Flotek Industries (FTK) Trading Up 16.8% | Well Cementation Fluids In Oil Field

Sellbyville, DE -- (SBWIRE) -- 12/20/2018 -- The qualitative research study conducted by Global Market Insights, Inc. titled "Carboxymethyl Cellulose Market" provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of the Global Carboxymethyl Cellulose Market.

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Only recently has the Northeast’s local-foods movement reached a critical mass, to the point where colleges and caterers trip over themselves in the quest for locally sourced and sustainably grown products. (New York has the fourth-highest number of organic farms in the nation.) But the movement’s lofty ideals could turn out to be, in shale-gas areas, a double-edged sword. “People at the farmers’ market are starting to ask exactly where this food comes from,” says Stephen Cleghorn, a Pennsylvania goat farmer.

On the basis of geography, Asia Pacific held 35% shares in the global market in 2012. The increasing sustenance and refreshments industry in Asia Pacific is the major factors for the growth of the carboxymethyl cellulose in the region. The rising oil exploration in the region will also boost the demand for CMC. The food and beverage industry is expanding in Asia Pacific, thus, increasing opportunities for the global carboxymethyl cellulose market. Moreover, growing demand from the food and beverage sector will fuel demand from the CMC market in the Middle East and Latin America in the near future.

There is no universally accepted definition of what constitutes heavy oil; however, it generally has a high density, with an API of between 10°API and 22°API and a viscosity above 100 cp. Almost all heavy oil is an alteration of products of conventional oil. Worldwide, the total known accumulations of heavy oil are around 3.4 trillion bbl of oil in place, of which about 30 billion bbl are considered prospective as additional oil, according to data from the USGS.

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Thanks to public pressure, several states have started to tighten regulations on the cement casings used to line wells, and the Obama administration recently required energy companies to disclose, on the industry-sponsored website fracfocus
.org, the fracking chemicals used on public land. (States regulate fracking on private land and set different requirements.) Still, information about quantities and concentrations of the chemicals remains secret, as do compounds considered proprietary. Further, no state requires a company to disclose its ingredients until a fracking job is complete. At that point, it’s easy to blame the presence of toxins in groundwater on a landowner’s use of pesticides, fertilizers or even farm equipment.

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Testimony has shown that hydrocarbons likely broke through the poorly mixed cement at the bottom of the well and may have used channels formed by mud on the narrow side of the pipe to reach the surface.

Gagliano testified that he had worked closely with BP's design engineers for years to come up with the design for the cement slurry. He testified that he used his "best engineering judgment at all times" in carrying out his job on the Macondo well.

The surfactants market has undergone an evolution from tallow to vegetable oil to synthetic surfactants and to fatty alcohol surfactants. Over the past few years the use of dodecanol for surfactants has declined in North America, Western Europe and Japan. There has been a surge in demand for dodecanol in developing regions such as South Africa, Brazil, China, Malaysia and Indonesia as new producers have started operating facilities in these countries.