#OCTG Couplings for Casing & Tubing
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Oil Country Tubular Goods Market
Oil Country Tubular Goods Market Seen Soaring 7% Growth to Reach USD 42 Billion by 2032, Projects Univdatos Market Insights
Key Highlights of the Report:
The global OCTG market has experienced steady growth, driven by increased oil and gas exploration activities and rising energy demand.
The market is projected to continue its growth trajectory due to the ongoing investments in oil and gas infrastructure and advancements in drilling technologies.
The global OCTG market has experienced steady growth, driven by increased oil and gas exploration activities and rising energy demand.
The market is projected to continue its growth trajectory due to the ongoing investments in oil and gas infrastructure and advancements in drilling technologies.
According to a new report by Univdatos Market Insights, the Oil Country Tubular Goods Market is expected to reach USD 42 Billion in 2030 by growing at a CAGR of 7%. The Oil Country Tubular Goods (OCTG) market is a critical segment of the oil and gas industry, providing the necessary equipment for drilling and extracting oil and gas from wells. OCTG products include casing, tubing, and drill pipes, essential for oil and gas exploration and production activities. The market is driven by the growing demand for energy worldwide, coupled with advancements in drilling technologies that require high-quality OCTG products.
Unlock The Insights of This Strategic Report – https://univdatos.com/report/oil-country-tubular-goods-market/get-a-free-sample-form.php?product_id=60055
One of the key trends shaping the OCTG market is the increasing use of advanced materials and manufacturing processes to enhance the performance and durability of OCTG products. Manufacturers are investing in research and development to produce corrosion-resistant and high-strength OCTG products, meeting the stringent requirements of modern drilling operations. Additionally, the market is witnessing a shift towards environmentally sustainable practices, focusing on reducing carbon emissions and minimizing environmental impact. This has led to developing eco-friendly OCTG products and processes, catering to the growing demand for sustainable solutions in the oil and gas industry.
Recent Technological Advancements:
Corrosion-Resistant Alloys: Manufacturers increasingly use corrosion-resistant alloys (CRAs) in OCTG production to enhance the lifespan of tubular products in harsh operating environments. These alloys offer superior resistance to corrosion, reducing the need for frequent replacements and maintenance.
High-Strength Steel Grades: Advanced high-strength steel grades are being developed and used in OCTG manufacturing to improve the strength-to-weight ratio of tubular products. This enables the use of lighter and more durable OCTG products, reducing overall drilling costs and improving operational efficiency.
Advanced Manufacturing Processes: Innovations in manufacturing processes, such as seamless pipe manufacturing and controlled rolling techniques, are improving the quality and performance of OCTG products. These processes ensure uniformity in wall thickness and mechanical properties, enhancing the reliability of tubular products in demanding drilling applications.
Threaded Connections: Enhanced threaded connections, such as premium and semi-premium connections, are being developed to provide better sealing and structural integrity in OCTG products. These connections offer improved resistance to high-pressure and high-temperature conditions, reducing the risk of leaks and failures in well operations.
Digitalization and Automation: Adopting digital technologies, such as IoT sensors and data analytics, enables real-time monitoring and optimization of OCTG performance. Automated manufacturing processes and robotic inspection techniques are also improving the efficiency and accuracy of OCTG production, leading to higher-quality products.
Environmentally Friendly Coatings: To reduce environmental impact, environmentally friendly coatings, such as non-toxic and biodegradable coatings, are being applied to OCTG products. These coatings provide corrosion protection and improve the longevity of tubular products while meeting strict environmental regulations.
Onshore Segment Gaining Traction in the Market
The onshore segment in the OCTG market pertains to using tubular goods in oil and gas exploration and production activities on land, as opposed to offshore or deepwater drilling operations. The onshore segment is a significant driver of demand for OCTG products, as it encompasses a wide range of drilling activities, including shale gas exploration, conventional oil drilling, and hydraulic fracturing.
Unlock The Insights of This Strategic Report – https://univdatos.com/report/oil-country-tubular-goods-market/get-a-free-sample-form.php?product_id=60055
Conclusion
The Oil Country Tubular Goods (OCTG) market is critical in the oil and gas industry, providing the necessary equipment for drilling and extraction operations. The market is growing tremendously due to the surge in demand for energy worldwide, which is associated with technological advancements in drilling techniques. Manufacturers are focusing on developing advanced OCTG products to meet the evolving needs of the industry, including environmental sustainability and high-performance requirements. Moreover, the rising investments in oil and gas infrastructure and the development of unconventional resources is also expected to drive the OCTG market in the coming years.
Key Offerings of the Report
Market Size, Trends, & Forecast by Revenue | 2024−2032
Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
Market Segmentation – A detailed analysis by Product, Application, Grade Type, and Manufacturing
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Author: Himanshu Chauhan
For more detail Contact:
UnivDatos Market Insights
C80B, Sector-8, Noida,
Uttar Pradesh 201301
For Sales related queries, please reach us at [email protected]
Contact:
UnivDatos Market Insights
+91 7838604911
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Orchid Energy OCTG Couplings for Casing & Tubing
Couplings are short lengths of pipe used to connect with tubing or casing. They come with painted color codes on their external surface to indicate their steel grades. Couplings are manufactured according to API 5CT and 5B specifications.
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What is OCTG?
OCTG is the acronym for Oil Country Tubular Goods. OCTG is the tube and pipe which is used in the production of oil and gas. OCTG is a wide range of steel tubular products which are used in the exploration, development, and production, of oil and gas, particularly in the drilling process.
This kind of pipe is used both onshore and offshore for the production of oil and gas. Oil Country Tubular Goods are a collection of rolled metal products such as drill pipes, casing, and tubing, line pipes, couplings, connections, and accessories which are used in oil and gas production activities. These OTCG products are manufactured according to the specifications set by API (American Petroleum Institute).
As per the API standardized specifications, OCTG is classified under more than ten grades, based on their performance and materials used. OCTG pipes can be seamless or can be welded using Electric Resistance Welding (ERW). They are available in various sizes and are of different lengths.
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Global Oil Country Tubular Goods (OCTG) Market Overview, Size, Share and Trends 2020-2025
Summary – A new market study, “Global Oil Country Tubular Goods (OCTG) Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024”has been featured on WiseGuyReports.
Oil Country Tubular Goods（OCTG）refers to a kind of casing, tubing, line pipe, drill pipe and its accessories that are specially used in oil and gas exploration, drilling, mining, and transportation. And they always subjected to loading conditions according to their specific application. The Specific information are as follows.
Also Read: https://www.marketwatch.com/press-release/oil-country-tubular-goods-octg-2020-market-by-industry-sizegrowthtrendsanalysisopportunities-and-forecasts-to-2024-2020-09-18
Scope of the Report:
Casing pipe lines the borehole. It is subject to axial tension by its dead weight, internal pressure by fluid purging, and external pressure by surrounding rock formations. Casing is particularly exposed to axial tension and internal pressure by the pumped oil or gas emulsion.
Tubing is pipe through which the oil or gas is transported from the wellbore. Tubing segments are generally around 30ft (9 m) long with a threaded connection on each end.
Drill pipe is heavy seamless tube that rotates the drill bit and circulates drilling fluid. Pipe segments 30 ft (9m) long are coupled with tool joints. Drill pipe is simultaneously subjected to high torque by drilling, axial tension by its dead weight, and internal pressure by purging of drilling fluid. Additionally, alternating bending loads due to non-vertical or deflected drilling may be superimposed on these basic loading patterns.
The worldwide market for Oil Country Tubular Goods (OCTG) is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2024, from xx million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Oil Country Tubular Goods (OCTG) in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
U. S. Steel Tubular Products
Tenaris
Vallourec
TMK Group
ArcelorMittal
SANDVIK
Energex Tube (JMC)
Northwest Pipe
SB international Inc
Continental Alloys & Services
TPCO
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Casing
Tubing
Line Pipe
Drill Pipe
Market Segment by Applications, can be divided into
Onshore
Offshore
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Oil Country Tubular Goods (OCTG) product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Oil Country Tubular Goods (OCTG), with price, sales, revenue and global market share of Oil Country Tubular Goods (OCTG) in 2017 and 2018.
Chapter 3, the Oil Country Tubular Goods (OCTG) competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Oil Country Tubular Goods (OCTG) breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Oil Country Tubular Goods (OCTG) market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Oil Country Tubular Goods (OCTG) sales channel, distributors, customers, research findings and conclusion, appendix and data source.
FOR MORE DETAILS : https://www.wiseguyreports.com/reports/3765825-global-oil-country-tubular-goods-octg-market-2019
About Us:
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Contact Us:
NORAH TRENT
Ph: +162-825-80070 (US)
Ph: +44 2035002763 (UK)
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Global Oil Country Tubular Goods (OCTG) Market Research Report 2013-2025
Summary – A new market study, titled "Global Oil Country Tubular Goods (OCTG) Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024" has been featured on WiseGuyReports.
Oil Country Tubular Goods（OCTG）refers to a kind of casing, tubing, line pipe, drill pipe and its accessories that are specially used in oil and gas exploration, drilling, mining, and transportation. And they always subjected to loading conditions according to their specific application. The Specific information are as follows.
Also read – https://www.marketwatch.com/press-release/oil-country-tubular-goods-octg-2020-market-by-industry-sizegrowthtrendsanalysisopportunities-and-forecasts-to-2024-2020-09-18
Scope of the Report:
Casing pipe lines the borehole. It is subject to axial tension by its dead weight, internal pressure by fluid purging, and external pressure by surrounding rock formations. Casing is particularly exposed to axial tension and internal pressure by the pumped oil or gas emulsion.
Tubing is pipe through which the oil or gas is transported from the wellbore. Tubing segments are generally around 30ft (9 m) long with a threaded connection on each end.
Drill pipe is heavy seamless tube that rotates the drill bit and circulates drilling fluid. Pipe segments 30 ft (9m) long are coupled with tool joints. Drill pipe is simultaneously subjected to high torque by drilling, axial tension by its dead weight, and internal pressure by purging of drilling fluid. Additionally, alternating bending loads due to non-vertical or deflected drilling may be superimposed on these basic loading patterns.
The worldwide market for Oil Country Tubular Goods (OCTG) is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2024, from xx million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Oil Country Tubular Goods (OCTG) in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
U. S. Steel Tubular Products
Tenaris
Vallourec
TMK Group
ArcelorMittal
SANDVIK
Energex Tube (JMC)
Northwest Pipe
SB international Inc
Continental Alloys & Services
TPCO
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Casing
Tubing
Line Pipe
Drill Pipe
Market Segment by Applications, can be divided into
Onshore
Offshore
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Oil Country Tubular Goods (OCTG) product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Oil Country Tubular Goods (OCTG), with price, sales, revenue and global market share of Oil Country Tubular Goods (OCTG) in 2017 and 2018.
Chapter 3, the Oil Country Tubular Goods (OCTG) competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Oil Country Tubular Goods (OCTG) breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Oil Country Tubular Goods (OCTG) market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Oil Country Tubular Goods (OCTG) sales channel, distributors, customers, research findings and conclusion, appendix and data source.
For more details - https://www.wiseguyreports.com/reports/3765825-global-oil-country-tubular-goods-octg-market-2019
About Us:
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Contact Us:
NORAH TRENT
Ph: +162-825-80070 (US)
Ph: +44 2035002763 (UK)
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How Fencing Can Be Done With Used Oilfield Pipes?
We'll be reviewing used oilfield goods in this post. We do many businesses in the oil region. Therefore, it is no wonder that significant amount of used pipe, and wires are being accumulated. Goods like used oilfield pipes are useful for feedlots and fencing assets. Used oilfield products vary if they are strong with longer lengths and thick walls than most fencing materials. To withstand the pressures of a puits, OCTG (Oil Country Tubular Goods) must be solid. The thickness of the wall is bigger; wires are thickened and parts are usually fastened.
The tubing is the most popular thing you can consider for fencing. Tubes are available in variety of diameters and thicknesses of walls. Pipes are 2 3/8, "2 7/8" and 3 1⁄2 "among the most commonly used. Usually they are used for top rail and posts. They can also be utilized as a rail for applications needing more power.
Casing is an extremely powerful and larger fencing tool. This is commonly used in horses, buffalos and other large animals. The most commonly used sizes of cases are four 1⁄2, five, half and seven inches for many applications like H-braces corner posts, and bollards. Casings can be used. Believe me, the way is if you need a fuel-field case of strength and scale.
Wire Rope and Sucker Rods are suitable for railing. The sucker rods have sizes of 3⁄4”, 5/8”, 7/8" and 1”. These are 25" in length and involve a smooth railing coupling on longer fence sections. Wire rope is available in various styles and sizes. The closest forms are shot lines and sand lines. Cheaper yet hard shot lines are helpful. The sand line is less costly and quicker to carry. All of them work well.
We do sell fencing components of all sorts! You should not hesitate to inquire if you require anything regarding steel fencing. The good looking used stuff can be hard to find, but for 30 years we have sold it. You can believe that at a reasonable price, we can provide you with high quality materials.
Visit International Pipes in OKC for used oilfield pipes and other steel fencing materials. We have everything to provide you with. Do not worry with the quality at all.
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Oil Country Tubular Goods (OCTG) Market to Reach $ 21.7 Billion by 2025 – TechSci Research
Rising demand for oil & gas and increasing exploration & production activities to drive global oil country tubular goods market until 2025
According to TechSci Research report, “Global Oil Country Tubular Goods (OCTG) Market By Manufacturing Process, By Grade, By Product, By Application, By Region, Competition, Forecast & Opportunities, 2025”, the global OCTG market is projected to reach $ 21.7 billion by 2025 due to increasing oil & gas exploration & production activities coupled with continuing advancements in technological landscape. In 2018, the global oil production rate grew up by 2.2 million barrels a day, which is more than double compared to its average in 2018. As the production rate is increasing so does the drilling activities, which continues to positively impact the global OCTG market. North America and MEA would continue to be the major markets, with both the regions cumulatively accounting for around two-thirds of the global OCTG market in 2019. However, the current global economic slowdown and spread of COVID-19 pandemic is posing a major threat that would severely affect the global OCTG market in the near term.
Browse 131 market data Figures spread through 110 Pages and an in-depth TOC on " Global Oil Country Tubular Goods (OCTG) Market "
https://www.techsciresearch.com/report/oil-country-tubular-goods-market/4721.html
In terms of manufacturing process, the global OCTG market is categorized into Electrical Resistance Welded and Seamless segments, with Seamless segment leading the market on account of higher user preference in harsh drilling environments. Nevertheless, the welded segment will also grow as these pipes are quite cost-effective. In Application segments, the global oil country tubular goods market is categorized into Onshore & Offshore, with Onshore segment accounting for around 80% of the market share. In terms of Product segments, the global OCTG market is categorized into Well Casing, Production Tubing, Drill Pipe and Others segments. Well Casing segment accounts for the largest share in the market, followed by Production Tubing and Drill Pipe segments.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4721
Customers can also request for 10% free customization on this report.
Some of the major players operating in the global Oil Country Tubular Goods market include MRC Global, JFE Steel Corporation, TMK Ipsco Enterprise Inc., National Oil Well Varco Inc., Tenaris SA, Jindal SAW Ltd., Arcelor Mittal S.A., Nippo Steel & Sumitomo Metal Corporation, Vallourec, U.S. Steel Tubular Products Inc., among others. “Huge investments in upstream sector coupled with favorable policies and regulations in oil & gas sector, globally, will continue to boost the global OCTG market during the forecast period. Boom in horizontal drilling and multilateral drilling is also expected to positively influence the market in the coming years. Moreover, unconventional exploration activities such as shale gas, CBM, tight gas, etc., are also anticipated to fuel the market over the next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Oil Country Tubular Goods (OCTG) Market By Manufacturing Process, By Grade, By Product, By Application, By Region, Competition, Forecast & Opportunities, 2025” has analyzed the potential of OCTG market across the globe, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyses emerging trends along with essential drivers and key challenges faced by the industry.
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Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email:
#Global Oil Country Tubular Goods Market#Oil Country Tubular Goods Market#Oil Country Tubular Goods Market Analysis#Oil Country Tubular Goods Market Size#Oil Country Tubular Goods Market Growth#Oil Country Tubular Goods Market Share#Oil Country Tubular Goods Market Forecast#Oil Country Tubular Goods Market Trends
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Port of Duqm emerging as a preferred maritime hub
The buzz is all about the Port of Duqm, the new economic engine of the Sultanate of Oman, progressively emerging as the neo hub and hive of economic activity thanks to its central location, deep-sea natural port and easy access to a mineral and resource-rich hinterland.
The Port of Duqm Company is a joint venture between the Government of Oman and Consortium Port of Antwerp.
Port of Duqm lies at the heart of the specifically designated Special Economic Zone of Duqm (SEZD), a greenfield project which is the new center of economic gravity and a special focus region for investment and trade, commerce and infrastructure development in the Sultanate of Oman.
The strategically located Port of Duqm is taking shape in its rapidly developing hinterland with the services offered at its early operation multi-purpose terminal for containers, break bulk, heavy-lift cargo for mega projects, dry bulk, and RoRo.
Anchorage at Port Duqm
The Port of Duqm is a haven for ships berthing off the coast whilst waiting for their turn to discharge of cargo. The port offers facilities for freighters to lower anchor and then unload cargo using skilled resources particularly for over-dimensional and odd-sized cargo.
One of the biggest semi-submersible vessels with a capacity of 98,000 DWT recently arrived at the Port of Duqm to perform a heavy-lift discharge operation of two massive rigs transported on board. The weight of each rig was an astounding 45,000 MT DWT. This successful anchorage at the Port of Duqm Company (PDC) is a standout for its abilities and capabilities to manage such specialized heavy-lift cargo.
With many big-ticket and massive infrastructure and development projects in construction, energy and utilities ongoing in the Sultanate of Oman, PDC foresees many more such heavy-lift operations for similar rigs which will position Port of Duqm amongst one of the most preferred ports across the globe performing such massive operation.
Bunkering Services
The bunkering service agreement with Oman Oil Marketing and Shell Oman enable the bunkering terminal to provide different grades of quality fuels and lubricants as well as other ancillary facilities to marine liners calling at Port of Duqm.
With new global bunker regulations coming into effect from 2020, the Port of Duqm has a clear ambition to become a future bunker hub serving in the entire region. This vision is boosted by its advantageous and convenient location as well as the availability of the right fuel specs and ability to offer prime bunker services.
Given its close closeness to the major oil & gas and mining projects in Oman, the Port of Duqm is seeking to radically increase its activity levels in the foreseeable future. The Port of Duqm is committed to provide an extensive support and service to Shell Oman’s downstream business operation in the Sultanate of Oman and to live up to its stated goal to be the most preferred Port in the region.
With these multiple services and capabilities coupled with excellent hinterland connectivity, it is abundantly clear that the Port of Duqm is steadily steaming towards a coveted position as the premier port for heavy, break-bulk and industrial cargo in the region.
Terminal operator for over-dimension cargo
The Port of Duqm is becoming the country’s preferred port of call for over-dimensional cargoes. Its efficient operational force offers a range of multiple, sophisticated, extensive port-handling services for the shipping industry. As a case in point, the Port has competently accomplished a project cargo discharge operation to facilitate the under-construction Harweel Wind Power Project, one of Sultanate’s key infrastructure projects.
Port of Duqm facilitated the arrival of 39 Rotor Blades and Towers for the wind turbines. A major operation to offload and settle 65-meter-long (each) Rotor Blades and 83-meter (each) Tower was well accomplished during the last quarter of 2018.
When completed, this 50MW Wind Power Project will be the country’s first wind farm and will provide a major contribution to the Sultanate’s position as a clean energy leader in the region.
This Wind Farm is a joint venture project of the Abu Dhabi Future Energy Company (Masdar) and Rural Areas Electricity Company (RAECO) and is located 556km from Port of Duqm at Harweel in the Southern Dhofar Governorate covering a total area of 200,000 square meters. It is the first project of its kind in the Gulf region and will offset 110,000 tons of carbon dioxide emissions and will electrify an estimated 16,000 homes in the region.
For the Port of Duqm the successful and timely delivery of the rotor blades and towers consignment marks an important milestone in supporting the comprehensive logistics of heavy-lift cargo associated with this project.
Structural break-bulk cargo
Oil Country Tubular Goods (OCTG) pipes, comprising seamlessly rolled pipes replete with casing and tubing used extensively for the oil and drilling industries, is the first structural break-bulk cargo eminently suitable for and naturally attracted to the Port of Duqm.
With its unique, convenient location and cast-iron reputation as the ‘one stop shop’ Port equipped with the know-how and proficiency for unloading operations of this nature, the Port of Duqm is considered the entrepôt for the entire OCTG supply business for the entire country. Given its central location midways along the country’s coastline and its nearness to the oil and gas concession and exploratory areas, the Port of Duqm has been groomed and developed to facilitate functions of the kind shippers and logistics services providers undertake to provide.
Large storage and warehousing facilities at the Port of Duqm close to eliminate the need for intermediate and inland stock points and this in turn has economical implications. Consequently, there have been immense cost savings for consignees and consignors for multiple reasons including reduction in inland transport costs; reduction in handling and storage costs due to just-in-time deliveries; cost reduction due to rig returns and repairs; decrease in warehousing costs as no intermediate inland storage is required. It is estimated that the overall cost savings to the industry will exceed US$ 80 million within the next three years.
OCTG volumes are on the upswing and are expected to reach 200,000 MT annually. On an average 5 to 6 vessels arrive every month mainly from China, India, Japan and Brazil in South America. Incidentally, this is also spawning thriving ancillary businesses for repairs, GRE (Glass Reinforced Epoxy) anti-corrosive lining, external coating, threading, slotting and more.
The Port of Duqm is becoming the new hub for break-bulk business and for ship owners it opens new avenues to harness these vessels for other businesses thereby facilitating imports for alternative cargo streams as well. Port of Duqm’s vision “to be the most preferred multi-purpose port in the region” is gradually shaping up as the preferred maritime hub in the Middle East region.
The post Port of Duqm emerging as a preferred maritime hub appeared first on Businessliveme.com.
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Oilfield Equipment Market : Share in North America, Market to reach US$117.37 billion by 2018
Oil field equipments include drilling equipment, field production machinery, pumps and valves. These equipments are mainly used in oil extraction fields across the globe, both offshore and onshore. Drilling equipments are used to drill mechanically through soil or rock to reach the crude oil reservoir. These equipments include complete drilling rigs, and rig components. Rig components are drill bits and oil country tubular goods (OCTG). OCTG includes tubing and pipes such as drill pipes, casing pipes and tubing pipes. The global demand for oilfield equipment was USD 84.25 billion in 2009 which increased to USD 87.60 billion in 2010. The demand for oilfield equipments is expected to be driven by the rising oil extraction and refining activities coupled with increasing regional consumption and its growing demand across the globe. Continuous efforts to discover new oilfields across various untapped regions across the globe are prompting the use of different oilfield equipments. Shift towards unconventional oil fields such as shale gas has been driving the demand for oilfield equipments in both developed economies such as the U.S. and Europe and in emerging markets such as Asia Pacific and Latin America and this trend is expected to drive the demand over the forecast period. Shift in focus towards increasing hydrocarbon production using techniques such as EOR (enhanced oil recovery) and IOR (improved oil recovery) has also been acting as one of the major factors driving the growth demand.
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Drilling equipment emerged as the leading type oilfield equipment and accounted for over 72% of global oilfield equipment market and over 76% of the U.S. oilfield equipment market in 2011. Drilling equipments are used in piercing and boring through the earth in order to access crude oil (or natural gas) deposits below the surface. Along with being the biggest type, drilling equipments are also the fastest growing type of oilfield equipment growing at CAGR of 4.1% and 4.2% from 2012 to 2018 for global and U.S. market respectively. Drilling equipment was followed by field production machinery, which accounted for 18.4% of the overall market in 2011. North America emerged as the leading market for oilfield equipment and accounted for over 30% of the global market in 2011.
The growing drilling activities for natural oil and gas coupled with rapid development of unconventional resources such as shale gas, tight gas and coal bed methane (CBM) in U.S. and Canada is expected to drive the market for oilfield equipment in the region over the forecast period. U.S. is largest consumer of crude oil and in order to meet its growing demand, major producers has been exploring and developing new and untapped reservoirs across the regions which in turns promotes the use of oilfield equipment. Asia Pacific is fastest growing market for oilfield equipment growing at CAGR of 4.3% from 2012 to 2018. The growing energy consumption mainly in emerging economies of China and India is one of the major factors which are expected to drive the market in the region over the forecast period. Both China and India are ranked in the list of top five oil consumers in the world according to CIA World Factbook.
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The global market for oilfield equipment is highly fragmented with top four companies accounting for just of 30% of the total market. Some of the major players operating in the global market include Aker Solutions, Baker Hughes, Cameroon International, Halliburton, National Oilwell Varco (NOV), Schlumberger and Weatherford International among some other companies.
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fabrikasi, konstruksi, construction, fabrication, octg, oil tools, maintenance, repair services, casing, tubing, coupling, pup joint, threading, ulir, pipe, pipa, liner, hanger, packer, hydraulic workover unit, perforating gun
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Interpipe NIKO TUBE – Nikopol, Ukraine #steelmill #interpipe Production facilities include: a continuous mandrel mill for the production of seamless pipe from 32 - 114,3 mm general finishing floors, including testing equipment a quench and tempering heat treatment line for seamless OCTG and transport line pipe upsetting lines for seamless OCTG non-destructive testing (ultrasonic, electromagnetic, magnetic and vortex-current) lines for pipe and coupling threading, hydrotesting, coating and bundling finishing line and annealing heat treatment line for boiler pipe Contact R&D Pipe Company @octg.pro @octg.pro #octg _________________________________ #octg #riglife #righand #oil #onshore #drillingrig #oilcountry #casing #oilfieldstrong #drillbabydrill #fossilfuels #oilfieldfamily #oilpatchtough #oilfield #oilrig #oilfieldlife #oilfield #oilcountry #patchlife #pipeyard #steelmill #petroleumengineering #petroleum #casing #tubing #octg #oilpatch #talktexasoil #texasoil #upstream #inspirationalpeople #steelmill #nikopol #linepipe
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Oil Country Tubular Goods
Oil country tubular goods (OCTG) is a family of seamless rolled products consisting of drill pipe, casing and tubing subjected to loading conditions according to their specific application.
Drill pipe is heavy seamless tube that rotates the drill bit and circulates drilling fluid. Pipe segments 30 ft (9m) long are coupled with tool joints. Drill pipe is simultaneously subjected to high torque by drilling, axial tension by its dead weight, and internal pressure by purging of drilling fluid. Additionally, alternating bending loads due to non-vertical or deflected drilling may be superimposed on these basic loading patterns.
Casing pipe lines the borehole. It is subject to axial tension by its dead weight, internal pressure by fluid purging, and external pressure by surrounding rock formations. Casing is particularly exposed to axial tension and internal pressure by the pumped oil or gas emulsion.
Tubing is pipe through which the oil or gas is transported from the wellbore. Tubing segments are generally around 30 ft [9 m] long with a threaded connection on each end.
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R&D Pipe Company @octg.pro at #permianenterprises blasting pipe to a #nacefinish for primer and #IPC (Internal Plastic Coating) application #IPC1850 (green internal coating) to tubing casing and couplings. Blast Prime Coat QC Buck Inspect - #beauoctg great shots @hai_yahh _____________________ #coatedpipe #octg #naturalgas #oilrig #crudeoil #oil #crude #natgas #drillingrig #oilgas #oilfield #kristenoctg #TalkTexasOil #oilpatch #drillingrig #casing #tubing #coatedpipe
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R&D Pipe Company @octg.pro at #permianenterprises blasting pipe to a #nacefinish for primer and #IPC (Internal Plastic Coating) application #IPC1850 (green internal coating) to tubing casing and couplings. With Chris Holcomb @csh261899 @talktexasoil _____________________ #coatedpipe #octg #naturalgas #oilrig #crudeoil #oil #crude #natgas #drillingrig #oilgas #oilfield #kristenoctg #TalkTexasOil #oilpatch #drillingrig #casing #tubing #coatedpipe
#ipc#oilpatch#naturalgas#oilgas#octg#casing#oilfield#talktexasoil#tubing#kristenoctg#crudeoil#permianenterprises#coatedpipe#crude#drillingrig#nacefinish#ipc1850#natgas#oilrig#oil
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R&D Pipe Company @octg.pro at #permianenterprises blasting pipe to a #nacefinish for primer and #IPC (Internal Plastic Coating) application #IPC1850 (green internal coating) to tubing casing and couplings. With Chris Holcomb @csh261899 @talktexasoil _____________________ #coatedpipe #octg #naturalgas #oilrig #crudeoil #oil #crude #natgas #drillingrig #oilgas #oilfield #kristenoctg #TalkTexasOil
#natgas#oilfield#ipc#coatedpipe#kristenoctg#oil#ipc1850#crude#octg#oilrig#permianenterprises#drillingrig#talktexasoil#naturalgas#nacefinish#oilgas#crudeoil
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R&D Pipe Company at #permianenterprises blasting pipe to a nace finish for primer and #IPC (Internal Plastic Coating) application #1850 (green internal coating) to tubing casing and couplings. @csh261899 @permianlandgirl @octg.pro @talktexasoil @katya_bee4 _________________________________ #drillbabydrill #fossilfuels #oilpatchtough #oilfield #oilrig #oilpatch #oilfieldlife #oilcountry #pipeyard #petroleumengineering #petroleum #drillingcompany #coatedpipe #1850 #permianbasin #oilcountrytubulargoods #octg #pups #kristenoctg #inspirationalpost #pipe #casing #tubing #businessownership #drillingpros #talktexasoil #inspirationalpeople #natgas
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