In search of new opportunities and products, industries are looking into the implementation of new technologies which are helping them to prosper in the market. The oil and gas industry for many years wasn’t exploiting the new opportunities and therefore was not interested in implementing or searching for new technologies. Now that trend is altering, and oil and gas sector is at a pivot point in its evolution. The rise of new technologies accompanied by increasing global awareness of environmental impact is transforming the industry to improve its efficiency along with meeting environmental regulations to ensure its continued success on a global scale.
The desire or need to implement new technology is usually driven by necessity to solve the problem, and oil and gas industry is no exception. GTL technology brings a solution for oil and gas companies in achieving the emission reduction or flare elimination goals, providing a competitive edge across the saturated market. The increasing demand for energy sources will require the industry to work collaboratively with governments and regulators to provide the innovative solution to tackle global concern of the climate change.