Tag: forecast
API: US petroleum demand highest in 11 years
The American Petroleum Institute (API) has reported that, despite higher prices, the first four months of 2018 saw US petroleum demand average 750, 000 bpd above the same period in 2017 – a sign of solid economic activity.
US oil rig count continues to climb
The U.S. oil drilling rig count rose for the fourth week in a row and ended the month sharply higher as producers plan to boost output as they reap profits from crude trading near three-year highs.
$142bn to be spent on North American oil & gas fields
GlobalData, a data and analytics company, has reported that over USD $142 billion will be spent on 97 upcoming oil and gas fields between the years of 2018 and 2025.
USA leader in planned polyethylene capacity additions
GlobalData has reported that its analysis of the global planned polyethylene capacity shows that the US has the highest planned polyethylene capacity additions globally with 9.
EIA: natural gas to increase in consumption 40% by 2050
According to the annual report from the Energy Information Agency (EIA), natural gas is predicted to see a 40% increase in consumption by the US industrial sector by 2050.
U.S. Oil Rig Count Rises for Fifth Straight Week
General Electric Co's Baker Hughes energy services firm has reported that during the week of Feb. 23, 2018, the U.S.
US expected to be net energy exporter by 2022
The Department of Energy’s statistics arm has reported that the United States of America is on schedule to export more energy products than it imports by 2022 as oil and natural gas production from the nation's shale fields keep booming and domestic energy demand remains fairly tepid, according the Department of Energy's statistics arm.
IIoT’s influence on the valve & actuator market
Frost & Sullivan's latest analysis of the pneumatic valves and actuators market finds that Industrial Internet of Things (IIoT) adoption is expected to increase significantly due to rising energy costs and end-user demand for lower product costs, improved operational efficiency, and increased machine uptime.
Static & rotating equipment forecast to 2022
According to a recent report by Transparency Market Research (TMR) the global static and rotating equipment market, which stood at USD $26,558.63 million in 2013, is anticipated to reach USD $35,868.94 million by 2022.
Forecast: global control valves market
According to a recent report by Transparency Market Research (TMR), a global market intelligence company, providing global business information reports and services, increasing investment in fluid handling technology across oil and gas sector coupled with the growing requirement of industrial process controls across different industry verticals is driving the growth of the control valves market.