The
global oil and gas industry is the backbone of some of the most
important industries in the world, take for instance fuel and power
generation. The mounting global demand for oil and gas has led to
several new exploration and production projects. The added transport
and refinement processes needed to complement the rising volumes of
oil and gas are expected to fuel the global pumps and valves market.
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Pumps
and Valves in the oil and gas industry:
All
the operations in oil and gas industry are segmented into three broad
sectors: upstream, downstream, and exploration. Exploration
activities however, are usually considered a part of upstream
processes. The upstream sector includes activities such as searching
for potential oil and gas fields, drilling of oil and gas wells, and
operating the wells for recovering and bringing crude oil and/or
unprocessed natural gas to the surface.
The
downstream sector includes activities such as refining, processing,
storing, and distributing treated and/or untreated products. The
downstream sector serves consumers with thousands of products such as
diesel, gasoline, lubricants, plastic, rubber, asphalt, jet fuel,
etc.
Crude
oil, natural gas and a variety of natural gas liquids follow a long
and complex process before they are converted into the final
products. Their storage, maintenance, and transportation involve
systems that are designed to work in complex operating conditions
innate to the oil and gas industry. High pressure and temperatures,
hostile exploration environments, and a variety of chemicals commonly
observed in oil and natural gas products are some of the most common
complexities faced by systems operating in the oil and gas industry.
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Popular
Varieties of Pumps and Valves Employed in Oil and Gas Industry
A
wide variety of pumps and valves form a critical part of these
systems, making the processes of storing, marketing, and transporting
raw, intermediate, and final oil and gas products safe and
economical. Pumps are the machines used for moving fluids with the
help of mechanical force. Valves are the devices that control and
direct the flow of fluids running through pipes.
The
oil and gas industry uses two major types of pumps: centrifugal pumps
and positive displacement pumps. Types of valves mainly used in the
oil and gas industry include varieties such as ball valve, needle
valve, gate valve, and check valve.
The
rising awareness about the functional and economic benefits of
positive displacement pumps is steadily shifting customers away from
centrifugal pumps. It has being projected that positive displacement
pumps will prove indispensible in enhanced oil and gas recovery
mechanisms such as hydraulic fracturing in the coming years. As a
result, the market for positive displacement pumps will expand
significantly in the near future.
The
market for valves is expected to benefit from the rising adoption of
artificial lifts for economical production of oil from oil wells as
well as the numerous research activities aiding the development of
more efficient and reliable valves.
Major
Businesses Providing Pumps and Valves for Oil and Gas Industries
Businesses
operating in the field of pumps and valves produced for the oil and
gas industry are continuously involved in the development of new and
more effective varieties of pumps and valves. Some of the key
businesses operating in the global market include Cortec, LLC,
Flowserve Corporation, LEWA GmbH, DAFRAM S.p.A., The Weir Group PLC,
Cornell Pump Company, PetrolValves, Oliver Valves Limited, BuTech,
Sulzer Ltd., L.B. Bentley Limited, PERAR s.p.a, Cameron, and FMC
Technologies Inc.
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TMR Blog Energy Reports :
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