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Thursday, 19 July 2018

Bigger challenges, New solutions

In an interview, Markus Hartmann, Head of Oil & Gas Market Segment, Evonik Resource Efficiency GmbH, with Chemical Today Magazine opens up about the polymer trends, demands and challenges for the oil & gas industry.
By Shivani Mody
Global trends in oil & gas industry.
There have been several developments in the Oil & Gas market worldwide. In 2015 and 2016 numerous factors resulted in a decrease of oil price which in turn caused significant cost pressures on the oil & gas industry and the complete value chain. Meanwhile, onshore shale gas and oil in North America is more cost competitive than before. Technical questions are asked to solve life-time limitations for parts, pipes and components in Oil & Gas applications.
Rise in oil prices again has motivated oil producers to enlarge their deep and ultra-deep offshore oil exploration and production activities. However, new technical challenges are also coming up with these technologies.

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