide demand. As Saudi Arabia being the 2nd largest producer of oil and gas reserves, it continued to secure market share without any support to diminishing oil rates. They were more interested in hopping out the negligible producers in United States.

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The crude price has not been budgeted yet in spite of the anxiousness between Russia and Turkey in late 2015. We can definitely expect lower oil prices in the future too.

To secure this from happening, O&G companies must execute the below plan;

  • Resynchronize your business strategy and think of your competitors. Concentrate on those areas which can yield profit and will help you to grow.
  • Secondly, avoid cutting costs randomly in order to sustain your company’s growth in near future. Apart from this O&G companies must tie up their funding programs to carbon-forced operating atmosphere. In short, oil production must be done with full competition by reducing its carbon footnote as much as possible
  • Apart from this, O&G companies must research new science helpful in an innovation to reduce funds and must integrate to gain an environment which should have low harmful emissions. The call for clone oil-field apps will grow as the oil prices will dive quickly.

As the technology is picking up the pace which the world can’t describe, search for an inevitable technology which will help in flourishing and producing renewable energy. Few O&G companies like Neste, Eni are searching for the refining process to use more fuel obtained from palm and animal fats to be used in aircraft.

Following the upcoming year which again will face reduced oil and gas prices, the industry will experience many challenges soon. You will have to search for opportunities which will lead you in an ongoing positive direction. Management of your business plan will be required. The scenario of oil and gas industry will definitely be different after 10 years from now. Some part of the plan will surprise you with growth and that will be a part of proof for others.