How to get the best of the daily mass balance system operation

Size: px
Start display at page:

Download "How to get the best of the daily mass balance system operation"

Transcription

1 How to get the best of the daily mass balance system operation Oscar Rotava Process System Engr. PhD. Petrobras Alexandre Almeida Campos Chemical Engr. MSc. Soteica

2 Agenda The Companies PETROBRAS and SOTEICA Presentation objectives Why to implement mass balance Generating reconciled data Using reconciled data: benefits and profits Perspectives and future applications 2

3 The Companies PETROBRAS HIGHLIGTS Headquarters in Rio de Janeiro Brazil US$ 80 billion net income /US$ 13 billion net profit /US$ 17 billion investment ,920,000 bpd oil/lng and 370,000 bpd of nat.gas production 1,872,000 bpd refining capacity 11 refineries in Brazil and 4 abroad (3 in Argentina/1 in USA) SOTEICA A consultancy Company Main activity: Modeling of IT Systems oriented to Process Eng. Founded 22 years ago Employees: 51 Projects developed in Germany, Argentina, Belgian, Brazil, Chile, Equador, Spain, USA, France, England, Mexico, Venezuela 3

4 The Companies Refineries with SIGMAFINE operational REPLAN (SOTEICA) REVAP (SOTEICA) RLAM (SOTEICA) RECAP RLAM (SOTEICA) REGAP REMAN LUBNOR REDUC (SOTEICA) REFINERIES IN BRAZIL 4

5 Presentation objectives To show the usage of SIGMAFINE in the generation of reconciled data in many different tasks in oil refineries improving data quality optimizing refinery operation, resulting in profits Hard work and perseverance 5

6 Why to implement mass balance FW Management Operations Ltd (1995) Petrobras needs to get the refineries to carry out a daily mass balance in order to establish accurately the FUEL & LOSS... This will then give a good indication of the areas for improvements in the management of the oil within the refinery, and will indicate the economic justification for improvements. 6

7 FW Management Operations Ltd The most important KPI used in the international oil refining industry is not measured in both refineries. Oil is money. IF IT IS NOT MEASURED, IT CANNOT BE CONTROLLED. 7

8 Why to implement mass balance SIGMAFINE IN PETROBRAS 2000 Bid to buy mass balance system (won by SOTEICA an OSI partner) 6 turn key projects 5 in house projects 2 3 projects every year 2003 Decision made to hire SOTEICA to operate the system at some refineries June 2004/April 2005/March 2007 Mass Balance Workshops 8

9 Why to implement mass balance There are no facts, only interpretations. Friedrich Nietzsche 9

10 ESA61 Generating reconciled data PI Process data Tank transactions Constraints Constraints Sigmafine ESA63 Reconciled data 10

11 Slide 10 ESA61 reduction of the execution time: calculation of the value of simultaneous transactions in runing tanks density integration in the tanks capture of inconsistent density 0.5<d<1.5 transaction time Oscar Rotava, 7/25/2007 ESA63 Observation of kpis (DX) zeroeing flows that should be zero Oscar Rotava, 7/25/2007

12 Using reconciled data Oil loss accountability Determination of fuel consumption KPI Production accountability support (financial) Maintenance support Production accountability support (mass balance) Test run data reconciliation Refinery KPIs follow up Team training Optimization group support Inventory monitoring Production Planning Reconciled data can be used in many daily activities of the refinery staff 11

13 Using reconciled data: benefits and profits Data quality improvement: benefits Mass Balance before Sigmafine Feb/01 Jan/02 (Loss % Cumulative = 1.09%) Loss Accountability 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% 2.0% 4.0% 6.0% (%) Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Loss % 3 Month Rolling Loss % Cumulative 3 jan 04 mar 04 mai 04 jul 04 sep 04 nov 04 jan 05 mar 05 mai 05 jul 05 sep 05 nov 05 jan 06 mar 06 mai 06 Gross error detection Regular improvements Optimization SF Losses jul 06 Solution 0.48 sep 06 nov 06 Loss Accountability Oil Sigmafine loss figures available after Sigmafine implementation Benchmark jan 07 mar 07 mai Jun/02 Jul/02 Aug/02 Sep/02 Oct/02 Nov/ % SF montly SF cumulative 12

14 Using reconciled data: benefits and profits Data quality improvement: benefits Tank density integration D ata 16/2/2007 T anque T Q 4726 D a ta 16 /2 / :0 0 T a nq u e T Q om siçã tanq ue (%) Difference = (Measured C o m p o siçã o Volume) d o tanq u e (% ) (Reconciled Value) Tank Tank composition Composition Fuel Diesel Oil 4% 7% 4 % 1% 10 % 00% % 0 0% % 0 % 9% 12% 10 % 16% 1 6 % 18% 0% 0% 0% 0% 4 m3 35 m3 0% 25% 30 % Density tank integration P ro d uto R V _ U 21 0 A R V _ U 21 0 R A T _ U 20 0A G O P _U G O P _U 9 8 0A D IL_ U 2 10 G P O roduto M _ U 98 0 O LR D IEH _ U 2D 20 T A 71 K D L_U 200A O LR D ISP _ U 2 20 O D E P_ IN U 2 20 G OD L L_U G OQ M IIN _ U 98 0 A O DN E A_ PE U 2 20 A G O L _U 9 8 0A 18% Q _U % O D E C _ U 2 10 O C E X 26 3 G O P _U 2 1 0A M F DDa ados s 13

15 Using reconciled data: benefits and profits Data quality improvement: benefits 25,00% LPG yield in Fluidized Catalytic Cracking Unit PI LPG yield 20,00% 15,00% 10,00% Before Sigmafine operation After Sigmafine operation 5,00% 0,00% 8/1/ /1/ /2/2005 9/3/ /3/ /4/2005 8/5/ /5/ /6/

16 Using reconciled data: benefits and profits Data quality improvement: benefits % LGN consume versus KPI Energy NG consumption versus Energy KPI KPI energy (%) % 98.00% 96.00% 94.00% 92.00% 90.00% 88.00% 86.00% KPI Target Consumption (ton (ton LGN NG per day) ** 20 ton of NG in a global refinery balance represent 0.04%, BUT they mean 1% in the energy KPI 15

17 Using reconciled data: benefits and profits Data quality improvement: profits Mass balance yield (%) Mass balance yield FCC (Fluidized Catalitic Cracking Unit) *Data reconciliation group identified LCO flow meter fault *During this period it was believed that LCO yield had decreased. It was eliminated loss corresponding to US$ 23.5 million per year Unit shut down Different catalyst loaded Date Flow meters maintenance required by reconciliation group **LCO flow meter repaired **Actual LCO yield equal to the value previously to the catalyst change **Lower light HC and more decanted oil produced = Less profits 16

18 Using reconciled data: benefits and profits Data quality improvement: profits Diesel batch production case Giveaway reduction 17

19 Tanque TQ 4722 Components volume (m 3 ) Components Histórico volume Volume (m3) Batch of diesel being sold Soma de Volume New batch of diesel Hydrotreated diesel $ Kerosene $ ,00 90,00 1/2/2007 2/2/2007 3/2/2007 4/2/2007 Média de Margem Lucro (US$/m3) 5/2/2007 6/2/2007 7/2/2007 8/2/2007 9/2/ /2/ /2/2007 Batch Profit (US$) Batch Profit fev/07 (US$) Mês Data 12/2/ /2/ /2/ /2/ /2/ /2/ ,00 70,00 60,00 50,00 Batch composition recipe defined by blending optimizer 40,00 30,00 20,00 10, US$/m 3 0,00 1/2/2007 2/2/2007 3/2/2007 4/2/2007 5/2/2007 6/2/2007 7/2/2007 8/2/2007 9/2/2007 fev/07 10/2/ /2/ /2/ /2/ /2/ /2/ /2/ /2/2007 Profit of new batch 18 (larger than previous one) Mês Data

20 Using reconciled data: benefits and profits Data quality improvement: profits Cost integration with reconciled data Optimizer result 62,77 US$/m 3 63,84 US$/m 3 1,00 US$/m 3 difference ,00 US$/batch x m 3 x 40 batches/month ,00 US$/month Measurement problem hydrotreated diesel flow Error = 230 m 3 /day x 12 month/year ,00 US$/year 19

21 Using reconciled data: benefits and profits Data quality improvement: profits Gasoil feed flow to FCC unit Unidade (Tudo) Produto (Tudo) Data reconciliation procedure detected that the feed flow 7000 meter was misreading flow by 300 m 3 /day. Without SIGMAFINE The system, lack of 300 m 3 it /day would take of processed quite a long time feed to discover the mistake because of running tank operations (maybe only in a test run). operation 5000 Normal unit operation Unit back to Medidor represents 4000 a liquid loss of US$ 477,000/month or Dados Vazão (t/dia) Feed flow meter working properly US$ 5,700,000/year Data Unit shut down

22 Using reconciled data: benefits and profits Data quality improvement: profits Solvent Loss, entrainment, US$ m Financial Volum etric losses entrainm of the aromatic ent losses removal from unit, the aromatic total amount removal by month unit, total amounts by from month Jun 2006 from to Jun 2006 may to m ay Data reconciliation group detected rubber Potential solvent profit (more depends expensive) on the being difference degraded between to gasoline rubber (less solvent expensive) Total and gasoline solvent by entrainment: entrainment, prices 14 in a % of feed aromatic Total annual extraction losses: unit. US$ 0.7 million Date 21

23 Using reconciled data: benefits and profits Project profit of US$ 36,1 million in 2006 in two refineries 22

24 Perspectives and future applications Oil loss models Kinds of losses Hydraulic Models 23

25 Perspectives and future applications Ten Rules for the Good Life 1) Never put off till tomorrow what you can do today. 2) Never trouble another for what you can do yourself. 3) Never spend your money before you have it. 4) Never buy what you do not want because it is cheap; it will never be dear to you. 5) Pride costs us more than hunger, thirst, and cold. 6) Never repent of having eaten too little. 7) Nothing is troublesome that we do willingly. 8) Don't let the evils which have never happened cost you pain. 9) Always take things by their smooth handle. 10) When angry, count to ten before you speak; if very angry, count to one hundred. Author: Thomas Jefferson 24

26

AT&T Global Network Client for Windows Product Support Matrix January 29, 2015

AT&T Global Network Client for Windows Product Support Matrix January 29, 2015 AT&T Global Network Client for Windows Product Support Matrix January 29, 2015 Product Support Matrix Following is the Product Support Matrix for the AT&T Global Network Client. See the AT&T Global Network

More information

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS*

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS* COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) 2 Fixed Rates Variable Rates FIXED RATES OF THE PAST 25 YEARS AVERAGE RESIDENTIAL MORTGAGE LENDING RATE - 5 YEAR* (Per cent) Year Jan Feb Mar Apr May Jun

More information

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS*

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS* COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) 2 Fixed Rates Variable Rates FIXED RATES OF THE PAST 25 YEARS AVERAGE RESIDENTIAL MORTGAGE LENDING RATE - 5 YEAR* (Per cent) Year Jan Feb Mar Apr May Jun

More information

Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 1 of 138. Exhibit 8

Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 1 of 138. Exhibit 8 Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 1 of 138 Exhibit 8 Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 2 of 138 Domain Name: CELLULARVERISON.COM Updated Date: 12-dec-2007

More information

Analysis One Code Desc. Transaction Amount. Fiscal Period

Analysis One Code Desc. Transaction Amount. Fiscal Period Analysis One Code Desc Transaction Amount Fiscal Period 57.63 Oct-12 12.13 Oct-12-38.90 Oct-12-773.00 Oct-12-800.00 Oct-12-187.00 Oct-12-82.00 Oct-12-82.00 Oct-12-110.00 Oct-12-1115.25 Oct-12-71.00 Oct-12-41.00

More information

Enhanced Vessel Traffic Management System Booking Slots Available and Vessels Booked per Day From 12-JAN-2016 To 30-JUN-2017

Enhanced Vessel Traffic Management System Booking Slots Available and Vessels Booked per Day From 12-JAN-2016 To 30-JUN-2017 From -JAN- To -JUN- -JAN- VIRP Page Period Period Period -JAN- 8 -JAN- 8 9 -JAN- 8 8 -JAN- -JAN- -JAN- 8-JAN- 9-JAN- -JAN- -JAN- -JAN- -JAN- -JAN- -JAN- -JAN- -JAN- 8-JAN- 9-JAN- -JAN- -JAN- -FEB- : days

More information

Ashley Institute of Training Schedule of VET Tuition Fees 2015

Ashley Institute of Training Schedule of VET Tuition Fees 2015 Ashley Institute of Training Schedule of VET Fees Year of Study Group ID:DECE15G1 Total Course Fees $ 12,000 29-Aug- 17-Oct- 50 14-Sep- 0.167 blended various $2,000 CHC02 Best practice 24-Oct- 12-Dec-

More information

Sigmafine: A Flexible Platform to Validate Process and Business Information

Sigmafine: A Flexible Platform to Validate Process and Business Information Sigmafine: A Flexible Platform to Validate Process and Business Information Roberto Linares, Visiant Pimsoft Massimo Galli, Visiant Pimsoft OSIsoft s Brasil Regional Seminar 2010 Sao Paulo, October 28,

More information

TonenGeneral Sekiyu K.K. Business Strategy and 2007 Financial Results

TonenGeneral Sekiyu K.K. Business Strategy and 2007 Financial Results TonenGeneral Sekiyu K.K. Business Strategy and 2007 Financial Results February 15, 2008 at TSE Arrows This material contains forward-looking statements based on projections and estimates that involve many

More information

Independent Accountants Report on Applying Agreed-Upon Procedures

Independent Accountants Report on Applying Agreed-Upon Procedures Independent Accountants Report on Applying Agreed-Upon Procedures Board of Trustees We have performed the procedures, as discussed below, with respect to the employer contributions remitted by to the in

More information

Outlook for Russia s downstream industry, infrastructure development and evolving export strategy

Outlook for Russia s downstream industry, infrastructure development and evolving export strategy Outlook for Russia s downstream industry, infrastructure development and evolving export strategy Maxim Nesmelov Deputy Director of crude and oil products trading Department, Head of products trading E-mail:

More information

2015-16 BCOE Payroll Calendar. Monday Tuesday Wednesday Thursday Friday Jun 29 30 Jul 1 2 3. Full Force Calc

2015-16 BCOE Payroll Calendar. Monday Tuesday Wednesday Thursday Friday Jun 29 30 Jul 1 2 3. Full Force Calc July 2015 CM Period 1501075 July 2015 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 August 2015 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26

More information

Consumer ID Theft Total Costs

Consumer ID Theft Total Costs Billions Consumer and Business Identity Theft Statistics Business identity (ID) theft is a growing crime and is a growing concern for state filing offices. Similar to consumer ID theft, after initially

More information

Managing Projects with Practical Software & Systems Measurement PSM

Managing Projects with Practical Software & Systems Measurement PSM Managing Projects with Practical Software & Systems Measurement PSM Mauricio Aguiar PSM Qualified Instructor TI Métricas Ltda. Av. Rio Branco 181/1910 Rio de Janeiro, RJ Brazil 20040-007 www.metricas.com.br

More information

Coffee year 2014/15 ends with prices at 20-month low

Coffee year 2014/15 ends with prices at 20-month low Coffee year 2014/15 ends with prices at 20-month low The coffee market slumped further in September, following a slight rally in August, with the weakness of the real and peso again proving the most influential

More information

CENTERPOINT ENERGY TEXARKANA SERVICE AREA GAS SUPPLY RATE (GSR) JULY 2015. Small Commercial Service (SCS-1) GSR

CENTERPOINT ENERGY TEXARKANA SERVICE AREA GAS SUPPLY RATE (GSR) JULY 2015. Small Commercial Service (SCS-1) GSR JULY 2015 Area (RS-1) GSR GSR (LCS-1) Texarkana Incorporated July-15 $0.50690/Ccf $0.45450/Ccf $0.00000/Ccf $2.85090/MMBtu $17.52070/MMBtu Texarkana Unincorporated July-15 $0.56370/Ccf $0.26110/Ccf $1.66900/Ccf

More information

Accident & Emergency Department Clinical Quality Indicators

Accident & Emergency Department Clinical Quality Indicators Overview This dashboard presents our performance in the new A&E clinical quality indicators. These 8 indicators will allow you to see the quality of care being delivered by our A&E department, and reflect

More information

Maximize Conversion and Flexibility

Maximize Conversion and Flexibility Maximize Conversion and Flexibility The UOP TM Robert Haizmann UOP LLC 6 th Russia & CIS BBTC Conference April 13-14, 2011 Moscow, Russia 2011 UOP LLC. All rights reserved. Maximize Conversion and Flexibility

More information

Causes and Consequences of the Decline in the Price of Oil since June 2014

Causes and Consequences of the Decline in the Price of Oil since June 2014 Causes and Consequences of the Decline in the Price of Oil since June 2014 Christiane Baumeister Lutz Kilian University of Notre Dame University of Michigan CEPR Brent Price of Crude Oil in 2013 and 2014

More information

Presentation on Results for the 2nd Quarter FY 2015. Idemitsu Kosan Co.,Ltd. November 4, 2015

Presentation on Results for the 2nd Quarter FY 2015. Idemitsu Kosan Co.,Ltd. November 4, 2015 Presentation on Results for the 2nd Quarter FY 2015 Idemitsu Kosan Co.,Ltd. November 4, 2015 Table of Contents 1. 2 nd Quarter FY 2015 Financials (1) Overview (2) Segment Information (3) Streamlining 2.

More information

ETBE - back in fashion? Trends and opportunities in the ETBE & Ethanol markets

ETBE - back in fashion? Trends and opportunities in the ETBE & Ethanol markets ETBE - back in fashion? Trends and opportunities in the ETBE & Ethanol markets Presentation to World Biofuels Markets, Amsterdam Geraldine Gilmartin 16 th March, 21 Outline ETBE: Global markets overview

More information

Grain Stocks Estimates: Can Anything Explain the Market Surprises of Recent Years? Scott H. Irwin

Grain Stocks Estimates: Can Anything Explain the Market Surprises of Recent Years? Scott H. Irwin Grain Stocks Estimates: Can Anything Explain the Market Surprises of Recent Years? Scott H. Irwin http://nationalhogfarmer.com/weekly-preview/1004-corn-controversies-hog-market http://online.wsj.com/news/articles/sb10001424052970203752604576641561657796544

More information

OIL MARKETS AND THEIR ANALYSIS IEA ENERGY TRAINING WEEK PARIS, APRIL 2013

OIL MARKETS AND THEIR ANALYSIS IEA ENERGY TRAINING WEEK PARIS, APRIL 2013 OIL MARKETS AND THEIR ANALYSIS IEA ENERGY TRAINING WEEK PARIS, APRIL 2013 A (VERY) BRIEF OVERVIEW OF THE OIL INDUSTRY End consumers buy refined products (eg gasoline / diesel) Refineries buy crude oil

More information

2016 Examina on dates

2016 Examina on dates Please note the following informa on: The following exams are available throughout the year: Please click on the exam for which you wish to see the dates. When you have finished, you can select to return

More information

Apples Review of 2012/13 season Prognosfruit - Congress 2013 Helwig Schwartau, AMI

Apples Review of 2012/13 season Prognosfruit - Congress 2013 Helwig Schwartau, AMI Apples Review of 2012/13 season Prognosfruit - Congress 2013 Helwig Schwartau, AMI Market balance for table apples in EU-27 1.000 tons 2009/10 2010/11 2011/12 2012/13f Market production 10.984 9.651 10.663

More information

NATIONAL CREDIT UNION SHARE INSURANCE FUND

NATIONAL CREDIT UNION SHARE INSURANCE FUND NATIONAL CREDIT UNION SHARE INSURANCE FUND PRELIMINARY & UNAUDITED FINANCIAL HIGHLIGHTS RENDELL L. JONES CHIEF FINANCIAL OFFICER MANAGEMENT OVERVIEW Balance Sheet Other - Insurance and Guarantee Program

More information

Presentation on Results for the 1st Quarter FY 2014. Idemitsu Kosan Co.,Ltd. August 5, 2014

Presentation on Results for the 1st Quarter FY 2014. Idemitsu Kosan Co.,Ltd. August 5, 2014 Presentation on Results for the 1st Quarter FY 2014 Idemitsu Kosan Co.,Ltd. August 5, 2014 Table of Contents 1. FY 2014 1 st Quarter Financials (1) Overview (2) Segment Information (3) Streamlining (4)

More information

CRG CONSERVE RESOURCES GROUP ECO ENVIRONMENTAL ENGINEERING TECHNOLOGIES. NEW State of the Art. Advanced OIL REFINERY TECHNOLOGY & PROCESSES

CRG CONSERVE RESOURCES GROUP ECO ENVIRONMENTAL ENGINEERING TECHNOLOGIES. NEW State of the Art. Advanced OIL REFINERY TECHNOLOGY & PROCESSES NEW State of the Art Advanced OIL REFINERY TECHNOLOGY & PROCESSES TABLE OF CONTENTS Introduction ( Part 1 ) Comparison Advantages Information Appendix Result of Fraction Refinery Economic indicator + Supporting

More information

Red Alert Program In Drilling Rigs:

Red Alert Program In Drilling Rigs: : A Strong Decision To Show Leadership And To Involve Work Force Towards Zero Serious Or Fatal Incidents PETROBRAS J. M. Cabral, F. M. Pinheiro and W. F. Marozzi, PETROBRAS; L.C. Marchi - STRATAGEO SOLUÇÕES

More information

Computing & Telecommunications Services Monthly Report March 2015

Computing & Telecommunications Services Monthly Report March 2015 March 215 Monthly Report Computing & Telecommunications Services Monthly Report March 215 CaTS Help Desk (937) 775-4827 1-888-775-4827 25 Library Annex helpdesk@wright.edu www.wright.edu/cats/ Last Modified

More information

MEDIA STATEMENT - FOR RELEASE ON 01 APRIL 2016 RELEASED BY CEF (SOC) LTD ON BEHALF OF THE DEPARTMENT OF ENERGY ENQUIRIES: MR J MOKOBANE 082 766 3674

MEDIA STATEMENT - FOR RELEASE ON 01 APRIL 2016 RELEASED BY CEF (SOC) LTD ON BEHALF OF THE DEPARTMENT OF ENERGY ENQUIRIES: MR J MOKOBANE 082 766 3674 MEDIA STATEMENT - FOR RELEASE ON 01 APRIL 2016 RELEASED BY CEF (SOC) LTD ON BEHALF OF THE DEPARTMENT OF ENERGY ENQUIRIES: MR J MOKOBANE 082 766 3674 1. PRICE CHANGES TO BE EFFECTED ON WEDNESDAY 6 APRIL

More information

Welcome! First Steps to Achieving Effective Inventory Management

Welcome! First Steps to Achieving Effective Inventory Management Welcome! First Steps to Achieving Effective Inventory Management Tuesday, January 25, 2011 10 a.m. 11 a.m. EST Housekeeping Items This meeting will run for approximately one hour. Submit all questions

More information

Energy Efficiency s Role in Getting America Out of Its Energy Straightjacket

Energy Efficiency s Role in Getting America Out of Its Energy Straightjacket Energy Efficiency s Role in Getting America Out of Its Energy Straightjacket R. Neal Elliott, Ph.D., P.E. Industrial Program Director ACEEE Jan-06 Industrial Energy Prices 17.00 15.00 13.00 11.00 9.00

More information

Lifting the Crude Oil Export Ban

Lifting the Crude Oil Export Ban September 2015 Lifting the Crude Oil Export Ban Explainer I: Crude Oil Export Ban Overview The Bipartisan Policy Center (BPC) prepared this overview as part of a series to promote greater understanding

More information

FULL YEAR 2014 TOTAL STEEL IMPORTS UP 38% FROM 2013 Finished Steel Import Market Share 30% in December

FULL YEAR 2014 TOTAL STEEL IMPORTS UP 38% FROM 2013 Finished Steel Import Market Share 30% in December News Release FOR IMMEDIATE RELEASE January 27, 2015 CONTACT Lisa Harrison 202.452.7115/ lharrison@steel.org FULL YEAR 2014 TOTAL STEEL IMPORTS UP 38% FROM 2013 Finished Steel Import Market Share 30% in

More information

SARAS Preliminary FY 2015 and Q4 2015 results

SARAS Preliminary FY 2015 and Q4 2015 results SARAS Preliminary FY 2015 and Q4 2015 results 29 th February 2016 29 Feb 2016 Saras SpA 1 AGENDA Highlights Segments Review Financials Outlook & Strategy Additional Information DISCLAIMER Certain statements

More information

2014 EXPIRATION CALENDAR PRODUCTS

2014 EXPIRATION CALENDAR PRODUCTS 204 EXPIRATION CALENDAR PRODUCTS As the world s largest and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. In 2008, NYMEX became part of CME Group. Together, we

More information

April Gross Receipts Show Impact of Low Oil and Gas Prices

April Gross Receipts Show Impact of Low Oil and Gas Prices OKLAHOMA STATE TREASURER KEN MILLER For Immediate Release: May 5, 2015 April Gross Receipts Show Impact of Low Oil and Gas Prices OKLAHOMA CITY Oklahoma s April Gross Receipts to the Treasury report shows

More information

Room XXVI Palais des Nations Geneva, Switzerland. Oil Market Outlook. Eissa B. Alzerma Oil Price Analyst Petroleum Studies Department, OPEC

Room XXVI Palais des Nations Geneva, Switzerland. Oil Market Outlook. Eissa B. Alzerma Oil Price Analyst Petroleum Studies Department, OPEC UNCTAD Multi-Year Expert Meeting on Commodities and Development 2013 Recent developments and new challenges in commodity markets, and policy options for commodity-based inclusive growth and sustainable

More information

CAFIS REPORT 2015.10

CAFIS REPORT 2015.10 CAFIS REPORT 2015.10 INDEX Message CAFIS Inbound 03-06 07-08 CAFIS Arch 09-10 CAFIS Brain 11-12 CAFIS Global 13-14 What We Do 15-16 About CAFIS 17-18 Services for Member Stores 19-34 Services for Card

More information

Coffee Year 2014-15 Futures Trading Analysis

Coffee Year 2014-15 Futures Trading Analysis Lower coffee exports lend support to Robusta prices The coffee market rallied slightly in June, led in most part by a recovery in Robusta prices. For the sixth month in a row exports were lower than last

More information

Comparison of Government Expenditure and Revenue statistics in the monthly Public Sector Finances and quarterly National Accounts

Comparison of Government Expenditure and Revenue statistics in the monthly Public Sector Finances and quarterly National Accounts Comparison of Government Expenditure and Revenue statistics in the monthly Public Sector Finances and quarterly National Accounts 1. Summary This article explains the changes that ONS will be making to

More information

Example of a diesel fuel hedge using recent historical prices

Example of a diesel fuel hedge using recent historical prices Example of a diesel fuel hedge using recent historical prices Firm A expects to consume 5,, litres of diesel fuel over the next 12 months. Fuel represents a large expense for the firm, and volatile prices

More information

PRELIMINARY STEEL IMPORTS INCREASE 17% IN JANUARY Import Market Share 32% in January

PRELIMINARY STEEL IMPORTS INCREASE 17% IN JANUARY Import Market Share 32% in January News Release FOR IMMEDIATE RELEASE February 25, 2015 CONTACT: Lisa Harrison 202.452.7115/ lharrison@steel.org PRELIMINARY STEEL IMPORTS INCREASE 17% IN JANUARY Import Market Share 32% in January Washington,

More information

Sulphur in Nigerian Diesel

Sulphur in Nigerian Diesel Sulphur in Nigerian Diesel Aminu Jalal National Automotive Council, Abuja, Nigeria, At National Sensitisation Workshop on Sulphur Reduction in Vehicle Fuels, Lome, Togo, 17-18 June 2008 Outline Introduction

More information

Architectural Services Data Summary March 2011

Architectural Services Data Summary March 2011 Firms Typically Small in Size According to the latest U.S. Census Survey of Business Owners, majority of the firms under the description Architectural Services are less than 500 in staff size (99.78%).

More information

Energy Savings from Business Energy Feedback

Energy Savings from Business Energy Feedback Energy Savings from Business Energy Feedback Behavior, Energy, and Climate Change Conference 2015 October 21, 2015 Jim Stewart, Ph.D. INTRODUCTION 2 Study Background Xcel Energy runs the Business Energy

More information

P/T 2B: 2 nd Half of Term (8 weeks) Start: 25-AUG-2014 End: 19-OCT-2014 Start: 20-OCT-2014 End: 14-DEC-2014

P/T 2B: 2 nd Half of Term (8 weeks) Start: 25-AUG-2014 End: 19-OCT-2014 Start: 20-OCT-2014 End: 14-DEC-2014 2014-2015 SPECIAL TERM ACADEMIC CALENDAR FOR SCRANTON EDUCATION ONLINE (SEOL), MBA ONLINE, HUMAN RESOURCES ONLINE, NURSE ANESTHESIA and ERP PROGRAMS SPECIAL FALL 2014 TERM Key: P/T = Part of Term P/T Description

More information

P/T 2B: 2 nd Half of Term (8 weeks) Start: 26-AUG-2013 End: 20-OCT-2013 Start: 21-OCT-2013 End: 15-DEC-2013

P/T 2B: 2 nd Half of Term (8 weeks) Start: 26-AUG-2013 End: 20-OCT-2013 Start: 21-OCT-2013 End: 15-DEC-2013 2013-2014 SPECIAL TERM ACADEMIC CALENDAR FOR SCRANTON EDUCATION ONLINE (SEOL), MBA ONLINE, HUMAN RESOURCES ONLINE, NURSE ANESTHESIA and ERP PROGRAMS SPECIAL FALL 2013 TERM Key: P/T = Part of Term P/T Description

More information

Economic Activity Index ( GDB-EAI ) For the month of January 2013

Economic Activity Index ( GDB-EAI ) For the month of January 2013 Economic Activity Index ( GDB-EAI ) For the month of January 2013 Special Comment Payroll Employment Benchmark Revision March 2013 There was a major revision on the benchmark of the payroll employment

More information

ISO 20022 in Central Bank Projects: The Deutsche Bundesbank s Interbank SEPA Clearing Services

ISO 20022 in Central Bank Projects: The Deutsche Bundesbank s Interbank SEPA Clearing Services ISO 20022 in Central Bank Projects: The Deutsche Bundesbank s Interbank SEPA Clearing Services Dr. Johannes Kaiser Conception of Retail Payment Services Payment Systems Policy Division Moscow, 1 Agenda

More information

Request under the Freedom of Information Act 2000 (FOIA)

Request under the Freedom of Information Act 2000 (FOIA) Our Ref: 000803/14 Freedom of Information Section Nottinghamshire Police HQ Sherwood Lodge, Arnold Nottingham NG5 8PP Tel: 101 Ext 800 2507 Fax: 0115 967 2896 19 March 2014 Request under the Freedom of

More information

P/T 2B: 2 nd Half of Term (8 weeks) Start: 24-AUG-2015 End: 18-OCT-2015 Start: 19-OCT-2015 End: 13-DEC-2015

P/T 2B: 2 nd Half of Term (8 weeks) Start: 24-AUG-2015 End: 18-OCT-2015 Start: 19-OCT-2015 End: 13-DEC-2015 2015-2016 SPECIAL TERM ACADEMIC CALENDAR For Scranton Education Online (SEOL), Masters of Business Administration Online, Masters of Accountancy Online, Health Administration Online, Health Informatics

More information

ENERGY RISK MANAGEMENT

ENERGY RISK MANAGEMENT ENERGY RISK MANAGEMENT Howard Rennell, Pat Shigueta, & Karen Palladino (212) 624-1132 (888) 885-6100 www.e-windham.com ENERGY MARKET REPORT FOR APRIL 28, 2011 The EIA reported that its US oil demand estimate

More information

Jeff Haby, P.E. Director Sewer System Improvements. September 15, 2015. Agenda

Jeff Haby, P.E. Director Sewer System Improvements. September 15, 2015. Agenda SAWS Sanitary Sewer Overflow Reduction Program Jeff Haby, P.E. Director Sewer System Improvements SA Military Engineers Meeting Agenda SAWS Overview Consent Decree CD Compliance Programs Program Transition

More information

STRATEGIC BUSINESS PLAN QUARTERLY KPI REPORT FOR: FISCAL YEAR 2015, QUARTER 2 (JULY THROUGH DECEMBER 2014)

STRATEGIC BUSINESS PLAN QUARTERLY KPI REPORT FOR: FISCAL YEAR 2015, QUARTER 2 (JULY THROUGH DECEMBER 2014) STRATEGIC BUSINESS PLAN QUARTERLY KPI REPORT FOR: FISCAL YEAR 215, QUARTER 2 (JULY THROUGH DECEMBER ) CONTENTS BALANCED SCORECARD OF KEY PERFORMANCE INDICATORS SAFETY & SECURITY SLIDE VEHICLE, PASSENGER

More information

NORDHILLCAPITAL.COM. DISCOVERING NEW VALUES OF ASSET MANAGEMENT Forex account management

NORDHILLCAPITAL.COM. DISCOVERING NEW VALUES OF ASSET MANAGEMENT Forex account management NORDHILLCAPITAL.COM DISCOVERING NEW VALUES OF ASSET MANAGEMENT Forex account management Forex Trading The foreign exchange market is also known as FOREX or FX, it is the global currency trading market.

More information

ASimple Guide to Oil Refining

ASimple Guide to Oil Refining ASimple Guide to Oil Refining We all know that motor oil and gasoline come from crude oil. What many people do not realize is that crude oil is also the starting point for many diverse products such as

More information

2010 AIRLINE HULL & LIABILITY INSURANCE MARKET REVIEW MARCH 2011

2010 AIRLINE HULL & LIABILITY INSURANCE MARKET REVIEW MARCH 2011 2010 AIRLINE HULL & LIABILITY INSURANCE MARKET REVIEW MARCH 2011 Algeria - Brazil - Colombia - Dubai - Germany - India - Japan - Korea - Malaysia - Mexico - Romania - Singapore - Sweden - Switzerland -

More information

APES Math Review. For each problem show every step of your work, and indicate the cancellation of all units No Calculators!!

APES Math Review. For each problem show every step of your work, and indicate the cancellation of all units No Calculators!! APES Math Review For each problem show every step of your work, and indicate the cancellation of all units No Calculators!! Scientific Notation All APES students should be able to work comfortably with

More information

December 2012. Emerging Markets Small Cap: The Undiscovered Frontier

December 2012. Emerging Markets Small Cap: The Undiscovered Frontier December 212 Emerging Markets Small Cap: The Undiscovered Frontier 1 23481 The EM Small Cap Opportunity Set Global Small Cap Universe Number of Companies Emerging markets small cap comprises approximately

More information

********** An short and simple explanation of how oil is converted into gasoline and then brought to you, the consumer.

********** An short and simple explanation of how oil is converted into gasoline and then brought to you, the consumer. ********** An short and simple explanation of how oil is converted into gasoline and then brought to you, the consumer. CEC-180-2008-008 July 2008 CONTENTS [St e p 1 ] SOURCES [Step 2] extraction **************

More information

The Central Role of Energy Efficiency in the Energy Outlook and EIA s Energy Data Program

The Central Role of Energy Efficiency in the Energy Outlook and EIA s Energy Data Program The Central Role of Energy Efficiency in the Energy Outlook and EIA s Energy Data Program For MIT Energy Initiative Symposium May 12, 2014 Cambridge, MA By Howard Gruenspecht, Deputy Administrator U.S.

More information

Natural Gas / Electricity and the Industrial Sector. The Dismantling of US Manufacturing

Natural Gas / Electricity and the Industrial Sector. The Dismantling of US Manufacturing Natural Gas / Electricity and the Industrial Sector The Dismantling of US Manufacturing Paul Cicio President Industrial Energy Consumers of America August, 2007 Who Are Energy Price Sensitive Industries?

More information

The New Prior Approval Rate Application Process Frequently Asked Questions

The New Prior Approval Rate Application Process Frequently Asked Questions The New Prior Approval Rate Application Process Frequently Asked Questions 1. We understand that a complete underwriting manual must be filed electronically in SERFF with each private passenger automobile

More information

Do Americans Consume Too Little Natural Gas? An Empirical Test of Marginal Cost Pricing

Do Americans Consume Too Little Natural Gas? An Empirical Test of Marginal Cost Pricing Do Americans Consume Too Little Natural Gas? An Empirical Test of Marginal Cost Pricing Lucas Davis 1 Erich Muehlegger 2 1 University of California, Berkeley 2 Harvard University RAND Journal of Economics,

More information

May 2014 Texas School Bond Elections

May 2014 Texas School Bond Elections May 2014 Texas School Bond Elections What are the individual districts needs? New facilities Renovations Technology Central facilities How much tax revenue can the district generate? Depends on district

More information

Presentation on Results for FY 2015. Idemitsu Kosan Co.,Ltd. May 10, 2016

Presentation on Results for FY 2015. Idemitsu Kosan Co.,Ltd. May 10, 2016 Presentation on Results for FY 2015 Idemitsu Kosan Co.,Ltd. May 10, 2016 Table of Contents 1. FY 2015 Financials (1) Overview (2) Segment Information 2. Forecast for FY 2016 Performance (1) Overview (2)

More information

Financial Summary 3rd quarter of FY2012. January 29, 2013 Tohoku Electric Power Co., Inc.

Financial Summary 3rd quarter of FY2012. January 29, 2013 Tohoku Electric Power Co., Inc. Financial Summary FY2012 January 29, 2013 Tohoku Electric Power Co., Inc. Contents 1. Summary of the FY2012 Results 2. Electricity Sales 3. Large Industry Sector 4. Electricity Generated and Purchased,

More information

Suncor Denver Refinery Overview

Suncor Denver Refinery Overview Suncor Denver Refinery Overview COQA June 10, 2010 Randy Segato Denver Refinery Suncor History Integration Projects Project Odyssey Crude Qualities Suncor Synthetics Canadian Heavy Colorado Sweet other

More information

Illinois Job Index. Jan 2012 Negative. Talking Points. Illinois Notes. Nation Notes. www.real.illinois.edu

Illinois Job Index. Jan 2012 Negative. Talking Points. Illinois Notes. Nation Notes. www.real.illinois.edu Illinois Job Index Release Data Issue 01/31/2011 Jan 1990 / Dec 2011 2012.01 www.real.illinois.edu For November Illinois Job Index, the state and the Nation had positive job growth, the RMW had negative

More information

Agenda. The generation matrix in SING

Agenda. The generation matrix in SING Agenda 2 Pontificia Universidad Católica de Chile March 27th, 7 Santiago de Chile Evolution of the electricity offerdemand equilibrium The generation matrix in SING 3 Example of the dispatch order with

More information

FCC Catalyst Age Distribution Optimization Leads to Improved Profitability

FCC Catalyst Age Distribution Optimization Leads to Improved Profitability FCC Catalyst Age Distribution Optimization Leads to Improved Profitability Chip Schaeffer Technical Service Representative Grace Davison Columbia, MD, USA David Hunt FCC Technical Manager Grace Davison

More information

Coordination and air quality monitoring during emergencies. Colin Powlesland Environment Agency

Coordination and air quality monitoring during emergencies. Colin Powlesland Environment Agency Coordination and air quality monitoring during emergencies Colin Powlesland Environment Agency Contents h Introduction h What do we want to achieve? h Implementation programme h Incident timeline h Proposed

More information

Adjusted Estimates of Texas Natural Gas Production

Adjusted Estimates of Texas Natural Gas Production Adjusted Estimates of Texas Natural Gas Production Background The Energy Information Administration (EIA) is adjusting its estimates of natural gas production in Texas for 2004 and 2005 to correctly account

More information

An Assessment of Prices of Natural Gas Futures Contracts As A Predictor of Realized Spot Prices at the Henry Hub

An Assessment of Prices of Natural Gas Futures Contracts As A Predictor of Realized Spot Prices at the Henry Hub An Assessment of Prices of Natural Gas Futures Contracts As A Predictor of Realized Spot Prices at the Henry Hub This article compares realized Henry Hub spot market prices for natural gas during the three

More information

Box 6 International Oil Prices: 2002-03

Box 6 International Oil Prices: 2002-03 Annual Report 2002-03 International Oil Prices: 2002-03 Box 6 International Oil Prices: 2002-03 Notwithstanding the state of the world economy, characterised by sluggish growth in 2002, the world crude

More information

An Introduction to the. Society Program Portfolio Management Process

An Introduction to the. Society Program Portfolio Management Process An Introduction to the Society Program Portfolio Management Process Presentation Topics What is Society Program Portfolio Management or SPPM? What is the Goal of SPPM? Who Oversees SPPM? Who Participates

More information

Working Holiday Maker visa programme report. 31 December 2014

Working Holiday Maker visa programme report. 31 December 2014 Working Holiday Maker visa programme report 31 December 2014 Contents Page About this report 1 Enquiries 1 Definition of terms 2 Background to the Working Holiday Maker programme 3 Recent developments

More information

Brazil Economic Overview

Brazil Economic Overview Brazil Economic Overview New York Alexandre Tombini Governor February 2013 1 Macroeconomic Policy and Social Development Macroeconomic fundamentals, combined with adequate prudential policies and strong

More information

Climatography of the United States No. 20 1971-2000

Climatography of the United States No. 20 1971-2000 Climate Division: CA 4 NWS Call Sign: Month (1) Min (2) Month(1) Extremes Lowest (2) Temperature ( F) Lowest Month(1) Degree s (1) Base Temp 65 Heating Cooling 1 Number of s (3) Jan 59.3 41.7 5.5 79 1962

More information

How Can Fleets Control Mounting Fuel Costs? Effective fuel management requires purchase controls and driver behavior modification.

How Can Fleets Control Mounting Fuel Costs? Effective fuel management requires purchase controls and driver behavior modification. How Can Fleets Control Mounting Fuel Costs? Effective fuel management requires purchase controls and driver behavior modification. How Can Fleets Control Mounting Fuel Costs? 2 Effective Fuel Management

More information

Training Manual: The Basics of Financing Agriculture

Training Manual: The Basics of Financing Agriculture Training Manual: The Basics of Financing Agriculture Acknowledgement The Agriculture Finance Training Manual is part of AgriFin s Agriculture Finance Training Tools. The Manual was developed by IPC - Internationale

More information

Federal Energy Management Program

Federal Energy Management Program Federal Energy Management Program Federal Fleet Management 101 Instructor: Amanda Sahl Federal Energy Management Program FEMP Expert: Brad Gustafson www.femp.energy.gov/training 1 FEMP First Thursday Seminars

More information

Business Plan Example. 31 July 2020

Business Plan Example. 31 July 2020 Business Plan Example 31 July Index 1. Business Overview 1.1Objectives 1.2Vision Mission and Values 1.3 Keys to Success 2. Business Management 3. Services 2.1 Company Summary 2.2 Company Ownership 2.3

More information

How to develop a small business marketing plan

How to develop a small business marketing plan How to develop a small business marketing plan Introduction This template has been designed to assist you in the development of your marketing plan. Once you have undertaken each of the activities in this

More information

Knowledge is Power The Business Mindset The nitty gritty of understanding your cash flow CCIQ Webinar 28 October 2015

Knowledge is Power The Business Mindset The nitty gritty of understanding your cash flow CCIQ Webinar 28 October 2015 Knowledge is Power The Business Mindset The nitty gritty of understanding your cash flow CCIQ Webinar 28 October 2015 Webinar Presenter Jason Krenske Partner at Ulton Jason has worked with many businesses

More information

Newfoundland and Labrador Hydro Electricity Rates

Newfoundland and Labrador Hydro Electricity Rates Newfoundland and Hydro Electricity Rates The following charts and descriptions outline: 1) residential rates by area 2) general service rates information including basic customer charges, energy charges,

More information

Brazil Round 1. Market and Infrastructure. Gilson Galvão Krause Supt. Strategic Studies

Brazil Round 1. Market and Infrastructure. Gilson Galvão Krause Supt. Strategic Studies Brazil Round 1 Market and Infrastructure Gilson Galvão Krause Supt. Strategic Studies Market and Infrastructure General statistics on Brazilian market Existing infrastructure Market and Infrastructure

More information

Climatography of the United States No. 20 1971-2000

Climatography of the United States No. 20 1971-2000 Climate Division: CA 6 NWS Call Sign: SAN Month (1) Min (2) Month(1) Extremes Lowest (2) Temperature ( F) Lowest Month(1) Degree s (1) Base Temp 65 Heating Cooling 100 Number of s (3) Jan 65.8 49.7 57.8

More information

Natural Gas Wholesale Prices at PG&E Citygate as of November 7, 2006

Natural Gas Wholesale Prices at PG&E Citygate as of November 7, 2006 QUARTERLY GAS ISSUES UPDATE December 26 I. Supply Issues Wholesale Natural Gas Prices Above normal temperatures and a lack of hurricane activity caused market prices to decrease in October. By November,

More information

Robeco High Yield Bonds

Robeco High Yield Bonds Important Information 1. Robeco High Yield Bonds (the Fund aims to provide long term capital growth. The Fund invests at least two thirds of its total assets in bonds, asset backed securities and similar

More information

PETROLEUM WATCH September 16, 2011 Fossil Fuels Office Fuels and Transportation Division California Energy Commission

PETROLEUM WATCH September 16, 2011 Fossil Fuels Office Fuels and Transportation Division California Energy Commission PETROLEUM WATCH September 16, 2011 Fossil Fuels Office Fuels and Transportation Division California Energy Commission Summary As of September 14, retail regular-grade gasoline prices in California increased

More information

Natural Gas Diversification Strategy for PREPA GOVERNMENT DEVELOPMENT BANK FOR PUERTO RICO

Natural Gas Diversification Strategy for PREPA GOVERNMENT DEVELOPMENT BANK FOR PUERTO RICO Natural Gas Diversification Strategy for PREPA GOVERNMENT DEVELOPMENT BANK FOR PUERTO RICO Agenda 1 Importance of Diversifying to Natural Gas 2 Natural Gas Diversification Strategy 2 Currently, Puerto

More information

Fixed Income 2015 Update. Kathy Jones, Senior Vice President Chief Fixed Income Strategist, Schwab Center for Financial Research

Fixed Income 2015 Update. Kathy Jones, Senior Vice President Chief Fixed Income Strategist, Schwab Center for Financial Research Fixed Income 2015 Update Kathy Jones, Senior Vice President Chief Fixed Income Strategist, Schwab Center for Financial Research 1 Fed: Slow and Low 2015 Fixed Income Outlook 2 Yield Curve Flattening 3

More information

Are you protected against market risk?

Are you protected against market risk? Are you protected against market risk? The Aston Hill Capital Growth Fund provides low volatility access to U.S. equities with a strong focus on downside protection. Since taking over management of the

More information

1. 2015 Gross Borrowing Requirements and Funding Plan

1. 2015 Gross Borrowing Requirements and Funding Plan 1 1. 2015 Gross Borrowing Requirements and Funding Plan 1.1 Gross Borrowing requirements The Treasury expects its 2015 gross borrowing requirements to amount to EUR 39.90 billion. This represents an increase

More information

Detailed guidance for employers

Detailed guidance for employers April 2015 3 Detailed guidance for employers Appendix A: Pay reference periods This document accompanies: Detailed guidance no. 3 Assessing the workforce Pay reference period calendars where the definition

More information

2011 Interim Results Presentation. Athens, 31 August 2011

2011 Interim Results Presentation. Athens, 31 August 2011 2011 Interim Results Presentation Athens, 31 August 2011 AGENDA Results Highlights Business Units Performance Financial Results Q&A 1 RESULTS HIGHLIGHTS INDUSTRY ENVIRONMENT: Conditions remain difficult

More information

IR Best Practice & the Tools Needed to Achieve it

IR Best Practice & the Tools Needed to Achieve it IR Best Practice & the Tools Needed to Achieve it Belgrade March 2011 Andrew Crockett Senior Specialist Corporate Services Thomson Reuters INTRODUCING THOMSON REUTERS We provide intelligent information

More information