Natural Gas Budgets Drop, But Facilities Increase
Despite being in a fiscal conservation mode, slightly more than half of natural gas companies are planning to construct new facilities in 2003.
Despite being in a fiscal conservation mode, slightly more than half of natural gas companies are planning to construct new facilities in 2003, according to a recent study from Basic Systems, a consulting engineering firm based in Derwent, Ohio.
The firm, which specializes in pipeline and facility design for the natural gas industry, surveyed design professionals in both the public and private sectors across the United States. Findings from the Natural Gas Industry Survey include:
Capital budgets are decreasing. More than half of the respondents say that their capital budgets will decrease this year.
Fiscal conservation prevails. Some 66% of companies responding indicated that they were operating in a fiscal conservation mode.
New facilities will rise. More than half the respondents say that despite the budget restraints, they have plans for new facilities. Most likely new construction will be pipelines, distribution facilities, compressions stations and mains.
Improvements will be made. A majority of companies also plan to renovate some of their facilities in 2003.
For more information, visit online at: www.bsinaturalgas.com .
- Events & Awards
- Magazine Archives
- Oil & Gas Engineering
- Salary Survey
- Digital Reports
- Survey Prize Winners
Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey