Science.gov

Sample records for refiner-marketers

  1. 78 FR 49508 - Tesoro Refining & Marketing Company LLC; Supplemental Notice That Initial Market-Based Rate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-08-14

    ... Energy Regulatory Commission Tesoro Refining & Marketing Company LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes Request for Blanket Section 204 Authorization This is a supplemental notice in the above-referenced proceeding of Tesoro Refining & Marketing Company LLC's application...

  2. 78 FR 16262 - Tesoro Refining & Marketing Company LLC; Supplemental Notice That Initial Market-Based Rate...

    Federal Register 2010, 2011, 2012, 2013, 2014

    2013-03-14

    ... Energy Regulatory Commission Tesoro Refining & Marketing Company LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes Request for Blanket Section 204 Authorization This is a supplemental notice in the above-referenced proceeding, of Tesoro Refining & Marketing Company LLC's application...

  3. Essays on refining markets and environmental policy

    NASA Astrophysics Data System (ADS)

    Oladunjoye, Olusegun Akintunde

    This thesis is comprised of three essays. The first two essays examine empirically the relationship between crude oil price and wholesale gasoline prices in the U.S. petroleum refining industry while the third essay determines the optimal combination of emissions tax and environmental research and development (ER&D) subsidy when firms organize ER&D either competitively or as a research joint venture (RJV). In the first essay, we estimate an error correction model to determine the effects of market structure on the speed of adjustment of wholesale gasoline prices, to crude oil price changes. The results indicate that market structure does not have a strong effect on the dynamics of price adjustment in the three regional markets examined. In the second essay, we allow for inventories to affect the relationship between crude oil and wholesale gasoline prices by allowing them to affect the probability of regime change in a Markov-switching model of the refining margin. We find that low gasoline inventory increases the probability of switching from the low margin regime to the high margin regime and also increases the probability of staying in the high margin regime. This is consistent with the predictions of the competitive storage theory. In the third essay, we extend the Industrial Organization R&D theory to the determination of optimal environmental policies. We find that RJV is socially desirable. In comparison to competitive ER&D, we suggest that regulators should encourage RJV with a lower emissions tax and higher subsidy as these will lead to the coordination of ER&D activities and eliminate duplication of efforts while firms internalize their technological spillover externality.

  4. Refiner/marketer uses futures to manage inventory exposure, procure oil

    SciTech Connect

    Zanussi, D.E.

    1989-01-23

    The concept of hedging using future markets is not as new for agricultural businesses as it is for the petroleum business. Farmer's Union Central Exchange Inc. (Cenex) is involved in both agricultural and petroleum markets. And Cenex management recognizes the economic function of futures markets through years of manufacturing and merchandising livestock feed using the futures markets in Chicago. The integration of the New York Mercantile Exchange (NYMEX) and Cenex's petroleum business to reduce price risk is a necessary business function. As an integrated refiner and wholesale marketer, Cenex uses petroleum futures primarily to manage its inventory exposure, procure crude oil, and on a limited basis, to help exploration and production operations enhance or maintain a revenue stream over the short run.

  5. 75 FR 33825 - Notice of Lodging of First Material Modification to a Consent Decree Pursuant to the Clean Air Act

    Federal Register 2010, 2011, 2012, 2013, 2014

    2010-06-15

    ... in United States and the State of Kansas v. Coffeyville Resources Refining & Marketing, LLC et al... Attorney General, Environment and Natural Resources Division, and either e-mailed to pubcomment-ees.enrd... refer to United States and State of Kansas v. Coffeyville Resources Refining & Marketing, LLC et....

  6. 40 CFR Appendix B to Part 97 - Final Section 126 Rule: Non-EGU Allocations, 2004-2007

    Code of Federal Regulations, 2013 CFR

    2013-07-01

    ... Lawrence SOUTH POINT ETHANOL 0744000009 B003 107 OH Lawrence SOUTH POINT ETHANOL 0744000009 B004 107 OH Lawrence SOUTH POINT ETHANOL 0744000009 B007 107 OH Lucas SUN REFINING & MARKETING CO, TOLEDO...

  7. Petroleum: An energy profile. [CONTAINS GLOSSARY

    SciTech Connect

    Not Available

    1991-08-01

    This publication is intended as a general reference about petroleum: its origins, production, refining, marketing, and use. This report presents an overview of refined petroleum products and their use, crude oil reserves and production, refining technology and US refining capacity, the development and operation of petroleum markets, and foreign trade. A statistical supplement, an appendix describing refining operations, a glossary, and bibliographic references for additional sources of information are also included. 36 figs., 4 tabs.

  8. U. S. petroleum strategies in the decade of the environment

    SciTech Connect

    Williams, B.

    1991-01-01

    The book offer guidance and recommendations for strategies in the coming decade, based on research, interviews, and almost a decade of specializing in reporting on environmental issues in the petroleum industry. Included will be a chapter on crisis management. This book contains the catalyst: Exxon Valdez spill; The More things change; The new consciousness; Government leads the way; New approaches; Natural gas: fuel of the future; Strategies for U.S. explorationists; Drilling production strategies; Transportation strategies; Strategies for refiners marketers; Petrochemicals and gas processing strategies; The public, media, and crisis management; Battle plans.

  9. Market assessment overview

    NASA Technical Reports Server (NTRS)

    Habib-Agahi, H.

    1981-01-01

    Market assessment, refined with analysis disaggregated from a national level to the regional level and to specific market applications, resulted in more accurate and detailed market estimates. The development of an integrated set of computer simulations, coupled with refined market data, allowed progress in the ability to evaluate the worth of solar thermal parabolic dish systems. In-depth analyses of both electric and thermal market applications of these systems are described. The following market assessment studies were undertaken: (1) regional analysis of the near term market for parabolic dish systems; (2) potential early market estimate for electric applications; (3) potential early market estimate for industrial process heat/cogeneration applications; and (4) selection of thermal and electric application case studies for fiscal year 1981.

  10. US energy industry financial developments, 1993 second quarter

    SciTech Connect

    Not Available

    1993-09-29

    US Energy Industry Financial Developments, 1993 Second Quarter provides information on the financial performance of energy companies during the most recent reporting period. The data are taken from public sources such as the Wall Street Journal, Energy Information Administration publications, corporate press releases, and other public sources. Based on information provided in 1993 second quarter financial disclosures, net income for 114 petroleum companies--including 19 majors--rose 33 percent between the second quarter of 1992 and the second quarter of 1993. Both upstream (oil and gas exploration, development and production) operations and downstream (petroleum refining, marketing, and transport) contributed to the improved financial Performance of petroleum companies consolidated operations. Rate-regulated industries also showed positive income growth between the second quarter of 1992 and the second quarter of 1993 due to higher natural gas prices and increased electricity consumption.

  11. Measurement fundamentals

    SciTech Connect

    Webb, R.A.

    1995-12-01

    The need to have accurate petroleum measurement is obvious. Petroleum measurement is the basis of commerce between oil producers, royalty owners, oil transporters, refiners, marketers, the Department of Revenue, and the motoring public. Furthermore, petroleum measurements are often used to detect operational problems or unwanted releases in pipelines, tanks, marine vessels, underground storage tanks, etc. Therefore, consistent, accurate petroleum measurement is an essential part of any operation. While there are several methods and different types of equipment used to perform petroleum measurement, the basic process stays the same. The basic measurement process is the act of comparing an unknown quantity, to a known quantity, in order to establish its magnitude. The process can be seen in a variety of forms; such as measuring for a first-down in a football game, weighing meat and produce at the grocery, or the use of an automobile odometer.

  12. US energy industry financial developments, 1993 third quarter

    SciTech Connect

    Not Available

    1993-12-01

    Based on information provided in 1993 third quarter financial disclosures, the average net income for 112 petroleum companies -- including 18 majors -- rose 13 percent between the third quarter of 1992 and the third quarter of 1993. The gain in overall petroleum income was derived from increases in refined product consumption and margins, which improved the profitability of downstream petroleum (refining, marketing and transport) operations. A 17-percent decline in crude oil prices led to reduced income for upstream (oil and gas exploration, development and production) operations. A 16-percent rise in natural gas wellhead prices only partially offset the negative effects of low crude oil prices. Electric utilities also reported improved financial results for the third quarter of 1993 as hotter summer temperatures relative to the year-earlier quarter helped boost air conditioning demand and overall electricity usage. The following points highlight third-quarter energy industry financial developments: (1) Refined product demand and margins lift downstream earnings. Petroleum product consumption rose 2 percent between the third quarter of 1992 and the third quarter of 1993. Although petroleum product prices declined in the most recent reporting period, they did not decline as much as crude oil input prices. As a consequence, refined product margins widened. (2) Lower crude oil prices reduce upstream earnings. Crude oil prices fell 17 percent between the third quarter of 1992 and the third quarter of 1993 leading to a substantial reduction in income for the major petroleum companies` upstream operations. (3) Drilling income rises with increased North American exploratory activity.

  13. Financial incentives: alternatives to the altruistic model of organ donation.

    PubMed

    Siminoff, L A; Leonard, M D

    1999-12-01

    Improvements in transplantation techniques have resulted in a demand for transplantable organs that far outpaces supply. Present efforts to secure organs use an altruistic system designed to appeal to a public that will donate organs because they are needed. Efforts to secure organs under this system have not been as successful as hoped. Many refinements to the altruistic model have been or are currently being proposed, such as "required request," "mandated choice," "routine notification," and "presumed consent." Recent calls for market approaches to organ procurement reflect growing doubts about the efficacy of these refinements. Market approaches generally use a "futures market," with benefits payable either periodically or when or if organs are procured. Lump-sum arrangements could include donations to surviving family or contributions to charities or to funeral costs. Possibilities for a periodic system of payments include reduced premiums for health or life insurance, or a reciprocity system whereby individuals who periodically reaffirm their willingness to donate are given preference if they require a transplant. Market approaches do raise serious ethical issues, including potential exploitation of the poor. Such approaches may also be effectively proscribed by the 1984 National Organ Transplant Act. PMID:10889698

  14. New Kuwait company spearheads ambitious energy-industry plans

    SciTech Connect

    Not Available

    1980-07-21

    The Kuwaiti Government organized the Kuwait Petroleum Corp. (KPC) in early 1980. KPC, capitalized at the equivalent of $3.7 billion, consists primarily of the Kuwait Oil Co., Kuwait National Petroleum Co., Kuwait Oil Tankers Co., and the Petrochemical Industries Co., which all retain their identity. KPC will be involved in exploration, production, drilling, refining, marketing, transportation, planning, and petrochemicals. Kuwait has built a $1 billion LPG plant at Mina Al-Ahmadi which came on stream in Feb. 1979; the facility has three identical trains with a total gas capacity of 1.68 billion std cu ft/day and a total gas liquids capacity of 197,530 bbl/day, consisting of 101,310 bbl/day of propane, 54,970 bbl/day of butane, and 41,250 bbl/day of natural gasoline. In 1979, Kuwait produced 2,297,508 bbl/day of oil, but on 4/1/80, Kuwait restricted oil production to 1.5 million bbl/day, which will reduce the associated gas and limit the LPG plant to functioning at about half capacity. Kuwait uses approx. 90% of the associated gas it produces. The country is planning to refine at least 50% of its crude output by 1985. New or expanded plants will provide oil refining, sulfur recovery, lubricant oil blending, gasoline manufacturing, and bitumen capacities. Kuwait is also expending its tanker fleet.

  15. II international conference on heavy crude and tar sands. Summary report

    SciTech Connect

    Not Available

    1982-01-01

    The Second International Conference on Heavy Crude and Tar Sands clearly demonstrated that the world has abundant heavy and extra heavy crudes that will sustain the petroleum age for decades. Perhaps even more important for many developed and developing countries is that these resources are widely distributed throughout the world, for deposits are known to exist in at least forty-nine countries. Moreover, the rapid expansion over the last two and a half years of knowledge of the magnitude of these resources suggests there is much more to be added to the world's list of useful energy assets. The current ample supply of crude oil does not appear to have lessened the resolve to develop heavy crude and tar sands. Major industrial countries are eager to develop their heavy oil resources to free themselves from dependence on OPEC and the developing nations hope to reduce their cash outflows for imported oil which they can ill afford. Venezuela and Canada, which both have massive heavy crude reserves, are intent on developing their resources to supplement declining supplies of light oil. Despite the weakening international price of oil, the economics for many heavy crude ventures seem favorable. Statistics quoted at the conference suggest considerable heavy crude production can be brought on stream at costs approaching the finding costs of light conventional crude. At the same time, it has to be acknowledged that those large tar sands projects, like Alberta's multi-billion dollar ventures, are sufficiently marginal that they may be held back by current soft oil demand. This summary report covers the following areas: resources; international cooperation; production; environment; technological developments; upgrading and refining; marketing; and future of heavy crude oil and tar sands.

  16. US Energy Industry Financial Developments, 1993 fourth quarter, April 1994

    SciTech Connect

    Not Available

    1994-04-14

    This report traces key financial trends in the US energy industry for the fourth quarter of 1993. Financial data (only available for publicly-traded US companies) are included in two broad groups -- fossil fuel production and rate-regulated electric utilities. All financial data are taken from public sources such as energy industry corporate reports and press releases, energy trade publications, and The Wall Street Journal`s Earnings Digest; return on equity is calculated from data available from Standard and Poor`s Compustat data service. Since several major petroleum companies disclose their income by lines of business and geographic area, these data are also presented in this report. Although the disaggregated income concept varies by company and is not strictly comparable to corporate income, relative movements in income by lines of business and geographic area are summarized as useful indicators of short-term changes in the underlying profitability of these operations. Based on information provided in 1993 fourth quarter financial disclosures, the net income for 82 petroleum companies -- including 18 majors -- was unchanged between the fourth quarter of 1992 and the fourth quarter of 1993. An 18-percent decline in crude oil prices resulted in a deterioration of the performance of upstream (oil and gas production) petroleum companies during the final quarter of 1993. However, prices for refined products fell much less than the price of crude oil, resulting in higher refined product margins and downstream (refining, marketing and transport) petroleum earnings. An increase in refined product demand also contributed to the rise in downstream income.

  17. Dispersion modeling of accidental releases of toxic gases - Sensitivity study and optimization of the meteorological input

    NASA Astrophysics Data System (ADS)

    Baumann-Stanzer, K.; Stenzel, S.

    2009-04-01

    Several air dispersion models are available for prediction and simulation of the hazard areas associated with accidental releases of toxic gases. The most model packages (commercial or free of charge) include a chemical database, an intuitive graphical user interface (GUI) and automated graphical output for effective presentation of results. The models are designed especially for analyzing different accidental toxic release scenarios ("worst-case scenarios"), preparing emergency response plans and optimal countermeasures as well as for real-time risk assessment and management. Uncertainties in the meteorological input together with incorrect estimates of the source play a critical role for the model results. The research project RETOMOD (reference scenarios calculations for toxic gas releases - model systems and their utility for the fire brigade) was conducted by the Central Institute for Meteorology and Geodynamics (ZAMG) in cooperation with the Vienna fire brigade, OMV Refining & Marketing GmbH and Synex Ries & Greßlehner GmbH. RETOMOD was funded by the KIRAS safety research program at the Austrian Ministry of Transport, Innovation and Technology (www.kiras.at). The main tasks of this project were 1. Sensitivity study and optimization of the meteorological input for modeling of the hazard areas (human exposure) during the accidental toxic releases. 2. Comparison of several model packages (based on reference scenarios) in order to estimate the utility for the fire brigades. This presentation gives a short introduction to the project and presents the results of task 1 (meteorological input). The results of task 2 are presented by Stenzel and Baumann-Stanzer in this session. For the aim of this project, the observation-based analysis and forecasting system INCA, developed in the Central Institute for Meteorology and Geodynamics (ZAMG) was used. INCA (Integrated Nowcasting through Comprehensive Analysis) data were calculated with 1 km horizontal resolution and

  18. Dispersion modeling of accidental releases of toxic gases - Comparison of the models and their utility for the fire brigades.

    NASA Astrophysics Data System (ADS)

    Stenzel, S.; Baumann-Stanzer, K.

    2009-04-01

    Dispersion modeling of accidental releases of toxic gases - Comparison of the models and their utility for the fire brigades. Sirma Stenzel, Kathrin Baumann-Stanzer In the case of accidental release of hazardous gases in the atmosphere, the emergency responders need a reliable and fast tool to assess the possible consequences and apply the optimal countermeasures. For hazard prediction and simulation of the hazard zones a number of air dispersion models are available. The most model packages (commercial or free of charge) include a chemical database, an intuitive graphical user interface (GUI) and automated graphical output for display the results, they are easy to use and can operate fast and effective during stress situations. The models are designed especially for analyzing different accidental toxic release scenarios ("worst-case scenarios"), preparing emergency response plans and optimal countermeasures as well as for real-time risk assessment and management. There are also possibilities for model direct coupling to automatic meteorological stations, in order to avoid uncertainties in the model output due to insufficient or incorrect meteorological data. Another key problem in coping with accidental toxic release is the relative width spectrum of regulations and values, like IDLH, ERPG, AEGL, MAK etc. and the different criteria for their application. Since the particulate emergency responders and organizations require for their purposes unequal regulations and values, it is quite difficult to predict the individual hazard areas. There are a quite number of research studies and investigations coping with the problem, anyway the end decision is up to the authorities. The research project RETOMOD (reference scenarios calculations for toxic gas releases - model systems and their utility for the fire brigade) was conducted by the Central Institute for Meteorology and Geodynamics (ZAMG) in cooperation with the Vienna fire brigade, OMV Refining & Marketing GmbH and

  19. Dispersion modeling of accidental releases of toxic gases - utility for the fire brigades.

    NASA Astrophysics Data System (ADS)

    Stenzel, S.; Baumann-Stanzer, K.

    2009-09-01

    Several air dispersion models are available for prediction and simulation of the hazard areas associated with accidental releases of toxic gases. The most model packages (commercial or free of charge) include a chemical database, an intuitive graphical user interface (GUI) and automated graphical output for effective presentation of results. The models are designed especially for analyzing different accidental toxic release scenarios ("worst-case scenarios”), preparing emergency response plans and optimal countermeasures as well as for real-time risk assessment and management. The research project RETOMOD (reference scenarios calculations for toxic gas releases - model systems and their utility for the fire brigade) was conducted by the Central Institute for Meteorology and Geodynamics (ZAMG) in cooperation with the Viennese fire brigade, OMV Refining & Marketing GmbH and Synex Ries & Greßlehner GmbH. RETOMOD was funded by the KIRAS safety research program of the Austrian Ministry of Transport, Innovation and Technology (www.kiras.at). The main tasks of this project were 1. Sensitivity study and optimization of the meteorological input for modeling of the hazard areas (human exposure) during the accidental toxic releases. 2. Comparison of several model packages (based on reference scenarios) in order to estimate the utility for the fire brigades. For the purpose of our study the following models were tested and compared: ALOHA (Areal Location of Hazardous atmosphere, EPA), MEMPLEX (Keudel av-Technik GmbH), Trace (Safer System), Breeze (Trinity Consulting), SAM (Engineering office Lohmeyer). A set of reference scenarios for Chlorine, Ammoniac, Butane and Petrol were proceed, with the models above, in order to predict and estimate the human exposure during the event. Furthermore, the application of the observation-based analysis and forecasting system INCA, developed in the Central Institute for Meteorology and Geodynamics (ZAMG) in case of toxic release was