NEWS RELEASE                                                                                         August 2018 

Rapidly Changing Market for Valves used in Oil and Gas Industry

A supplier of valves to the oil and gas industry has to assess the market almost as frequently as a day trader in stocks. Here are just some of the variables

                   2019 Valve Purchases $ millions*
Company Headquarters Purchases
Sinopec China 728
China Nat. Petr. China 686
PetroChina China 589
Total SA France 339
Kuwait Petroleum Kuwait 403
Royal Dutch Shell Netherlands 424
ExxonMobil U.S. 430
BP UK 356
Saudi Aramco Saudi Arabia 717

* (does not include refinery purchases)

The McIlvaine N028 Industrial Valves: World Market provides forecasts which are continually updated.

N049 Oil, Gas, Shale and Refining Markets and Projects provides daily tracking of projects and maintains profiles of oil and gas companies.

N031 Industrial IOT and Remote O&M   provides analysis of the opportunity for valve suppliers to provide automation and data analytics packages.