Beyond BRIC: Exploring the Next Game Changers for the NDT Industry

Beyond BRIC: Exploring the Next GameBeyond BRIC: Exploring the Next Game Changers for the NDT Industry PR Newswire MOUNTAIN VIEW, California, April 10, 2014 -- Frost & Sullivan hosts webinar discussing new growth opportunities arising from the North American oil boom and unending Middle Eastern oil supply WHEN: Tuesday, April 22, 2014 at 11:00 a.m. EDT LOCATION: Online, Complimentary Registration available at http://bit.ly/1hJznZA. Nikhil Jain, Frost & Sullivan Test and Measurement Senior Research SPEAKER: Analyst The North American oil boom started in 2007-2008 when an increased emphasis was laid on the development of Canadian oil sands deposits. Since 2007, approximately $111 billion have been invested in developing these deposits. In addition, the US federal government's drive towards being a net petroleum exporter has significantly increased investment in developing infrastructure in the shale plays. With an increased pace of development of the oil sands and shale infrastructure, the oil and gas NDT inspection services market has witnessed a micro-boom. In the Middle East, there has been a spurt in investment in developing new infrastructure over the last 2 years due to high oil prices. Some of the region's biggest projects are being executed currently with the NDT industry a direct beneficiary of this investment.