News Archive for Shipbuilding News, Subsea News

C-Vision NANO now on board with Wessex Archaeology!

C-Tecnics

The C-Tecnics ‘C-Vision NANO’ is a welcomed addition to the tools available to Wessex Archaeology helping them to provide their customers with a market leading service.

Since 2004, Wessex Archaeology has owned and operated one of C-Tecnics earliest models of colour video system, named the ‘Colourwatch’. 2016 saw a change for the diving team as their video system was upgraded to the latest offering from the C-Vision range, The C-Vision NANO.

The new acquired piece of C-Tecnics equipment serves as a portable video-capture system designed specifically for use with a laptop. The C-Vision is being used for underwater diving operations, this distinctively developed unit combined with its easy-to-use video monitoring and recording software, is ideal for a number of diving operations. Just install the software, plug in and you’re ready to go.

Graham Scott, Diving Superintendent at Wessex Archaeology commented:

“Wessex Archaeology has always prided itself on providing innovative technological solutions to archaeological problems. The acquisition of this new C-Tecnics camera and Nano digital recording system provides us with a step change in our archaeological inspection capabilities that also retains our cost-effective edge. By combining it with our other digital recording and positioning systems and archaeological expertise, this system helps us to provide our clients with a sector leading service.”

Wessex Archaeology, with offices nationwide, was founded as the Wessex Archaeological Committee on 1st May 1979. In 1983 the name changed to the Trust for Wessex Archaeology and it became the not-for-profit charitable company which it remains today. Wessex Archaeology’s divers have provided diving services to national curators and marine developers since 2003 and their divers are regularly commissioned to dive on sites of archaeological significance.

C-Tecnics, based in Aberdeen, Scotland, is a manufacturer of high quality diving and subsea equipment, who specialise in underwater video and communications products for the subsea community.

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Toby Gane and Paolo Croce retrieving dropdown camera. Crown (C) taken by Wessex Archaeology.

For more information please visit: c-technics.com

 

Subsea power grid industry – A market waiting to boom as offshore exploration gathers steam; research report 2020

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Offshore oil and gas exploration activities need failsafe power supply and in massive quantities at that. This has increased the reliance of exploration companies on subsea power grids, creating a profitable window of opportunities for companies in the subsea power grid market. This report studies the other high-impact drivers that will prompt greater investments in subsea power grids, thus helping the market grow rapidly. The energy requirements of deepwater exploration operations are especially high and critical considering that these operations are typically carried out in harsh conditions.

The growth of the global subsea power grid market is expected to run parallel to that of offshore oil exploration activities across the world. For the purpose of this study, the global subsea power grid market has been segmented based on the source of power generation, components used in the power grid, and geography. By power grid components used, the market has been segmented into variable speed drives, subsea transformers, and switchgears. Likewise, based on the source of power generation, the market has been divided into wind power, captive power, and other sources (mainly tidal).

From the standpoint of geography, markets in the following regions are studied: Asia Pacific, North America, Europe, and Rest of the World.

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Overview of the Global Subsea Power Grid Market

The report projects healthy growth for the global subsea power grid market through the current decade. According to the report’s authors, the increased pace of offshore oil and gas exploration activities in Latin America and Africa are expected to provide a massive push to the overall subsea power grid market. A look at the current market dynamics reveals that exploration companies are currently exploring investment opportunities to invest in power supply solutions for offshore, deepwater locations.

On the subject of market drivers, the report notes that depleting onshore oil and gas reserves have compelled companies to look at offshore reserves – this is expected to augur well for the subsea power grid market. Moreover, the deployment of renewable energy sources at offshore locations improves the feasibility of supplying power through subsea power grids, acting as a driver for the global subsea power grids market.

The report predicts that the growth of the subsea power grid market in North America will grow only marginally but the scenario in Latin America and Africa will be contrasting given the frenzied drilling and exploration activities occurring here. In Europe, as well, investments are flowing into the oil and gas sector in Norway. Ambitious offshore wind farm projects in Europe will also support the growth of the subsea power grid market in this region.

Even so, growth could be hampered by the high operational risks involved in deploying, maintaining, and upgrading subsea power grids. This factor also adds to the cost of deploying subsea power grids, acting against the market’s growth.

Companies Profiled in the Report

The report on the subsea power grid market carries a competitive analysis by profiling the following companies: FMC Technologies Inc., Cameron International Corporation, Aker Solutions ASA, Technip SA, Siemens AG, and General Electric Company.

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Demand in subsea electrical power distribution systems market fueled by matured onshore oilfields; report

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Electric power distribution facilities in subsea locations are very different than those observed in offshore facilities or locations situated on land. Subsea locations are point to point electrical distribution systems and have a very limited set of routing alternatives. It is for the highly innovative, technically complex, and advanced power distribution systems made for subsea locations that the capabilities of some deep water oil and gas reserves are fully exploited.

Global subsea electrical power distribution systems market enable the proper supply of all electrical loads to subsea drilling, exploration, and other activities, using one single power cable. The typical elements of a subsea electric power distribution system include installation equipment, transformers, and subsea frequency convertors. For ensuring reliability, the equipment is usually kept enclosed in a liquid filled tank.

Existing Subsea Electric Power Distribution Systems

The electric power distribution solutions for subsea locations currently available in the market require the use of one cable dedicated to each pump or compressor (electricity consumer). As such, a major portion of costs incurred in deploying a subsea electric power distribution system is formed by the cost of cables used. Thus, cables represent an important segment that exhibits impressive opportunities for reducing the overall cost of any subsea electric power distribution system.

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Subsea electrical power distribution systems enable the effective transmission, distribution, and control of electric power as per the subsea situations. The need for high voltage power supply in the megawatt range and availability of distribution system closer to the end-user system are facilitated by specially designed subsea power distribution systems. The use of lesser number of on-load and start-up motors in subsea power distribution systems lead to reduction in the several problems caused by resonance and harmonics.

Maturing Onshore Oil and Gas Reserves to Boost Subsea Exploration Activities

Across the globe, a rising number of onshore oil and gas reserves are nearing maturity and some have already matured. On the other hand, the ever increasing demand for oil and gas products from the global population, which again is rising at an extreme pace, presents the dire need to look for newer oil and gas reserves. Hence, leading oil and gas industries have focused their attention at potential deep seawater or subsea oil and gas reserves.

In the next few years, subsea exploration activities are projected to increase at a swift pace across the globe. With the expansion of subsea oil and gas exploration market in the future, subsidiary markets such as subsea boosting systems and subsea electrical power distribution system will also embark upon a good growth path.

Rising Demand in Latin America Presents Huge Growth Opportunities

The market is observing increased attention and adoption from the subsea oil and gas production regions of Africa, Middle East, and Latin America. The rising investment in the field of subsea exploration and production in these regions is expected to create significant growth opportunities for the global market for subsea electrical power distribution systems in the coming years. Latin America especially represents one of the most lucrative regions for the global subsea exploration and production market and for its supplementary markets.

Research Report:http://www.transparencymarketresearch.com/subsea-electric-power-distribution-market.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

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Unique Group continues its global expansion plans with the purchase of Singaporean company Oceanvision PTE

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On the 13th July 2016, Unique Group, the leading integrated subsea and offshore solution provider, through its subsidiary Unique Maritime Group (SEA) PTE Ltd, completed the acquisition of Oceanvision PTE Ltd and Oceanvision Equipment Services PTE Ltd. Oceanvision will now be part of the Unique Group of Companies and is the third acquisition that Unique has made in the last nine months.

Oceanvision Pte Ltd specialises in manufacturing and supplying imaging and intervention products for sub-ocean, marine, offshore and petrochemical industries for use in hazardous areas and harsh environments.

12 months ago the founder, chairman and CEO of Unique Group, Harry Gandhi, outlined his plan to grow his business in line with customer requirements and market opportunities and this latest acquisition is a further execution of that growth strategy.

“Opening an office in Singapore is an important milestone for the business.” commented Harry. “The team at Oceanvision provides us an immediate presence in the area and, with this company’s strong reputation and history, their fit within Unique Group is excellent. We will invest significantly (circa £5million) and quickly so that we can give our customers access to the full offering across our group divisions and companies. In particular, we will strengthen our engineering base to provide our full on-site engineering services to the region as well providing Capex for our diving and survey divisions to enhance their stock in the area. We also plan to recruit key personnel in the area, however the day-to-day running of the business will be continued by the current team at Oceanvision led by founder, Ian Johnson.

Svein Gunderson, engineering manager, commented, “This is an exciting time for Oceanvision as we become part of the globally respected Unique Group. I, and the team, look forward to working with our new colleagues at Unique. The additional products and services we can now offer will be advantageous for our current customers and provide new opportunities that exist in the area.”

As an independently owned global company, Unique Group leads the way in providing engineering expertise, sales and rental equipment, and the latest technology for the marine, diving, survey, pipeline and subsea market sectors.  Unique Group delivers bespoke, off-the-shelf engineering solutions and cost efficiencies across the oil and gas supply chain – onshore and offshore, surface and subsea. Unique Group employs over 500 people worldwide through its six multi-site divisions: Survey Equipment; Marine & Subsea; Diving & Life Support; Buoyancy & Ballast; On-Site Engineering; and Specialised Boats.  Its 200-plus dedicated engineering specialists work across nine strategically important global oil and gas regions – USA, UK, Europe, Singapore, India, South Africa, Saudi Arabia, UAE and Qatar.

For more information please visit: www.uniquegroup.com

Manager of Engineering Projects appointed at AquaTerra Group Ltd

AquaTerra Group Ltd, specialists in offshore construction, rigging and lifting and decommissioning has announced the appointment of a new Manager of Engineering Projects.

With more than 18 years’ of successful experience in engineering and 11 years’ in the international Oil and Gas Industry, Stephen Taylor commenced his new role in the company earlier this month. In a move that underpins AquaTerra’s drive to restructure business efficiency to meet the demands of the current climate, Mr Taylor will play a crucial role in the firm’s strategy to bring real change to its operational activities.

His role within AquaTerra’s Operations Team will see Mr Taylor manage multi-disciplined construction projects for a number of key clients.

Peter Robinson, Managing Director, AquaTerra Group said “This is a key appointment for AquaTerra as demand for our specialist construction skills grows. In the current climate our clients are seeking integrated solutions to reduce costs and, as part of that initiative, we believe that providing engineering support to our portfolio will greatly enhance our services.  Stephen’s 11 years in both the drilling and production sectors, as a client and contractor, means he brings to AquaTerra a broad experience and added value.

“AquaTerra has a number of high profile projects approaching and we are looking forward to Stephen’s contribution in delivering these as part of the team.

“So, we’re delighted to welcome Stephen in the midst of an exciting phase in the growth and development of the company.

“One of the greatest assets of AquaTerra is the ability to respond quickly and as a company, we have taken positive and pro-active steps over the past two years to shape and re-shape our business to meet the challenges of the current climate and market. Stephen’s skills and knowledge will complement the skills we have within the existing team well and will be a valuable resource as we continue to grow the business both internally and externally. ”

For more information please visit: http://aquaterra.co.uk/

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Left to Right: Peter Robinson, Managing Director, AquaTerra Group Ltd with Stephen Taylor, Manager Engineering Projects, AquaTerra Group Ltd.

Marine lubricants market size to exceed $13 bn by 2023: Global Market Insights Inc.

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Marine lubricants market size was estimated at 2.6 million tons in 2015, as per the latest research report by Global Market Insights, Inc. Increase in seaborne trade coupled with shipbuilding industry development should benefit marine lubricants market growth. According to International Chamber of Shipping (ICS), approximately 90% of the global trade was carried out by the international shipping industry.

Global marine lubricants market size looks poised for USD 13.1 billion revenue by 2023. Government initiatives such as the creation of Transatlantic Free Trade Area, Transatlantic Trade and Investment Partnership as well as other existing initiative such as Asia Pacific Trade agreements may favor marine lubricants demand.

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Engine oil application was dominant and accounted for over 44% of the overall demand in 2015. Increasing ship engine capacity and efficiency has led to growth in engine oils demand.

Marine engine oils classification includes TPEO (trunk piston engine oils) and MDCL (marine diesel cylinder lubricants). TPEOs are majorly employed in four stroke engine lubrication of costal and cruise ships, while MDCLs are employed in two stroke engines for large cargo or container ships.

Key issues, recyclability, aqueous toxicity and biodegradability, may challenge marine lubricant market share. Most additives used in product formulation are petrochemical derived; they can pose serious threat to water pollution.

Browse key industry insights spread across 77  pages with 54 market data tables & 14  figures from the report, “ Marine Lubricants Market Size By Product (Bio-Based, Synthetic, Mineral Oil), By Application (Grease, Hydraulic Oil, Engine Oil), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/marine-lubricants-market
Key insights from the report include:

  • Global marine lubricant market size is forecast to attain gains at 3.7% CAGR and register 3.47 million tons by 2023.
  • Mineral lubes market size was dominant by accounting over 86% the overall demand in 2015. Key supporting factors, low cost and easy availability of mineral oils, will most likely benefit this segment.
  • Europe marine lubricants market size, with Germany and UK as major contributors, dominated the overall consumption with over 1.07 million tons in 2015. Synthetic lube in Europe is forecast to attain highest gains at over 6.4% in revenue terms and register more than USD 500 million by 2023.
  • Asia Pacific, led by China, Japan and South Korea, is estimated to witness highest gains at over 3.9% CAGR up to 2023. Hydraulic oil application in Asia Pacific may grow significantly and register over USD 970 million by 2023.
  • North America, dominated by the U.S. shipping industry, may experience moderate gains and register over USD 1.65 billion by 2023. U.S. marine lubricants market size is forecast to reach over 340 kilo tons by 2023 with expected gains at above 3.2% CAGR.
  • Global marine lubricants market share is competitive and moderately consolidated. Notable industry participants include Chevron, ExxonMobil, BP Marine, Royal Dutch Shell and Total. Major industry participants are partnering with biotechnology companies to gain competitive advance.
  • Other prominent companies include LUKOIL, Sinopec, Quepet and Gulf Oil Corporation. Industry has witnessed joint ventures and mergers & acquisitions as key growth strategy.

 

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Global Market Insights has segmented the marine lubricant industry on the basis of application and region:
Marine Lubricants Market Product Analysis (Volume, Kilo Tons and Revenue, USD Million, 2012 – 2023)

  • Bio based
  • Synthetic based
  • Mineral based

Marine Lubricants Market Application Analysis (Volume, Kilo Tons and Revenue, USD Million, 2012 – 2023)

  • Grease
  • Hydraulic oil
  • Engine oil
  • Others

Marine Lubricants Market Regional Analysis (Volume, Kilo Tons and Revenue, USD Million, 2012 – 2023)           

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

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Source: Global Market Insights, Inc.

 

Unique Group’s diving & life support team develops extended reach diver LARS

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Unique Group is a global subsea and marine service company. The Diving & Life Support equipment manufacturing division is a specialist division focusing on the design, build and installation of commercial and military diving equipment.

Unique’s HYDRA brand has sold over 200 Diver Launch and Recovery units worldwide to the Oil and Gas industry and continue to research and develop their systems in order to provide industry with their best value solution.

The company has developed their new LRE50-A2 Extended Reach Diver Launch and Recovery system. The LRE50-A2 is designed to resolve an operational requirement to deploy divers a distance off of the side of a vessel.

DP Diving vessels need to keep a safe distance from Oil and Gas Platforms or FPSOs. This distance offset from the dive site is a challenge to diving operators as the divers excursion distance is limited by umbilical lengths that need ensure the diver is always kept at a safe distance from the vessel DP thrusters.

To overcome this operational challenge, diving contractors will typically make use what is referred to as a Gold Gate, which provides an aperture through which the divers will pass on route to the dive site. The Gold Gate is typically suspended from the vessel crane which limits the use of the crane during diving operations.

The HYDRA engineering team spent time engaging closely with their clients to understand their operational requirements to provide an engineering solution to meet their specific requirements.

The LRE50-A2 is design based on safe operational requirements and a design FMEA. The unit is also DNV approved and designed in accordance with the latest IMCA guidelines, PUWER and LOLER requirements.

The LRE50-A2 compact design ensures that minimal deck space is utilized with a skid footprint of only 4.2m by 2.83m. The unit is provided with a remote control station that operates the A-frame boom and knuckle, main winch, guide wire winch and both umbilical power sheaves via joystick and button control.

For more information please visit:https://www.uniquegroup.com/

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Subsea boosting systems market (shallow water and deep water) for oil and gas industry – market to account for US$3.07 billion in revenue by 2023

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Transparency Market Research has released a market research report titled “Subsea Boosting Systems Market – Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2023”. According to this report, the global subsea boosting systems market was valued at US$1.34 bn in 2014 and is projected to reach US$3.07 bn by 2023 at a CAGR of 9.7% from 2015 to 2023.

Depleting oil and gas resources led oil and gas companies to explore offshore oil and gas fields. Subsea technologies used in combination with floating production systems have increased interest among exploration and production companies to focus on deep water areas. These technologies are used to extract hydrocarbons from offshore oilfields. Increasing oil and gas drilling activities and rising oil and gas demand have compelled oil and gas service providing companies to utilize subsea technologies. Innovation in subsea boosting technology provides higher reliability, performance, and endurance which have led to increase in demand for subsea technologies. Growing population and rising urbanization are likely to fuel the demand for energy across the globe. Depleting oil and gas reserves at onshore locations coupled with growing opportunities in deep water oil and gas exploration and production are expected to boost subsea activities in the near future.

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A subsea boosting system is an arrangement deployed at the topside of the well to ensure the flow of fluid (oil and condensate) from the oilfields at an economical rate. Some of the key parameters that lead to subsea boosting system installations are increased water depth, increased distance from the host, heavy oil, higher number of field tiebacks to the host, and low reservoir pressure. A subsea boosting system primarily includes multiphase and down-hole boosting, gas compression, and raw subsea water injection. Subsea boosting process helps in safer and faster start-up of low-energy wells, increases the economic life of the field, increases production and recovery, and enables a different production strategy.

The subsea boosting systems market has been analyzed in terms of revenue (US$ Mn). Additionally, the market has been segmented on the basis of water depth, application, and geography. Based on water depth, the market has been segmented into shallow water and deep water. The shallow water segment held the largest share of 57.8% of the subsea boosting systems market in 2014. In terms of application, the market has been segmented into oil fields and gas fields. The oil fields segment accounted for the largest share of 69.4% of the subsea boosting systems market, by application, in 2014.

In terms of geography, the subsea boosting systems market has been segmented into six regions: North America, Asia Pacific, Europe, South & Central America, Africa, and the Middle East. Asia Pacific was the largest market for subsea boosting systems, accounting for 25.0% of the global market share in 2014. Asia Pacific is emerging as a key oil and gas producing region. Subsea activities in the region are largely concentrated in countries such as China, Indonesia, and Australia. Apart from these countries, the Philippines, South Korea, and India also have a few subsea projects.

 

Increased energy demand coupled with the need to boost offshore oilfield production has propelled the demand for subsea boosting systems. Europe was the second-largest market for subsea boosting systems in 2014. Growing demand for energy and need for increased production from offshore oilfield are expected to drive the demand for subsea boosting systems in the near future. Africa was the third-largest market for subsea boosting systems in 2014. The market in South & Central America is expected to witness significant growth in the near future, with Brazil leading the market.

The key players in the global subsea boosting systems market are General Electric Company, Aker Solutions, Framo AS, Flowserve Corporation, ITT Bornemann GmbH, Baker Hughes Incorporated, FMC Technologies, Inc., OneSubsea, Leistritz Advanced Technologies Corp, and Sulzer Ltd.

Research Report:http://www.transparencymarketresearch.com/subsea-boosting-systems-market.html

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Sand blasting machines market size over $485 million by 2022: Global Market Insights Inc.

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Sand blasting machines market size is forecast to exceed USD 485 million by 2022, as per a new research report by Global Market Insights, Inc. Emergence of robotic technology for sand blasting should boost global demand. Industrial sand blasting machines market size was valued at USD 298.3 million in 2014, with forecast of USD 391.2 million by 2022.

Browse key industry insights spread across 85 pages with 22 market data tables & 21 figures from the report, “Sand Blasting Machines Market Size By Product (Industrial Sand Blasting Machine, Mini Sand Blasting Machine) Industry Outlook Report, Regional Analysis, Application Potential, Price Trends, Competitive Market Share & Forecast, 2012 – 2022” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/sand-blasting-machines-market-size

 

This technology has been increasingly adopted to amplify the extent of sand blasting in areas where part complexity, quality control and complex process requirements are not sufficed through standard automation solutions. It provides optional features such as automatic recovery, automated media flow control, custom data collection, automatic blast pressure control, report generation, through-the-fixture back pressure control and rotary lance capabilities. Health hazards associated with the use of silica as an abrasive material coupled with threat of substitutes are expected to challenge growth over the forecast period.

 

Mini-sand blasting machines market share was over 18% in 2014, and with segment growth expectations of 4.1% from 2015 to 2022. This is primarily due to increasing deployment in household activities such as rust removal, repairing and paint removal. Additionally, increased substitution of manual labor with sand blasting for performing domestic tasks to save time is likely to boost demand.

 

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Key insights from the report include:

  • Global sand blasting machines market was valued at USD 366.1 million in 2014, with expected revenue of USD 485.4 million by 2022, growing at 3.5% from 2015 to 2022. In terms of volume, the industry should grow at a CAGR of 5.0%, to exceed 140.1 thousand units by 2022, up from 93.9 thousand units in 2014.

 

 

  • Asia Pacific led the global industry with over 35% of the overall share in 2014, with forecast of 4.2% growth over the forecast period, mainly due to the considerable Chinese industry. Although sand blasting machines price trend is low in the region, high unit volumes should see sizable revenue during over coming six years. Europe may grow sluggishly compared to the global average to exceed USD 95 million by 2022.

 

  • The sand blasting machines market share is highly fragmented in nature, with the presence of several stakeholders. Clemco Industries, Tools USA, Trinity Tool, and C.M. Surface were among the key participants in 2014. Other notable companies include Airblast B.V, Kramer Industries, SANdBOT (JetSystem Group), Midwest Finishing Systems Inc., Norton Sandblasting Equipment, Torbo Engineering Keizers GmbH, and Sintokogio Group among others.

 

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Source: Global Market Insights, Inc.

Wetsuits market size is estimated to grow at a CAGR of over 4% from 2016 to 2023: Global Market Insights Inc.

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Global wetsuits market size is estimated to grow at a CAGR of over 4% from 2016 to 2023. Increasing demand for luxury sports is likely to boost the industry over the forecast period. Water sports need waterproof apparel with various characteristics such as breathability and thermal padding. Growing urbanization accompanied by dual-earning households is likely to increase disposable income and contribute to consumption.

U.S. wetsuits market size was estimated at over USD 110 million in 2015, with the regional surfing industry valued at over 7 billion in the same year. U.S. triathlon market revenue was over USD 2.5 billion in 2014, which is expected to prove favourable for wetsuit sales.

Browse this report titled, “Wetsuits Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2023”, please click on the link below:

https://www.gminsights.com/industry-analysis/wetsuits-market

Surging usage of the garment among triathletes, divers, surfers, windsurfers, and individuals engaged in other water sports is predicted to propel wetsuits market share from 2016 to 2023.

Neoprene contains small nitrogen gas bubbles, which reduce transport of heat via gas by convection similar to cloth fabric. The suits are required to have snug fit for working efficiently when immersed. Loose fitting may allow outside cold water to enter continuously, especially from the openings at cross joints. These suits provide buoyancy, abrasion resistance, and thermal insulation as they are produced using foamed neoprene. The insulation is directly proportional to the gas bubbles enclosed in the garment material. This in turn helps in reducing heat conduction capacity.

The suits are mainly used for thermal insulation when the user is immersed in water or frequently drenched with heavy spray. Activities such as sailing, underwater diving, river rafting, surfing, white-water kayaking, endurance swimming, and sea rescue operations are anticipated to fuel wetsuits market growth. Growing participation of women in water sports is also expected to boost demand.

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Seasonality of water games may pose a challenge to the wetsuits industry, since professional sports are a key application segment. Increasing awareness regarding e-commerce coupled with growing spending on fun and leisure activities is likely to present growth opportunities.

Numerous companies are now focusing on manufacturing eco-friendly wetsuits by using various earth-conscious materials as well as production techniques. This includes utilization of natural rubber as a substitute to neoprene, use of recycled plastic bottles, and use of water-based glue instead of solvent-based materials for lamination purposes. As these suits have minimum seams, tailored fit body lines, and are anatomically correct, they allow unhindered warmth and superior performance.

Heated suits are likely to gain prominence owing to their ability of keeping the user’s body warm. These costumes are installed with specialized heating panels that are powered by integrated batteries.

Semi-dry suits are effective costumes with efficient seals at the neck, ankles & wrist and zipper. This seal prevents water from entering inside and the user remains comfortable in spite of getting wet. Furthermore, the trapped water does not affect the insulating ability. These are usually produced from thick neoprene that provides high thermal protection at low levels. However, it loses its buoyancy and thermal protection abilities as the gas bubbles compress at depth. These are most appropriate for use where the water temperature ranges from 50° F to 68° F.

Asia Pacific wetsuits market size is predicted to witness significant growth owing to increasing spending on leisure activities. North America wetsuits market is anticipated to experience considerable growth from 2016 to 2023. Distribution channels include surf shops, general purpose sporting goods stores, company-owned stores, fashion retailers, and online stores.

Key players accumulating major wetsuits market share include O’Neill, Billabong International, Quiksilver, and Patagonia. Other notable participants are Buell Wetsuits, Body Glove, C-Skins, Musto, Helly Hansen, Rip Curl, and Xcel Brands. Taiwan’s Sheico Group is a major exporter of wetsuits, and employs vertical integration as a key growth strategy.

To purchase this report email, us at sales@gminsights.com  with subject line and your contact details OR call us at +1-302-846-7766

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

Contact Us:

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Corporate Sales, USA

Global Market Insights, Inc.

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Email:sales@gminsights.com

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Blog:https://gminsights.wordpress.com/

CLEAR AND PRESENT DANGER – Asset Integrity Exclusive Infographic Free Download – Results from our survey of 100,000 Oil and Gas IQ Members

In the run up to the 11th annual Asset Integrity Management Summit taking place in Aberdeen (26 September 2016) we asked our Oil and Gas IQ members as well as our conference attendees their feelings about the state of Asset Integrity in 2016.  We now deliver to you an infographic based on the results.  It proves very interesting reading.

Learn the thoughts, feeling and challenges facing the Asset Integrity Community in 2016

Download the infographic now / Request an email copy is sent 

Or call for a copy here +44 (0)20 7036 1300 


Asset Integrity Management Aberdeen Summit
If the above infographic has whet your appetite for all things asset integrity then why not check out the summit coming up on the 26 September 2016. It is the largest attended asset integrity specific event in Europe with Asset Integrity Managers learning and networking with their peers as well as the leaders of industry showing their latest technologies and solutions.

1) Download the agenda here / Request the agenda by email
2) Call +44 (0)20 7036 1300 and request the AIM agenda
3) Importantly if you book to attend before by Friday, July 08, 2016 you could save up to £800!

NOTE: If you would like to find out about sponsor opportunities at the Asset Integrity Management Event in Aberdeen please email sponsor@iqpc.co.uk or call +44 (0)20 7368 9300.

Richard Jones
Asset Integrity Management, Aberdeen
+44 (0)20 7036 1300
 

 

Wastewater treatment chemicals market size is estimated to be worth more than USD 35 billion by 2023: Global Market Insights Inc.

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Wastewater treatment chemicals market size was valued at over USD 22 billion and is estimated to be worth more than USD 35 billion by 2023, growing at a CAGR of approximately 5.5%.

U.S. wastewater treatment chemicals market size accounted for more than 35% of the total volume in 2015. Asia Pacific was around 9 billion in 2015 and is expected to reach approximately 15 billion by 2023, with estimated gains of more than 7.5%. China and India are likely to fuel demand owing to high population density and industrialization growth.

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Key chemicals include coagulants & flocculants, corrosion & scale inhibitors, pH adjusters, biocides & disinfectants, chelating agents, softeners, and anti-foaming agents. Coagulants & flocculants market size was valued at over USD 8.5 billion in 2015 and accounted for more than 25% of the total volume. It is expected to reach around USD 15 billion by 2023, with estimated gains of 5%. Corrosion & scale inhibitors market is anticipated to witness significant growth due to optimum efficiency in maintaining correct water conditions, specifically for cooling systems. pH adjusters is likely to gain popularity owing to prevention capabilities pertaining to wastewater bacteria.

Processed or raw water is used in various applications including washing, cooling, and processing in several manufacturing industries such as pharmaceuticals, pulp & paper chemicals, metal & mining, power, semiconductors, oil & gas, and textiles. These industries are the major water pollution contributors. Increasing contamination owing to rapid industrialization accompanied by water scarcity has lead to stringent government regulations, which is likely to be the key driving factor for the industrial wastewater treatment chemicals market.

Increasing gap between water demand and supply coupled with government regulations towards water reuse and recycle projects is likely to drive growth. Growth in end-use industries such as pharmaceuticals, power, pulp & paper, dairy, food & beverages, oil & gas and refineries are likely to propel the wastewater treatment chemicals market size.

Water consumption is consistently increasing with rapid urbanization and economic development in emerging countries. Water quality relies on various parameters such as hardness, pH, TDS (Total Dissolved Solids), and alkalinity. Water treatment chemicals are used to eliminate water impurities. These chemicals are also used to treat municipal water including cleaning and drinking water. The industrial sector needs water for washing, cooling, and processing.

Shale gas exploration in North America and growing exploration in countries such as India and China is likely to boost growth. Sea water desalination industry is likely to create new opportunity for the wastewater treatment chemicals market. Desalination is expected to witness notable growth in regions such as Asia Pacific and Middle East due to water scarcity and growing industrialization.

Europe wastewater treatment chemicals market share is anticipated to grow at a significant rate due to increase in end-use industries such as pharmaceuticals, food & beverages and refineries. Middle East & Africa is expected to be an attractive wastewater treatment chemicals market owing to water scarcity, insufficient water structure, and outbreak of water-borne diseases such as cholera.

End-use industries include municipal and industrial segment. Industrial segment is bifurcated into textiles, power, oil & gas, semiconductors and pulp & paper. Oil & gas industry is likely to witness high growth owing to its large water consumption during exploration and processing. Demand from the agriculture industry is expected to increase owing to volatile climate and increasing water reusability & recycling trend.

As of 2015, there were more than 17,000 desalination plants globally. Chemicals are also used during pretreatment phase of sea water desalination, which is likely to propel treatment chemicals demand. High raw material costs such as zinc, molybdenum, lead, and chromium are anticipated to adversely affect wastewater treatment chemicals price trend.

Global wastewater treatment chemicals market share is comprised of Kemira, Kurita, BASF, Air Products & Chemicals, Nalco-Ecolab, AkzoNobel, BWA Water Additives, Ion Exchange, Thermax, Carus Corporation, Hydrite Chemical, The Dow Chemical Company, Lonza Group, and GE Water & Process Technologies.

Browse Wastewater Treatment Chemicals Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2023 report at:https://www.gminsights.com/industry-analysis/wastewater-treatment-chemicals-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Market Insights, Inc.

Phone: 1 302-846-7766

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Email:  sales@gminsights.com

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Wastewater treatment equipment market size is expected to exceed USD 55 billion at a CAGR of more than 6% from 2016 to 2023: Global Market Insights Inc.

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 Wastewater treatment equipment market size was worth over USD 35 billion in 2015, and is expected to reach more than USD 55 billion by 2023, growing at a CAGR of more than 6% from 2016 to 2023.

Asia Pacific was the major contributor and is anticipated to grow at a high rate owing to large population size, potable water scarcity, and rapid industrialization in countries such as India, Japan, and China. U.S. wastewater treatment equipment market size is likely to witness significant growth due to stringent water regulations and increasing water recycling & reusing trend.

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Growth in end-user industries such as food & beverages, pharmaceuticals, and refineries is likely to fuel Europe wastewater treatment equipment market share growth. Middle East & Africa (MEA) is anticipated to be an attractive regional segment due to insufficient water management & limited supply, and outbreak of diseases such as cholera.

Water treatment equipment is required in order to remove unwanted bacteria, protozoa, virus and suspended solid particles. Poor water intake directly or indirectly is hazardous to health. Increasing environmental concern coupled with rising consumer health consciousness is likely to fuel growth.

Raw and processed water is used in several applications including cooling, washing, and processing in various manufacturing industries such as pulp & paper, pharmaceuticals, chemicals, power, metal & mining, semiconductors, textiles, oil & gas. Fast growth in these industries is leading towards more water pollution. Increasing contamination due to rapid industrialization coupled with scarce resources has lead to strict government regulations, which is expected to be among the key driving factors for the wastewater treatment equipment market.

Water demand and supply gap accompanied by government regulations towards recycling and reuse projects is likely to fuel growth. End-use industries growth such as power, pharmaceuticals, pulp & paper, refineries dairy, food & beverages, and oil & gas are anticipated to drive wastewater treatment equipment market size.

Applications are bifurcated into municipal and industrial segment. Municipal applications include drinking and individual consumption for various uses such as cleaning, bathing, and cooking. Industrial applications consist of food & beverages, pharmaceuticals, electronics, power generation, mining and oil & gas. High initial investment cost and lack of awareness among people is likely to restrain growth.

On the basis of technology, equipment can be categorized into disinfection, desalination, filtration, and testing. Disinfection technology is used for water purification in order to eliminate pathogenic microorganisms and limit waterborne diseases and in its distribution. Increasing popularity of ultraviolet (UV) disinfection over chlorination owing to its efficiency and cost-effective nature is likely to propel demand for UV.

Desalination is a process to remove salt from saline water from sources such as river and sea in order to make it for direct and indirect consumption. As of 2015, there were over 17,000 desalination plants globally. Increasing energy-efficient processes trend is likely to create opportunities for hybrid & solar desalination. Filtration equipment used for municipal & industrial applications are available in a wide range, including table top portable filters to scale up specific systems as per the industry requirements.

Industrial processes that use water always need specific grades which are determined by measuring parameters such as conductivity, pH, dissolved oxygen content, temperature, and other dissolved compounds, namely microbial count and ammonia. Regions such as Europe and North America are anticipated to witness high demand for this method due to strict norms pertaining to industrial effluent water discharge into water bodies.

Wastewater treatment equipment market share is comprised of Ashland Water Technologies, Aquatech International Corporation, Danaher Corporation, Degremont SAS, Kemira OYJ, GDF SUEZ S.A., GE Water & Process Technologies, The Dow Chemical Company, Veolia Environment SA, and Xylem Inc. Companies focus on improving their presence through acquisitions & collaborations in potential regions and increasing price competency to maintain their market position. Investing on supply chain process in order to expand their end-user base is likely to be a key strategy.

Other key participants include Doosan Heavy Industries & Co., Ion Exchange Ltd, Thermo Fisher Scientific Inc, Accepta Ltd, and Palintest Ltd.

Browse Wastewater Treatment Equipment Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2023 report at:https://www.gminsights.com/industry-analysis/wastewater-treatment-equipment-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Jack Davis

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1 302-846-7766

Toll Free: 1 888-689-0688

Email:  sales@gminsights.com

Web:https://www.gminsights.com

Blog:https://gminsights.wordpress.com/

Rud Chains’ ultimate heavy duty lifting application

WBPG heavy duty lifting capacity 85 – 250 tonnes 

WBPG NEW

RUD manufactures a range of lifting and lashing applications that guarantee ultimate safety when lifting and moving heavy loads. Offering over 500 different tested and certified lifting/lashing points for bolting and welding.

The impressive WBPG 85-200 Tonne hoist ring offers the ultimate solution for many heavy duty lifting requirements such as; offshore, construction, heavy engineering and handling.

The WBPG is loadable from any side in the direction of the pivot meaning it is suitable for lifting and turning of heavy loads. It has the ability to rotate 360° and swivel 180°. The WBPG comes with a detachable suspension ring in the shape of a shackle for the attachment of common lifting means.

Comprising an outstanding heavy duty design with a working load limit capacity of 85-250 tonnes it is no wonder the demand for the WBPG has been high across the heavy duty lifting sector.  The WBPG is ball bearing mounted and can be bolted on plate; on a flat surface, a flange or on a cone.

Across the offshore industry the WBPG has been used to lift heavy cable-laid grommets; the WBPG offers a removable suspension ring in the shape of a shackle to attach the cable-laid grommets to for lifting.

As one of the world’s largest manufacturers of lifting and lashing applications combined with their extensive range of products and knowledge in the market, RUD are continually innovating and developing their extensive product range to stay at the forefront of their customers’ demands.

For more information, please visit: www.rud.co.uk

To view RUD’s industry profile, click here

 

Subsea compression system market – an analytic outlook: 2016 – 2023

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Offshore is expected to be the most important source of new oil and gas production in upcoming years. Declining reserves in existing wells accompanied by rising energy demand are lending drive to subsea exploration. Subsea production systems are considered to be an important part of offshore developments. Subsea exploration is fuelling the demand for subsea equipments globally. Reservoir pressure in producing gas fields is declining over time causing gas output to decline gradually. For production to be economical, gas pressure must be raised to maximize production.

Subsea can supply separation and compression capabilities to deliver natural gas to onshore processing facilities to enhance the production of oil and gas from subsea wells. Subsea compression is cost effective for the gas fields requiring pressure boosting. Reliable subsea compression is a key to push subsea production from marginal and deepwater fields. The subsea compression system will provide benefits compared with installing a new platform including capital expenditure and operating expenditure. The subsea compression unit must be continuous and maintenance free operations for few initial years. Subsea compression is an energy efficient solution for oil and gas industry as they work close to the well.. As compression maintain flow rate of gas above hydraulic limit, more hydrocarbons can be recovered from the reservoir. The added value of subsea compression system depends on several factors such as tieback distance type of reservoir, production system and water depth.

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Subsea compression system market can be segmented on the basis of geography into North and South America, Europe, Asia Pacific and Rest of the world.  West Africa is estimated to have the largest deepwater and ultra deepwater reserves followed by South America, Western Europe and North America. The expenditure of each market segment varies based on the activity and maturity levels. Western Europe with mature reserve constitutes a large share of the subsea compression system market as compared to South America, which is a few matured subsea regions. The market in West Africa is dominated by Angola and Nigeria. In South America, Brazil with high installation investments and subsea infrastructure acquires a major share of the subsea compression system market. In North America, Mexico and the U.S. constitutes of the major share of the total subsea compression system market.

One of the driving forces in the subsea compression system market is the reduction in development cost as compared to the traditional method. Compression on the seabed provides better efficiency than a conventional topside facility. The subsea compression system market is expected to grow in the coming year because subsea compression is vital part of subsea production system. Subsea compression system addresses declining gas reservoir pressure offering an attractive combination of economic and environmental benefits. Subsea compression can be considered as a technology for recovering increased volumes from beginning of the projects and at a later stage of the field life. Subsea compression will become widespread as projects move into deeper water, further from shore. Subsea compression system will also eliminate the need for a new submersible platform with heavy weights. It will also provide far reaching HSE benefits to subsea gas developments. The added value of subsea compression system depends on several factors such as tieback distance type of reservoir, production system and water depth

 

Some of the global players in the subsea compression systems market are One Subsea, Aker Solutions and FMC Technologies. Mergers, acquisitions and partnership will help subsea equipment suppliers to penetrate global subsea compression system market.

Research Report:http://www.transparencymarketresearch.com/subsea-compression-system-market.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

Contacts

Transparency Market Research

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C-Kore Systems deploys Subsea Monitoring Tools for Shell

C-kore Zetechtics

C-Kore Systems Ltd, a UK based company, recently deployed their C-Kore subsea monitoring tools for Shell E&P.

The C-Kore units analyzed the electrical properties of umbilicals, jumpers, distribution manifold and control modules in the field to locate items requiring maintenance. Using the C-Kore monitoring units allowed accurate data on the insulation resistance, continuity and capacitance to be gathered more quickly than can be achieved with traditional methods, such as downlines or tests from shore. There wet mate connectors allow the units to be installed subsea, and they are small enough to be deployed quickly using the ROV tooling tray.

Tim Overfield, managing director of C-Kore Systems, “With every deployment, our customers realize the value our C-Kore tools offer them by drastically reducing their testing time. The units are designed to be easy to use while delivering accurate data, allowing the operators to quickly monitor equipment, even when it is subsea.”

For more information, please visit: http://www.c-kore.com

C-Kore Tronic(1)

State-of-the-art vessel Navigator Aurora to deliver ethane to Borealis in Stenungsund, Sweden

Navigator Aurora

 

Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, has signed a contract with Navigator Gas for the long-term time charter of the vessel Navigator Aurora. The naming ceremony took place at the Jiangnan Shipyard in Shanghai, China, on 3 May 2016. The vessel was christened by Irene Giner-Reichl, Austrian Ambassador to the People’s Republic of China.

New vessel will ensure long-term, reliable ethane supply to Borealis production facilities in Sweden

After its commissioning in the fourth quarter of 2016, the new vessel will be the world’s largest ethane carrier. The agreement plays a crucial role in ensuring the cost effective, safe and reliable transport of ethane to Borealis production facilities in Stenungsund, Sweden.

Borealis has entered into this long-term time charter agreement with Navigator Gas, owner of the Navigator Aurora and operator of the world’s largest fleet of handysize liquefied gas carriers. With a length of 180 m, the newly-built Navigator Aurora has a total cargo tank size of 35,000 cubic metres (cbm) and can hold ethane loads of up to 20,000 tonnes, making it the biggest ethane-capable vessel serving the global market.

Commercial operations are scheduled to begin in the fourth quarter of 2016. The vessel will sail between the Marcus Hook refinery in Pennsylvania, US, and Stenungsund. As a dual-fuel vessel, it can run on both diesel fuel and liquefied natural gas (LNG), meaning it can meet increasingly stringent environmental regulations and take advantage of the current low prices of natural gas.

“This state-of-the-art vessel is key to our efforts to secure a safe, cost-efficient and reliable supply of ethane for Borealis operations over the long term,” states Markku Korvenranta, Borealis Executive Vice President Base Chemicals. “We are pleased to have gained such an experienced partner with Navigator Gas. This project and the related investments underline our commitment to further strengthen our monomer position in Europe.”

In the meantime, the currently ongoing, multi-million investment in the cracker upgrade and the construction of an ethane storage tank in Borealis’ location in Stenungsund is proceeding according to plan. The commissioning of a new unloading and storage facility will begin in the fourth quarter of 2016.

Borealis is a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers. With headquarters in Vienna, Austria, the company currently has around 6,500 employees and operates in over 120 countries. Borealis generated EUR 7.7 billion in sales revenue and a net profit of EUR 988 million in 2015. The International Petroleum Investment Company (IPIC) of Abu Dhabi owns 64% of the company, the remaining 36% belonging to OMV, an international, integrated oil and gas company based in Vienna. Borealis provides services and products to customers around the world in collaboration with Borouge, a joint venture with the Abu Dhabi National Oil Company (ADNOC).

Building on its proprietary Borstar® and Borlink™ technologies and more than 50 years of experience in polyolefins, Borealis and Borouge support key industries with a wide range of applications in the areas of energy, automotive, pipes, consumer products, healthcare, and advanced packaging.

The Borouge 3 plant expansion will make Borouge the world’s largest integrated polyolefins complex. Once fully ramped up in 2016, the additional 2.5 million tonnes of polyolefins capacity will yield a total Borouge capacity of 4.5 million tonnes, and a combined Borealis and Borouge capacity of 8 million tonnes.

Borealis offers a wide range of base chemicals, including melamine, phenol, acetone, ethylene, propylene, butadiene and pygas, servicing a wide range of industries. Borealis also creates real value for the agricultural industry, selling approximately 5 million tonnes of fertilizers. Technical nitrogen and melamine products complement the portfolio with applications ranging from mono-nitrogen oxide (NOx) abatement to glues and laminates in the wood working industry.

Borealis and Borouge aim to proactively benefit society by taking on real societal challenges and offering real solutions. Both companies are committed to the principles of Responsible Care®, an initiative to improve safety performance within the chemical industry, and work to solve the world’s water and sanitation challenges through product innovation and their Water for the World™ programme.

For more information, please visit : http://www.borealisgroup.com

Click here to view the Borealis profile

Subsea production and processing system – industry survey and new business opportunities 2020

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The subsea environment is perhaps the most unexplored segment on earth. The isolation of subsea wells coupled with a complex interaction between ocean environment and subsea wells make monitoring, intervention and routine operation much complex. These systems are now being deployed in many fields to overcome the hurdles occurring at the time of production. One of the driving forces behind subsea production systems is the drastic reduction in development costs when compared with the traditional methods. In most cases, the use of a subsea tieback is the only option to develop these resources.

With the rapid growth of subsea fields once thought to be less profitable due to the harsh conditions and huge expenses involved in the exploitation of the available resources, many companies are using subsea processing technology as one of the main methods of reducing operational expenditures. Traditional offshore development is mainly focused on the construction of fixed leg platforms in the shallow water. In deep waters, the emphasis has been on the use of floating production systems to existing production platforms.

However, with the applications of new methods industry is looking forward to new concepts like subsea processing. As opposed to the conventional method of processing reservoir fluids at process station, subsea processing holds promise in that, all the processing activities is carried out at the seafloor itself. Thus less cost is incurred and also it improves recovery factors from the reservoir. Other advantages comprise lesser susceptibility to hydrate formation and at lower operating expenditure.

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Subsea processing facilities holds the potential to off load equipment to the seafloor. This provides for a reduction in platform deck load requirements thereby reducing the backpressure imposed by the production riser. Subsea processing process can take place in numerous forms, comprising boosting scenarios and subsea separation. Strategic technologies that are essential for the successful implementation of subsea processing include compact separation, multiphase pumping and multiphase metering which varies in all the stages of maturity.

Multiphase pumps are used in conjunction with the other types of subsea processing schemes. Wet gas compressor or a multiphase pump represents the best choice for the gas stream. If no gas stream is left to flow under its own pressure, a multiphase pump or wet gas compressor can boost the pressure of the gas stream even when it contains some amount of liquid by volume.

Cost of intervention in subsea wells is extremely high and has limited efforts to monitor wells. In general, pressure boosting at the seafloor is generally preferred rather than artificial lift in the wellbore due to the lower cost of intervention. Increasing flexibility using intelligent well technology is also seen as an alternative to well intervention.

Emerging economies and growing population are some of the key drivers of the subsea production and processing systems market. However, integration of new technology with the existing technology can hinder the growth of the market. Ample amount of opportunities are there for subsea production and processing system market as demand for energy is increasing at a healthy rate especially in Asia Pacific countries such as India and China.

Some of the key players in the subsea production and processing system market include FMC Technologies, Aker Solutions, GE Energy, Schlumberger Limited, Weatherford International, and Baker Hughes Inc. among others.

Research Report:http://www.transparencymarketresearch.com/subsea-production-processing-system-market.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

Contacts

Transparency Market Research

Mr. Sudip S, +1-518-618-1030

USA-Canada Toll Free: 866-552-3453

sales@transparencymarketresearch.com

http://www.transparencymarketresearch.com/

 

Marine seismic equipment and acquisition – A review of developments and insights 2020

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Decrease in conventional reserves and the necessity to carry out exploration in an increasingly harsh environment means that advanced seismic exploration technologies are required. Currently, there is a continuous trend for increasing the penetration of seismic surveys, which is only possible due to improved equipment sensitivity. High sensitivity receivers and multichannel recording systems are preferred due to better efficiency and reliable life span. However, with increase in the distribution of multichannel technologies, rising problem of power supply can be resolved. The increase in the number of equipments units while packaging a grid and the usage of digital sensors leads to huge power consumption at the time of conducting the survey.

For better data recording wireless data systems are preferred. Using standalone unit reduces down the labor and time costs for unreeling and laying cables and it also allows seismic exploration to take place in highly complex terrains. Various oilfield service companies have started using wireless data recording system, but the chances of usage of wireless data recording system by many companies are quite narrow.

Seismic equipment market is regulated by the volume and structure of demand for geological exploration by various oil producing companies. Till 2008, the global seismic equipment market was growing at a healthy rate due to the increasing capacities of oilfield service companies, majorly driven by the desire of exploration and production (E&P) companies to increase the number of surveys they were conducting. Crisis that had taken place in the year of 2008 has led to a decrease in the volume of exploration works by E&P companies, which had led to a rapid decrease in real volumes in the seismic equipment market. Simultaneously, the oilfield service providing companies had underused the production capacities, leading to a reduction in demand for seismic equipment.

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In the year 2010, the seismic exploration market was worth USD 8.9 billion. Small percentage of the market comprises equipment manufacturers while the remaining percentage consisted of seismic data processing and field works. Global seismic equipment market is heterogeneous in nature. Development of local market is determined through the demand of seismic exploration in various regions and also by the demand for specific technologies in a region.

Traditionally marine seismic equipments comprises of the large share of the seismic equipment market whereas surface equipment contributes only 45%. Highest share of the surface equipment market belongs to data registration systems (45%) and vibroseis sources (31%) whereas signal receiver accounts for 24% market share in 2010.

Methods such as Slip Sweep and Flip Flop are continuously used to get high quality signals and such methods needs wide involvement of vibroseis sources. Special synchronized systems are utilized to ensure efficient and effective use of groups of vibroseis sources. Key technological trends for conducting seismic surveys are accelerating the continuous up gradation and expansion of the equipments of oilfield service companies, which in turn is driving the seismic equipment market to grow.

Some of the key drivers of the seismic equipment market include the renewal cycles of the technology used and the growing numbers of seismic surveys being conducted. However, large amount of capital required to carry out the seismic survey can hamper the growth of the market. Ample opportunities are there for marine seismic equipment market as demand for energy is increasing at a rapid rate.

Some of the key companies in the business of marine seismic equipments are SIG FRANCE, Mitcham Industries Inc., ION Geophysical Corporation and Tesla Exploration International Limited among others.

Research Report:http://www.transparencymarketresearch.com/marine-seismic-equipment-acquisition-market.html

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

Contacts

Transparency Market Research

Mr. Sudip S, +1-518-618-1030

USA-Canada Toll Free: 866-552-3453

sales@transparencymarketresearch.com

http://www.transparencymarketresearch.com/

Electrical submersible pump (ESP) cables industry to exhibit 4.70% CAGR by 2023, owing to increasing exploration activities worldwide

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Transparency Market Research, a global market intelligence firm, announces the publication of a new research report made available on the company website. The market research report, titled “Electrical Submersible Pump Cables Market – Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2014 – 2023,” provides a detailed analysis of the market. According to the research report, in 2014, the global electrical submersible pump (ESP) Cables market was valued at more than US$3 bn and is anticipated to reach a value of US$4.5 bn by the end of 2023. The market is projected to register a healthy 4.70% CAGR between 2014 and 2023.

Electrical submersible pump cables transmit surface power to the pump motor and are specially designed to perform under the downhole well setting. ESP cables are three-phase cables and differ mostly depending on the well specifications and geography. The increasing demand for ESPs worldwide and increase in the depth of oil wells are the major factors fuelling the growth of the global ESP cables market. In addition, the growing production from oil sands across the globe has provided huge opportunities for the growth of the major players operating in the market. However, limited usability in shale gas fields and the recent drop in oil prices has resulted in a reduction in production spending and offshore exploration, thus hampering the growth of the market.

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On the basis of application, the global ESP cables market has been classified into offshore and onshore ESP cables. In 2014, the onshore segment led the market, holding a 69.88% share in the global ESP cables market. The configuration of ESP cables depends on the surface and sub-surface components, differentiating it for offshore and onshore oilfields. On the basis of type, the global ESP cables market has been categorized into polypropylene, EPDM, and others. In 2014, the EPDM cables segment dominated the market, holding a 57.27% share in the overall market, whereas the polypropylene cables and others segments accounted for a 34.69% and 8.03% share, respectively, in the global ESP cables market.

By geography, the global ESP cables market has been segmented into South and Central America, North America, the Middle East and Africa, Europe, and Asia Pacific. In 2014, Europe dominated the market, accounting for a 60% share in the global ESP cables market. This region is anticipated to remain in the leading position throughout the forecast period, owing to the rising number of mature fields in the U.K., Kazakhstan, Russia, and Norway. Europe is followed by North America, which held a 20% share in the global ESP cables market in 2014. The substantial share of the North America market can be attributed to the rising production from oil sands in Canada and growing shale oil production in the U.S., which are the key contributors to the growth in ESP cable installations in the region. The increasing exploration and production activities in the South China Sea are estimated to augment the growth of the Asia Pacific ESP cables market in the next few years.

The research study has further provided a clear picture of the competitive scenario of the global ESP cables market. Some of the prominent players operating in the market are Borets Company, LLC, General Cable Corporation, Prysmian Group, Hitachi Metals, Ltd., Kerite, Weatherford International, Schlumberger Limited, Halliburton Company, and GE Oil & Gas.

Key Segments of the ESP Cables Market:

ESP Cables Market: By Application

  • Onshore
  • Offshore

 

ESP Cables Market: By Types

  • EPDM (Ethylene propylene diene monomer)
  • Polypropylene
  • Others

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