From the Star – Govt may be pressured to review prices of petrol

November 7, 2009

From the Star, dateline 2009-10-23:

Crude oil prices up 15% since start of October

PETALING JAYA: Rising crude oil prices in the international market may up the pressure on the Government to review local pump prices to rein in the country’s huge fuel subsidy bill.

Crude oil yesterday retreated from a high of US$82 per barrel hit in New York overnight, but remained above the US$80 mark during Asian trading hours yesterday.

At the current level, crude oil had surged 15% since the start of October and more than doubled from a low of US$34 per barrel in March.

And just in time for the next general elections.

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Crude oil trending - taken from the Star


From the NST – OSK’s Crude Price Prediction

June 14, 2009

Dateline 2009-06-13, taken from the New Straits Times:

OSK expects oil to stabilise at US60.

OSK Research Sdn Bhd expects crude oil price to stabilise at US$60 (RM120) per barrel in the immediate term as there is no reason to justify the continuous price rise.

 

NST - OSK Oil Price Prediction

NST - OSK Oil Price Prediction

I’m all for oil to stabilise in the USD60-80 price range. That will allow pre-price crash projects to restart while not having a significant impact on gas prices, though I do hope that there will be an impetus to invest in energy saving innovations. Anyone know how to bring down the price of the Toyota Prius and Honda Civic Hybrid?

You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.


The Star – Oil Price may Rally end 2009

January 14, 2009

Don’t know about you, but I believe 2 things will happen:

When these will happen, ah, that’s the trick. Here’s one prediction.

The Star - Oil Price Rally?

The Star - Oil Price Rally?

I’ve scanned the article from the Star.

You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.


From The Star – “Crude Oil Price …”

December 23, 2008

I’ve scanned the article from the Star.

You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse

The Star Malaysia Article - Crude Oil Prices

The Star Malaysia Article - Crude Oil Prices


How much Oil is there in a Reservoir?

May 23, 2008

We are all used to diagrams like this:

Oil Reservoir

(hit your browser’s “refresh” button to see this animation again)

It seems as if there is a large cavern underground, where oil swishes and swirls, waiting to be sucked up via the production string. Dream on.

  • Oil is contained within rock. The porosity of the rock is variable, take an average of 20%.
  • Of the oil in the pores (called hydrocarbon in place), perhaps 15-60% is recoverable if you rely on the reservoir pressure ‘squeezing’ the oil into your production string (called primary recovery), and up to the surface. The rest either sticks to the rock, or is not recoverable when pressure is no longer available.

So, out of 1m3 (1000 kl) of rock, you get between 30-120 kl of oil during primary recovery.

How do we get more of the remaining oil out? That’s in an upcoming entry.

 

 

 


ChemEng Dept Tea Rooms & Drag Reducers

April 5, 2008

Full disclosure: I was a student at Cambridge (England, not the other Cambridge).

I noticed that, of all the other department tea rooms I went to, the tea pot in ChemEng dribbled the most. Is this done on purpose, to highlight that we as ChemEngs should not apply our skills indoors, but should go forth and find other tearooms to invade, and find something else to gripe about and inspire our collective juices?

For the non-ChemEngs, no drip teapots are sold here, and written about here and here.

The writer of the above article mentions that “tannin in the tea stains the surface of the inside of the teapot, this in effect in simple terms makes the surface smoother.” Now, a lot of money is spent offshore to increase the throughput of crude pipelines by reducing the amount of friction between the fluid and the pipe walls. A lower pressure drop means for a given arrival (anding) pressure, a given upstream pump can provide more flow (look up a typical pump flow-head diagram).

Is a tannin a miracle drag reducing agent?


It’s official – TCOT handover from Exxon to PCSB

March 26, 2008

On Tues, 25th March, 2008, the staff at Terengganu Crude Oil Terminal (TCOT) were informed that TCOT and the Onshore Slug Catcher (OSC) will be changing operatorship. By 1st quarter 2009, PETRONAS Carigali Sdn Bhd (PCSB) will be operating TCOT and OSC. ExxonMobil Exploration and Production Malaysia Inc. (EMEPMI) staff currently working at the two locations will be offered a voluntary separation scheme (VSS).

TCOT and OSC are located in the picturesque town of Kertih, Terengganu, Malaysia. TCOT is the terminal for all the offshore oil pipelines, whereas OSC, together with the PCSB operated Onshore Gas Terminal (OGT) are the collection points for offshore gas.

Carigali will send a handover team over on 1st April 2008, with the intention to be ready for full transfer of operatorship by 31st August, 2008.


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