Transparency Market Research has released a new market report titled Crude Oil Desalter - Global Industry Analysis, Size, Share, Growth Trends and Forecast, 2015 - 2023.The report defines and segments the crude oil desalter market, providing analysis and forecasts of the global revenue. According to the report, the global crude oil desalter market stood at USD 78.42 Million in 2014 and is likely to reach USD 98.78 Million by 2023, expanding at a CAGR of 2.54% between 2015 and 2023.
The global crude oil desalter market has been segmented on the basis of type into single stage crude oil desalter, two stage crude oil desalter, and three stage crude oil desalter. A crude oil desalter is a vital unit in a crude oil refinery. Crude oil desalters remove salts and impurities from crude oil. Significant increase in the number of new refineries under construction has augmented the demand for crude oil desalters across the globe. Additionally, expansion of existing refineries have boosted the demand for desalters by such refineries. Moreover, increasing usage of desalters in other applications such as fluid catalytic cracking (FCC) units has also boosted the demand for crude oil desalters.
Declining demand for refined petroleum products such as gasoline and diesel in Europe is anticipated to hamper the construction of new refineries. This, in turn, would hamper the growth of the global crude oil desalter market in the near future. Two stage crude oil desalter was the largest type segment of the global crude oil desalter market, accounting for more than 60% of the market share, in 2014. Three stage crude oil desalter was the second-largest type segment of the global crude oil desalter market in 2014.
In terms of geography, the global market for crude oil desalter has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Middle East & Africa accounted for more than 35% of the global market share in 2014. However, the crude oil desalter market in Latin America is anticipated to grow at the fastest rate during the forecast period. Asia Pacific is anticipated to be the second-fastest growing market for crude oil desalters during the forecast period.
Some of the leading companies in the global crude oil desalter market include Agar Corporation Ltd., Cameron International Corporation, Canadian Petroleum Processing Equipment Inc., Croda International Plc., EN-FAB Inc., Forum Energy Technologies Inc., GasTech Engineering Corporation, Komax Systems Inc., Mackenzie Hydrocarbons Pty Ltd., and Petro Techna International Ltd. The report provides an overview of these companies, followed by their financial revenues (on availability), business strategies, and recent developments.
The Global Crude Oil Desalter Market has been segmented as follows:
Global Crude Oil Desalter Market: Type Analysis
- Single Stage Crude Oil Desalter
- Two Stage Crude Oil Desalter
- Three Stage Crude Oil Desalter
Global Crude Oil Desalter Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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Vorpal Energy Solutions and Enventure Global Technology announce a strategic collaboration focused on the refrac market
Tuesday, Sep 01, 2015
Vorpal Energy Solutions, a technology incubator has launched thru its Drll2Frac technology a completely new approach to improve recovery in Unconventional plays and Enventure Global Technology, a leader in the solid expandable solutions for the oil and gas industry, today announced a strategic collaboration to leverage their respective technology offerings for helping the industry harness the burgeoning refrac market. Vorpal's Drill2Frac™ technique, a patent pending, low-cost, fast turn-around, newly engineered completions approach to improve recovery in Unconventional plays by offering a quick insight into lateral heterogeneities along the wellbore trajectory, Drill2Frac can help to optimize fracturing operations thru optimal placement of perforation clusters.
Enventure's expandable ESeal™ Refrac (RF) Liner has proven to be effective at providing mechanical zonal isolation of existing perforations and internal pressure integrity that unlike particulate diversion techniques enable greater predictability of planned fracture stages. This results in uniform injection during refracturing and provides a more predictable frac placement, making the ESeal RF Liner The Ultimate Diverter™.
Together, the collaboration can provide identification and isolation of target zones enhancing total recoverable reserves.
Kumar Bashyam, Co-founder & CEO of Vorpal Energy Solutions and Drill2Frac comments, "During these challenging times for the upstream Oil & Gas Shale industry with the industry evaluating Refrac as the new frontier, we are pleased to collaborate with Enventure for their mechanical isolation solution and to enable customers to optimize the refrac opportunity either for the entire lateral or for selective sections within a lateral and help achieve the twin industry goals of increase shale production and lower exploitation costs."
About Vorpal Energy Solutions
Vorpal Energy Solutions develops next-generation, game-changing technologies for the upstream oil & gas industry. Its Drill2Frac technology offers a completely new approach to improving recovery in unconventional reserves by revealing lateral heterogeneities along the wellbore trajectory enabling placement optimization of the perforation clusters or sliding sleeves when engineering the completion for new-drill or refrac.
About Enventure Global Technology
Houston-based Enventure Global Technology, Inc. is the world's leading provider of solid expandable solutions for the energy industry. Enventure developed the technology to expand pipe in 1998, when it introduced SET® technology to solve drilling, completion and well intervention challenges that threatened a well's potential value and the oil and gas operator's return on investment. Since then, Enventure has proven its technology the world over in virtually every basin and formation type in which the oil and gas exploration and production industry operates. Enventure has sales offices and operations worldwide.