Celsion Corp
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Health Care : Biotechnology | Small Cap Value
Company profile

Celsion Corporation is an oncology drug development company. The Company's product candidate is ThermoDox, a heat-activated liposomal encapsulation of doxorubicin, which is in Phase III clinical trial for treatment of primary liver cancer (the OPTIMA Study) and a Phase II clinical trial for treatment of recurrent chest wall breast cancer (the DIGNITY Study). Its pipeline also includes GEN-1, a deoxyribonucleic acid (DNA) mediated immunotherapy for the localized treatment of ovarian and brain cancers. It has over three platform technologies for the development of treatments for those suffering with difficult-to-treat forms of cancer, including Lysolipid Thermally Sensitive Liposomes, a heat sensitive liposomal based dosage form that targets disease with known therapeutics in the presence of mild heat; TheraPlas, a nucleic acid-based treatment for local transfection of therapeutic plasmids, and TheraSilence, a systemic dosage form for lung directed anti-cancer ribonucleic acid (RNA).

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$59.4 Billion Enhanced Oil Recovery Market: Schlumberger, Baker Hughes Co, Royal Dutch Shell and BP Dominate - Global Forecast to 2025 - ResearchAndMarkets.com

5:12 am ET November 20, 2020 (BusinessWire) Print

The "Enhanced Oil Recovery Market - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The enhanced oil recovery market is projected to reach USD 59.4 billion by 2025 from an estimated USD 43.3 billion in 2020, at a CAGR of 6.5% during the forecast period.

Rising production from the existing oil & gas reserves as well as depleting reserves has driven the enhanced oil recovery market growth. Furthermore, shale developments and rising drilling activities are driving the market. However, declining oil demand from Europe due to the transition towards renewables is likely to hamper the growth of the enhanced oil recovery market.

"The gas EOR, by technology, is expected to be the fastest-growing market from 2020 to 2025."

The gas EOR segment is categorized as CO2 and others(Nitrogen and Natural gas).In 2018, horizontal wells accounted for about 70% of the wells drilled globally. This is majorly due to the growth is attributed to the increasing availability of low-cost natural CO2 from fields and reservoirs, and the declining cost of carbon capturing and sequestration. North America is expected to hold the largest horizontal well type market, with continuous shale developments in the US.

"The onshore segment, by application, is expected to be the largest market from 2020 to 2025."

The onshore segment is expected to grow at the fastest rate during the forecast period. Enhanced oil recovery methods such as thermal EOR, chemical EOR, gas EOR are most prominently used in onshore oil wells. The companies have been exploring the onshore locations for oil & gas production owing to the fact that offshore has huge untapped reserves. Owing to the onshore oil recovery market is a larger number of mature oil fields are located onshore, and the scope for enhanced oil recovery is higher in onshore oilfields, and the cost, risk, and complexity associated with it are low.

"North America: The largest and the third fastest-growing region in the enhanced oil recovery market."

North America is expected to dominate the global enhanced oil recovery market between 2020 and 2025. Moreover, the continuous shale activities in the region are driving the demand for enhanced oil recovery operations. The upstream operators, such as Total, ExxonMobil, Chevron, and Apache, also have a significant presence in North America. This creates more opportunities for oilfield service providers to capture long-term contracts.

The enhanced oil recovery market is dominated by a few major players that have an extensive regional presence. The leading players in the enhanced oil recovery market are Schlumberger (US), Baker Hughes Company (US), Royal Dutch Shell Plc (Netherlands), and BP Plc (UK).

Market Dynamics


Increasing Production from Maturing Oilfields Growing Shale Activities Rising Primary Energy Consumption from Asia-Pacific


Increasing Adoption of Renewable Energy in Europe Strict Government Regulations on E&P Activities


Focus on Heavy Oil Production New Offshore Oilfield Discoveries


Impact of Covid-19 on Oil and Gas Production Activities

Supply Chain Overview

Key Influencers Consulting Companies Manufacturers Service Providers Oilfield Operators

Impact of Crude Oil Price

Case Study Analysis

Improved Mobility Control in Co2 Enhanced Recovery Using Spi Gels

Market Map

Regulatory Landscape

Companies Mentioned

Air Liquide BASF Se BP plc Baker Hughes Company Championx Clariant Croda International plc Exterran Corporation Halliburton Linde plc Premier Energy RCS Group of Companies Royal Dutch Shell plc Schlumberger Secure Energy Services Suncor Energy Inc. Technipfmc Titan Oil Recovery Inc. Ultimate EOR Services Xytel Corporation

For more information about this report visit https://www.researchandmarkets.com/r/xl6ox1

View source version on businesswire.com: https://www.businesswire.com/news/home/20201120005429/en/

SOURCE: Research and Markets

Laura Wood, Senior Press Manager
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