The oil and gas industry according to most commentators is on the rise, following devastating price crashes between 2014 and 2016, with offshore activity particularly booming. According to market research by business intelligence firm IBISWorld, the total revenues for the oil and gas drilling sector was US$2 trillion in 2017. The oil and gas drilling sector currently makes up something between 2% and 3% of the global economy.

Advanced metal coating specialist Hardide, based in the UK, reported this year that it had raised around £3.6 million to invest in a new UK facility to replace its existing site. It has identified newly completed premises close to its existing facility in Bicester, Oxfordshire, with a footprint of around 20,000 ft2 (doubling the floor space available in its existing UK premises), providing a significant increase in productive floor area with space for further expansion. The new building also has a greater roof height which will enable larger coating reactors to be installed.

The company also plans to invest in three further coating reactors of differing capacities and dimensions, one of which will be larger than those currently offered, making it possible for the company to apply coatings to larger components such as turbine blades used in the power generation industry. The company also recently appointed an oil and gas business development engineer for North America who is based in Houston, Texas. Robin Gillham, Hardide Coatings’ business development manager responsible for the oil and gas sector in Europe, has been at the company for 12 years working in flow control and oil and gas.

‘Traditionally, oil and gas has been our biggest sector, and we think it will expand over the next few years,’ Robin told Metal Powder Report. ‘Last year we had our best ever year, and a proportion of that was attributed to new supplier agreements that we have in the oil industry.’

This article appeared in the July–August 2019 issue of Metal Powder Report Log in to your free materialstoday.com profile to access the article.

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