DOCSLIB.ORG

Canada's Competitive Barrel: Can Canadian Heavy Barrels Compete in the US Gulf?

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Canada's Competitive Barrel: Can Canadian Heavy Barrels Compete in the US Gulf? Canadian Energy Research Institute “Canada’s Competitive Barrel: Can Canadian Heavy Barrels Compete in the US Gulf?” Dinara Millington Canadian Energy Research Institute CCQTA-COQA Joint Meeting June 7-10, 2016 Relevant • Independent • Objective www.ceri.ca Canadian Energy Research Institute Founded in 1975, the Canadian Energy Research Institute (CERI) is an independent, non-profit research institute specializing in the analysis of energy economics and related environmental policy issues in the energy production, transportation, and consumption sectors. Our mission is to provide relevant, independent, and objective economic research of energy and environmental issues to benefit business, government, academia and the public. Our core supporters include Natural Resources Canada, Alberta Energy, and CAPP, Chemistry Industry Association of Canada (CIAC), Alberta’s Industrial Heartland Association (AIHA), and the University of Calgary. In-kind support is also provided by the Alberta Energy Regulator (AER) and Petroleum Services Association of Canada (PSAC). All of CERI’s research is placed in the public domain and can be accessed via our website at www.ceri.ca . Relevant • Independent • Objective 2 www.ceri.ca Agenda • The “Why” • Canadian Exports to the US • Transportation Network • US Gulf Imports • Potential Netbacks for Canadian WCS Relevant • Independent • Objective 3 www.ceri.ca The “Why” In Service Proposed Project Source: ARC Financial Corp. Canadian Heavy Crude Exports to the US (2014- 2015) 1,800 1,600 Conventional Heavy 1,400 Synthetic 1,200 1,000 Bitumen and Blended Bitumen 800 600 400 Thousand barrels per day 200 - PADD I PADD II PADD III PADD IV PADD V East Coast Midwest US Gulf Rocky West Coast Mountain Coast Source: National Energy Board Relevant • Independent • Objective 5 www.ceri.ca Pipeline Network Existing and Future Western Canadian Pipeline Export 7,000 Capacity 6,000 5,000 4,000 Thousand barrels per day per barrels Thousand 3,000 2,000 2007 2010 2013 2016 2019 2022 2025 2028 2031 2034 Existing Export Capacity Enbridge Alberta Clipper Expansion Enbridge Line 3 Restored Kinder Morgan TMX Expansion Enbridge Northern Gateway Source: Canadian Energy Pipeline Association Source: Canadian Association of Petroleum Producers Relevant • Independent • Objective 6 www.ceri.ca Rail Network Existing and Future Western Canadian Rail Export Capacity 1,000 900 800 700 600 500 400 300 200 100 Thousand barrels per day per barrels Thousand 0 2007 2010 2013 2016 2019 2022 2025 2028 2031 2034 Future Rail Capacity Existing Rail Capacity Source: Canadian Association of Petroleum Producers Relevant • Independent • Objective 7 www.ceri.ca US Gulf Coast Refining Capacity Source: US Energy Information Agency Relevant • Independent • Objective 8 www.ceri.ca Crude Prices Source: Argus Media Relevant • Independent • Objective 9 www.ceri.ca Crude Oil Quality 5.50% 5.00% Peace River Heavy 4.50% 4.00% Wabasca Heavy Cold Lake Blend > Sour) > - 3.50% Western Candian Select Mexico - Maya 3.00% Iraq - Basra Light Heavy Vs. Light Kuwait - Kuwait Sweet Vs. Sour 2.50% Monterey Venezuela -Merey Venezuela - BCF-17 Albian Hvy. Syn. UAE - Dubai Canadian Crudes 2.00% Ecuador - Napo Mars Colombia - Castilla Blend West Texas Sour US Crudes Saudi Arabia - Arab Light Sulfur Content wt. % (Sweet % (Sweet wt. Content Sulfur 1.50% Colombia - Rubiales Kern River Brazil - Polvo 1.00% Alaska North Slope Forties Blend Brazil - Marlim Hibernia Blend 0.50% Brent Syncrude Synthertic Condensate Blend Sumatra - Duri West Texas Intermediate Suncor Synthetic A Nigeria - Bonny Light Malaysia - Tapis Algerian Condensate 0.00% 0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 API Gravity (Heavy -> Light) Source: BP, EIA, Genesis Capital, Oil &Gas Journal, Pemex, Statoil Relevant • Independent • Objective 10 www.ceri.ca US Gulf Coast Heavy Crude Imports 3,000 Canada Ecuador Brazil Colombia Venezuela Mexico 2,500 2,000 1,500 1,000 Thousand barrels per day 500 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Source: US Energy Information Agency, 2015 Relevant • Independent • Objective 11 www.ceri.ca Canadian Net Available Heavy Crude Exports SK Heavy Conventional Production (CERI, 2014) 5,000 AB Conventional Heavy (CAPP, 2015) 4,500 SCO Production (CERI, 2015) 4,000 Crude Bitumen Production (CERI, 2015) Net available heavy crude oil exports (CERI, 2015) 3,500 3,000 2,500 2,000 Thousand barrels per day 1,500 1,000 500 - 2007 2009 2011 2013 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2035 Source: CERI, “Heavy barrel competition in the US Gulf Coast: Can Canadian producers compete?”, 2016 Relevant • Independent • Objective 12 www.ceri.ca Potential Heavy Crude Exports to the US Gulf Coast 1,600 1,400 1,200 1,000 800 600 400 Thousand barrels per day 200 - 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Pipeline Capacity to the Gulf Coast Rail Capacity to the US Gulf Coast Considering 50% capacity through EE & TMX Considering 75% capacity through EE & TMX Considering 50% capacity through EE,TMX & NG Considering 75% capacity through EE,TMX & NG No major coast export pipeline available Source: CERI, “Heavy barrel competition in the US Gulf Coast: Can Canadian producers compete?”, 2016 Relevant • Independent • Objective 13 www.ceri.ca Potential Netbacks for Canadian Heavy Barrel Producers $45.95 $50.00 $13.02 $4.23 $45.00 $0.99 $1.29 $0.52 $40.00 $30.43 $2.50 $15.50 $15.00 $12.03 $11.73 $12.50 $35.00 $8.79 $30.00 $25.00 $20.00 $15.00 $10.00 $5.00 $- All values are 2015 average US$ Source: CERI, “Heavy barrel competition in the US Gulf Coast: Can Canadian producers compete?”, 2016 Relevant • Independent • Objective 14 www.ceri.ca Netbacks for WCS – Existing Pipeline Netbacks for WCS Transported by Existing Pipeline Netbacks for WCS Transported by Existing Pipeline (Committed Tolls) from Hardisty, AB to the US Gulf (Uncommitted Tolls) from Hardisty, AB to the US Gulf Coast Coast Pipeline toll Hardisty to Texas Gulf Coast (10-year $7.79 Pipeline fee Hardisty to Texas Gulf Coast $11.03 committed toll) US$/bbl (uncommitted toll) US$/bbl Pipeline load terminal fee US$/bbl $1.00 Pipeline load terminal fee US$/bbl $1.00 Total Pipeline Transportation Cost – Hardisty to $8.79 Total Pipeline Transportation Cost – Hardisty to $12.03 Houston / bbl Houston / bbl (uncommitted tolls) Western Canadian Select @ Hardisty $30.43 Western Canadian Select @ Hardisty $30.43 Median USGC Heavy Sour Crude landed $45.95 Median USGC Heavy Sour Crude landed $45.95 USGC Heavy Sour Crude - Dilbit Quality Adjustment $2.5 USGC Heavy Sour Crude - Dilbit Quality Adjustment $2.5 Estimated WCS Price Uplift @USGC $13.02 Estimated WCS Price Uplift @USGC $13.02 Netback for Canadian producers at the USGC $4.23 Netback for Canadian producers at the USGC $0.99 All values are 2015 average US$ Source: CERI, 2016 Relevant • Independent • Objective 15 www.ceri.ca Netbacks for WCS – Existing Rail Netbacks for WCS Transported by Rail from Hardisty, AB to the US Gulf Coast Rail Tank Car (bbl) 600 Rail Freight Hardisty to Texas Gulf Coast (Heavy Crude) US$/bbl Unit $12.00 Train Rail Tank Car Lease / bbl ($600/month, 2 turns) $0.50 Rail Car Load and Unload Terminal Fee / bbl ($1.50 each) $3.00 Total Rail Transportation Cost – Hardisty to Houston / bbl $15.50 Western Canadian Select @ Hardisty $30.43 Median USGC Heavy Sour Crude landed $45.95 USGC Heavy Sour Crude - Dilbit Quality Adjustment $2.5 Estimated WCS Price Uplift @USGC $13.02 Netback for Canadian producers at the USGC $(-2.48) All values are 2015 average US$ Source: CERI, 2016 Relevant • Independent • Objective 16 www.ceri.ca Conclusions • Canadian heavy crude oil production is expected to grow from 2.6 MMbpd in 2015 to 4.7 MMbpd in 2035, more than a 2 MMbpd increase over the next twenty years. • Canadian domestic demand for heavy crude oil is expected to increase by approximately 50% and reach over 800,000 bpd by 2035. • Net heavy Canadian available exports are expected to grow to volumes larger than 3.5 MMbpd over the next decade. • Heavy crude imports from Mexico and Venezuela have decreased by over 1 MMbpd over the last 10 years. • If Canadian heavies could displace most of the Mexican and Venezuelan imports, the opportunity for bitumen blends and heavy oil would be about 1.5 MMbpd. Relevant • Independent • Objective 17 www.ceri.ca Conclusions • If exports are to increase to the Gulf to displace other exporters, additional pipeline capacity needs be developed. • Under current market conditions, rail access to the USGC prices Canadian producers out of the market. • By allocating heavy production to other markets such as Asia and Europe, Canadian producers are able to reduce their overland dependence on the US market, reduce their supply to that market, and overcome pipeline constraint issues on the US Gulf Coast. • As Western Canadian crude oil production continues to grow, the leverage of these resources for economic benefits to the nation will depend on the ability to connect this growing supply with demand. Relevant • Independent • Objective 18 www.ceri.ca Thank you! www.ceri.ca Relevant • Independent • Objective 19 www.ceri.ca.
Load more

Recommended publications
  • What Is a Rain Barrel?
    What is a rain barrel? A rain barrel is a container used to collect and store rainwater from your roof that would otherwise be lost to runoff and diverted out onto your property or to a storm drain and eventually to local streams or rivers. Rain barrels are also an economical way to store rain water to be used as a secondary water supply for indoor plants, flower gardens, lawns, fill the bird bath, and washing cars and windows. Rain barrels are usually about 40-60 gallons and can be purchased or made relatively easily. The parts are available at any hardware store. *Stored water is not used for drinking or bathing* Why use rain barrels? Every time it rains, unabsorbed water rushes to storm drains and directly into our local waterways. Often times this runoff carries with it pollutants it has picked up along the way depositing in them into local waterways. Any rainwater in an urban or suburban area that does not evaporate or infiltrate into the ground is considered stormwater. Infiltration is when water on the ground surface soaks into the soil. Impervious surfaces like roofs, asphalt, and concrete do not allow Rain water from your roof and driveway travels to the street and into storm drains for the infiltration to occur. eventually draining into our creeks, lakes, and rivers. Infiltration of water on pervious surfaces is important because it reduces the amount runoff and the possibility of erosion and pollutants leaving a site and entering a waterway. What can rain barrels do for you? Healthier plants.
    [Show full text]
  • Guide for the Use of the International System of Units (SI)
    Guide for the Use of the International System of Units (SI) m kg s cd SI mol K A NIST Special Publication 811 2008 Edition Ambler Thompson and Barry N. Taylor NIST Special Publication 811 2008 Edition Guide for the Use of the International System of Units (SI) Ambler Thompson Technology Services and Barry N. Taylor Physics Laboratory National Institute of Standards and Technology Gaithersburg, MD 20899 (Supersedes NIST Special Publication 811, 1995 Edition, April 1995) March 2008 U.S. Department of Commerce Carlos M. Gutierrez, Secretary National Institute of Standards and Technology James M. Turner, Acting Director National Institute of Standards and Technology Special Publication 811, 2008 Edition (Supersedes NIST Special Publication 811, April 1995 Edition) Natl. Inst. Stand. Technol. Spec. Publ. 811, 2008 Ed., 85 pages (March 2008; 2nd printing November 2008) CODEN: NSPUE3 Note on 2nd printing: This 2nd printing dated November 2008 of NIST SP811 corrects a number of minor typographical errors present in the 1st printing dated March 2008. Guide for the Use of the International System of Units (SI) Preface The International System of Units, universally abbreviated SI (from the French Le Système International d’Unités), is the modern metric system of measurement. Long the dominant measurement system used in science, the SI is becoming the dominant measurement system used in international commerce. The Omnibus Trade and Competitiveness Act of August 1988 [Public Law (PL) 100-418] changed the name of the National Bureau of Standards (NBS) to the National Institute of Standards and Technology (NIST) and gave to NIST the added task of helping U.S.
    [Show full text]
  • U.S.-Canada Cross- Border Petroleum Trade
    U.S.-Canada Cross- Border Petroleum Trade: An Assessment of Energy Security and Economic Benefits March 2021 Submitted to: American Petroleum Institute 200 Massachusetts Ave NW Suite 1100, Washington, DC 20001 Submitted by: Kevin DeCorla-Souza ICF Resources L.L.C. 9300 Lee Hwy Fairfax, VA 22031 U.S.-Canada Cross-Border Petroleum Trade: An Assessment of Energy Security and Economic Benefits This report was commissioned by the American Petroleum Institute (API) 2 U.S.-Canada Cross-Border Petroleum Trade: An Assessment of Energy Security and Economic Benefits Table of Contents I. Executive Summary ...................................................................................................... 4 II. Introduction ................................................................................................................... 6 III. Overview of U.S.-Canada Petroleum Trade ................................................................. 7 U.S.-Canada Petroleum Trade Volumes Have Surged ........................................................... 7 Petroleum Is a Major Component of Total U.S.-Canada Bilateral Trade ................................. 8 IV. North American Oil Production and Refining Markets Integration ...........................10 U.S.-Canada Oil Trade Reduces North American Dependence on Overseas Crude Oil Imports ..................................................................................................................................10 Cross-Border Pipelines Facilitate U.S.-Canada Oil Market Integration...................................14
    [Show full text]
  • Rain Barrel Guide
    COLLECTING A GUIDE TO RAIN BARRELS ollecting or centuries, rainwater has been collected as a way rainwater for people and communities to meet their water needs. Today, this simple technology is still in use – most often for controlling stormwater runoff and conserving water. conserves What is a rain barrel? Why use a rain barrel? water A rain barrel Collecting rainwater is an easy way to conserve is a container water – and save money on your water bill. that collects During the drier season, when water consumption and and stores in Bellingham often doubles, using collected rainwater – rainwater also reduces the strain on the city’s usually from water supply and keeps more water available for rooftops and fish and wildlife. Rainwater is also naturally “soft” helps downspouts. and free of minerals and chemicals, making it Rain barrels ideal for plants and lawns. reduce Cypress Designs - 95 gal Did you know? Larger rainwater catchment typically range in systems are called cisterns or tanks. They can size from 55 to 95 range in size from 250 to 15,000 gallons! stormwater gallons and can be used alone or grouped together Using a rain barrel to collect rainwater also helps in connected sets. Ready-made reduce stormwater runoff that might otherwise runoff. rain barrels can be purchased run down storm drains and into our streams, locally, ordered online or you can rivers, lakes and bays. build your own. Homemade rain Stormwater runoff can barrels are most often made from cause flooding and empty 55-gallon, food-grade erosion, and carry drums. pollutants into our waterways.
    [Show full text]
  • The Screw and Barrel System
    The Screw and Barrel System 1. Materials Handling 2 2. The Hopper 5 3. The Barrel 6 4. The Screw 9 5. Screw Types 13 6. Screw Mixing Sections 17 7. Breaker Plates, Screen Packs and 22 Gear Pumps 8. Screw Drive System 26 9. Motor Size and Thrust Bearing Life 29 38 Forge Parkway | Franklin, MA 02038 USA | Tel: +1 (508) 541-9400 | Fax: +1 (508) 541-6206 www.dynisco.com - 1 - MATERIALS HANDLING The subject of materials and component handling is one that appears to be ignored in many extrusion shops. Thus, material and component contamination is common. The most common source of resin contamination is water. Generally oil, grease and dust are observed in the contamination of products as well. Material Feed The feed to machines involved in processing thermoplastics is very often a mixture of virgin (new) material, regrind, and colorant (often in the form of a master batch). All of these materials must be kept clean and dry. A controlled ratio of the materials must also be used if consistent machine operation and component quality (such as surface appearance) are to be maintained. The extruder can be fed with plastics (resins) or compounds in various forms. The feed may be fine powder, regrind material or virgin pellets. If the material is available in more than one form, feeding problems will probably occur if a mixture of forms is used. In terms of feeding efficiency, spherical granules (of approximately 3 mm/0.125 in diameter) are the most efficient, while fine powders are usually the worst.
    [Show full text]
  • Learning Curve, Change in Industrial Environment, and Dynamics of Production Activities in Unconventional Energy Resources
    sustainability Article Learning Curve, Change in Industrial Environment, and Dynamics of Production Activities in Unconventional Energy Resources Jong-Hyun Kim and Yong-Gil Lee * Department of Energy Resources Engineering, Inha University, 100 Inharo, Nam-gu, Incheon 22212, Korea; [email protected] * Correspondence: [email protected]; Tel.: +82-32-860-7555 Received: 29 August 2018; Accepted: 14 September 2018; Published: 17 September 2018 Abstract: Since 2007, shale oil and gas production in the United States has become a significant portion of the global fossil fuel market. The main cause for the increase in production of shale oil and gas in the US is the adoption of new production technologies, namely, horizontal drilling and hydraulic fracturing. However, the production cost of shale oil and gas in the US is comparably higher than the production cost of conventional oil and gas. In 2014, the crude oil and natural gas price decreased significantly to approximately 40 dollars per barrel, and natural gas prices decreased to 3 dollars per million British thermal unit, and thus the productivity and financial conditions for the exploration and production of shale oil and natural gas for producers in the United States have worsened critically. Therefore, technological innovation has become one of the most interesting issues of the energy industry. The present study analyzes the trends in technological innovation having a relationship with production activities. This study calculates the learning rate of 30 companies from the petroleum exploration and production industry in the United States using an improved learning rate calculation formula that reflects the changes in the oil production ratio.
    [Show full text]
  • How Can I Make a Rain Barrel?
    How Can I Make a August 2009 Rain Barrel? Environmental Assessment & Innovation Division EPA Region 3, Philadelphia, PA A rain barrel is a system that collects and stores rain- Step 1 - Inflow - Cut a hole in the top of barrel to water from your roof that would otherwise be lost to allow rainwater to enter the barrel and to access the runoff and diverted to storm drains and streams. Usually inside of the barrel. The hole should be just large a rain barrel is composed of a 55 gallon drum, a vinyl enough to snugly fit the 1 gallon plastic bucket, tub hose, PVC couplings, a screen grate to keep debris and or flowerpot. The bucket will be used to support a insects out, and other off-the-shelf items. A rain barrel is screen to keep mosquitoes and debris out. Cut a 3/4 relatively simple and inexpensive to construct. inch hole in the bucket. Materials Step 2 - Spigot - Drill a 3/4 inch hole close to • 1 - 55 gallon polyethylene plastic barrel (may be bottom of the 55 gallon barrel. (Don't drill the hole available for free or low cost from commercial car too far down inside the barrel where you can't reach washes, bottling companies or other food businesses it from the access hole on top or else you may need that use liquids.) the help of a friend with very long arms!) Put teflon tape on the 1/2 inch bushing and thread it into the • 1 - 10 foot length of 2 inch PVC pipe silcock or hose bib.
    [Show full text]
  • The International System of Units (SI) - Conversion Factors For
    NIST Special Publication 1038 The International System of Units (SI) – Conversion Factors for General Use Kenneth Butcher Linda Crown Elizabeth J. Gentry Weights and Measures Division Technology Services NIST Special Publication 1038 The International System of Units (SI) - Conversion Factors for General Use Editors: Kenneth S. Butcher Linda D. Crown Elizabeth J. Gentry Weights and Measures Division Carol Hockert, Chief Weights and Measures Division Technology Services National Institute of Standards and Technology May 2006 U.S. Department of Commerce Carlo M. Gutierrez, Secretary Technology Administration Robert Cresanti, Under Secretary of Commerce for Technology National Institute of Standards and Technology William Jeffrey, Director Certain commercial entities, equipment, or materials may be identified in this document in order to describe an experimental procedure or concept adequately. Such identification is not intended to imply recommendation or endorsement by the National Institute of Standards and Technology, nor is it intended to imply that the entities, materials, or equipment are necessarily the best available for the purpose. National Institute of Standards and Technology Special Publications 1038 Natl. Inst. Stand. Technol. Spec. Pub. 1038, 24 pages (May 2006) Available through NIST Weights and Measures Division STOP 2600 Gaithersburg, MD 20899-2600 Phone: (301) 975-4004 — Fax: (301) 926-0647 Internet: www.nist.gov/owm or www.nist.gov/metric TABLE OF CONTENTS FOREWORD.................................................................................................................................................................v
    [Show full text]
  • U.S. Trade Deficit and the Impact of Changing Oil Prices
    U.S. Trade Deficit and the Impact of Changing Oil Prices Updated February 24, 2020 Congressional Research Service https://crsreports.congress.gov RS22204 SUMMARY RS22204 U.S. Trade Deficit and the Impact of February 24, 2020 Changing Oil Prices James K. Jackson Exports and imports of petroleum products and changes in their prices have long had a large Specialist in International impact on the U.S. balance of payments, often serving as a major component in the U.S. trade Trade and Finance deficit. Over the past decade, however, this has changed. Currently, petroleum prices are having less of an impact on the U.S. balance of payments primarily due to the growth in U.S. exports of petroleum products; in the last four months of 2019, U.S. exports of petroleum products exceeded imports. While this represents a major step in achieving energy independence, the United States remains a major net importer of crude oil and questions remain about the sustainability of some U.S. energy exports. The share of petroleum products in the overall U.S. trade deficit has fallen from around 47% in December 2010 to -0.1 in December 2019. Recently, imported petroleum prices fell from an average of $58.86 per barrel of crude oil in 2018 to an average price of $53.31 per barrel in 2019, or a decline of 8.4%. Average prices rose to $60.00 per barrel in May 2019, following the annual trend of rising energy prices heading into the summer months, before declining in the fall and winter.
    [Show full text]
  • Important Conversion Factors in Petroleum Technology Conversion
    1183 Important Conversion Factors in Petroleum Technology Conversion Table 1 Oil volume and mass To convert . ... Into Tonnes (metric) Kiloliters Barrels US gallons Tonnes/yrb Tonnes (metric) 1 1=SGa 6:2898=SGa 264:17=SGa – Kiloliters 1SGa 1 6:2898 264:17 – Petroleum barrels 0:159 SGa 0:159 1 42 – US gallons 0:0038 SGa 0:0038 0:0238 1 – Barrels/dayb – – – – 58:03 SGa a SG D specific gravity of the oil @ 15:55 ıC b For converting between mass and volume, some sources use an assume or average density. That can be misleading and is not best practice Table 2 Flow/consumption ratios To convert . ... Into Multiply by Standard cubic feet per barrel (scf=bbl) Normal cubic meters per cubic meter (Nm3=m3) 0:178 Table 3 Geothermal gradients To convert . ... Into Multiply by ıC=100 m ıF=100 ft 0:549 Table 4 Density To convert . ... Into Use the formula API gravity Specific gravity @ 60 ıF(sp.gr.) API gravity D .141:5=sp.gr./ 131:5 Specific gravity @ 60 ıF(sp.gr.) API gravity sp.gr. D 141:5=.API gravity C 131:5/ Table 5 Vol um e To convert . ... Into Multiply by Standard cubic feet (scf) of gas @ 60 ıF and 14:73 psi Standard cubic meters (Sm3)@15ıC and 101:325 kPa 0:0283058 Standard cubic meters (Scm) of gas @ 15 ıC Normal cubic meters (Nm3)@0ıC and 101:325 kPa 1:0549000 and 1:0325 kPa In considering industrial gases, especially when negotiating contracts, it is crucial to know the difference between standard and normal.
    [Show full text]
  • Approximate Conversion Factors
    Approximate conversion factors Statistical Review of World Energy Crude oil* To convert Tonnes (metric) Kilolitres Barrels US gallons Tonnes/year From Multiply by Tonnes (metric) 1 1.165 7.33 307.86 – Kilolitres 0.8581 1 6.2898 264.17 – Barrels 0.1364 0.159 1 42 – US gallons 0.00325 0.0038 0.0238 1 – Barrels/day – – – – 49.8 *Based on the worldwide average gravity Products To convert Barrels to Tonnes to Kilolitres to Tonnes to Tonnes to Tonnes to tonnes barrels tonnes kilolitres gigajoules barrels oil equivalent From Multiply by Ethane 0.059 16.850 0.373 2.679 49.400 8.073 Liquified petroleum gas (LPG) 0.086 11.600 0.541 1.849 46.150 7.542 Gasoline 0.120 8.350 0.753 1.328 44.750 7.313 Kerosene 0.127 7.880 0.798 1.253 43.920 7.177 Gas oil/diesel 0.134 7.460 0.843 1.186 43.380 7.089 Residual fuel oil 0.157 6.350 0.991 1.010 41.570 6.793 Product basket 0.124 8.058 0.781 1.281 43.076 7.039 Approximate conversion factors – Statistical Review of World Energy – updated July 2021 Page | 1 Natural gas and LNG To convert Billion cubic Billion cubic Petajoules Million Million Trillion Million metres NG feet NG NG tonnes oil tonnes LNG British barrels oil equivalent thermal equivalent units From Multiply by 1 billion cubic metres NG 1.000 35.315 36.000 0.860 0.735 34.121 5.883 1 billion cubic feet NG 0.028 1.000 1.019 0.024 0.021 0.966 0.167 1 petajoule NG 0.028 0.981 1.000 0.024 0.021 0.952 0.164 1 million tonnes oil equivalent 1.163 41.071 41.868 1.000 0.855 39.683 6.842 1 million tonnes LNG 1.360 48.028 48.747 1.169 1.000 46.405 8.001 1 trillion
    [Show full text]
  • Energy Basics Bioresources Biofuels Petroleum Biomass Energy
    Energy Basics BioResources BioFuels Petroleum Biomass Energy Cord Wood: Stack of wood comprising 128 cubic feet (3.62 m3) Standard dimensions are 4 x 4 x 8 feet includes air space and bark One cord contains approx. 1.2 U.S. tons (oven-dry) = 2400 pounds = 1089 kg 1.0 metric tonne wood = 1.4 cubic meters (solid wood, not stacked) Energy content of wood fuel (HHV, bone dry) = 18-22 GJ/t (7,600-9,600 Btu/lb) Energy content of wood fuel (air dry, 20% moisture) ≅ 15 GJ/t (6,400 Btu/lb) Energy content of agricultural residues (varying moisture content) = 10-17 GJ/t (4,300-7,300 Btu/lb) Metric tonne charcoal = 30 GJ = 12,800 Btu/lb Ethanol – Biodiesel Energy Metric tonne ethanol = 7.94 petroleum barrels = 1262 liters LHV Ethanol energy content = 11,500 Btu/lb = 75,700 Btu/gallon = 26.7 GJ/t = 21.1 MJ/liter. HHV for ethanol = 84,000 Btu/gallon = 89 MJ/gallon = 23.4 MJ/liter Average ethanol density (average) = 0.79 g/ml Average metric tonne biodiesel = 37.8 GJ typically 33.3 - 35.7 MJ/liter Average biodiesel density = 0.88 g/ml Areas and Crop Yields 1.0 hectare = 10,000 m2 = 328 x 328 ft = 2.47 acres 1.0 km2 = 100 hectares = 247 acres 1.0 acre = 0.405 hectares 1.0 US ton/acre = 2.24 t/ha 1 metric tonne/hectare = 0.446 ton/acre 100 g/m2 = 1.0 tonne/hectare = 892 lb/acre Target bioenergy crop yield might be: 5.0 US tons/acre (10,000 lb/acre) = 11.2 tonnes/hectare (1120 g/m2) 1.0 US Bushel corn/sorgum = 56 lb, 25 kg 1.0 US Bushel wheat/soybeans= 60 lb, 27 kg (wheat or soybeans) 1.0 US Bushell barley = 40 lb, 18 kg (barley) Fossil Fuel Energy Barrel of oil equivalent (boe) ≅ 6.1 GJ (5.8 million Btu), equivalent to 1,700 kWh.
    [Show full text]