In recent years, Liquefied Natural Gas (LNG) has emerged as an environment-friendly clean fuel for use in automotive industry across major global economies. Vehicle owners across major global markets are gradually moving towards LNG fueled vehicles. Major factors that are driving the adoption of LNG as a fuel in automobiles include significantly lower carbon emissions and cost-effectiveness of LNG compared to conventional fuels. Consequently, an increasing number of countries are emphasizing on the adoption of LNG as a fuel as it would lower their dependence on crude oil.

Increased demand for energy worldwide has put an ever-increasing pressure on onshore oil and gas exploration and production activities. Growth in industrialization along with a rapid increase in population has led to a rise in global oil and gas consumption. Technologically advanced techniques to enhance the reservoir recovery are helping in mitigating increased demand for oil and gas by increasing the production from browning oil fields and unconventional oil and gas recovery.

Offshore oil and gas production refers to the oil and gas extraction process that takes place mostly in the seabed and oceans. Oil and gas are extracted from the wells and transferred through ships and pipelines to refineries. With the increased depletion of onshore oil and gas resources, offshore resources experienced a greater demand in the supply of oil and gas. The growing interest in the offshore resources is explained by the fact that over the last 20 years, the number of large offshore discoveries has been greater than the onshore oil and gas explorations.