Global demand is forecast to increase 3.8 percent per year through 2016 to $109 billion.
Growth in unconventional and offshore fields will help increase global demand.
U.S. demand for oil and gas infrastructure equipment is projected to exceed
$12 billion in 2016.
Proppant demand is projected to increase more than 10 percent to $6.1 billion by 2016.
U.S. well stimulation material demand to approach $12 billion in 2016.
Weir CEO Keith Cochran joined me to discuss the company's new products and the oil and gas industry.
Demand for services in gas shale plays is expected to increase through 2015.
Oil and gas industry challenged by international social/political unrest and Japanese disasters.