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How Does The Price of Oil Affect New Energy Investments?

How Does The Price of Oil Affect New Energy Investments?

June 19, 2017 by Dennis Miller0

With oil prices lower than they have been in years, many Americans find they are able to fill up their cars with gasoline or warm their homes with heating oil for much less money– you can give thanks to the boom in shale gas for that. But not everyone benefits from the oil industry downturn– many countries’ economies are suffering from the low energy prices. So what implications does the drop in oil price have for the pre-commissioning cleaning industry?

Like any other major construction project, plant construction reaches a point where it is financially unwise to stop or turn back. Since oil refinery construction projects take so long to accomplish, most are now past that point and the construction process must be completed. Meaning, projects will still move forward with pre-commissioning activities despite the price downturn.

Fortunate for us, our industry remains stable despite the significant drop in oil prices. This is because of our position in the industry. Unlike the upstream and midstream sectors of the industry that deal with actual exploration, drilling, and piping, our workflow has not become stagnant because actual processing and refining crude oil must continuously happen for our world to continue to function as it does.

We are still actively performing our valuable pre-commissioning services. Our pre-commissioning cleaning services, such as air blowing, chemical cleaning and AquaLazing, prepare the refinery systems for production. B&W provides tremendous value and benefit to the overall construction process by providing services during the most critical link of a project’s life cycle– the pre-commissioning stage.

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B&W Energy Services is ISO 9001:2015 certified global full service provider of pre-commissioning and pre-commissioning cleaning services. Through commitment, dedication, and unmatched service quality, B&W Energy Services has positioned itself as an industry leader providing services on the world's most complex projects. Our experience is not simply limited to the power energy sector. At B&W Energy Services our experience is vast, covering all energy sectors including oil and gas, petrochemical, power and renewable. Aqualazing, steam blowing, chemical cleaning, air blowing, oil flushing, project management and engineering.

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