के सभी प्रकाशन Vijay Kumar . दिल्ली , भारत


A Complete Guide of Centralizers and Float Equipment - 2022

Centralizers are casing equipment used to maintain the consistency of the cement sheath all around the pipe. In essence, these devices act as a reliable seal between the wellbore and casing. It offers a landing platform for the bottom and top cementing plugs to prevent cement from leaking back into the inner diameter. Float equipment is a type of equipment used to lessen the strain on the derrick.

Crude oil price volatility is still having an effect on global E&P investment. This may eventually have an influence on the value chain of upstream oil and gas projects. Furthermore, the expansion of the centralizers and float equipment market may be impacted by fluctuations in crude oil prices. This is depending on the political and economic health of oil-producing countries.

Manufacturers of well-completion equipment have an opportunity due to the recent finds of oil and gas in continental shelves and sedimentary basins in the Vaca Muerta (Argentina) and Arctic Circle. The potential for oil and gas production from these recent finds is enormous.

For instance, The Arctic area is thought to include over 90 billion barrels of unknown oil. Moreover, the area also includes 1,669 trillion cubic feet of undiscovered gas and 44 billion barrels of unknown natural gas liquid, as per the USGS.

Additionally, the need for fossil fuels to meet domestic transportation, energy generation, and other related sectors' needs has been boosted by economic expansion in various nations. Global energy demand is anticipated to expand, which will drive upstream E&P activity in the upcoming years. The OPEC predicts that by 2040, the oil consumption will reach 111.1 million barrels per day.

For example, the second stage of the Mad Dog oil field project was started by BP plc. In the same vein, Royal Dutch Shell plc's announcement to explore the Penguins area in the North Sea showed a commitment to E&P activities. Therefore, the demand for centralizers and float equipment will grow as a result of this trend in E&P initiations.

Around 80% of the world's oil and gas wells were drilled in onshore areas. However, due to recently found offshore fields, activities in offshore fields are predicted to advance faster than onshore operations. As a result, the demand for centralizers and float equipment will increase along with the need for well-completion equipment.

Every fourth or third knuckle joint has a centralizer, which keeps the casing from resting on the edge of the borehole. Since the casing and borehole wall are evenly spaced apart, cement may be distributed evenly across the annular region, preventing thin sections. A mud cake channel is generated by thicker drilling mud that travels up the annulus due to an uncentered casing caused by uneven cementing, which is a major cause of groundwater pollution.

Source: P&S Intelligence

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Increase Application of Bio-Based Acrylates to Avoid Skin Allergies Propel Acrylates Market

Non-surfactant suspending agents with film forming, anti-static, and binding abilities are known as acrylates. They are composed of methacrylic acid and acrylic acid building blocks. The acrylates market is projected to experience the fastest growth in the APAC region, caused by the population explosion, increase in disposable income, and rapid urbanization. It results into increase requirements for adhesives & sealants, paints & coatings, leather chemicals, textile chemicals, and acrylic fibers in the automotive, construction, and chemical industries.

Moreover, the surging investments in construction activities fuels in India, Japan, China, South Korea, and other South Asian countries are predicted to contribute to the rising demand for the formulations of acrylic-based paint, which will, in turn, drive the region’s market. Furthermore, the high consumption of water-based paints and coatings results in the rapidly growing demand for acrylates.

Furthermore, China dominates the APAC acrylates market, due to snowballing demand for the acrylates in automotive OEM coatings, architectural coatings, and special purpose construction coatings. The massive manufacturing capabilities of the country, led by the availability of inexpensive raw material and labor, coupled with the extensive downstream demand, resulted in the massive application of acrylates in the country.

The rising preference of consumers toward acrylic-based emulsions over oil-based products has been witnessed in the acrylates market, owing to their various benefits, such as color fastness, reduced drying time, wear, and water resistivity, and eco-friendliness. Moreover, water-based paints possess durability and stability in extreme conditions, and are free from VOCs, resulting in incentives for their interior and exterior wall coating applications.

Bio-based acrylates have a high potential to offer to the acrylates market players, including the diversified portfolio, and market share augmentation, attributed to the skin allergies caused by major acrylates, such as methyl acrylate, 2-ethyl hexyl acrylate, ethyl acrylate, and butyl acrylate. The non-toxic and renewability of the bio-based variants are predicted to offer numerous opportunities to the market players in the near future.

Under the type segment, butyl acrylate will showcase the fastest growth in the acrylates market, as it is also substantially used in the formulations of the latex paint that contains acrylic polymers, due to the sunlight resistivity and low-temperature stability. In addition, under the application segment, paints and coatings hold the largest share of the market, owing to acrylic paint application for interior and exterior wall coatings led by color retention and high gloss benefits.

Moreover, the worldwide expansion of the construction sector due to the rising population and urbanization rate, with increased investments in the development, renovation, and refurbishment of high-rise buildings lead to an increased demand for acrylate-based paints & coatings, due to their beneficial properties as discussed above.

The major companies in the acrylates market are Dow Inc., Formosa Plastics Corporation, Arkema Group, and SunVic Chemical Holding Limited. Other companies operating in the market include China National Petroleum Corporation, Jiangsu Sanmu Group, China Petroleum & Chemical Corporation, and Shenyang Chemical Co. Ltd.

Therefore, the massive demand for acrylic paints and coatings led by rapid urbanization leads to the expansion of the construction sector resulting in increased infrastructural activities and hence causing a market boom.

Read more: https://www.psmarketresearch.com/market-analysis/acrylates-market

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Low-Strength Proppants Market Is Predicted To Advance At Significant Rate

In hydraulic fracturing, proppant is defined as "sand or similar particle material dispersed in water or other fluid and utilized to keep fissures open. There are two types of proppants, low-strength proppants, and high strength Low-strength proppants. The low-strength proppants market will grow at a significant pace in the coming years. Some of the key factors propelling the market are the rise in exploration and production (E&P) activities and technical improvements in crude oil recovery.

In the past years, crude oil had the biggest share in the low-strength proppants market. This is mostly due to the rise in crude oil consumption and the availability of unconventional oil sources around the globe. The development of significant amounts of unconventional oil is being heavily prioritized by nations including the U.K., the U.S., Saudi Arabia, and Russia, which is increasing demand for low-density proppants.

According to the IAEE, it is predicted that by 2030, the volume of unconventional oil production will have increased from 3.05 mbpd to 3.75 mbpd. Due to these reasons, crude oil is anticipated to maintain a substantial share of the low-strength proppants market. The usage of low-density proppants is expected to surge in the coming years as a result of the growth of E&P operations throughout the world.

In addition, North America has made a substantial contribution to the production of both conventional and unconventional oil and gas throughout the years. Nearly 80% of the recently drilled wells in the region are from the U. S. With the opening of its shale assets for commercial development, Canada is also gaining momentum. Because low-strength proppants can boost the flow of oil or gas during the hydraulic fracturing process, their consumption is expected to rise with the expansion of E&P activity in the region.

Moreover, market players in the APAC and North American regions are heavily investing in technology to improve the search for new oil and gas deposits. Additionally, it is expected that energy output, particularly in the United States, will increase significantly, which is driving the development of new and enhanced technologies that will ensure rapid corporate growth and simple recovery procedures.

Read more: https://www.psmarketresearch.com/market-analysis/low-strength-proppants-market-outlook

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