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Frost & Sullivan’s recent analysis, Global Pumps Market in the Oil and Gas Industry, Forecast to 2024, finds that there has been a concentrated focus on operational expenditure (OPEX) in the oil & gas industry following the oil price plunge in 2016. Upstream companies are increasingly acknowledging digitisation as an important enabler of cost savings and profitability, and are therefore gravitating toward tools such as smart pumps.
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