It is often said that energy is the lifeblood of an economy, that it is a key enabler that supports the economic activities of the country; however, although very important, it remains a means to an end.
The major contributors providing energy to the economy are the power (electricity), oil and gas industries. These industry sectors each utilise particular technologies generating electricity or producing products for the market. The development of new technologies and the needs of the market are constantly changing and accelerating. Technology lifecycles become shorter and what is effective and efficient today may be obsolete by tomorrow.