Tools commonly used in the Oil & Gas-Production industry for day-to-day tasks and operations.

• Drill bits
• Casing and tubing
• Wellhead equipment
• Artificial lift systems
• Hydraulic fracturing equipment
• Mud pumps
• Blowout preventers
• Production separators
• Gas compressors
• Pipeline inspection tools

Common products and services typical of NAICS Code 211120-03, illustrating the main business activities and contributions to the market.

• Offshore drilling
• Onshore drilling
• Oil sands extraction
• Hydraulic fracturing
• Oil and gas processing
• Oil and gas transportation
• Oil and gas storage
• Oil and gas exploration
• Well completion
• Reservoir engineering

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• API 510 Pressure Vessel Inspector Certification: This certification is required for individuals who inspect pressure vessels in the oil and gas industry. It is provided by the American Petroleum Institute (API).
• OSHA 30-Hour General Industry Outreach Training: This training is required for workers in the oil and gas industry to ensure they are aware of the hazards and safety procedures in the workplace. It is provided by the Occupational Safety and Health Administration (OSHA).
• Hazardous Waste Operations and Emergency Response (HAZWOPER) Certification: This certification is required for workers who handle hazardous materials in the oil and gas industry. It is provided by OSHA.
• National Association Of Corrosion Engineers (NACE) Coating Inspector Certification: This certification is required for individuals who inspect coatings on equipment and structures in the oil and gas industry. It is provided by NACE International.
• Certified Safety Professional (CSP) Certification: This certification is required for safety professionals in the oil and gas industry. It is provided by the Board of Certified Safety Professionals (BCSP).

A concise historical narrative of NAICS Code 211120-03 covering global milestones and recent developments within the United States.

• The "Oil & Gas-Production" industry has a long and rich history worldwide. The first commercial oil well was drilled in Pennsylvania, USA in 1859, which marked the beginning of the modern oil industry. In the early 20th century, the industry experienced a significant boom due to the increasing demand for oil and gas. The industry played a crucial role in both World Wars, providing fuel for military vehicles and aircraft. In the 1970s, the industry faced a major crisis due to the oil embargo imposed by the Organization of the Petroleum Exporting Countries (OPEC), which led to a significant increase in oil prices. In recent years, the industry has been focusing on developing new technologies to improve efficiency and reduce environmental impact. In the United States, the "Oil & Gas-Production" industry has a rich history as well. The first commercial oil well in the US was drilled in Titusville, Pennsylvania in 1859. The industry experienced a significant boom in the early 20th century, with the discovery of large oil fields in Texas, Oklahoma, and California. The industry played a crucial role in the US economy during World War II, providing fuel for the military. In the 1970s, the industry faced a major crisis due to the oil embargo imposed by OPEC, which led to a significant increase in oil prices. In recent years, the industry has been focusing on developing new technologies to improve efficiency and reduce environmental impact.

The anticipated future trajectory of the NAICS 211120-03 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The future outlook for the Oil & Gas-Production industry in the USA is positive, with an expected increase in demand for oil and gas in the coming years. The industry is expected to benefit from the growing global population and increasing urbanization, which will drive demand for energy. Additionally, the industry is likely to benefit from the increasing use of natural gas as a cleaner alternative to coal. However, the industry will also face challenges, including increasing competition from renewable energy sources and the need to address environmental concerns related to oil and gas production. Overall, the industry is expected to continue to play a significant role in the US economy in the coming years.

Recent groundbreaking advancements and milestones in the Oil & Gas-Production industry, reflecting notable innovations that have reshaped its landscape.

• Advancements In Hydraulic Fracturing Technology: This technology has allowed for the extraction of oil and gas from previously inaccessible shale formations, leading to a significant increase in domestic production.
• Increased Use Of Horizontal Drilling: This technique has allowed for more efficient extraction of oil and gas from shale formations, leading to increased production and lower costs.
• Development Of Offshore Drilling Technology: This technology has allowed for the extraction of oil and gas from deepwater locations, expanding the potential areas for exploration and production.
• Use Of 3D Seismic Imaging: This technology has allowed for more accurate identification of oil and gas reserves, leading to more efficient and cost-effective exploration and production.
• Increased Use Of Automation and Digital Technologies: These technologies have allowed for more efficient and cost-effective operations, including remote monitoring and control of production facilities.