The upstream oil & gas industry suffered significant setbacks in 2015 and 2016, following the collapse of crude oil prices that had begun in mid-2014. Last year marked an inflection point in the market, and although far from complete, the much-anticipated recovery can be described as a ‘good start,’ particularly for the North American market. Current projections for 2018 suggest a continuation of this positive trend.
Resolute Research’s Matjaž Matošec discusses how the upstream oil & gas opportunities for valve sales are centered on two primary types of applications: wellhead and pipeline. The former are generally governed by the API 6A Specification for Wellhead and Christmas Tree Equipment, and the latter by the API 6D Specification for Pipeline and Piping Valves.
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