Archive for May, 2009:
The Big Three Oil Company Depots Allowed to Stay in Pandacan – says Manila Mayor Alfredo Lim
In today’s 29 May 2009 edition of Philippine Star “Lim allows oil depot to stay” as the Manila Mayor Alfredo Lim signed yesterday (May 28) a new city Ordinance 7177 that will allow the Big Three (Petron, Shell, Chevron/Caltex) oil companies to continue operating the Pandacan Oil Terminal complex as well as other industries in the city to stay, despite apprehension over possible terrorist attacks and accidents.
Mayor Lim signed city Ordinance 7177, which amends Ordinance 8027 creating Medium and Heavy Industrial Zones, as residents and supporters of the retention of the Pandacan Oil Terminal cheered the signing. (The previous Manila Mayor and now Environment (DENR) Secretary Lito Atienza and his Manila Council then passed Ordinance 8027 reclassifying the Pandacan area as residential zone from its previous industrial zone classification.) More »
The Big Three Oil Company Depots Will Be Allowed to Stay in Pandacan? – pros and cons
In yesterday’s issue of Philippine Star dated 27 May 2009 captioned “Lim to allow oil depots to stay in Pandacan?”, it appears that Manila Mayor Alfredo Lim is set to sign a controversial Ordinance 7177 (reclassifying Pandacan as industrial zone) allowing the oil depots to remain in Pandacan following an unprecedented meeting at the Petron Corporation oil depot complex which was attended by no less than President Gloria M. Arroyo, cabinet officials and oil company executives.
The meeting was held at the ground floor of the Petron Pandacan Terminal while GMA was presiding a Cabinet meeting two floors above. The ground floor dialogue was attended by Cabinet members headed by Executive Secretary Eduardo Ermita, Trade & Industry (DTI) Secretary Peter Favila, Defense (DND) Secretary Gilbert Teodoro, Environment (DENR) Secretary Lito Atienza, Energy (DOE) Secretary Angelo Reyes, Labor (DOLE) Secretary Marianito Roque and Transportation (DOTC) Secretary Leandro Mendoza. More »
Philippine Oil Pump Price Bulletin 8 – 26 May 2009
In today’s Philippine Star dated 26 May 2009, it was reported that oil major Shell and oil minor Total will increase gasoline and diesel pump prices by P1.00 per liter effective today due to rising prices of crude oil and oil products in the international market.
As of May 18 Philippine Department of Energy (DOE) monitoring, the month-to-date average of benchmark Dubai crude oil used by crude oil refiners (Petron and Shell) increased by $6/bbl. Similarly, the Mean of Platts Singapore (MOPS) used by oil importers (e.g. oil major Chevron/Caltex and other oil minors) of gasoline moved higher by $5/bbl while diesel moved higher by $4/bbl. More »
How to Calculate Petroleum Pump Prices – two methods presented
In order to promote transparency in the pricing of petroleum and other oil products, your favorite energy technology expert would like to share his insights and experience over the years in oil and energy pricing in general. As a first step, the author Engineer Marcial T. Ocampo, will present two methods for estimating pump prices. As you recall, our very own National Economic Development Authority (NEDA) Secretary opined that Philippine oil pump prices are P8/liter more than what they should be. The Secretary, however, did not provide sufficient details to verify his calculations. More »
Philippine Oil Pump Price Bulletin 7 – 20 May 2009
In today’s Philippine Star dated 19 May 2009, it was reported that oil major Shell and oil minor Total will increase gasoline pump price by P1.50 per liter effective today due to rising prices of crude oil and oil products in the international market. Diesel and kerosene prices will likewise be increased by P0.50 per liter.
Based on Philippine Department of Energy (DOE) monitoring report, the month-to-date average of benchmark Dubai crude oil used by crude oil refiners (Petron and Shell) increased by $5/bbl. Similarly, the Mean of Platts Singapore (MOPS) used by oil importers (e.g. oil major Chevron/Caltex and other oil minors) of gasoline and diesel moved higher by $4/bbl in the first week of May. More »
Thanks to the visitors of my energy technology and pricing blog – my global audience and expertise
Since the start of my blog, a number of readers throughout the world have visited my blog. As an author and blogger, I am deeply honored and very happy with the response and continued interest.
Your support will surely be appreciated as it gives me greater hope that by sharing my expertise and experience, I would be able to foster greater understanding on the various market, technical, environmental, social, economic and financial aspects of providing energy to support global economic growth.
It is only with sustainable and cost-effective provision of energy such as electricity, process heat and space cooling/heating and lighting that both developed and developing economies will continue to provide the growth needed keep the global economy at pace with population growth, otherwise, poverty and underdevelopment will continue.
Again, cheers to our readers worldwide. To those who donated and ordered my spreadsheets on cost of power generation technologies, levelized cost of energy and electricity, simple gas turbine, clean coal technology, etc, a million thanks for supporting your energy technology expert.
Thanks also to a leading energy and exploration company for engaging my services in preparing the market, technical, economic and financial model and feasibility study for a lignite coal-fired CFB and a natural gas-fired CCGT power plants. More »
How to Calculate the Cost Impact of Nuclear Power Addition to the Energy Mix – a Philippine estimate
How to Calculate the Cost Impact of Nuclear Power Addition to the Energy Mix – a Philippine estimate
This is the 4th sequel to the 1st blog on “How to Calculate the Levelized Cost of Energy – a simplified approach”.
Using sample data and reasonable assumptions, I’ve calculated the potential reduction in the weighted average levelized cost of electricity in the energy mix of the Philippines should the mothballed 620 MW Bataan Nuclear Power Plant (BNPP) be revived and allowed to operate again after being in preservation mode since the early 1990’s. More »
Philippine Oil Pump Price Bulletin 6 – 12 May 2009
In today’s Philippine Star dated 12 May 2009, it was reported that oil major Petron and oil minors Total, SeaOil and PTT will increase gasoline and diesel oil pump prices by P1.50 per liter effective today due to rising prices of crude oil and oil products in the international market.
The Philippine Department of Energy (DOE) monitoring reported that as of May 8, the benchmark price of gasoline in Singapore (Mean of Platts Singapore) rose by $4/bbl from April’s average of $60.74/bbl to $64.74/bbl. Similarly, the benchmark price of diesel (MOPS) increased by the same $4/bbl from April’s average of $60.08/bbl to $64.08/bbl. On the other hand, the benchmark price of Dubai crude oil that is used by crude oil refiners Petron and Shell rose from April’s average of $50.10/bbl to $55/bbl. More »
Sample Levelized Cost of Energy – the cheapest and most expensive technology
As the third article of the series on “How to Calculate the Levelized Cost of Energy”, the author is now ready to present the summary of levelized cost per technology group. Please refer to the first article for the calculation formulas (US NREL and RP MTO) and the second article for the sample input data used in the calculations (rated capacity, overnight cost, fixed and variable O&M cost, fuel cost, efficiency, capacity factor, station use, taxes, economic life, etc.).
Levelized Cost by Technology Group (using RP MTO Formula)
The levelized cost for each technology of given rated capacity is given for the RP MTO formula (with taxes and depreciation).
Conventional Thermal Plants
Oil Thermal (fuel oil) – 300 MW, 0.1397 $/kWh
Orimulsion Thermal (orimulsion) – 100 MW, $0.1030 $/kWh
Gas Thermal (natural gas) – 100 MW, 0.0808 $/kWh
Pulverized Coal Thermal (coal) – 600 MW, 0.0665 $/kWh
Compression Ignition Engines
Reciprocating Diesel Engine (diesel, fuel oil) – 50 MW, 0.1605 $/kWh
Reciprocating Orimulsion Engine (orimulsion) – 50 MW, 0.1143 $/kWh
Gas Turbines (oil, natural gas)
Simple GT – 35 MW, 0.0755 $/kWh
Recuperated GT – 3 MW, 0.0739 $/kWh
Cascaded Humid Air Turbine (CHAT) – 11 MW, 0.0804 $/kWh
Cascaded Humid Air Turbine (CHAT) – 300 MW, 0.0584 $/kWh
Heavy Frame GT – 200 MW, 0.0875 $/kWh
Combined Cycle GT – 500 MW, 0.0607 $/kWh
Tags: cost, cost of power generation, cost of power per kw, power generation, power generation technologies, power generation technology, power plant, power plant design, renewable and non-renewable electricity, renewable and non-renewable energies, renewable and non-renewable fuels, renewable and non-renewable resources, renewable and non-renewable sources
Philippine Oil Pump Price Bulletin 5 – 05 May 2009
The world just witnessed one of the best boxing fights with the greatest Philippine boxer Manny Pacquiao defeating the greatest British boxer Ricky Hatton in Round 2. Both trained hard and gave it all, but in the end, only the best became victorious. Their dedicated pursuit of their dreams surely serves as an inspiration to all peoples of mankind – make your own dreams, pursue it relentlessly, train hard for it, and in the end, leave everything to your God to decide which the best man to win. I guess no one lost – but rather everyone gained a valuable lesson. As they said, success only comes to those willing to make sacrifices.
Once again the world was gifted with another price roll back by the oil majors and minor players. In today’s 5 May 2009 Philippine Star, Shell, Caltex and SeaOil announced a P1.50/liter rollback for gasoline, P0.25/liter for diesel, P0.25/liter for kerosene and P0.40/kg for LPG effective 12:01 pm. On the other hand, Petron and Total announced a similar reduction for gasoline, diesel and kerosene of P1.50, P0.25, P0.25 per liter, respectively, effective 6:00am. However, Petron and Total announced a smaller reduction of P0.25/kg for LPG.
NEWS FLASH AS OF 7:19PM MANILA TIME: Petron and Total announced a P0.40/kg reduction of LPG to match that of Shell, Caltex and SeaOil. More »
How to calculate the levelized cost of energy and electricity – sample data and calculations
As promised in my last blog “How to Calculate the Levelized Cost of Energy – a simplified approach”, I am sharing sample data, assumptions and calculations to provide our readers with greater understanding.
The author, your favorite Energy Technology Expert – Mr. Marcial T. Ocampo , has indeed invested tremendous time and resources to bring this blog to the world and the Philippines.
Should the reader/user find the materials, topics, technology briefs, energy data and formulas very useful and would like to continue receiving such useful information, Marcial would like to request the benefited reader to donate or sponsor the continued updating of this blog.
Please keep in touch with Marcial using the contact information at the end of this blog. There is no fixed amount. Marcial would leave it to the good reader the amount of donation he would like to contribute.
Alternatively, you could order the specific topics of interest and use PayPal to effect the payment. Delivery via email will follow for the ordered technology topic.
You could also retain me as consultant in your energy and business development projects and when bidding for NPC/PSALM power plants for sale in the Philippines. Our select group (technology expert, power plant expert, financial modeling expert and legal expert) will conduct a legal and technical due diligence of the power plant for sale, prepare the technical, economic and financial inputs to a detailed project finance model for estimating the value of the power plant. In this way, you will enhance the chance of your company winning the bid and start operating your own power plant in the Philippines. More »