The document discusses the supply and demand factors influencing the price of oil. On the supply side, while US production has increased, Saudi Arabia has refused to cut production to maintain market share. Lower oil prices have decreased US drilling but production has remained high by focusing on productive acreage and lowering costs. Global supply continues to outpace demand. On the demand side, demand is still growing overall though concerns over China and the global economy have increased negative sentiment. The future path of oil prices remains uncertain but oversupply is seen as unsustainable without a decline in global demand.
The document discusses simultaneous changes in demand and supply for bacon in Alberta. It begins by showing the original supply and demand curves for bacon, with an equilibrium price of $5.25 per kilo and quantity of 13-14 units. It then provides examples of factors that could increase demand or supply. It explains that when both increase or decrease, quantity traded will change in a determinate direction but price may be indeterminate. When demand increases and supply decreases, or vice versa, price will change in a determinate direction but quantity may be indeterminate. The key effects of simultaneous demand and supply changes on price and quantity are summarized.
Gold prices have failed to retake key support levels and remain below former uptrends from 2019, 2020, and 2021. Fundamental conditions for gold are unfavorable in the near-term as US Treasury yields and real yields rise, acting as a headwind for gold. Technical indicators on daily, weekly, and monthly charts show gold in a bearish posture with momentum declining. While retail traders remain net-long, their positioning is less extreme than in previous weeks, suggesting the current downtrend in gold prices may soon reverse higher.
Gold prices fell last week as Treasury yields rose after the FOMC meeting signaled rate hikes may begin in 2022. Investors favored the US dollar over gold. This week, markets will watch the PCE inflation data and initial jobless claims for signals about the strength of inflation and the labor market, which could impact expectations for Fed policy and Treasury yields. Gold has been in a downtrend recently as yields rise, facing resistance around $1835.
This weekly report from Epic Research provides analysis and trading strategies for commodities on the MCX exchange. It summarizes recent price movements in base metals, precious metals, and crude oil. It then provides technical analysis charts and trading recommendations, with buy and sell triggers, targets, and stop losses, for gold, silver, copper, and crude oil on MCX for the coming week. The report concludes with a disclaimer about the risks of trading and a contact for the research firm.
Low oil prices are negatively impacting Russia's economy. Russia relies heavily on oil exports, and has lost $100 billion due to falling prices, which some believe was intentionally caused by Saudi Arabia and the U.S. to pressure Russia. The low prices are leading Russia into recession as its growth forecasts decline and interest rates rise. Russia needs to diversify its economy beyond oil and improve foreign investment to become less vulnerable in the future.
This daily newsletter from TheEquicom provides market summaries and analysis for commodities such as gold, silver, crude oil, natural gas, and base metals. Recent declines in gold and silver prices are attributed to signs of economic recovery in the US and hints from the US Federal Reserve that quantitative easing measures may end next year. Crude oil and base metal prices are expected to consolidate with potential resistance and support levels provided. The newsletter concludes with commodity spot prices, economic calendar, and disclaimer.
The Pakistani rupee recently fell sharply against the US dollar, losing almost 5% of its value. This devaluation was unexpected as the outgoing Finance Minister and Central Bank Governor had both recently claimed the currency was near its equilibrium value. However, the widening fiscal and trade deficits increased pressure on the rupee. While short term exports may increase if energy supplies are stable, higher import costs and debt repayments will likely fuel inflation in the long run. The interim government must ensure transparency around any short term debt agreements made with China to stabilize the currency.
The document discusses the supply and demand factors influencing the price of oil. On the supply side, while US production has increased, Saudi Arabia has refused to cut production to maintain market share. Lower oil prices have decreased US drilling but production has remained high by focusing on productive acreage and lowering costs. Global supply continues to outpace demand. On the demand side, demand is still growing overall though concerns over China and the global economy have increased negative sentiment. The future path of oil prices remains uncertain but oversupply is seen as unsustainable without a decline in global demand.
The document discusses simultaneous changes in demand and supply for bacon in Alberta. It begins by showing the original supply and demand curves for bacon, with an equilibrium price of $5.25 per kilo and quantity of 13-14 units. It then provides examples of factors that could increase demand or supply. It explains that when both increase or decrease, quantity traded will change in a determinate direction but price may be indeterminate. When demand increases and supply decreases, or vice versa, price will change in a determinate direction but quantity may be indeterminate. The key effects of simultaneous demand and supply changes on price and quantity are summarized.
Gold prices have failed to retake key support levels and remain below former uptrends from 2019, 2020, and 2021. Fundamental conditions for gold are unfavorable in the near-term as US Treasury yields and real yields rise, acting as a headwind for gold. Technical indicators on daily, weekly, and monthly charts show gold in a bearish posture with momentum declining. While retail traders remain net-long, their positioning is less extreme than in previous weeks, suggesting the current downtrend in gold prices may soon reverse higher.
Gold prices fell last week as Treasury yields rose after the FOMC meeting signaled rate hikes may begin in 2022. Investors favored the US dollar over gold. This week, markets will watch the PCE inflation data and initial jobless claims for signals about the strength of inflation and the labor market, which could impact expectations for Fed policy and Treasury yields. Gold has been in a downtrend recently as yields rise, facing resistance around $1835.
This weekly report from Epic Research provides analysis and trading strategies for commodities on the MCX exchange. It summarizes recent price movements in base metals, precious metals, and crude oil. It then provides technical analysis charts and trading recommendations, with buy and sell triggers, targets, and stop losses, for gold, silver, copper, and crude oil on MCX for the coming week. The report concludes with a disclaimer about the risks of trading and a contact for the research firm.
Low oil prices are negatively impacting Russia's economy. Russia relies heavily on oil exports, and has lost $100 billion due to falling prices, which some believe was intentionally caused by Saudi Arabia and the U.S. to pressure Russia. The low prices are leading Russia into recession as its growth forecasts decline and interest rates rise. Russia needs to diversify its economy beyond oil and improve foreign investment to become less vulnerable in the future.
This daily newsletter from TheEquicom provides market summaries and analysis for commodities such as gold, silver, crude oil, natural gas, and base metals. Recent declines in gold and silver prices are attributed to signs of economic recovery in the US and hints from the US Federal Reserve that quantitative easing measures may end next year. Crude oil and base metal prices are expected to consolidate with potential resistance and support levels provided. The newsletter concludes with commodity spot prices, economic calendar, and disclaimer.
The Pakistani rupee recently fell sharply against the US dollar, losing almost 5% of its value. This devaluation was unexpected as the outgoing Finance Minister and Central Bank Governor had both recently claimed the currency was near its equilibrium value. However, the widening fiscal and trade deficits increased pressure on the rupee. While short term exports may increase if energy supplies are stable, higher import costs and debt repayments will likely fuel inflation in the long run. The interim government must ensure transparency around any short term debt agreements made with China to stabilize the currency.
Steering into the Storm: O&G Economic OutlookWorkforceNEXT
A proverbial 100-year storm has disrupted positive trend lines the O&G industry once took for granted. Understanding the storm’s characteristics and path is essential for survival. High level economic realities of the new O&G paradigm will be explored, with a focus on oil markets, oilfield activity, and workforce trends.
On the Price of Oil - May 2016 Hanke Globe Asia (1)Anshul Subramanya
The price of oil collapsed from $108/bbl in June 2014 to $26/bbl in February 2016 due to a supply surge led by increased US production through fracking and horizontal drilling that exceeded production increases in OPEC countries except Saudi Arabia. Political instability in Saudi Arabia encourages rapid exploitation of oil reserves due to uncertain property rights increasing discount rates. Analyzing the historical oil-gold price ratio, the author predicts oil prices will mean revert to $60/bbl by March 2017 as supply and demand adjust the ratio back toward its long-term average.
150512 | Industrie & Energie | Is Saudi Arabia still ruling the OPEC? | Prese...Flevum
OPEC, led by Saudi Arabia, has flooded the market with oil, causing prices to drop from $115 to $65 per barrel since June 2014. This was likely a strategic move to maintain market share and discourage production from US shale and other sources. However, many OPEC members need higher prices around $100 to balance their budgets without cutting spending. With US tight oil production rising and global demand weaker, it is uncertain whether OPEC can easily control prices going forward.
This document summarizes several articles from the January 2015 issue of OilVoice Magazine. The articles discuss topics such as the recent crash in oil prices, OPEC's strategy in maintaining production levels, the impact of low oil prices on US production, and potential energy surprises for 2015 including a possible decline in US oil and gas production if prices remain low. One article proposes that the US could fight back against OPEC by implementing an oil import tariff, but predicts the US will not take this action.
Financial Algorithms presents the energy trading scenario for the year 2016. In this presentation, after examining various fundamental factors in energy sector, FA forecasts the crude oil price, gasoline & natural gas price levels for the year 2016; in case of mean volatility levels and high volatility levels, both. FA also focuses on how to model price levels and volatility surfaces in low volatility and high volatility scenarios under forward & forward-forward models using various energy contracts and spreads i.e. crack spread. Various greek sensitivities including second order & third order greeks, which can be helpful in projecting the price & volatility levels, are also described. At the end, correlation factors, fundamental & technical both, are discussed. These correlation factors are exogenous in price forecasting, and new emerging trends which can affect the energy trading in a long run also been discussed.
Moderator: Harry Harrison, Director of Construction Process Plants and Industrial Business Unit, Wood Group Mustang
Panelists: Daniel Groves, CEO, Construction Labor Market Analyzer (CLMA); Roger Gossett, President, JV Driver Group
Many projects experience failures that result in poor project delivery performance or process capacity/reliability degradations after commissioning
Many studies have shown that 60% to 95% of equipment life cycle costs (TLCC) are a result of decisions made (in CAPEX) prior to handover/start-up and transfer to owners (maintenance or operations) in OPEX
Wouldn’t it make common sense to manage the risk of CAPEX project failures in advance and address equipment life cycle decisions in (CAPEX) rather than after commission handover phase (OPEX)?
Shouldn't owners "invest" in project success "insurance" to help ensure that these multi-billion dollar projects are delivered as they were intended?
Nichols is the editor/associate publisher of Hydrocarbon Processing magazine. At present, he manages all content and business development for Hydrocarbon Processing, as well as data/content for Gulf Publishing Company’s Data Division. This includes all data content for Hydrocarbon Processing’s Construction Boxscore Database, annual Market Data Book and US Gas Plant Directory.
Upstream Bust Meets Downstream Boom in Houston: The East Side Earns Some RespectEnergy Construction Forum
The oil price question is dominant for Houston’s economic outlook. Oil, and the timing of a recovery of oil markets, dominates the conversation today. In this presentation, we will see that oil is both helping and hurting right now. The drilling bust is the big negative, damaging the west side of Houston. Meanwhile, a less noticed energy boom is underway on the east side of town – $50 billion in construction of refining, petrochemical and liquefaction plants.
Attendees will get a better understanding of:
Where we have come from, and where we stand today
(5 past and present scenarios)
Houston job growth during 2015
(including losses or gains by sector)
The impact on Houston’s economy in 2016 if oil remains weak
Factors weighing on world oil markets
What the future’s market thinks about where WTI oil price is headed
How Houston’s downstream boom offsets the upstream bust
With the unprecedented build out of petrochemical facilities in the US amid collapsing crude and product prices, what marketplace will new supplies face both domestically and globally? What are the challenges for petrochemical facilities still in the planning stages? Meanwhile, how long can robust gasoline demand keep aromatics prices afloat and what challenges lie ahead for US refiners?
Attendees will get a better understanding of:
The extent of US petrochemical supply growth
How current price weakness could impact infrastructure plans
The impact of global markets on US exports and US domestic competitiveness
Why energy construction companies need to keep an eye out for all the above, how these developments will impact their business and how keeping in the loop of these developments could help them make better informed business decisions
Techniques for developing a cost-effective expansion will be presented. The key is advanced planning and evaluating constructability. The limiting large equipment capacity will be determined using process heat and material balance simulations and rating of the equipment. Once bottlenecks are determined, the rest of the facility can be revamped. Heat pinch will be used in the heat exchanger trains as heat input is usually the limiting item. A crude, vacuum and delayed coker complex expansion will be provided as an example.
Attendees will be provided with a step-by-step procedure on how to get more capacity, reduce energy usage or improve product quality from a unit or complex. Process simulations, equipment rating by computer evaluations, hydraulics, cost-estimates at the fel-0 conceptual, fel-1 factored and fel-2 take-off level will be provided. A process complex featuring three different types of units will be used as an example.
North America Crude Price Differentials: What do they Mean for Refiners and R...Energy Construction Forum
The document discusses the impact of lifting the US crude oil export ban on the US refining industry and investments. It finds that improving pipeline infrastructure and the ability to export US oil has reduced discounts for US crude oil. While discounts on light US crude have decreased, heavy Canadian crude is still discounted. US refineries remain competitive globally due to cheap natural gas and economies of scale. However, some proposed expansions to process light crude and condensate from shale may be cancelled as US crude supply declines and can now be exported.
Managers of complex energy projects struggle with delivering project performance even with implementing proven project management practices, including change management, risk management, and interface management. This presentation discusses a new approach that gives project teams a higher level of oversight, enabling more informed decisions and leading to improved project efficiency.
This presentation will highlight the major causes of cost overrun in megaprojects, and, with a focus on interface management as a recently adopted best practice, it will discuss:
The features and elements of interface management best practice,
Its correlation with other management practices, and
How these practices can be connected to interface management in a novel way to boost project compliance and efficiency.
Managing with Certainty Through Unprecedented Construction Resource Shortage Energy Construction Forum
The slate of new industrial projects on the Gulf Coast is unprecedented. A huge influx of new workers will need to be brought into the construction industry. Projects can go two ways – a disaster to cost, schedule, safety and human life or be successful by following these suggested common principles.
Next Generation of Front End Construction Driven Planning Provides Solutions ...Energy Construction Forum
Workforce planning (WFP) is an iterative, interactive, collaborative planning by operations, construction, engineering, information management, contracting and procurement that aligns engineering and procurement to support field execution and start-up. It improves predictability of cost and schedule based on attainment of productivity and progress targets.
Focused on owner and contractor organizations, this presentation highlights considerations for readiness and deployment of WFP, including prerequisites for success, key roles, KPIs, and barriers to implementation.
Keynote Address: How to Transform the Construction Industry for the 22nd CenturyEnergy Construction Forum
This document outlines 10 strategies for the construction industry in the 22nd century. It argues that the industry needs to focus on business value over projects, embrace continuous planning over stage gates, match project types to asset classes, invest in R&D to avoid commoditization, pursue modularization and robotics/automation, redefine business ecosystems, improve project controls methods, embrace relational contracting, and be frank about optimizing safety. The overarching goal is for the construction industry to innovate in order to succeed in the future.
Contractor Track: Need for Speed - Project Acceleration, Tech Trends, Logisti...Energy Construction Forum
This document discusses passive fire protection materials and their application in a shop setting. It begins with an overview of the three main types of passive fire protection: high density concrete, light weight cementitious materials, and epoxy intumescent coatings. It then focuses on the application process for epoxy intumescent coatings in a shop, including a five day application schedule. Finally, it discusses factors that affect the total installed cost, such as reduced transportation and field installation costs when applied in a shop versus in the field.
Contractor Track: Need for Speed - Project Acceleration, Tech Trends, Logisti...Energy Construction Forum
This presentation discusses driving capital projects in oil and gas to best-in-class execution. Global investment in oil and gas projects over the next two decades is anticipated to be in the trillions. However, many projects historically face cost overruns and schedule delays. Both internal factors like planning and external factors like regulations can impact projects. Operators can improve performance through standardized modularization, new business models, collaboration, and innovation to reduce risks and potentially accelerate projects.
Contractor Track: Need for Speed - Project Acceleration, Tech Trends, Logisti...Energy Construction Forum
This document discusses safety considerations for the Need for Speed project. It outlines OSHA regulations regarding workplace safety hazards and the "general duty clause." Nearly 60% of construction fatalities are due to falls, struck by object, electrocutions, and caught-in/between incidents. The document recommends developing a safety plan with training, hazard prevention, and an injury prevention program. It also provides guidance on reporting safety incidents, dealing with multi-employer sites and temporary workers, and responding to OSHA inspections or citations if issued.
Steering into the Storm: O&G Economic OutlookWorkforceNEXT
A proverbial 100-year storm has disrupted positive trend lines the O&G industry once took for granted. Understanding the storm’s characteristics and path is essential for survival. High level economic realities of the new O&G paradigm will be explored, with a focus on oil markets, oilfield activity, and workforce trends.
On the Price of Oil - May 2016 Hanke Globe Asia (1)Anshul Subramanya
The price of oil collapsed from $108/bbl in June 2014 to $26/bbl in February 2016 due to a supply surge led by increased US production through fracking and horizontal drilling that exceeded production increases in OPEC countries except Saudi Arabia. Political instability in Saudi Arabia encourages rapid exploitation of oil reserves due to uncertain property rights increasing discount rates. Analyzing the historical oil-gold price ratio, the author predicts oil prices will mean revert to $60/bbl by March 2017 as supply and demand adjust the ratio back toward its long-term average.
150512 | Industrie & Energie | Is Saudi Arabia still ruling the OPEC? | Prese...Flevum
OPEC, led by Saudi Arabia, has flooded the market with oil, causing prices to drop from $115 to $65 per barrel since June 2014. This was likely a strategic move to maintain market share and discourage production from US shale and other sources. However, many OPEC members need higher prices around $100 to balance their budgets without cutting spending. With US tight oil production rising and global demand weaker, it is uncertain whether OPEC can easily control prices going forward.
This document summarizes several articles from the January 2015 issue of OilVoice Magazine. The articles discuss topics such as the recent crash in oil prices, OPEC's strategy in maintaining production levels, the impact of low oil prices on US production, and potential energy surprises for 2015 including a possible decline in US oil and gas production if prices remain low. One article proposes that the US could fight back against OPEC by implementing an oil import tariff, but predicts the US will not take this action.
Financial Algorithms presents the energy trading scenario for the year 2016. In this presentation, after examining various fundamental factors in energy sector, FA forecasts the crude oil price, gasoline & natural gas price levels for the year 2016; in case of mean volatility levels and high volatility levels, both. FA also focuses on how to model price levels and volatility surfaces in low volatility and high volatility scenarios under forward & forward-forward models using various energy contracts and spreads i.e. crack spread. Various greek sensitivities including second order & third order greeks, which can be helpful in projecting the price & volatility levels, are also described. At the end, correlation factors, fundamental & technical both, are discussed. These correlation factors are exogenous in price forecasting, and new emerging trends which can affect the energy trading in a long run also been discussed.
Moderator: Harry Harrison, Director of Construction Process Plants and Industrial Business Unit, Wood Group Mustang
Panelists: Daniel Groves, CEO, Construction Labor Market Analyzer (CLMA); Roger Gossett, President, JV Driver Group
Many projects experience failures that result in poor project delivery performance or process capacity/reliability degradations after commissioning
Many studies have shown that 60% to 95% of equipment life cycle costs (TLCC) are a result of decisions made (in CAPEX) prior to handover/start-up and transfer to owners (maintenance or operations) in OPEX
Wouldn’t it make common sense to manage the risk of CAPEX project failures in advance and address equipment life cycle decisions in (CAPEX) rather than after commission handover phase (OPEX)?
Shouldn't owners "invest" in project success "insurance" to help ensure that these multi-billion dollar projects are delivered as they were intended?
Nichols is the editor/associate publisher of Hydrocarbon Processing magazine. At present, he manages all content and business development for Hydrocarbon Processing, as well as data/content for Gulf Publishing Company’s Data Division. This includes all data content for Hydrocarbon Processing’s Construction Boxscore Database, annual Market Data Book and US Gas Plant Directory.
Upstream Bust Meets Downstream Boom in Houston: The East Side Earns Some RespectEnergy Construction Forum
The oil price question is dominant for Houston’s economic outlook. Oil, and the timing of a recovery of oil markets, dominates the conversation today. In this presentation, we will see that oil is both helping and hurting right now. The drilling bust is the big negative, damaging the west side of Houston. Meanwhile, a less noticed energy boom is underway on the east side of town – $50 billion in construction of refining, petrochemical and liquefaction plants.
Attendees will get a better understanding of:
Where we have come from, and where we stand today
(5 past and present scenarios)
Houston job growth during 2015
(including losses or gains by sector)
The impact on Houston’s economy in 2016 if oil remains weak
Factors weighing on world oil markets
What the future’s market thinks about where WTI oil price is headed
How Houston’s downstream boom offsets the upstream bust
With the unprecedented build out of petrochemical facilities in the US amid collapsing crude and product prices, what marketplace will new supplies face both domestically and globally? What are the challenges for petrochemical facilities still in the planning stages? Meanwhile, how long can robust gasoline demand keep aromatics prices afloat and what challenges lie ahead for US refiners?
Attendees will get a better understanding of:
The extent of US petrochemical supply growth
How current price weakness could impact infrastructure plans
The impact of global markets on US exports and US domestic competitiveness
Why energy construction companies need to keep an eye out for all the above, how these developments will impact their business and how keeping in the loop of these developments could help them make better informed business decisions
Techniques for developing a cost-effective expansion will be presented. The key is advanced planning and evaluating constructability. The limiting large equipment capacity will be determined using process heat and material balance simulations and rating of the equipment. Once bottlenecks are determined, the rest of the facility can be revamped. Heat pinch will be used in the heat exchanger trains as heat input is usually the limiting item. A crude, vacuum and delayed coker complex expansion will be provided as an example.
Attendees will be provided with a step-by-step procedure on how to get more capacity, reduce energy usage or improve product quality from a unit or complex. Process simulations, equipment rating by computer evaluations, hydraulics, cost-estimates at the fel-0 conceptual, fel-1 factored and fel-2 take-off level will be provided. A process complex featuring three different types of units will be used as an example.
North America Crude Price Differentials: What do they Mean for Refiners and R...Energy Construction Forum
The document discusses the impact of lifting the US crude oil export ban on the US refining industry and investments. It finds that improving pipeline infrastructure and the ability to export US oil has reduced discounts for US crude oil. While discounts on light US crude have decreased, heavy Canadian crude is still discounted. US refineries remain competitive globally due to cheap natural gas and economies of scale. However, some proposed expansions to process light crude and condensate from shale may be cancelled as US crude supply declines and can now be exported.
Managers of complex energy projects struggle with delivering project performance even with implementing proven project management practices, including change management, risk management, and interface management. This presentation discusses a new approach that gives project teams a higher level of oversight, enabling more informed decisions and leading to improved project efficiency.
This presentation will highlight the major causes of cost overrun in megaprojects, and, with a focus on interface management as a recently adopted best practice, it will discuss:
The features and elements of interface management best practice,
Its correlation with other management practices, and
How these practices can be connected to interface management in a novel way to boost project compliance and efficiency.
Managing with Certainty Through Unprecedented Construction Resource Shortage Energy Construction Forum
The slate of new industrial projects on the Gulf Coast is unprecedented. A huge influx of new workers will need to be brought into the construction industry. Projects can go two ways – a disaster to cost, schedule, safety and human life or be successful by following these suggested common principles.
Next Generation of Front End Construction Driven Planning Provides Solutions ...Energy Construction Forum
Workforce planning (WFP) is an iterative, interactive, collaborative planning by operations, construction, engineering, information management, contracting and procurement that aligns engineering and procurement to support field execution and start-up. It improves predictability of cost and schedule based on attainment of productivity and progress targets.
Focused on owner and contractor organizations, this presentation highlights considerations for readiness and deployment of WFP, including prerequisites for success, key roles, KPIs, and barriers to implementation.
Keynote Address: How to Transform the Construction Industry for the 22nd CenturyEnergy Construction Forum
This document outlines 10 strategies for the construction industry in the 22nd century. It argues that the industry needs to focus on business value over projects, embrace continuous planning over stage gates, match project types to asset classes, invest in R&D to avoid commoditization, pursue modularization and robotics/automation, redefine business ecosystems, improve project controls methods, embrace relational contracting, and be frank about optimizing safety. The overarching goal is for the construction industry to innovate in order to succeed in the future.
Contractor Track: Need for Speed - Project Acceleration, Tech Trends, Logisti...Energy Construction Forum
This document discusses passive fire protection materials and their application in a shop setting. It begins with an overview of the three main types of passive fire protection: high density concrete, light weight cementitious materials, and epoxy intumescent coatings. It then focuses on the application process for epoxy intumescent coatings in a shop, including a five day application schedule. Finally, it discusses factors that affect the total installed cost, such as reduced transportation and field installation costs when applied in a shop versus in the field.
Contractor Track: Need for Speed - Project Acceleration, Tech Trends, Logisti...Energy Construction Forum
This presentation discusses driving capital projects in oil and gas to best-in-class execution. Global investment in oil and gas projects over the next two decades is anticipated to be in the trillions. However, many projects historically face cost overruns and schedule delays. Both internal factors like planning and external factors like regulations can impact projects. Operators can improve performance through standardized modularization, new business models, collaboration, and innovation to reduce risks and potentially accelerate projects.
Contractor Track: Need for Speed - Project Acceleration, Tech Trends, Logisti...Energy Construction Forum
This document discusses safety considerations for the Need for Speed project. It outlines OSHA regulations regarding workplace safety hazards and the "general duty clause." Nearly 60% of construction fatalities are due to falls, struck by object, electrocutions, and caught-in/between incidents. The document recommends developing a safety plan with training, hazard prevention, and an injury prevention program. It also provides guidance on reporting safety incidents, dealing with multi-employer sites and temporary workers, and responding to OSHA inspections or citations if issued.
This document summarizes a presentation on talent needs and dynamics in the Gulf Coast energy construction industry from 2015-2017. It discusses the large amount of planned LNG and petrochemical projects in the region, and how lower oil prices are impacting demand for certain talent. It emphasizes the importance of developing a holistic HR strategy to attract, retain, and manage talent over the lifespan of large projects in order to gain competitive advantage. Specific strategies discussed include tailored bonus programs, training initiatives, promoting local hiring and community engagement.
Project Management Track: Lean Projects, Cost Controls, Price Forecasts, & Re...Energy Construction Forum
This document discusses best practices for project controls in the energy sector. It begins by introducing the speaker and background of the company. It then defines best practices as consistent processes that achieve optimal results. The document outlines how organization, processes, and systems can both defeat and enable best practices. When defeated, practices include misaligned budgets and estimates, manual data entry, and a lack of visibility for managers. When enabled, practices include integrated change control, automatic scheduling and cost integration, and a project controls system that eliminates duplicate data entry and provides managers full visibility.
The document discusses major construction projects along the US Gulf Coast through 2025, totaling over $1 trillion in investments. It outlines significant new downstream projects in refining, gas processing, LNG exports and petrochemicals. The Gulf Coast is expected to capture 65% of total US downstream investments through 2025, driven by a surge in ethylene, methanol and propylene projects.
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...my Pandit
Dive into the steadfast world of the Taurus Zodiac Sign. Discover the grounded, stable, and logical nature of Taurus individuals, and explore their key personality traits, important dates, and horoscope insights. Learn how the determination and patience of the Taurus sign make them the rock-steady achievers and anchors of the zodiac.
buy old yahoo accounts buy yahoo accountsSusan Laney
As a business owner, I understand the importance of having a strong online presence and leveraging various digital platforms to reach and engage with your target audience. One often overlooked yet highly valuable asset in this regard is the humble Yahoo account. While many may perceive Yahoo as a relic of the past, the truth is that these accounts still hold immense potential for businesses of all sizes.
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...my Pandit
Explore the fascinating world of the Gemini Zodiac Sign. Discover the unique personality traits, key dates, and horoscope insights of Gemini individuals. Learn how their sociable, communicative nature and boundless curiosity make them the dynamic explorers of the zodiac. Dive into the duality of the Gemini sign and understand their intellectual and adventurous spirit.
Recruiting in the Digital Age: A Social Media MasterclassLuanWise
In this masterclass, presented at the Global HR Summit on 5th June 2024, Luan Wise explored the essential features of social media platforms that support talent acquisition, including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok.
Structural Design Process: Step-by-Step Guide for BuildingsChandresh Chudasama
The structural design process is explained: Follow our step-by-step guide to understand building design intricacies and ensure structural integrity. Learn how to build wonderful buildings with the help of our detailed information. Learn how to create structures with durability and reliability and also gain insights on ways of managing structures.
2. WhatA Long, StrangeTrip
• The past year has been a tumultuous one for energy prices, even by
their historically wild standard
• After a period of relative quiescence, oil prices cratered starting in
July, 2014
• Where do we go from here?
• If I knew that, I’d be lounging on a yacht that would make a Russian
oligarch jealous
5. The Boom-Bust-MiniBoom-Bust
• Story pretty well-known: unprecedented demand shock, primarily
EM/Chinese in origin, ran up against stagnant supply, particularly in
energy: booming prices resulted
• Forces originating primarily in the developing world, namely the
GFC, caused demand to plunge, resulting in a stunning price bust
• Prices recovered along with the world economy, and stimulus in
China was particularly favorable to a price rebound
• Prices remained relatively flat 2010-2015. Unprecedented low
volatility in FH 2015.
6. The Bottom Falls Out
• The price collapse since mid-2014 is historic
• Widely blamed on surging US supply, but US and world supply
growth did not exhibit a pronounced increase
• Likely culprits: demand decline (particularly in China), and perhaps
anticipated future demand decline & supply increase
• Note other China-driven commodities, namely iron ore & coal, also
have experienced substantial price declines
• Swelling inventories, especially in US
7. Disregard ConspiracyTheories
• One commonly heard theme is that SaudiArabia engineered the price
collapse in order to drive out US shale producers
• Saudis did not increase output dramatically as they did in‘86: KSA
output basically flat
• Given KSA market share and elasticity of oil demand, maintaining
output profit maximizing
• Predatory pricing strategies almost never work, and the Saudis know
this
• The oil & the expertise aren’t going anywhere: prices go back up, and
shale E&P will rebound
8. Whither Demand?
(Or is itWither Demand?)
• This means that the future course of oil prices will depend on
demand, and that will depend primarily on China
• That, in turn, depends crucially on Chinese policy
• Will China successfully transition to a new, less resource-intensive
growth model?
• In two out of three alternatives (successful transition, failed transition
leading to a hard landing) commodity demand growth will drop,
perhaps precipitously (and even decline)
• In the third alternative (unsuccessful transition, continued reliance on
credit stimulus) the growth will continue . . . For a while
9.
10.
11. WillWe See $100/bbl again?
• Many say the era of $100 oil is over: but the same people used to say
the era of $100 oil would never end, so . . .
• Given extreme short-run elasticity of supply, the variability of
demand, and the susceptibility of production to geopolitical risks, oil
will always be vulnerable to both spikes and collapses
• That said, the shale revolution has changed the fundamentals
significantly: supply more elastic and flexible.The long run happens
sooner
• Will productivity continue to surge?Will there be an analog to
Moore’s Law in Oil? (Color me hopeful.)Will shale production
migrate outside NorthAmerica? (Color me skeptical.)