‘Gearing Up’ for 2017
The election of Donald Trump to the US presidency last week should further help an already upturning domestic E&P sector through his backing of oil and gas development and potentially streamlining the permitting process on US federal lands, analysts said.
Even as many sectors of the US remain wary of billionaire celebrity Trump, a Republican, his presidency that begins next year is “clearly a net positive” for oilfield services since he has said he wants a fossil fuel revival, Evercore ISI analyst James West said.
“This will add a little bit of fuel to the fire on the North American side,” West said during a Wednesday conference call by his investment bank on the implications of the election on drilling. “If everything Trump as president-elect wants to do is done, this will only add more growth [in that arena].”
North American land drilling has already been moving to what longtime oilfield services analyst West believes will be a robust recovery next year.
So with the steadying of recent oil prices (except for the recent blip caused by the elections) and the positive direction the upcoming OPEC meeting at the end of November could bring, things are really starting to look up for 2017. Oilfield service companies have even begun hiring again in anticipation of the coming wave of activity.
At QualiCal, LLC we are ready. We have created an online store to supply those thread manufacturers with their much needed inspection gages (Gagemaker) with the ease of ordering online, which has become a big hit amongst those who enjoy the no-nonsense ‘one click and it’s done’ arrangement. We also launched The QualiCal Academy for those looking to promote their capabilities as an extension to their resumes, or perhaps for those enterprise type businesses that need to provide evidence of employee competence during audit time.
Not to mention our ever-growing scope of Calibration Services. As a leading provider of API Gage calibration with an upcoming “Thread Inspection Course” available at the end of this year, I would say that at QualiCal we are ready and excited for what 2017 has to offer. Feel free to give us a call at 985-876-7200, or visit our website for more information – www.qualical.net for your calibration services and inspection equipment needs.