preview hydrocarbonengineering january2014

8132019 Preview HydrocarbonEngineering January2014

httpslidepdfcomreaderfullpreview-hydrocarbonengineering-january2014 122

January 2014





Energy_Global

followEnergy Globallike

HydrocarbonEngineering

connect join

Copyrightcopy

Palladian Publications Ltd 2014 All rights reserved No part of this publication may be reproduced stored in a

retrieval system or transmitted in any form or by any means electronic mechanical photocopying recording or otherwise

without the prior permission of the copyright owner All views expressed in this journal are those of the respective contributors

and are not necessarily the opinions of the publisher neither do the publishers endorse any of the claims made in the articles or

the advertisements Printed in the UK Uncaptioned images courtesy of wwwbigstockphotocom

2014 Member of ABC Audit Bureau of Circulations

This monthsfront cover

Join theconversation

contents


(03) Comment

(05) World NewsContract awards project updates industry latest news digestdiary dates mergers and acquisitions

(12) Facing headwindsLuisa Sykes Euro Petroleum Consultants discusses the outlook

for the oil and gas sector in Europe

(20) Flood warningMatthew Kuhl Mark Routt and Scott Sayles KBC AdvancedTechnologies USA look at the US shale supply flood focusingon processing developments and issues

(26) Dieselising Europe Part 2Dirk Frame TA Cook Consultants Germany discusses the keyproblems that affect diesel producers and the importance ofcorrect maintenance

(30) Keep it leanSimon Bennett AVEVA UK explains how new technologyadvances are enabling lean construction processes in plantprojects

(35) Fully qualifedSari Aronen Metso Finland discusses the importance ofreliable valves in renewable fuel production

(41) Additional treatmentBerthold Otzisk and Silke Ruumldel Kurita Europe Germanydiscuss the chemical treatment programs that can be applied

to water and wastewater processes in order to remove oilsolids and other troublesome substances

(45) Knowledge nexusKevin Milici GE Water amp Process Technologies USA looks atthe evolution of water management

Catalyst

review (51)

Hydrocarbon Engineering provides an overview of some ofthe most advanced catalyst technologies available within thehydrocarbon processing industry today

(72) 15 questions withRuth Poultney Fuels Development Technologist BP talkswomen in engineering career development her first pet andfavourite band

AVEVAtrade is a leader in engineering designand information management solutionsfor the plant power and marine industriesFor more than 45 years it has deliveredbusiness critical software solutions toowneroperators engineering contractorsand shipbuilders around the world AVEVAemploys over 1400 people and has a global

sales and support network of 49 offices inmore than 30 countries

January 2014 Volume 19 Number 01 ISSN 1468-9340

30

12



Kurita Europe GmbH Industriering 43 41751 Viersen Germany

Phone+49 2162 9580110 wwwkuritade

We keep a close eye

on your plant efciency

The trouble-free operation of your plant is the precondition for maximum

economic efciency Kuritarsquos patented ACF technology inhibits the formation

of chloride and ammonium salts thereby preventing fouling and corrosion

This is only one example of how Kurita protects your production unit against

unscheduled shutdowns extends its runtime and lowers process costs ndashwhile at the same time increasing plant and operational safety Particularly

for reneries and petrochemical plants Kurita offers innovative and sustain-

able process technologies as well as a broad portfolio of products for water

management From consultation through to implementation and maintenance

we support you with a comprehensive range of services As you can see we

keep a close eye on the effcient operation of your plant

Process technologies for reneries and petrochemical plants

Water treatment technologies for cooling water boiler water waste water

and reverse osmosis



MANAGING EDITOR James Little jameslittlehydrocarbonengineeringcom

EDITOR Claira Lloydclairalloydhydrocarbonengineeringcom

EDITORIAL ASSISTANT Emma McAleaveyemmamcaleaveyhydrocarbonengineeringcom

ADVERTISEMENT DIRECTOR Rod Hardyrodhardyhydrocarbonengineeringcom

ADVERTISEMENT MANAGER Chris Atkinchrisatkinhydrocarbonengineeringcom

ADVERTISEMENT EXECUTIVE Will Powellwillpowellhydrocarbonengineeringcom

PRODUCTION Chloe Ozwellchloeozwellhydrocarbonengineeringcom

WEB MANAGER Tom Fullerton

tomfullertonhydrocarbonengineeringcom

WEB EDITOR Callum OrsquoReilly

callumoreillyhydrocarbonengineeringcom

CIRCULATION MANAGER Victoria McConnell

victoriamcconnellhydrocarbonengineeringcom

REPRINTMARKETING ASSISTANT Catherine Gower

catherinegowerhydrocarbonengineeringcom

CONTRIBUTING EDITORS

Nancy Yamaguchi Gordon Cope

PUBLISHER Nigel Hardy

SUBSCRIPTION RATES

Annual subscription pound110 UK including postagepound125e175overseas (postage airmail)

US$175 USACanada (postage airmail)Two year discounted rate pound176 UKincluding postagepound200e280overseas (postage airmail)US$280 USACanada (postage airmail)

contact info

15 South Street Farnham SurreyGU97QU ENGLANDTel +44 (0) 1252 718 999

Fax +44 (0) 1252 718 992

SUBSCRIPTION CLAIMS

Claims for non receipt of issues must be made within 3 months of publication of the issue or they will not be honouredwithout charge

APPLICABLE ONLY TO USA amp CANADA

Hydrocarbon Engineering (ISSN No 1468-9340 USPS No 020-998) is published monthly by Palladian Publications LtdGBR and is distributed in the USA by Asendia USA 17B South Middlesex Avenue Monroe NJ 08831 and additional mailingoffices Periodicals postage paid at New Brunswick NJ POSTMASTER send address changes to Magazine Name 17BSouth Middlesex Avenue Monroe NJ 08831

When thinking about 2013 the death of NelsonMandela the US government shutdown andthe birth of the Royal baby (hard to avoid if inthe UK) spring immediately to mind Yet whenthinking about the world of oil and gas I think

shale and the turbulent situation that has been faced by theEuropean refining industry

The European refining industry is being heavily impacted bythe shale revolution as the US now has an abundance of cheapfossil fuels and the infrastructure to utilise it which is leavingEurope to play catch up And letrsquos face it the wealth of shalegas is Americarsquos biggest asset at the moment as gas is inevitablygoing to be cheaper than oil boosting its downstream industryto incredible heights The level of liquids demand growth inEurope is also a problem as it is flagging as developed marketsare no longer commanding such high levels and the emergingmarkets which still crave liquid fuels are procuring it fromcheap sources such as the US The overcapacity of Europeangasoline production is another area that is not helping theEuropean situation and this is likely to worsen over the nextfive years unless changes are made European refineries need toadapt to increase the production of middle distillates whichare currently being demanded at high volumes all over thecontinent as well as in areas overseas

Sadly Europe is not only competing with the US Russiaand the Middle East are also two strong players in the globalrefining industry that are giving Europe cause for concern Thelevel of subsidisation in the Russian refining industry allows

for expansion and revamps to boost thecountryrsquos distillate production and thereforeallow it access to the global market whichis craving these fuels The subsidisation inthe country also ensures that the domesticrefining industry does not suffer even if demand drops offsomething the European refining industry does not benefit

from When it comes to the Middle East the explosion ofcomplex refineries is the biggest threat These facilities such as Jubail have high levels of efficiency and complexity that dwarfEuropean counterparts

While one cannot deny that the shale revolution isone event negatively impacting Europe it is having manypositive impacts that will no doubt continue into this yearand cannot be ignored The US has now cemented its energysecurity of supply something that economies across theworld strive for on a daily basis Also the country is sharingthe benefits with others (so to speak) as due to tight oilLatin America and West Africa have gained a secure supplyof gasoline to feed ever increasing demand at a relativelycheap price So yes unless changes are made to reduce thecomplexity of European refineries it is possible that therewill be tough times ahead this year in the region howeverthere is hope elsewhere as fossil fuel supply continues to besecure and prices continue to be favourable and competitiveto many

Happy New Year from all of us on the HydrocarbonEngineering team

Claira LloydEditor

comment


httpslidepdfcomreaderfullpreview-hydrocarbonengineering-january2014 622RAISING PERFORMANCE TOGETHERtrade

The true promise of ultrasonictechnology delivered

CAMERONrsquoS ULTRASONIC FLOW METERS

Cameronrsquos CALDON Ultrasonic MetersSuperior liquid and gas flow meter performance achieved

ACCURACYamp RELIABILITY

TOTAL COST OFOWNERSHIP

CALDON Advantages

bull Meets or exceeds custody

transfer requirements worldwide

bull High reproducibility and

advanced diagnostics

bull Lower installation and

maintenance costs

bull Cameronrsquos trusted reputation

for quality

Cameron takes leading-edge flow metering to new levels of accuracy reliability and

safety with next generation CALDONreg ultrasonic flow meters Combining advanced

transit time technology with global measurement experience Cameron delivers

performance you can measure Benefit from simple installation and enhanced safety

features as well as low operating and maintenance costs Discover the intelligent

choice in ultrasonic flow meters CALDON Only from Cameron

Learn more at wwwc-a-mcomCALDON

PERSONNELSAFETY

AD01152M

F L O W E Q U I P M E N T L E A D E R S H I P

CALDON 280CiULTRASONIC LIQUID FLOW METER

CALDON 380CiULTRASONIC GAS FLOW METER



5 January 2014

HYDROCARBON

ENGINEERING

CBampI | THREE CONTRACTS WON

CBampI has been awarded a contract

valued at approximately

US$ 1 billion by Ingleside Ethylene LLC a

joint venture between OccidentalChemical Corporation (OxyChem) a

subsidiary of Occidental Petroleum

Corporation and Mexichem SAB de

CV for the engineering procurement

and construction of an ethane cracker

and associated utilities and offsites to

be located at OxyChems complex in

Ingleside Texas The cracker will have

the capacity to produce approximately

12 billion lbsy of ethylene

Feedstock for the cracker is

anticipated to be ethane derived from

domestic shale gas As previously

announced CBampI provided the

technology license and basic

engineering for the ethylene

technology five SRTreg (short residence

time) cracking heaters and the front end

engineering design (FEED) services

CBampI has also been awarded a

contract by JSC Gazprom Neft for FEED

services for a new oil refining complex

at Gazprom Nefts refinery in Omsk

Western Siberia Russia The existing

refinery is currently the largest

operating refinery in Russia

CBampIs project scope includes FEED

development for multiple new processunits including a 2 million tpy

hydrocracker unit licensed by Chevron

Lummus Global as well as hydrogen

sulfur and other associated units CBampI

delivered a similar hydrocracker

complex earlier this year for Gazprom

Next in Pancevo Serbia

Finally CBampI in a joint venture with

Zachry Industrial Inc has been awarded

two contracts each valued at

approximately US$ 25 billion by FLNG

Liquefaction LLC and FLNG

Liquefaction 2 LLC in order to

construct the first two trains of the

Freeport liquefaction project

The project scope includes

engineering procurement and

construction for the conversion of an

existing regasification terminal in

Freeport Texas to an LNG liquefaction

terminal The two train LNG

liquefaction facility will have a total

capacity in excess of 89 million tpy of

LNG The initiatial contract discussions

for this project began in 2012

USA | ENERGYEFFICIENCY ORDER

Alfa Laval has won an order to supply

Alfa Laval OLMI heat exchangers to

a petrochemical plant in the US The

order booked in the process industry

segment has a value of approximately

SEK 60 million Deliveries are scheduled

for 2014 and 2015

The Alfa Laval OLMI heat

exchangers will be used to incease the

yield and recover energy in the

production of ethylene an important

ingredient for the manufacturing of

industrial chemicals and plastics

products The order is an example of

the reindustrialisation occuring due to

the shale gas revolution in the USThe shale revolution is thought to

be the major driver behind expansion in

the US petrochemical sector The

unlocking of the previously inaccessible

reserves has driven down prices of the

essential inputs to petrochemical

manufacturing

Venezuela | PLANTEXPANSION

Manoir Industries was awarded

catalyst tubes outlet manifolds

and transfer line assembled by Technip

Claremont for the expansion and

upgrade of PDVSA Puerto La Cruz

refinery Venezuela

The furnace components are based

on Manoirs proprietary Manauritereg high

alloy technology They are

manufactured in its leading production

centres in France an the UK under its

One Manoir International production

methodology which guaranteescoherent manufacturing and quality

control processes across all plants in

France UK India and China

Algeria | READY FOR STARTUP

Sonatrach ranked by Forbes as the

worlds 12th largest oil company is

nearing completion of a new paraxylene

crystallisation plant at its integrated

refinerypetrochemical site in Skikda

Algeria Start up was scheduled for

December of 2013

The plants core units will utilise

CrystPXSM and GT-IsomPXSM both

licensed from GTC Technology CrystPX

recovers paraxylene from reformate

feedstock while GT-IsomPX usingISOXYLreg catalysts from Clariant

isomerises C8 aromatics into additional

paraxylene This license also includes

naphtha hydrotreating and reforming

aromatics extraction and other

aromatics operations Samsung

Engineering Co Ltd provided EPC

services for the new facilities

The paraxylene plant was originally

part of Sonatrachs petrochemical

subsiduary Naftec which Sonatrach

absorbed in 2009

The new units continue Sonatrachs

long term expansion plans for

additional refining and petrochemicalcapacity at its facilities in Algeria to

meet with growing local demand for oil

products

w rld news



6January 2014

HYDROCARBON

ENGINEERING

INBRIEF

Kuwait | PROCESS AUTOMATION SYSTEMS

Honeywell has been selected by

Kuwait National Petroleum

Company (KNPC) to provide the

integrated control and safety

system (ICSS) for its new 615 000 bpd

Al Zour refinery complex to be built in

southern Kuwait Honeywell will also

provide the front end engineering

deisgn for the system

This will be Kuwaits fourth refinery

and the largest refinery in the entire

Middle East The total capacity of

Kuwaits three current refineries is

930 000 bpd The new refinery is

targeted for startup in 2018

Honeywell has provided industrytechnologies to KNPCs refineries for

approximately 30 years through its

Process Solutions business (HPS) and

has long sustained a presence in

Kuwait As the main automation

contractor for the new Al Zour

refinery Honeywell will supply

Experionreg PKS as the main control

system for the refinery complex as

well as integrate all process

automation systems throughout the

site Additionally having HPS perform

front end engineering and design of

the system will help drive consistent

designs from other contractors

throughout the entire project and help

speed its completion

The new refinery complex will help

to meet domestic demand and exportof ultra low sulfur products each as

fuel oil diesel and kerosene as well as

petrochemical feedstocks

Denmark | CELLULOSIC BIOETHANOL

Royal DSM has announced that

together with DONG Energy it hasdemonstrated the combined

fermentation of C6 and C5 sugars from

wheat straw on an industrial scale The

combined fermentation results in a

40 increase in ethanol yieldt of

straw which can result in significant

cost cuts in the production of

bioethanol from cellulosic feedstock

The demonstration took place in

DONG Energys Inbicondemonstration plant in Kalundborg

Denmark the longest running

demonstration facility for cellulosic

bioethanol production in the world

The faciltiy was reconstructed in

2013 in order to be able to conduct

mixed fermentation of C6 and C5

sugars

USA | SULFUR RECOVERY UNITS

Principal Technology Inc a provider

of total system solutions for natural

gas refining chemical process and

manufacturing facilities is supplyingthe small capacity sulfur recovery

units (SRU) and tail gas treating unit

(TGTU) for Dakota Prairie Refining LLC

refinery in southwestern North Dakota

Designed to address the specific needs

of small capacity refineries Principal

Technologys SRUs are based on a

modular platform design that reduces

installation time and enables the units

to meet the tight construction

deadlines imposed to complete the

refinery by the end of 2014The US$ 300 million refinery will

process 20 000 bpd of oil and produce

7000 bpd of diesel fuel specifically to

meet the needs of North Dakota The

remaining petroleum will be shipped to

other refineries for further processing

The technology was chosen as the

facility is at a small scale

USAFourQuest Energy has acquired the assets

of Odyssey Technologies Inc a customchemical solution company based in

Houston Texas OTI has been one of the

process industrys leading suppliers of

speciality chemicals With the acquisition

FourQuest Energy is now in the position

to deliver one of the most powerful and

complete portfolios of services in the

energy industry

Sot AfMAN Diesel amp Turbo South Africa (Pty)

Ltd local subsidiary of the engineering

enterprise MAN Diesel amp Turbo SE(Augsburg Germany) has entered into an

agreement to acquire 100 of the share

in the family owned ELCA Engineering

(Pty) Ltd near Johannesburg Closing of

the transaction is subject to approval

of the South African Competition

Commission The parties agreed not

to disclose any financial details of the

transaction

USAAMETEK Inc has acquired Powervar a

provider of power management systemsand uninterruptible power supply systems

for approximately US$ 128 million

Headquartered in Waukegan Illinois the

privately held company has annual sales

of approximately US$ 70 million

AstThe sale of Caltex Australias Sydney

based import bitumen business to

Puma Energy a subsidiary of Trafigura

Beheer BV has now been completed The

details of the sale remain commercial

in confidence Caltex no longer deemsbitumen to be a core business hence the

sale

w rld news





8January 2014

HYDROCARBON

ENGINEERING

INBRIEF

Oman | INDUSTRIAL GASES VENTURE

Air Products and Takamul Investment

Company a subsidiary of the Oman

Oil Company have signed a joint

venture agreement to establish an

integrated industrial gases venture

which will become a one stop provider

for a full range of industrial gases such

as hydrogen nitrogen and oxygen for

all customers in the Special Economic

Zone at Duqm (SEZAD) Oman

The joint venture will support the

economic development of the SEZADand enhance its competitiveness to

attract further industrial investments It

will also aim to deliver the highest

operational excellence by leveraging

Air Products world class capabilities in

large industrial gas plant design

pipeline infrastructure development

and operational know how as well as

Takamuls strong multi utilitiy

infrastructure position in Duqm via its

Centralised Utility Company

Strategically located along the Gulf

of Oman Duqm has been targeted for

development as a major maritime

gateway for trade in crude oil from theGulf and as an important industrial and

commerical hub Duem will be the

largest SEZ in the Middle East

Belgium | INCREASING EFFICIENCY

INEOS Oxide part of the INEOS Group

of companies and a leading producer

of ethylene oxide and ethylene oxide

derivaties propylene oxide andpropylene oxide derivatives plus a

range of solvents and chemical

specialties has purchased CADWorxreg

Plant Professional and CADWorx PampID

Professional to increase plant efficiency

for its site in Belgium

With strategic locations in both

Europe and the US INEOS focuses on

continually improving cost structures

technologies and safety health and

environment initiatives while combining

plant scalability and reliability After abenchmark analysis the CADWorx Plant

Design Suite was adopted to

standardise and automate work

processes minimise the amount of

transportation errors and enable

integration between CADWorx Plant

Professional and CADWorx PampID

Professional

Canada | LICENSE AGREEMENT

BASF and Pacific NorthWest LNG have

concluded a license agreement on

the use of BASFs OASEreg technology forthe removal of carbon dioxide and sulfur

containing components from natural gas

for all trains of Pacific NorthWest LNGs

proposed LNG facility in the district of

Port Edward near Prince Rupert British

Columbia Canada The facility

anticipates shipping first gas to

customers by the end of 2018 The use of

BASFs OASE technology for gas treating

is essential for the production of LNG

OASE technology removes

contaminants contained in the gas to

enable its liquefaction at temperatures

of approximately -160 ˚C The

technology has a proven track recordin LNG facilities around the world and

its robustness and flexibility to meet

stringent removal requirements is well

recognised in the industry

Front end engineering and design

(FEED) for the LNG faciltiy is currently

ongoing with three international

engineering contractors The FEED is

expected to be complete and in time

for a financial investment decision by

the end of 2014

WodwdBASF and the Petroleum Institute of

Abu Dhabi intend to develop newprocesses for removing aggressive sulfur

compounds from acid gases in a research

collboration The two parties have

already signed an agreement

USAAthalon Solutions has announced the

purchase of a 36 acre chemical plant in

Bayport Texas from Clear Lake Chemicals

The company has significantly added

to its existing manufacturing base in

Louisiana with this purchase

TkIntertek has opened a new petroleum

testing laboratory in Kirikkale Turkey

close to the capital city Ankara The

laboratory supports both local and

regional customers with fuel quality

testing for diesel and gasoline and is

adding a full range of tests to analyse

LPG

RssBASF and Gazprom have signed a final

agreement to swap assets of equivalent

value Through the swap the BASF

subsidiary Wintershall will further expand

its production of oil and gas and exit

the gas trading and storage business

The completion of the transaction is

expected to take place mid 2014 and will

be economically effictive retroactively

to April 1st 2013 Sales and earnings of

BASFs Natural Gas Trading business

will continue to be reported in the

oil and gas segment until completion

The transaction was approved by the

European Commission at the beginning ofDecember 2013

w rld news



Dynamic testing to

ISOIEC 17025 ensures

accuracy

wwwfmctechnologiescom

Copyright copy FMC Technologies Inc 983105ll Rights Reserved

FMC Technologies Flow

Research and Test Center

is accredited through NVL983105P

(NVL983105P Laboratory Code 200939-0)

FMC Technologiesrsquo accredited Flow Research and Test Center puts every

meter manufactured through the paces giving you confidence that thevolume of product delivered is accurate Our experienced technicians

perform dynamic testing of flow rates to 6670 m3h (42000 bph) and

viscosities to 250 cSt the widest measurement capabilities in the world

today Whether itrsquos a custom ultrasonic or a specialized turbine meter

you know that Smith Meterreg products from FMC Technologies will perform

in the field as they did in our test center For more information visit

wwwfmctechnologiescomlabhc



10January 2014

HYDROCARBON

ENGINEERING

| DIARYDATES

Worldwide | CYBER PROTECTION

Protecting smart grids from cyber

attack is a popular conversation in

information security circles But the

threats are far worse than generally

believed Lila Kee chief product officer

at GlobalSign has commented

Of all CNI sectors the energy

industry is the recipient of a

disproportional number of cyber

related attacks as hackers prey on

systems in desperate need of

modernisation and if penetrated could

lead to devastating consequences

Smart grid equipment and software

manufacturers as well as operators are

urged to step up efforts to upgrade

technology especially around the area

of replacing weak passwords with

stronger authentication measures As

in any cyber security planning IT and

security professionals should

incorporate the level of security

necessary for the associated risk of a

breach in the case of smart grids

potentially catastrophic As

participants in North American Energy

Standards Board (NAESB) GlobalSign

encourages energy participants to

incorporate cyber security standards

developed by NAESB and NERC that if

adopted will lead to a safer smart grid

ecosystem

USA | WHAT AMERICA IS THIINKING

Overwhelming numbers of US voters

of all political persuasions agree

that increased development of the

nations energy infrastructure is in the

countrys best interests according to a

poll conducted for the American

Petroleum Institute (API) by Harris

Interactive API DownstreamOperations Senior Manager Refining

and Oilsands Cindy Schild commented

on the results of the poll

The American people understand

the value of investing in our energy

transportation network in order to get

energy to consumers efficiently and to

businesses that are thriving and

creating jobs due to the abundance of

affordable oil and natural gas 93 of

respondents agree that increased

development of energy infrastructure

would help create jobs while 89

agree infrastructure investment would

strengthen Americas energy security

One obvious infrastructure project

with significant economic and energy

security benefits is the Keystone XL

pipeline and voters remain supportive

of moving forward with the project72 agree it is in the USs national

interest to approve the Keystone XL

Pipeline so that it can transport North

American oil to US refineries while 63

would like to see America import more

of the oil it needs from Canada rather

than other foreign countries

The telephone poll of more than

1000 registered voters also found that

88 said that increased development

of energy infrastructure is good for

American consumers

18 - 19 FebruaryMETECH 2014

Madinat JumeirahDubai UAE

Tel +44 (0) 20 7357 8394

Email enquirieseuropetrocom

23 - 26 FebruaryLaurence Reid Gas Conditioning

Conference

University of Oklahoma

Norman Oklahoma USA

Tel +1 4-5 325 3891

Email tstuueerouedu

18 - 20 MarchStocExpo 2014

Ahoy Rotterdam

Rotterdam The Netherlands

Tel +44 (0)20 8843 8820

Email camillastocexpocom

23 - 25 MarchAFPM Annual Meeting

Hyatt Regency Orlando

Florida USA

Email meetings afpmorg

24 - 27 MarchGastech Conference amp Exhibition

KINTEX

Korea

Tel + 44 (0) 203 615 2847

Email infogastechcouk

31 March - 2 AprilGlobal Refining Summit 2014

Hesperia Tower

Barcelona Spain

Tel +44 (0)20 7202 7690

Email enquirewtgeventscom

w rld newsn ew s di g e s t









14 January 2014 HYDROCARBON

ENGINEERING

more flexible business practices Gas markets are likely to

be affected by price volatility as conflicting interests from

LNG renewables and carbon markets interplay In contrast

with the US natural gas consumption in Europe has been

declining in the last three years and market share has been

lost to both coal and renewable energy

Coal versus gasThe IEA revised down its forecast for European gas

consumption for the period between 2013 and 2018

According to the IEA gas consumption will increase by

only 12 billion m3 from 513 billion m3 in 2012 to

525 billion m3 in 2018 The new forecast places future

European gas consumption below pre recession levels

The revision was based on lower estimates for European

GDP growth and more conservative estimates for gas

consumption in the power generation sector According

to the IEA the high price of gas relative to coal and the

low price of carbon will negatively affect gas

consumption in the period between 2013 and 2018 TheIEA is forecasting a further drop in European gas

consumption in the next two years because of the

unfavourable relationship between gas coal and carbon

price before consumption starts to recover after 2015 As

coal produces more carbon per unit of heat than natural

gas coal is more affected by the carbon price This

explains why under the current scenario of low price for

carbon European power generation suppliers are opting

for coal rather than gas whenever possible Data by the

IEA shows that carbon price of euro 45t of CO2 equivalent

would be required to motivate the switch from a coal

fired plant to a gas fired plant At present EuropeanTrading Scheme (ETS) allowances are traded at

approximately euro 4t of CO2 equivalent

Many European electric power producers with the

flexibility to use coal fired generators switched to coal

to take advantage of lower coal prices relative to gas

The US has become the main supplier of coal to Europe

as low US gas prices turned coal less competitive in the

US market and made exports of coal to Europe more

attractive

However the preference for coal could be short lived

as many European countries will be decommissioning

older less efficient coal plants in the next five years and

the European environmental agenda takes precedent overprofitability considerations In 2013 coal consumption

dropped 6 mainly because of the decommissioning of

several coal fired power plants in Europe Some of these

plants were decommissioned on environmental grounds

rather than profitability assessments The environmental

agenda will benefit renewable energy that will become the

fastest growing energy for European power generation in

the future It will also benefit gas exporters in the long

term and limit the scope for expansion of coal fired plants

bypassing price and profitability considerations

Russias expanding gasmarket shareRussian physical gas deliveries into Europe increased by

10 in the first six months of 2013 This increase in Russian

gas imports was driven by lower supplies from Norway and

North Africa and lower LNG imports LNG imports into

Europe have been falling in the last two years and

estimates from Societe Generale suggest a 24 decline in

LNG demand for 2013 This follows a drop of 31 in 2012

relative to 2011 The decline in demand for LNG in Europe

was motivated by weak gas consumption and high LNG

prices LNG producers and traders have been focusing on

the growing Asia LNG markets and some LNG cargoes

designated for Europe have been reloaded and redirected

to Asia This trade is emerging as an important additional

supply source for Asia and has the unintended

consequence of benefiting Russian gas exports

The European economic downturn has had a negative

impact on gas consumption for power generation in the

majority of European countries and particularly in the

Southern European countries The combined gas

consumption for power generation in Italy Spain UK

France and Belgium declined by 21 in the second quarter

of 2013 relative to the same period in 2012 High price ofgas low ETS prices and high growth of renewables

replacing gas for electricity generation were some of the

contributory factors explaining the low intake of gas in the

power sector

In spite of the recent steep decline in LNG imports

into Europe these trade flows are not doomed The UK

which has been experiencing a decline in gas production

from the North Sea and requires higher levels of gas

imports has recently completed two deals with US

suppliers for the import of LNG into the UK

A slump in US natural gas prices caused by increased

shale gas production has created an opportunity for US gassuppliers to sell LNG into Europe and Asia US benchmark

natural gas prices have remained below US$ 4million BTUs

since October 2011 compared to the current benchmark

price of approximately US$ 10million BTU in the UK On

the other hand LNG prices in Japan during 2013 were on

average 55 - 70 above the UK National Balancing

Point (NBP) and German border prices and four and a half

times higher than US Henry Hub prices These price

differentials make LNG exports into Europe and Asia very

attractive for US Exporters

The IEA forecasts considerable tightness in LNG

markets for 2014 with some incremental LNG demand from

Asia surpassing the additional LNG capacity expected tocome on line in 2014 The supply and demand balance may

change from 2015 depending on Australia LNG projects

currently pending approval

Oil indexation versus hubprice indexationA great proportion of natural gas price in Europe is still

based on oil prices It is not possible to get an accurate

view on oil indexation versus hub indexation levels The

majority of the supply contracts are structural long term

contracts with confidentiality clauses The European

Commission estimates that approximately 50 ofEuropean natural gas supply is indexed to oil Moreover

approximately 80 of Russian natural gas supplies to

OECD Europe are linked to oil



DESIGN

SMARTER

CADWorx

reg

2014Plant Professional

UP TO 30

FASTER MODELING

Intergraphreg CADWorx 2014 is the

latest release of the popular

AutoCADreg-based intelligent 3D

plant design and PampID solution

The new routing tools piping

specification system and self-

aware components help increase

flexibility and reduce delivery

times thanks to faster modeling

and design modifications

Enhanced

bull Pipe auto routing

bull Piping specifications

bull Change pipe spec

bull Change pipe size bull Piping branch tables

bull Assembly builder

copy2013 Intergraph Corporation All rights reserved

Intergraph is part of Hexagon Intergraph and the

Intergraph logo are registered trademarks of Intergraph

Corporation or its subsidiaries in the United States and

in other countries AutoCAD is a registered trademark

of Autodesk Inc

EXCLUSIVE TO

wwwenergyglobalcom

Bringing you the power of information

NEW AND

wwwenergyglobalcom

HOW TO GET THE MOST FROM OPTICAL GAS IMAGING

Over the last few years one of the most significant advances in infrared

thermographic cameras has been the introduction of OGI These

cameras use spectral wavelength filtering and streling cooler cold

filtering technology but how do you utilise them to the max

For further information go to wwwenergyglobalcom

ILLEGAL REFINING IN NIGERIA 2013 FIGURES

It has been reported that during 2013 the Nigerian Navy destroyed 1556

illegal oil refineries and arrested 1646 suspects related to illegal refining

activity 103 barges 69 606 auxiliary equipment and 1443 large wooden

boats were also seized by the naval forces In relation to these arrests it

has been reported that piracy and sea robbery in surrounding areas has

dropped


US GASOLINE PRICES

It was predicted by the US AAA that 945 million Americans would travelat least 50 miles from home during the holiday season which breaks

the 2012 record of 94 million This is the fifth consecutive year of travel

increases in the US over the holiday season The period was defined by

the AAA as 21st December - 1st January


GLOBAL SHIFT TO SHALE - PART TWO

Recently the EIA examined 137 shale basins around the world

and concluded that there were almost 8000 trillion ft3 of technically

recoverable natural gas in regions outside North AmericaFor further information go to wwwenergyglobalcom




ENGINEERING

The increasing level of hub indexation in European gas

supply contracts has been one of the main trends marking

the evolution of the gas market over the past few years

Hub indexation has been gathering momentum as North

West European hub prices have traded below oil indexed

contract levels for the last five years This has been a key

factor in the development of hub liquidity and

transparency and opened a gap between high cost long

term contracts and short term contract prices

Gazprom and North Africa producers have been keen

defenders of oil price indexation However there are signs

that even Gazprom is beginning to make concessions The

marketing and trading arm of Gazprom in Germany has

signed a 3 year deal with Centrica for the supply of

24 billion m3 gas to the UK priced at the NBP hub Statoil

has been more willing to accept increasing levels of hub

indexation and has recognised that the majority of the

companyrsquos gas supply contracts will be hub indexed in the

future Recently the company has signed a 10 year

45 billion ft3 supply deal with BASF linked to the Germanhubs

It remains to be seen if the Centrica deal is a turning

point for Gazprom towards accepting hub indexation as

the standard for gas pricing in the future It is nevertheless

a recognition of the way the gas market is developing and

the difficulty in finding buyers for oil indexed gas deals for

example in the UK where hub indexation has become

more widespread The progress towards hub indexed gas

prices is inevitable However oil indexed gas prices are

still going to linger for a long time thanks to the long term

contracts that underpin most of the European pipeline

imports

European oil demand in 2014European oil markets are slowly coming out of the

doldrums and in 2014 some European countries are

expected to experience increases in oil demand triggered

by more dynamic economic growth The IMF European

GDP forecast of 1 for 2014 cannot be considered

impressive but it is still an improvement from the 06

GDP decline expected for 2013 The signs of recovery in oil

demand during 2013 were mixed with Germany and UK

showing encouraging increases in diesel demand but Spain

and Italy still exhibiting sharp declines in motor fuel

demand by 4 and 8 respectively in the first six monthsof 2013 France recorded a combined decline of diesel and

gasoline demand of 18 in the first half of 2013 according

to the industry group Union Francaise of the Industries

Petrolieres (UFIP) The outlook for European oil demand is

expected to be weak in the next two years with the UK

Petroleum Industry Association (UKPIA) forecasting oil

demand growth of 01y until 2015 Oil demand growth is

expected to increase slightly after 2015 according to the

UKPIA particularly in the southern European countries that

enjoy greater prospects of economic growth

The positive signs of economic recovery in the Euro

Zone are improving the outlook for the European refiningindustry but there are very serious risks looming over the

future prospects of the industry Compliance with

environmental regulation lack of investment mismatch

between product supply and market requirements are just

some of the problems facing the industry These issues are

not easily resolved but lack of a strategic framework for

the industry in Europe and lack of political engagement to

resolve some of these problems leave the industry

vulnerable and at risk of becoming another casualty ofmodern times While other refining centres prosper

European refining is perishing US refiners are on a mission

to expand their product exports to all corners of the

world The Russian refinery industry is embarking on a

massive modernisation program which will turn Russian

refiners into more competitive players in global refining

markets Middle East and Asia hold state of the art

refineries and petrochemical complexes and are able to

compete on the basis of economies of scale and lower

production costs In contrast with such positive

developments from refining centres around the world

European refining is being left behind struggling tocompete with more innovative and more profitable

refining centres elsewhere

Increased dependency on oilimportsThe structural imbalance between gasoline churning

European refineries and market requirements for increasing

volumes of diesel places the European industry at a great

disadvantage The economic downturn high crude oil

prices and vehicles efficiencies reduced oil demand and

forced refiners to cut runs imposing additional downward

pressure on refinery margins As a result 16 European

refineries had to shut down since 2008 Data from BPshows France suffered the steepest refining capacity loss

25 while Germany UK and Italy lost 11 11 and 8

respectively between 2008 and 2012 Many refineries are

still under threat of closure Cepsarsquos 88 000 bpd refinery in

Tenerife has been idle for the last four months and

Hellenic Petroleumrsquos Thessaloniki refinery in northern

Greece is also idle both refineries are at risk of permanent

closure MOLrsquos Mantova refinery in Italy is scheduled to

close down at the start of 2014

Diesel demand has been growing strongly in the last

10 years The switch from gasoline to diesel has been

driven by a combination of taxation favouring diesel andefficiencies in diesel engine In contrast to diesel robust

growth gasolinersquos demand in Europe has been declining at

a rate of 3y for more than a decade In Central and East

Figure 1 OECD Europe gasoline exports gasoilimports






ENGINEERING

Europe gasoline has been growing but in countries such as

Poland Turkey and Ukraine the switch from gasoline to

diesel has been taking place for the last few years The

overall net effect is an increasing gasoline surplus that will

continue to be exported to the US and West Africa

The imbalance between refinery production and

market requirements resulted in a growing deficit of

dieselgasoil and a surplus of gasoline Total gasoildiesel

imports grew from 49 million tpy in 2008 to over

53 million t in 2012 (Figure 1) with the impact of the

recession on demand being generally offset by temporary

or permanent refinery closures Gasoline exports exceeded

48 million t from 2008 although there was a small decline

over the period as a result of refinery closures and

reduction in refinery utilisation rates

Threats and challenges facingthe oil sectorThe weakness of the European refining sector is being

exacerbated by the drastic reduction of gasoline exportsto the US markets A combination of lower US

consumption and domestic production replacing imports

has significantly reduced gasoline import requirements by

the US Refiners in Europe are struggling to find new

markets to replace the volumes of gasoline previously sent

to the US and face tough competition from other refining

centres for markets in West Africa and in the

Mediterranean region

US refiners benefit from discounts on domestic crude

and can afford to send products to far off markets During

2013 US refiners have been sending significant volumes of

gasoline to North and West Africa markets traditionallyconsumers of European gasoline West Africa and North

Africa reportedly increased gasoline imports from the US

in the first half of 2013 by more than 50 US refiners have

been able to gain market share in Africa and also capture

gasoline market share at home thanks to improved

domestic logistics The 5500 miles colonial pipeline from

Texas to New York Harbour has recently increased

capacity by 160 000 bpd reducing gasoline imports

requirements from Europe US gasoline and diesel exports

to Africa are expected to continue well into 2014 and

beyond seriously undermining European competitive

position within these markets

The growing European diesel deficit has also createdexport opportunities for other world refining centres US

refiners have been sending increasing volumes of diesel to

Europe Diesel shipments from the US exceeded 2 million t

in September 2013 the highest volume on record

Additional supply requirements into Europe are met by

imports from Asia and Russia The Jubail refinery in Saudi

Arabia is ready to start exporting diesel to Europe at the

time when Asia oil demand appears to be weakening

Indian refiners such as Reliance are also keen to send

diesel and jet fuel to Europe Exports from Russia into

Europe have increased to 650 000 bpd in 2013 and further

increases are expected in 2014 as more Russian refineriescomplete their upgrades

The upgrade of Russian refineries is also imposing a

serious challenge for the European refining industry

European refiners have for many years relied on supply of

untreated Russian gasoil for further processing The cheap

low quality material enables refiners in Europe to increase

their middle distillate yields and improve their margins

The prospect of diminishing supplies of gasoil will add

extra pressure on the profitability of European refining

operations

No rosy prospects for the oilindustry in 2014The continuing switch from gasoline to diesel in Europe

has boosted diesel growth rates in the past 10 years

However diesel growth rates in Europe are forecast to be

much reduced in the future compared to past performance

due to improved engine efficiencies and market saturation

Spain and France for example are approaching diesel

market share of 80 of total cars on the road Therefore

in the future the European diesel market needs to rely on

real economic growth rather than fuel substitution to

sustain a good level of diesel demand growth Theprospects for European fuel demand in 2014 are going to

be mixed Germany and the UK are already showing good

recovery in diesel demand and both countries are expected

to achieve diesel demand growth of approximately 2 in

2014 relative to 2013 On the other hand Italy Spain

Portugal and Greece have been the worst affected by the

economic downturn and oil demand in those countries are

still expected to decline in 2014

Many refineries in Europe will have to make substantial

investments and switch upgrading capacity from catalytic

cracking to hydrocracking and coking to boost middle

distillate production or face the alternative option ofclosing down These investment decisions are impaired by

current low level refinery profitability which makes the

investment case look unattractive

ConclusionEuropean oil and gas industries are undergoing many

changes and facing many challenges The nature of these

challenges can potentially change the outlook for both the

oil and the gas sectors in Europe Energy dependency and

security of supply are underlying lsquothemesrsquo linking the two

industries European authorities and European consumers

are increasingly concerned with oil and gas supply

reliability and affordable prices Despite all these fears thedependency on oil and gas imports is estimated to increase

in 2014 and beyond The expansion of European gas hubs is

regarded as a positive development by European

consumers and will help to keep gas prices under control

Under intense pressure from consumer countries and facing

competitive challenges from other sources of energy the

gas industry is being forced to renegotiate long term

contracts and accept more flexible price mechanisms

In the oil sector European refinery closures will have

very negative implications from the point of view of both

energy security and prices Europe will become more

dependent on product imports and more vulnerable tosupply disruptions and higher costs as long haul transport

costs and storage have to be added to the price of

imported products



Call Watlow today for the best thermal solutionfor your energy process application

European Technical Sales Offices

Germany +49 (0) 7253-9400-0

infowatlowde

France +33 1 41 32 79 70

infowatlowfr

Italy +39 (0) 2 458-8841

italyinfowatlowcom

Spain +34 91 675 1292

infowatlowes

UK +44 (0) 115-964-0777

infowatlowcouk

Watlowreg supplies engineering design

support services and products for

Liquefied Natural Gas (LNG)

Gas Dehydration and Sweetening

Catalytic Cracking and Regeneration

Polycrystalline Silicon Ingot Production

Nuclear Pressurizers

Designing and manufacturing complete thermal systems is

Watlowrsquos expertise We have over 20 yearsrsquo experience working

with our energy process customers to determine optimum thermalsolutions for process heating applications

Need a Partner

You Can Trust



You will need to be a subscriber to read the full editionPlease log in to wwwenergyglobalcom

or alternatively click here to subscribe

For more information about the comprehensive

Hydrocarbon Engineering subscription package please contact uswwwenergyglobalcom

E subscriptionshydrocarbonengineering com





Energy_Global



connect join

Copyrightcopy









contents


(03) Comment











Catalyst

review (51)






30

12





We keep a close eye














and reverse osmosis





















SUBSCRIPTION RATES



contact info


Fax +44 (0) 1252 718 992

SUBSCRIPTION CLAIMS












Claira LloydEditor

comment








CALDON Advantages






maintenance costs


for quality








PERSONNELSAFETY

AD01152M






5 January 2014

HYDROCARBON

ENGINEERING
































































for 2014 and 2015















manufacturing







refinery Venezuela

















December of 2013
















absorbed in 2009





products

w rld news



6January 2014

HYDROCARBON

ENGINEERING

INBRIEF
























































sugars
































energy industry











transaction













sale

w rld news





8January 2014

HYDROCARBON

ENGINEERING

INBRIEF




















































Professional




























the end of 2014



















LPG
















w rld news



Dynamic testing to


accuracy

















10January 2014

HYDROCARBON

ENGINEERING

| DIARYDATES

































ecosystem







































American consumers



Tel +44 (0) 20 7357 8394



Conference


Norman Oklahoma USA

Tel +1 4-5 325 3891

Email tstuueerouedu


Ahoy Rotterdam


Tel +44 (0)20 8843 8820




Florida USA



KINTEX

Korea

Tel + 44 (0) 203 615 2847



Hesperia Tower

Barcelona Spain

Tel +44 (0)20 7202 7690












ENGINEERING





































attractive






































power sector

































DESIGN

SMARTER

CADWorx

reg


UP TO 30

FASTER MODELING











Enhanced











of Autodesk Inc

EXCLUSIVE TO

wwwenergyglobalcom


NEW AND

wwwenergyglobalcom













dropped


US GASOLINE PRICES













ENGINEERING































imports






































































ENGINEERING




























































operations












































imported products





Germany +49 (0) 7253-9400-0

infowatlowde

France +33 1 41 32 79 70

infowatlowfr

Italy +39 (0) 2 458-8841

italyinfowatlowcom

Spain +34 91 675 1292

infowatlowes

UK +44 (0) 115-964-0777

infowatlowcouk











Need a Partner

You Can Trust












We keep a close eye














and reverse osmosis





















SUBSCRIPTION RATES



contact info


Fax +44 (0) 1252 718 992

SUBSCRIPTION CLAIMS












Claira LloydEditor

comment








CALDON Advantages






maintenance costs


for quality








PERSONNELSAFETY

AD01152M






5 January 2014

HYDROCARBON

ENGINEERING
































































for 2014 and 2015















manufacturing







refinery Venezuela

















December of 2013
















absorbed in 2009





products

w rld news



6January 2014

HYDROCARBON

ENGINEERING

INBRIEF
























































sugars
































energy industry











transaction













sale

w rld news





8January 2014

HYDROCARBON

ENGINEERING

INBRIEF




















































Professional




























the end of 2014



















LPG
















w rld news



Dynamic testing to


accuracy

















10January 2014

HYDROCARBON

ENGINEERING

| DIARYDATES

































ecosystem







































American consumers



Tel +44 (0) 20 7357 8394



Conference


Norman Oklahoma USA

Tel +1 4-5 325 3891

Email tstuueerouedu


Ahoy Rotterdam


Tel +44 (0)20 8843 8820




Florida USA



KINTEX

Korea

Tel + 44 (0) 203 615 2847



Hesperia Tower

Barcelona Spain

Tel +44 (0)20 7202 7690












ENGINEERING





































attractive






































power sector

































DESIGN

SMARTER

CADWorx

reg


UP TO 30

FASTER MODELING











Enhanced











of Autodesk Inc

EXCLUSIVE TO

wwwenergyglobalcom


NEW AND

wwwenergyglobalcom













dropped


US GASOLINE PRICES













ENGINEERING































imports






































































ENGINEERING




























































operations












































imported products





Germany +49 (0) 7253-9400-0

infowatlowde

France +33 1 41 32 79 70

infowatlowfr

Italy +39 (0) 2 458-8841

italyinfowatlowcom

Spain +34 91 675 1292

infowatlowes

UK +44 (0) 115-964-0777

infowatlowcouk











Need a Partner

You Can Trust




























SUBSCRIPTION RATES



contact info


Fax +44 (0) 1252 718 992

SUBSCRIPTION CLAIMS












Claira LloydEditor

comment








CALDON Advantages






maintenance costs


for quality








PERSONNELSAFETY

AD01152M






5 January 2014

HYDROCARBON

ENGINEERING
































































for 2014 and 2015















manufacturing







refinery Venezuela

















December of 2013
















absorbed in 2009





products

w rld news



6January 2014

HYDROCARBON

ENGINEERING

INBRIEF
























































sugars
































energy industry











transaction













sale

w rld news





8January 2014

HYDROCARBON

ENGINEERING

INBRIEF




















































Professional




























the end of 2014



















LPG
















w rld news



Dynamic testing to


accuracy

















10January 2014

HYDROCARBON

ENGINEERING

| DIARYDATES

































ecosystem







































American consumers



Tel +44 (0) 20 7357 8394



Conference


Norman Oklahoma USA

Tel +1 4-5 325 3891

Email tstuueerouedu


Ahoy Rotterdam


Tel +44 (0)20 8843 8820




Florida USA



KINTEX

Korea

Tel + 44 (0) 203 615 2847



Hesperia Tower

Barcelona Spain

Tel +44 (0)20 7202 7690












ENGINEERING





































attractive






































power sector

































DESIGN

SMARTER

CADWorx

reg


UP TO 30

FASTER MODELING











Enhanced











of Autodesk Inc

EXCLUSIVE TO

wwwenergyglobalcom


NEW AND

wwwenergyglobalcom













dropped


US GASOLINE PRICES













ENGINEERING































imports






































































ENGINEERING




























































operations












































imported products





Germany +49 (0) 7253-9400-0

infowatlowde

France +33 1 41 32 79 70

infowatlowfr

Italy +39 (0) 2 458-8841

italyinfowatlowcom

Spain +34 91 675 1292

infowatlowes

UK +44 (0) 115-964-0777

infowatlowcouk











Need a Partner

You Can Trust















CALDON Advantages






maintenance costs


for quality








PERSONNELSAFETY

AD01152M






5 January 2014

HYDROCARBON

ENGINEERING
































































for 2014 and 2015















manufacturing







refinery Venezuela

















December of 2013
















absorbed in 2009





products

w rld news



6January 2014

HYDROCARBON

ENGINEERING

INBRIEF
























































sugars
































energy industry











transaction













sale

w rld news





8January 2014

HYDROCARBON

ENGINEERING

INBRIEF




















































Professional




























the end of 2014



















LPG
















w rld news



Dynamic testing to


accuracy

















10January 2014

HYDROCARBON

ENGINEERING

| DIARYDATES

































ecosystem







































American consumers



Tel +44 (0) 20 7357 8394



Conference


Norman Oklahoma USA

Tel +1 4-5 325 3891

Email tstuueerouedu


Ahoy Rotterdam


Tel +44 (0)20 8843 8820




Florida USA



KINTEX

Korea

Tel + 44 (0) 203 615 2847



Hesperia Tower

Barcelona Spain

Tel +44 (0)20 7202 7690












ENGINEERING





































attractive






































power sector

































DESIGN

SMARTER

CADWorx

reg


UP TO 30

FASTER MODELING











Enhanced











of Autodesk Inc

EXCLUSIVE TO

wwwenergyglobalcom


NEW AND

wwwenergyglobalcom













dropped


US GASOLINE PRICES













ENGINEERING































imports






































































ENGINEERING




























































operations












































imported products





Germany +49 (0) 7253-9400-0

infowatlowde

France +33 1 41 32 79 70

infowatlowfr

Italy +39 (0) 2 458-8841

italyinfowatlowcom

Spain +34 91 675 1292

infowatlowes

UK +44 (0) 115-964-0777

infowatlowcouk











Need a Partner

You Can Trust










5 January 2014

HYDROCARBON

ENGINEERING
































































for 2014 and 2015















manufacturing







refinery Venezuela

















December of 2013
















absorbed in 2009





products

w rld news



6January 2014

HYDROCARBON

ENGINEERING

INBRIEF
























































sugars
































energy industry











transaction













sale

w rld news





8January 2014

HYDROCARBON

ENGINEERING

INBRIEF




















































Professional




























the end of 2014



















LPG
















w rld news



Dynamic testing to


accuracy

















10January 2014

HYDROCARBON

ENGINEERING

| DIARYDATES

































ecosystem







































American consumers



Tel +44 (0) 20 7357 8394



Conference


Norman Oklahoma USA

Tel +1 4-5 325 3891

Email tstuueerouedu


Ahoy Rotterdam


Tel +44 (0)20 8843 8820




Florida USA



KINTEX

Korea

Tel + 44 (0) 203 615 2847



Hesperia Tower

Barcelona Spain

Tel +44 (0)20 7202 7690












ENGINEERING





































attractive






































power sector

































DESIGN

SMARTER

CADWorx

reg


UP TO 30

FASTER MODELING











Enhanced











of Autodesk Inc

EXCLUSIVE TO

wwwenergyglobalcom


NEW AND

wwwenergyglobalcom













dropped


US GASOLINE PRICES













ENGINEERING































imports






































































ENGINEERING




























































operations












































imported products





Germany +49 (0) 7253-9400-0

infowatlowde

France +33 1 41 32 79 70

infowatlowfr

Italy +39 (0) 2 458-8841

italyinfowatlowcom

Spain +34 91 675 1292

infowatlowes

UK +44 (0) 115-964-0777

infowatlowcouk











Need a Partner

You Can Trust










6January 2014

HYDROCARBON

ENGINEERING

INBRIEF
























































sugars
































energy industry











transaction













sale

w rld news





8January 2014

HYDROCARBON

ENGINEERING

INBRIEF




















































Professional




























the end of 2014



















LPG
















w rld news



Dynamic testing to


accuracy

















10January 2014

HYDROCARBON

ENGINEERING

| DIARYDATES

































ecosystem







































American consumers



Tel +44 (0) 20 7357 8394



Conference


Norman Oklahoma USA

Tel +1 4-5 325 3891

Email tstuueerouedu


Ahoy Rotterdam


Tel +44 (0)20 8843 8820




Florida USA



KINTEX

Korea

Tel + 44 (0) 203 615 2847



Hesperia Tower

Barcelona Spain

Tel +44 (0)20 7202 7690












ENGINEERING





































attractive






































power sector

































DESIGN

SMARTER

CADWorx

reg


UP TO 30

FASTER MODELING











Enhanced











of Autodesk Inc

EXCLUSIVE TO

wwwenergyglobalcom


NEW AND

wwwenergyglobalcom













dropped


US GASOLINE PRICES













ENGINEERING































imports






































































ENGINEERING




























































operations












































imported products





Germany +49 (0) 7253-9400-0

infowatlowde

France +33 1 41 32 79 70

infowatlowfr

Italy +39 (0) 2 458-8841

italyinfowatlowcom

Spain +34 91 675 1292

infowatlowes

UK +44 (0) 115-964-0777

infowatlowcouk











Need a Partner

You Can Trust












8January 2014

HYDROCARBON

ENGINEERING

INBRIEF




















































Professional




























the end of 2014



















LPG
















w rld news



Dynamic testing to


accuracy

















10January 2014

HYDROCARBON

ENGINEERING

| DIARYDATES

































ecosystem







































American consumers



Tel +44 (0) 20 7357 8394



Conference


Norman Oklahoma USA

Tel +1 4-5 325 3891

Email tstuueerouedu


Ahoy Rotterdam


Tel +44 (0)20 8843 8820




Florida USA



KINTEX

Korea

Tel + 44 (0) 203 615 2847



Hesperia Tower

Barcelona Spain

Tel +44 (0)20 7202 7690












ENGINEERING





































attractive






































power sector

































DESIGN

SMARTER

CADWorx

reg


UP TO 30

FASTER MODELING











Enhanced











of Autodesk Inc

EXCLUSIVE TO

wwwenergyglobalcom


NEW AND

wwwenergyglobalcom













dropped


US GASOLINE PRICES













ENGINEERING































imports






































































ENGINEERING




























































operations












































imported products





Germany +49 (0) 7253-9400-0

infowatlowde

France +33 1 41 32 79 70

infowatlowfr

Italy +39 (0) 2 458-8841

italyinfowatlowcom

Spain +34 91 675 1292

infowatlowes

UK +44 (0) 115-964-0777

infowatlowcouk











Need a Partner

You Can Trust










Dynamic testing to


accuracy

















10January 2014

HYDROCARBON

ENGINEERING

| DIARYDATES

































ecosystem







































American consumers



Tel +44 (0) 20 7357 8394



Conference


Norman Oklahoma USA

Tel +1 4-5 325 3891

Email tstuueerouedu


Ahoy Rotterdam


Tel +44 (0)20 8843 8820




Florida USA



KINTEX

Korea

Tel + 44 (0) 203 615 2847



Hesperia Tower

Barcelona Spain

Tel +44 (0)20 7202 7690












ENGINEERING





































attractive






































power sector

































DESIGN

SMARTER

CADWorx

reg


UP TO 30

FASTER MODELING











Enhanced











of Autodesk Inc

EXCLUSIVE TO

wwwenergyglobalcom


NEW AND

wwwenergyglobalcom













dropped


US GASOLINE PRICES













ENGINEERING































imports






































































ENGINEERING




























































operations












































imported products





Germany +49 (0) 7253-9400-0

infowatlowde

France +33 1 41 32 79 70

infowatlowfr

Italy +39 (0) 2 458-8841

italyinfowatlowcom

Spain +34 91 675 1292

infowatlowes

UK +44 (0) 115-964-0777

infowatlowcouk











Need a Partner

You Can Trust










10January 2014

HYDROCARBON

ENGINEERING

| DIARYDATES

































ecosystem







































American consumers



Tel +44 (0) 20 7357 8394



Conference


Norman Oklahoma USA

Tel +1 4-5 325 3891

Email tstuueerouedu


Ahoy Rotterdam


Tel +44 (0)20 8843 8820




Florida USA



KINTEX

Korea

Tel + 44 (0) 203 615 2847



Hesperia Tower

Barcelona Spain

Tel +44 (0)20 7202 7690












ENGINEERING





































attractive






































power sector

































DESIGN

SMARTER

CADWorx

reg


UP TO 30

FASTER MODELING











Enhanced











of Autodesk Inc

EXCLUSIVE TO

wwwenergyglobalcom


NEW AND

wwwenergyglobalcom













dropped


US GASOLINE PRICES













ENGINEERING































imports






































































ENGINEERING




























































operations












































imported products





Germany +49 (0) 7253-9400-0

infowatlowde

France +33 1 41 32 79 70

infowatlowfr

Italy +39 (0) 2 458-8841

italyinfowatlowcom

Spain +34 91 675 1292

infowatlowes

UK +44 (0) 115-964-0777

infowatlowcouk











Need a Partner

You Can Trust

















ENGINEERING





































attractive






































power sector

































DESIGN

SMARTER

CADWorx

reg


UP TO 30

FASTER MODELING











Enhanced











of Autodesk Inc

EXCLUSIVE TO

wwwenergyglobalcom


NEW AND

wwwenergyglobalcom













dropped


US GASOLINE PRICES













ENGINEERING































imports






































































ENGINEERING




























































operations












































imported products





Germany +49 (0) 7253-9400-0

infowatlowde

France +33 1 41 32 79 70

infowatlowfr

Italy +39 (0) 2 458-8841

italyinfowatlowcom

Spain +34 91 675 1292

infowatlowes

UK +44 (0) 115-964-0777

infowatlowcouk











Need a Partner

You Can Trust










DESIGN

SMARTER

CADWorx

reg


UP TO 30

FASTER MODELING











Enhanced











of Autodesk Inc

EXCLUSIVE TO

wwwenergyglobalcom


NEW AND

wwwenergyglobalcom













dropped


US GASOLINE PRICES













ENGINEERING































imports






































































ENGINEERING




























































operations












































imported products





Germany +49 (0) 7253-9400-0

infowatlowde

France +33 1 41 32 79 70

infowatlowfr

Italy +39 (0) 2 458-8841

italyinfowatlowcom

Spain +34 91 675 1292

infowatlowes

UK +44 (0) 115-964-0777

infowatlowcouk











Need a Partner

You Can Trust











ENGINEERING































imports






































































ENGINEERING




























































operations












































imported products





Germany +49 (0) 7253-9400-0

infowatlowde

France +33 1 41 32 79 70

infowatlowfr

Italy +39 (0) 2 458-8841

italyinfowatlowcom

Spain +34 91 675 1292

infowatlowes

UK +44 (0) 115-964-0777

infowatlowcouk











Need a Partner

You Can Trust













ENGINEERING




























































operations












































imported products





Germany +49 (0) 7253-9400-0

infowatlowde

France +33 1 41 32 79 70

infowatlowfr

Italy +39 (0) 2 458-8841

italyinfowatlowcom

Spain +34 91 675 1292

infowatlowes

UK +44 (0) 115-964-0777

infowatlowcouk











Need a Partner

You Can Trust












Germany +49 (0) 7253-9400-0

infowatlowde

France +33 1 41 32 79 70

infowatlowfr

Italy +39 (0) 2 458-8841

italyinfowatlowcom

Spain +34 91 675 1292

infowatlowes

UK +44 (0) 115-964-0777

infowatlowcouk











Need a Partner

You Can Trust








preview hydrocarbonengineering january2014

Documents