Posts Tagged ‘oil and gas’
Philippine Oil Pump Price Bulletin 3: 22 April 2009
Philippine Oil Pump Price Bulletin 3 : 22 April 2009
This is the 3rd issue of this weekly oil pump price bulletin. It is being issued to provide pricing forecast for low sulfur diesel LSD (0.05% Sulfur) and unleaded gasoline 93 RON. Please refer to the previous Bulletin 1 dated 15 April 2009 for 93 RON and Bulletin 2 dated 17 April 2009 for the pump price of LSD.
This bulletin predicted a similar upward price adjustment in unleaded 93 RON gasoline of 0.6710 PhP/liter which is similar to the 0.50 PhP/liter upward adjustment announced by Shell and Petron this day of 22 April 2009. For low sulfur diesel (0.05% sulfur), a very small downward adjustment of 0.0894 PhP/liter was predicted by this bulletin. This approximates the announcement that no adjustments will be made on diesel.
Basic Information (from Philippine Star, 22 April 2009)
Exchange Rate = 48.46 PhP/$ (April 22) vs 47.66 PhP/$ (April 15)
1 US gallon = 3.7854 liters
1 barrel of oil = 42 US gallons = 42 * 3.7854 = 158.9868 liters
Dubai Crude = 49.27 $/bbl (April 14, 2009 – Philippine Star)
Singapore Posted Price, $ per barrel:
Diesel = $62.08 (April 10-21 ave) vs $62.32 (April 6-9 ave)
Mogas = $63.74 (April 10-21 ave) vs $62.09 (April 6-9 ave)
Example for Unleaded 93 RON Gasoline:
To reflect production cost, a factor of 1.134 to 1.176 is applied on crude cost. However, the reader is advised to use actual posted price.
Philippine Oil Pump Price Bulletin 2 : 17 April 2009
Philippine Oil Pump Price Bulletin 2 : 17 April 2009
This is the 2nd issue of this weekly oil pump price bulletin. It is being issued to provide pricing forecast for unleaded 93 RON gasoline. Please refer to the previous Bulletin 1 dated 15 April 2009 for the pump price of LSD (low sulfur diesel).
Basic Information
Exchange Rate = 47.66 PhP/$ (April 15, 2009 – Philippine Star)
1 US gallon = 3.7854 liters
1 barrel of oil = 42 US gallons = 42 * 3.7854 = 158.9868 liters
Dubai Crude = 49.27 $/bbl (April 14, 2009 – Philippine Star)
Example for Unleaded 93 RON Gasoline:
To reflect production cost, a factor of 1.134 to 1.176 is applied on crude cost. However, the reader is advised to use actual posted price (e.g. MOPS).
Philippine Oil Pump Price Bulletin 1 : 15 April 2009
Philippine Oil Pump Price Bulletin 1 : April 15, 2009
Introduction
The worldwide phenomenon of frequent rise and fall of the international price of crude oil and its roller-coaster effect on the domestic price of petroleum products have brought about the need for a transparent and predictable price adjustment mechanism in order to protect the overall interest of the consuming public, petroleum dealers, oil refiners, importers and marketers of oil-based products.
During period of supply and price stability, the international price of crude oil and finished products is fully reflected in domestic pump prices with all the participants in the supply chain (importers, insurers, refiners, marketers, shippers, haulers and dealers) receiving their fair share of logistics costs and margins, and the government likewise receiving mandated customs duties, specific taxes, wharfage fee, BOE fee, value added tax (VAT) on imported oil and added services.
However during extra-ordinary events such as supply restraints by OPEC, conflicts and tensions in the Middle East and major oil suppliers, speculations in oil futures and commodity exchanges, steep currency depreciation, and stringent environmental requirements, the international price of crude oil and petroleum products suddenly rise and consequently the oil majors and minor industry players naturally raise prices to reflect the cost of new deliveries to replenish working capital, albeit moderated somewhat by stocks bought at previously lower prices and market competition.
Problem of Price Adjustments
Consequently, the problem arise when the international price of crude oil and petroleum products drop significantly following an oil price “spike”. End consumers and lobby groups naturally demand for significant one-time oil price adjustment to fully reflect the drop in the international price of crude oil and petroleum products.
The oil company and minor players are accused of dilly dallying price reductions in contrast with their speedy upward price adjustments. This observation is indeed unfortunate but very popular but a careful analysis reveals that in the same manner that prices were adjusted upwards gradually below international prices, the converse is likewise true that prices are adjusted downwards gradually but higher than international prices in order that upfront under-recoveries are liquidated via delayed over-recoveries.
Hence, the main determinant of equality is for the average international price to be reflected in the average domestic pump price for a defined period, after fully reflecting all the cost factors to bring the product to our country’s shores and after reasonable margin for the upkeep of the oil companies. In this way, there is neither under-recovery nor over-recovery on the part of the oil companies.
Objective of the Philippine Oil Pump Price Bulletin weekly service
The primary objective of this Philippine Oil Pump Price Bulletin is to provide weekly pump price updates given the prevailing past week average or start of the week Peso per US$ exchange rate, Dubai Crude marker $ per barrel, prevailing average petroleum product prices in Singapore, currently in force customs duties, specific taxes, value added tax on oil import, and other supply chain costs such as insurance, freight, oil company margin, dealer’s margin, transshipment & hauling and local value added tax.
“Is the Oil Price Right?”
Are Domestic Oil Pump Prices Transparent and Reasonable?
Introduction
The worldwide phenomenon of frequent rise and fall of the international price of crude oil and its roller-coaster effect on the domestic price of petroleum products have brought about the need for a transparent and predictable price adjustment mechanism in order to protect the overall interest of the consuming public, petroleum dealers, oil refiners, importers and marketers of oil-based products.
During period of supply and price stability, the international price of crude oil and finished products is fully reflected in domestic pump prices with all the participants in the supply chain (importers, insurers, refiners, marketers, shippers, haulers and dealers) receiving their fair share of logistics costs and margins, and the government likewise receiving mandated customs duties, specific taxes, wharfage fee, BOE fee, value added tax (VAT) on imported oil and added services. More »
Large-Scale Project Finance Models
Large-Scale Project Finance Models:
- Oil Thermal Power Plant – 2,000 US$
- Pulverized Thermal Power Plant – 4,000 US$
- Advance Coal Thermal Power Plant – 6,000 US$
- Geothermal Power Plant – 8,000 US$
- Simple Gas Turbine Power Plant – 9,000 US$
- Combined Cycle Gas Turbine Power Plant – 10,000 US$
- Energy Storage Power Plant – 12,000 US$*
- Solar Thermal Power Plant – 14,000 US$*
- Fuel Cells Power Plant – 16,000 US$*
- Ocean Thermal Power Plant – 18,000 US$*
- Ocean Wave Power Plant – 20,000 US$*
- Tidal Power Plant – 22,000 US$*
- Nuclear Power Plant – 30,000 US$*
*Please inquire about payment options directly to me.
Contents:
1) Input (Assumption) Sheet
2) Report (Summary) Sheet
3) Project Cost Sheet (equipment cost, ocean freight, insurance, taxes & duties, brokerage & local shipping, erection & installation, land & right-of-way, project development & contract management, initial stocks & inventories, manpower mobilization & training, working capital, interest during construction, other capitalized expenses)
4) Construction Sheet (construction schedule, equity/loan drawdown, interest during construction)
5) Model Sheet (escalation of items, starting costs, capacity & degradation, heat rate & efficiency degradation, maintenance & overhaul scheduel, available hours, gross generation, plant use & net generation, transmission/distribution line constraints & losses, net electricity sales, revenue items, expense items, income statement, balance sheet, cash flow statement, project & equity IRR, project & equity payback, debt service cover ratio)
6) Depreciation Sheet (evolution of balance sheet accounts, working capital)
7) Loan Amortization Table (interest & principal repayment)
Tags: coal, cost, electricity, energy resources, energy sources, financial models, generator, geothermal, large hydro, nuclear energy, ocean thermal, ocean wave, oil and gas, oil thermal, power, power generation, power generation technologies, power generation technology, power plant, power plant design, power supply, renewable energy sources, renewable sources of electricity, renewable sources of energy, solar thermal, tidal
Oil Thermal
The file (1.21 MB) will cover the following topics:
Oil Thermal Energy
“Rock oil” was discovered in Pennsylvania in 1859 by a man drilling for water
Crude oil accounts for 40% of energy use worldwide: 3% of power comes from oil, 16% from natural gas.
High energy density, 43 MJ/kg (18,600 Btu/lb), and relatively clean burning, versatile.
Topics – Oil Thermal
- Oil & Gas Resource: Origin, Reserves, Extraction Rate, Life Time
- Properties of Liquid Fuels, Fuel Oils and Natural Gas
- Basic Principle of Oil-Gas Thermal Plant
- Ideal and Modified Rankine (Steam) Cycle Efficiency, Heat Rates
- Oil-Gas Burners (Circular, S-type, Reduced NOx)
- Reducing NOx Emissions (FGR, LEA, 2-stage air, Re-burning)
- Emissions from Power Plants
- Pollution Control Technologies used in Power Generation
- Cost of Power Generation (Capital, O&M, Levelized)
- Oil-Thermal and Diesel Plants in the Philippines
- Environmental Impact & Risks
Price: 42 USD
