For the first time, the upstream oil and gas industry will spend more than $10 billion for valves in a single year. In 2015, the expenditure will be $10.3 billion. This includes valves purchased for oil and gas extraction. It includes those used in unconventional extraction such as from sub-sea shale and oil sands. The forecast also includes valves used in LNG and gas-to-liquids plants. The analysis appears in Industrial Valves: World Markets published by the McIlvaine Company. (www.mcilvainecompany.com) Click Here For Complete News Release Text
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