August 5, 2022: It’s no secret that the oil and gas industry is one of the largest sectors in the world. Statistics show the industry generated approximately $5 trillion in 2022. Oil and gas demand remains sky-high because it’s essential to most people’s lives. While many nations have invested in more renewable energy solutions, like wind, solar, geothermal, and nuclear, the reality remains that oil and gas are the most commonly used fuel sources for electricity generation, heating, and other purposes. However, while there might be plentiful oil and gas resources worldwide, they’re quickly depleting. Oil and gas exploration and production companies compete to unearth these resources from the Earth’s subsurface before others. Naturally, they require extremely expensive and state-of-the-art equipment to help them extract these resources, and that’s where CNPS enters the picture.

The oilfield services and equipment market may be smaller than the total oil and gas industry, but it comprises a significant portion. Statistics show the global oilfield services market was worth approximately $267.82 billion in 2019. More importantly, analysts predict the market will grow to $346.45 billion by 2027, growing at a compound annual growth rate of 6.6 percent.

Oil and gas exploration and production companies need the latest state-of-the-art equipment for various reasons. The right equipment helps these organizations extract more oil and gas efficiently. In addition, the oil and gas sector is known for challenging and often dangerous working conditions. The right equipment helps workers perform their tasks while minimizing harm.

CNPS is a complete energy solutions provider. The company began operating in 2008 by offering oil country tubular goods and equipment, like pipes and bars, to the oil and gas industry. Since then, the company has gone from strength to strength. The company has grown exponentially, becoming a complete energy solutions provider. While the company’s priority remains to establish itself as a leading oil and gas solutions provider, it’s much more than that. CNPS also offers advanced renewable energy solutions, including geothermal energy and onshore and offshore wind energy solutions.

Furthermore, the company also provides quality nonmetallic solutions for industrial use, like fiberglass products and solutions. The company’s fiberglass piping systems and tanks are used in many industries, including the oil and gas sector. Furthermore, the company also builds electronic solutions for home and office use. The company’s manufacturing plant in China produces television and mobile accessories.

In conversation, a company spokesperson shared, “The oil and gas industry is huge. While there has been a growing shift towards cleaner and greener energy, the reality remains that oil and gas remain essential for the foreseeable future. Countries are unlikely to become completely carbon-free over the next two or three decades. Moreover, oil and gas solutions are crucial because they’ll help bridge the gap as nations transition from non-renewable to renewable energy solutions. CNPS aims to help oil and gas exploration and production companies thrive in harsh working conditions. As a result, we offer safe, reliable, and quality equipment to these organizations to help them extract the necessary oil and gas reserves safely and efficiently.”

Those looking for oilfield equipment and services, renewable energy solutions, nonmetallic solutions, or electronic components can contact CNPS through the information provided below.

About CNPS
CNPS is a complete energy solutions provider. The organization launched in 2008, offering OCTG pipes and bars products and solutions. Since then, they’ve grown to become a leading energy solutions provider. Their offerings include renewable and sustainable energy solutions, oilfield service equipment, electronic product solutions, mud logging equipment, etc.

Contact CNPS
Website: www.cnps.com