The oil and gas field machinery industry includes field tools, oil derricks, drilling rigs and tools, well logging and surveying equipment, and general gas well and oil field machinery and equipment.

Gas Flaring is a desperate burning of natural gas that is associated with petroleum when it is emitted into the air. It is pumped from the ground into the air during burning. Usually, the oil prospecting companies do not set out to exploit the natural gas, but when it is incidental to the exploitation of petroleum, they will have to burn it so as to enable the tapping of the oil.

However, this does not mean that the natural gas could not be exploited for utilization. It could be that the company does not have required technological instrument to harness it in the process of oil exploitation.

Jordan company for oil and gas

The health of the oil and gas field machinery industry is inextricably tied to capital expenditures in the oil and gas extraction industries whose health in turn is dependent on the price of oil.

Antarctica is not a center for gas extraction and oil refining due to the continent's protected status under the Antarctic Treaty, which prohibits commercial exploitation of its resources.