Price of Oil goes down
You may have heard of small talk from other people, or just that you got gas for your car this week, the price of oil dropped! We may jump with joy here in America- But as the price of oil goes down here in the state, the price of oil increases in other countries.
“New York Mercantile Exchange settled at $97.01, down 93 cents, or 0.9% for the day, after rebounding from a session low of $95.52. Prices are down 8.6% over the last five days trading days. June Brent futures settled down 43 cents, or 0.38%, to $1112.73 on the Intercontinental Exchange.”
“The U.S. currency and oil prices tend to move inversely, as a stronger dollar makes crude more expensive for buyers in other currencies.”
http://www.rigzone.com/news/article.asp?a_id=117696&hmpn=1
Peru – Largest Oil Refinery Capacity in the Country
When you think of Peru, what do you think of? Before I took a trip to Lima Peru, I thought there was going to be little shops everywhere and people selling anywhere from jewelry to food, on the streets. Lima, Peru is actually the most industrialized city in South America.
“Peru has six major oil refineries with total capacity of 192,950 bbl/d. Repsol-YPF controls the largest facility in the country, La Pampilla, located in Lima, with a capacity of 102,000 bbl/d. The other privately-operated refinery in the country is the 3,250-bbl/d Purcallpa, operated by Maple Gas. Petroperu operates the remaining four refineries and the largest network of retail oil products distribution. The Peruvian government has planned to further privatize downstream facilities in the future. “
And just like Houston, Texas has many refineries and buy petroleum equipment such as Ball, Gate, Globe, and Check Valves.
“Peru has proven crude oil reserves of 930 million barrels, according to Oil and Gas Journal (OGJ). The country produced 110,900 barrels per day. With the revival in oil exploration, Peru has had new projects brought online, increasing the country’s oil production levels. However, Peru's oil consumption has also grown over the past 20 years.”
Source: http://http://www.eoearth.org/article/Energy_profile_of_Peru
Butterfly Valves
“A Butterfly Valve is used to control the flow of material through a circular pipe or tube. They consist of a circular disc with its pivot axis at right angles to the direction material is flowing.”
Some of the applications that use butterfly valves are air, gas, steam and liquid. The body can be made up of different materials such as cast iron, ductile iron, aluminum, carbon steel, stainless steel and exotic metals.
“Depending on the application, additional valve features that may need to be considered. Some of these features include: the manner in which the stem and disc are attached, the way the stem and disc assembly mount inside the valve body, undercutting of disc, type of material used in stem bushings and packing, and availability of a ring seal between the seat and valve body.”
To learn more about the different features and to learn about the different parts, you can visit;
http://forum.bulk-online.com/showthread.php?7088-How-amp-Why-Are-Butterfly-Valves-Used
$1 Billion Natural Gas Pipeline Proposed for PA
$1 Billion Natural Gas Pipeline Proposed for PA., would connect to Baltimore, DC areas
While the Keystone XL Pipeline is waiting to be built, Philadelphia proposed a $1 Billion dollar Gas Pipeline connecting from Northeastern Pennsylvania’s Marcellus Shale to Philadelphia, Baltimore, and Washington. Although the UGI Corporation, Energy Midstream L.P. & Capitol Energy Ventures came to conclusion to build a 200-mile pipeline on Thursday conference. The companies set a completed goal of 2015 and still need regulatory approval.
This project would move at least 800,000 cubic feet of natural gas per day from Lycoming County South through Eastern and Central Pennsylvania. However, still waiting on what they end up doing; either allowing Kansas City, MO, build the pipeline and share an equal stake with Valley Forge and Capitol Energy Ventures.
Source:
Will the Keystone XL Pipeline Lower Gasoline Prices?
Two questions: Who loves money? Who enjoys paying for gas at a low cost? If you say “I”, well you might just get lucky.
The House of Representatives passed a bill requiring swift approval of the Keystone XL pipeline; however, they state the pipeline will carry heavy crude oil from Canada’s Alberta province to the Gulf Coast. Although the Obama administration has claimed it needs more time to study the possible environmental impact. – My questions are: How much time do you need Obama? Would you want us to wait until you finish your four-eight years in the office?
Republican Fred Upton, chairman of the Energy and Commerce Committee; states: We are interested and assertion that the Keystone “will…help bring down prices at the pump”. However, the Keystone XL Pipeline will not be completed till 2014, so at this time they say building the pipeline will have no impact on gas prices going down but very much going up. Although, House Speaker John Boehner states on February 17, 2012 “House GOP acts to address rising gas prices”. The Keystone XL Pipeline would carry about 1.1 Million Barrels per day, but has depressed the price of crude oil in the Midwest. Philip K. Verleger, who owns PKVerleger LLC also known as Limited Liability Corporation out in Delaware, argues about the pipeline would increase gasoline prices in the upper Midwest. The amount of the price being raised is from 5 to 10 cents a gallon.
What also is very interesting, the fact that TransCanada is in fact “Sheet on the Keystone XL Pipeline” although, this makes no claims about the prices decreasing, but also, they state it doesn’t look as if the pricing are increasing either. The prices on a global level are set in motion and it will not change just because the Keystone XL Pipeline bill has been approved and is in process of being built.
So to answer the above questions: Who loves money? – Unfortunately, everyone loves money; however not everyone could afford gas if prices continue to go up.
Who enjoys paying for gas at a low cost? – I would hope everyone… Since a vehicle, a plane, and even a boat will consume gas, everyone has already involved themselves in the new economic ways. We no longer ride bicycles to get us to the store, so why not enjoy a few cents this pipeline COULD benefit us.
On another note: Rep. Upton says the pipeline will have an impact on the prices being lowered, but experts say could. We the people will just have to wait and see what happens, and how much this project is going to save us or cost us.
http://www.washingtonpost.com/blogs/fact-checker/post/will-the-keystone-xl-pipeline-lower-gasoline-prices/2012/03/01/gIQAtWkXlR_print.html
Workers are under trained in the United States
In the United States workers are under trained and overpaid unless they increase their skill levels to exceed those of competitors in other countries. Eventually international business pressures could reduce American wages to those of other countries. No one wants to see wages decline but at the same time thousands of jobs in American manufacturing companies go begging because no workers with the skills to fill them can be found.
There are good qualities training programs to be found and can substantially increase the skills of American Manufacturing workers. However; manufacturers could help themselves by providing a quality training program. Just remember, reward your employees for their efforts lest they find themselves worth more than are earning and move on to another manufacturer.
Source: VMA Magazine
Where will Russia’s Gas go?
In my opinion, Russia has so much gas, more than the USA- but no one wants to drill there. Another example is Alaska. Alaska has an abundant amount of gas- but too beautiful to start drilling. I also read that Exxon is investing almost $2 Billion in Russia to explore for oil in the Arctic; this should create thousands of jobs for our Russian friends, sadly not for us Americans.
“Emerging right from beneath the shore’s wet sand are pipes that will carry gas from distant Western Siberia to Lubmin, Germany starting in November. The Nord Stream pipeline is laid deep undersea. The underwater part alone, stretching from Russia’s Vyborg to Lubmin, measures 1,224 kilometres. After that, gas produced in wells of the Ob River Basin is pumped through other pipelines for a few thousand more kilometres. “
“Russia is rapidly creating new routes to deliver its gas. The Nord Stream was the first major gas pipeline built to Europe after the collapse of the Soviet Union. It bypasses all traditional transit countries to the north, thus avoiding associated risks. Next in line is the construction of the South Stream, a pipeline leading to Europe that would take the south bypass.”
Read more at: http://indrus.in/articles/2011/10/26/freedom_to_choose_the_destination_for_russian_gas_13170.html
Eagle Ford Shale = More Jobs?
Yes, we have all heard that Texas is the state where all the oil is and how Eagle Ford Shale is producing more jobs. What we haven’t heard is how drilling and fabrication companies are coming back in the Pennsylvania area because of the Marcellus Shale!
“In January through August
of this year, 1,242 wells were drilled into the Marcellus Shale in Pennsylvania alone. That's why the French company Vallourec is building a new $650 million mill in Youngstown. The green-roofed facility is huge — about 1 million square feet. Production is expected to begin in a few months, but already the Brier Hill neighborhood is perking back up. Around the region, you can find many stories of businesses doing well because of the drilling boom — especially in Pennsylvania”
“Pennsylvania's Department of Labor and Industry collects specific data on how many people have been hired because of the natural-gas drilling boom. Hiring for "core-related industries" has spiked from, 501 in 2008 to 11,913 this year.”
Read More : http://www.npr.org/2011/10/13/141139535/gas-drilling-boom-brings-new-life-to-steel-industry
Global Valve & Controls
Global Valve and Controls
(GVC) is a growing manufacturer of flow control products tailored to meet the
needs of various industry requirements with the primary focus being within the
petrochemical and oil and gas industry. GVC provides one of the most
comprehensive product lines of valve product offerings to accommodate and
service the Upstream, Midstream, and Downstream market segments. GVC
continues to make strides in elevating our company beyond industry standards
and customer expectations by consistently providing superior quality,
maintaining expansive inventory levels, and immediately responsiveness to
customer needs.
Finish products of valves in
inventory has been a key contributing factor to the growth and success of
Global Valve and Controls, the technical sales and engineering team at GVC is
ready to provide engineered solutions customized and tailored to meet your
needs as a client. Ranging from ANSI 150 through 2500 fully
automated valve packages, soft seated valves (Trunnion and floating design),
metal seated valves, fugitive emission solutions, control packages, various
valve coating solutions, and Build-to-Order, Global Valve and Controls has the
right valve to meet or exceed your requirements. Global Valve and Controls
expertise in valve manufacturing is backed by a management team with over 35
years collectively serving the Energy and Oil and Gas industries.
Our expansive product range
consist of ball valves (Trunnion and floating design) check valves, gate
valves, globe valves, needle valves, and rotary 1/4 turn scotch yoke and rack
in pinion actuators. Global Valve and Controls’ global network of
manufacturing facilities are in compliance with ISO 9001 and API 6D standards.
Oil & Gas Industry BOOMING for Recent College Grads
“College graduates are a hot commodity in the oil and gas industry. As demand for oil and gas continues to rise, the industry looks to the next generation of geoscientists and engineers to solve the energy issues of tomorrow. Through advanced internship programs, concentrated college recruitment campaigns, extensive training curricula and open-communication mentoring, oil and gas companies are ensuring the future of the industry.
There are a number of reasons why the need is so great for new talent in the oil and gas industry.”
. As mentioned in the article (http://www.oilgrads.com/artRecruitNextGen.asp) Majority of all the baby boomers are occupying all the top job spots in this industry and while they are getting older and ready to retire, the young generation needs to be getting trained to fill their position once they are gone.
Many companies will recruit students by giving them an internship as well as educating them about the company. In this article they discuss how companies will participate in School College Fairs, where it is easier for the students to come and find out more information about the company. Companies also offer volunteer work, where one may do physical work such as drilling or general office admin. Both ways are great learning opportunities for the students.
“Many companies have developed intricate internship programs, hiring directly out of these pools of students after they graduate”
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