From Upstream to Downstream: Opportunities and Challenges for RailPLG Consulting
With unprecedented highs in crude, NGL, and natural gas production, the US is leveraging abundant and low-cost hydrocarbons to become one of the largest energy and chemicals suppliers to the world. PLG Consulting’s CEO Graham Brisben details why this is happening and what it means for rail shipments and car demand in sand, refined products, chemicals, and other commodities. Download this free presentation given at the Rail Equipment Finance Conference 2019. In it, you’ll discover:
- What’s expected for frac sand rail shipments in 2019
- How small cube hoppers are affecting cars in storage
- The biggest stories that represent potential new rail volumes/tank car demand
- The forecast for shale-driven industrial investment
Frac Sand Market and Logistics, Plus Special Report on Permian Takeaway Logis...PLG Consulting
Frac sand supply was barely keeping up with growing demand in the 2nd quarter 2018. What changed in Q3? Was the number of Permian mines expanding or shrinking? What was happening to sand prices? Get these answers and more in this free presentation.
PLG President Taylor Robinson presented at the Crude Oil Transportation 2014 conference in Calgary, Alberta on September 3, 2014. Mr. Robinson’s analysis focused on comparing the crude by rail model created in the Bakken over the past five years with the new and quickly evolving Western Canadian model. As well, the potential impact of U.S. DOT regulatory changes are shared in the presentation.
North American Oil & Gas and Petrochemical Supply Chain: Latest Impact to RailPLG Consulting
With the current news cycle, keeping well-informed about the petrochemical, oil and gas industries can be a full-time job. Executives looking to improve their operations and understand market dynamics should check out this presentation given by PLG Consulting at the Midwest Association of Rail Shippers (MARS) 2018 Summer Meeting, where we covered:
- How oil prices will affect hydrocarbon production
- Key frac sand and logistics trends
- Opportunities for chemical, plastics and crude by rail
- Petrochemical investment forecasts
How Northeast Petrochemical Logistics Will Change The Industry LandscapePLG Consulting
In this presentation, originally given at the Northeast U.S. Petrochemical Conference in the summer of 2018, PLG Consulting covered:
- Development factors and challenges in NE petrochemical production over the next decade and what it means for rail shipments and car demand in sand, refined products, chemicals, and other commodities
- Best practices in petrochemical industry logistics
- Developing logistics and supply chain strategies that lead to a competitive advantage
MARS Meeting Summer 2015-North American Energy Revolution-Implications for RailPLG Consulting
This presentation features an overview of the North American energy market with updates on PLG's Crude by Rail And Frac Sand Market report. PLG's expert analysis included market intelligence on the small covered hopper market and the U.S. industrial expansion from the shale gas production increase.
From Upstream to Downstream: Opportunities and Challenges for RailPLG Consulting
With unprecedented highs in crude, NGL, and natural gas production, the US is leveraging abundant and low-cost hydrocarbons to become one of the largest energy and chemicals suppliers to the world. PLG Consulting’s CEO Graham Brisben details why this is happening and what it means for rail shipments and car demand in sand, refined products, chemicals, and other commodities. Download this free presentation given at the Rail Equipment Finance Conference 2019. In it, you’ll discover:
- What’s expected for frac sand rail shipments in 2019
- How small cube hoppers are affecting cars in storage
- The biggest stories that represent potential new rail volumes/tank car demand
- The forecast for shale-driven industrial investment
Frac Sand Market and Logistics, Plus Special Report on Permian Takeaway Logis...PLG Consulting
Frac sand supply was barely keeping up with growing demand in the 2nd quarter 2018. What changed in Q3? Was the number of Permian mines expanding or shrinking? What was happening to sand prices? Get these answers and more in this free presentation.
PLG President Taylor Robinson presented at the Crude Oil Transportation 2014 conference in Calgary, Alberta on September 3, 2014. Mr. Robinson’s analysis focused on comparing the crude by rail model created in the Bakken over the past five years with the new and quickly evolving Western Canadian model. As well, the potential impact of U.S. DOT regulatory changes are shared in the presentation.
North American Oil & Gas and Petrochemical Supply Chain: Latest Impact to RailPLG Consulting
With the current news cycle, keeping well-informed about the petrochemical, oil and gas industries can be a full-time job. Executives looking to improve their operations and understand market dynamics should check out this presentation given by PLG Consulting at the Midwest Association of Rail Shippers (MARS) 2018 Summer Meeting, where we covered:
- How oil prices will affect hydrocarbon production
- Key frac sand and logistics trends
- Opportunities for chemical, plastics and crude by rail
- Petrochemical investment forecasts
How Northeast Petrochemical Logistics Will Change The Industry LandscapePLG Consulting
In this presentation, originally given at the Northeast U.S. Petrochemical Conference in the summer of 2018, PLG Consulting covered:
- Development factors and challenges in NE petrochemical production over the next decade and what it means for rail shipments and car demand in sand, refined products, chemicals, and other commodities
- Best practices in petrochemical industry logistics
- Developing logistics and supply chain strategies that lead to a competitive advantage
MARS Meeting Summer 2015-North American Energy Revolution-Implications for RailPLG Consulting
This presentation features an overview of the North American energy market with updates on PLG's Crude by Rail And Frac Sand Market report. PLG's expert analysis included market intelligence on the small covered hopper market and the U.S. industrial expansion from the shale gas production increase.
PLG Consulting Predicts Up To 740 Kbpd Of Crude To Be Bottlenecked In The Permian By September Of 2019. Pipeline Capacity In The Permian Basin Is Approaching Maximum Capacity. Even With The Smart And Creative Use Of Crude By Rail (CBR) Or Trucking Logistics, We Predict Takeaway Constraints Will Leave Billions Of Dollars Of Crude In The Ground And Shippers Struggling With Production Over The Next 16 Months.
PLG Consulting "Crude By Rail Report" at RailtrendsPLG Consulting
On November 21, 2013, CEO Graham Brisben presented at Railtrends Conference in New York, NY. Graham’s presentation, entitled “Crude By Rail Report,” is a consolidated version of PLG’s well-known Energy Logistics presentation with an emphasis on the following topics:
• Shale oil and oil sands impacts on crude by rail, new rail terminals, and new pipelines
• Lac Megantic’s effect on crude by rail and the tank car market
• Future crude oil logistics and trading patterns
If you have specific questions on energy related logistics or need strategic advice on the fast changing shale oil and gas industry, contact Graham at gbrisben@plgconsulting.com.
PLG Consulting Appalachian logistics League May 5, 2015PLG Consulting
PLG president, Taylor Robinson spoke on May 5, 2015 at the 65th annual Appalachian Logistics League meeting. Mr. Robinson presentedThe North American Energy Revolution: The Implication for Logistics. The meeting was an opportunity for members to network and discuss the ever changing industry of Supply Chain and Logistics with a primary focus on the impacts to the region.
The Future Has Arrived: Petrochemicals And Energy By Rail | Southwest Rail Sh...PLG Consulting
How is surging hydrocarbons production creating new rail-served energy export opportunities to Mexico? When can we expect the wave of resin rail shipments and exports to begin? How is the US poised to become one of the largest suppliers of energy and chemicals to the world?
PLG Provides Industry Updates to GE CapitalPLG Consulting
On October 15, 2013, PLG CEO Graham Brisben presented to GE Capital in New York, New York. Graham’s presentation addressed transportation updates in the Oil & Gas market which have upended traditional logistics and trading patterns in the energy industry, starting an industrial renaissance in the U.S.
This is the presentation given by AGDC to the Alaska State Legislature Joint Resources Committee on October 16, 2017. Source: http://www.akleg.gov/basis/Meeting/Detail?Meeting=HRES%202017-10-16%2013:00:00#tab4_4
PLG Presents to Midwest Association of Rail ShippersPLG Consulting
On July 9, 2013, CEO Graham Brisben presented PLG’s perspective of the shifting economy by examining the impact of crude by rail in today’s marketplace. More specifically, Graham discussed the impact of shale oil and gas which is upending traditional logistics and trading patterns in the energy industry which has started an industrial renaissance in the U.S.
North American Energy & Petchem Markets-Future Imapct To RailTaylor Robinson
overviews of the North American oil & gas and petrochemical markets, as well as, key insights in the lower 48 shale plays and frac sand basins. The presentation included analysis of the supply and demand of U.S. NGL’s, and impact of the shale gas expansion on projected rail volumes. The topic of Mexican energy reform led the audience into look at specific opportunities south of the border, and ended with a big picture summary by commodity at the rail and railcar markets.
North american energy & Petchem Markets Future Impact to railPLG Consulting
-overviews of the North American oil & gas and petrochemical markets, as well as, key insights in the lower 48 shale plays and frac sand basins. The presentation included analysis of the supply and demand of U.S. NGL’s, and impact of the shale gas expansion on projected rail volumes. The topic of Mexican energy reform led the audience into look at specific opportunities south of the border, and ended with a big picture summary by commodity at the rail and railcar markets.
PLG Consulting Predicts Up To 740 Kbpd Of Crude To Be Bottlenecked In The Permian By September Of 2019. Pipeline Capacity In The Permian Basin Is Approaching Maximum Capacity. Even With The Smart And Creative Use Of Crude By Rail (CBR) Or Trucking Logistics, We Predict Takeaway Constraints Will Leave Billions Of Dollars Of Crude In The Ground And Shippers Struggling With Production Over The Next 16 Months.
PLG Consulting "Crude By Rail Report" at RailtrendsPLG Consulting
On November 21, 2013, CEO Graham Brisben presented at Railtrends Conference in New York, NY. Graham’s presentation, entitled “Crude By Rail Report,” is a consolidated version of PLG’s well-known Energy Logistics presentation with an emphasis on the following topics:
• Shale oil and oil sands impacts on crude by rail, new rail terminals, and new pipelines
• Lac Megantic’s effect on crude by rail and the tank car market
• Future crude oil logistics and trading patterns
If you have specific questions on energy related logistics or need strategic advice on the fast changing shale oil and gas industry, contact Graham at gbrisben@plgconsulting.com.
PLG Consulting Appalachian logistics League May 5, 2015PLG Consulting
PLG president, Taylor Robinson spoke on May 5, 2015 at the 65th annual Appalachian Logistics League meeting. Mr. Robinson presentedThe North American Energy Revolution: The Implication for Logistics. The meeting was an opportunity for members to network and discuss the ever changing industry of Supply Chain and Logistics with a primary focus on the impacts to the region.
The Future Has Arrived: Petrochemicals And Energy By Rail | Southwest Rail Sh...PLG Consulting
How is surging hydrocarbons production creating new rail-served energy export opportunities to Mexico? When can we expect the wave of resin rail shipments and exports to begin? How is the US poised to become one of the largest suppliers of energy and chemicals to the world?
PLG Provides Industry Updates to GE CapitalPLG Consulting
On October 15, 2013, PLG CEO Graham Brisben presented to GE Capital in New York, New York. Graham’s presentation addressed transportation updates in the Oil & Gas market which have upended traditional logistics and trading patterns in the energy industry, starting an industrial renaissance in the U.S.
This is the presentation given by AGDC to the Alaska State Legislature Joint Resources Committee on October 16, 2017. Source: http://www.akleg.gov/basis/Meeting/Detail?Meeting=HRES%202017-10-16%2013:00:00#tab4_4
PLG Presents to Midwest Association of Rail ShippersPLG Consulting
On July 9, 2013, CEO Graham Brisben presented PLG’s perspective of the shifting economy by examining the impact of crude by rail in today’s marketplace. More specifically, Graham discussed the impact of shale oil and gas which is upending traditional logistics and trading patterns in the energy industry which has started an industrial renaissance in the U.S.
North American Energy & Petchem Markets-Future Imapct To RailTaylor Robinson
overviews of the North American oil & gas and petrochemical markets, as well as, key insights in the lower 48 shale plays and frac sand basins. The presentation included analysis of the supply and demand of U.S. NGL’s, and impact of the shale gas expansion on projected rail volumes. The topic of Mexican energy reform led the audience into look at specific opportunities south of the border, and ended with a big picture summary by commodity at the rail and railcar markets.
North american energy & Petchem Markets Future Impact to railPLG Consulting
-overviews of the North American oil & gas and petrochemical markets, as well as, key insights in the lower 48 shale plays and frac sand basins. The presentation included analysis of the supply and demand of U.S. NGL’s, and impact of the shale gas expansion on projected rail volumes. The topic of Mexican energy reform led the audience into look at specific opportunities south of the border, and ended with a big picture summary by commodity at the rail and railcar markets.
PLG president, Taylor Robinson, spoke at the 96th Annual Meeting of the Transportation Research Board in Washington D.C. on January 8th, 2017. Mr. Robinson’s presentation featured an overview of the North American energy market including analysis of the impact of shale NGLs on the downstream, and the outlook for U.S. energy/petchem surface transportation over the next five years.
The Energy Opportunity in Oil & Natural Gas: Crude Oil is Only the BeginningPLG Consulting
On June 3, 2013, Gordon Heisler, Senior Consultant at PLG Consulting presented at the American Railway Development Association’s 107th Annual Meeting in San Francisco, CA. Gordon’s presentation, entitled “The Energy Opportunity in Oil & Natural Gas. Crude Oil is Only the Beginning,” analyzes and forecasts the dramatic impact of shale oil and gas which has upended traditional logistics and trading patterns in the energy industry, starting an industrial renaissance in the US.
PLG Consulting’s CEO, Graham Brisben presented his presentation Shale Developments: The Evolving Transportation Impacts to the Broe Group on June 23, 2014.
PLG CEO and Founder, Graham Brisben spoke at the North American Rail Shippers Annual Meeting in San Francisco, California on May 24, 2017. Mr. Brisben’s presentation North American Energy Insights: Special Focus - Mexico included:
Overview of the current energy market in North America
Information on the key impacts in the rail industry
Emerging opportunities for rail in Mexico
PLG presents, "From Mine To Market: Overcoming Supply Chain Hurdles" at 3rd F...PLG Consulting
PLG president, Taylor Robinson spoke at the 3rd annual Frac Sand Conference, an Industrial Minerals Event, held in Minneapolis, Minnesota on September 1, 2015. PLG’s presentation, From Mine To Market: Overcoming Supply Chain Hurdles, featured the latest market intelligence on the effects of the global and U.S. energy markets on the frac sand market with updates on each link of the frac sand supply chain and the small covered hopper car market. Robinson also spoke about the latest fracking technology and its impacts on the short term outlook of the frac sand industry along with opportunities for long term growth. Robinson also moderated the three logistics sessions at the conference.
Oil & Natural Gas. The Evolving Freight Transportation ImpactsPLG Consulting
On July 30, 2013, CEO Graham Brisben presented at CIT’s Rail Resources Conference in Jackson Hole, Wyoming. Graham’s presentation, entitled “Oil & Natural Gas. The Evolving Freight Transportation Impacts,” analyzes and forecasts the dramatic impact of shale oil and gas which has upended traditional logistics and trading patterns in the energy industry, starting an industrial renaissance in the U.S.
The Prize and Pitfalls of the Global LNG Business - Betsey SpomerEnergy Intelligence
Oil & Money 2015
Chair: David Kirsch - Managing Director, Research & Advisory Energy Intelligence
Panel: Frédéric Barnaud - Executive Director, Global LNG, Oil & Shipping Gazprom Marketing and Trading
Roger Bounds - Global Head of LNG Royal Dutch Shell
PLG 2013 State of Freight Summit PresentationPLG Consulting
PLG Consulting presented an overview of the current flows of materials needed to support shale oil development. This is the fifth presentation that PLG has done on the subject in the last 8 months. The company has worked with some of the largest players in the oil & gas industry to help them gain an advantage through logistics. Contact us at www.plgconsulting.com for more information.
Supply is barely keeping up with growing demand in Q2, see when new supply will overtake demand, frac sand growth drivers, frac sand mega trends, and much more.
The U.S. Truck Market In Crisis - PLG Consulting PLG Consulting
After an extended period of ample truckload capacity and weak carrier pricing power, U.S. shippers are now finding themselves in a tight market with rapidly rising rates. Major truck shippers are having trouble covering loads, paying higher spot rates and are facing increasing intermodal costs. View this presentation to learn why and what you can do about it or visit our website for the full webinar recording.
From Drilling to Downstream: Opportunities And Challenges For Rail Carriers |...PLG Consulting
With new highs in crude, NGL, and natural gas production, the US is leveraging abundant and low-cost hydrocarbons to become one of the largest suppliers of energy and chemicals to the world. PLG Consulting’s CEO Graham Brisben explains why this is happening and what it means for rail shipments and car demand in sand, refined products, chemicals, and other commodities.
-Sandonomics ’17 - Regionalized Value, Distance Matters to the DJ and Bakken was presented on September 13, 2017 at the 5th Frac Sand Conference hosted by Industrial Minerals Events in Denver, Colorado. Taylor Robinson, President of PLG Consulting, and Joel Schneyer, Managing Director at Headwaters MB, provided the latest analysis of the fluctuating frac sand market. The presentation included a look at proppant consumption and grade preferences by basin, insights into the logistical challenges and requirements, and the latest information for frac suppliers to manage costs from the mine to the well head.
schneyer robinson
.5th frac sand_conf_
Expert Perspective on the Frac Sand Market and Supply Chain - schneyer robinson PLG Consulting
Latest analysis on the frac sand market and supply chain. Expert Perspectives on the Frac Sand Market and Supply Chain.
Schneyer Robinson
06082017 final
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
1. 1
Logistics
Engineering
Supply Chain
North American Crude By Rail Challenges and Growth Analysis
Prepared for:
Indianapolis, IN
September 11, 2014
2. 2
Boutique consulting firm with team members throughout North America
Established in 2001
Over 90 clients and 250 engagements
Significant shale development practice since 2010
Practice Areas
Logistics
Engineering
Supply Chain
Consulting services
Strategy & optimization
Assessments & best practice benchmarking
Logistics assets & infrastructure development
Supply Chain design & operations
Hazmat training, auditing & risk assessment
M&A/investments/private equity
Industry verticals
Energy
Bulk commodities
Manufactured goods
Institutional investors
About PLG Consulting
Partial Client List
North American Crude By Rail Challenges and Growth Analysis
3. 3
Deep rail industry experience
Operational
Commercial
Design & engineering
Equipment market
Broad CBR industry client experience over past 3 years
E&P companies
Refiners
Terminal developers
Investors –private equity, hedge funds, investment banks
Government agencies, industry advocacy groups
Equipment leasing
PLG’s Crude By Rail Industry Qualifications
Diverse projects
CBR supply chain optimization
Rail commercial negotiations
Rail car acquisition –commercial & technical inspection
Comprehensive design & engineering –rail, marine, tankage, product handling, and related facilities
EH&S training
Investment advising
Industry’s only long term, CBR volume forecast with complimentary rail tank car forecast
Recognized industry thought leader on CBR and tank car markets
Numerous industry presentations, articles and advising
North American Crude By Rail Challenges and Growth Analysis
4. 4
Unconventional Energy Resources
US Shale (and Canadian) Western Canadian (WC) Oil Sands
Source: CAPP, About Oil
Sands, June 2013
Innovative, new E&P technologies developed by
smaller entities has allowed additional hydrocarbon
production in new locations; each well <$10MM
“Mass production” methodologies developed to
lower costs
Challenges -> product variability and
volatility
Multi-billion dollar capital investments required by
a limited number of players to set up production
infrastructure
Open surface mining shifting to SAGD process will
harvest more bitumen over long term
Challenges -> distance to markets and
diluent
Source: EIA, May 2014
North American Crude By Rail Challenges and Growth Analysis
5. 5
PADD I Refineries
PADD V Refineries
PADD III Refineries
Oil Sands
PADD II Refineries
Waterborne
Imports
Waterborne
Imports
Gulf of Mexico Production
Alaska Production
Waterborne
Imports
California Production
Permian
Vertical Drilling
PADD III to PADD II
•Coastal refineries mainly supplied by waterborne imports
•Mid-Continent supplied from Gulf
N.A. Crude Logistics Flow
Before 2010
North American Crude By Rail Challenges and Growth Analysis
6. 6
PADD I Refineries
PADD V Refineries
PADD III Refineries
Oil Sands
PADD II Refineries
Waterborne
Imports
Gulf of Mexico Production
Alaska Production
Waterborne
Imports
California Production
Bakken
Permian
Eagle Ford
PADD III to PADD II
Waterborne
Imports
“Re-plumbing” in process
•Pipelines are reversing, repurposing and being built
•CBR is a flexible, rolling pipeline with multiple destinations
N.A. Crude Logistics Flow -2014
North American Crude By Rail Challenges and Growth Analysis
7. 7
Shale Oil Challenges – Variability & Volatility
Shale oil is either light crude or
condensate with wide variation within
and between plays
Issues caused by variability include:
Two supply streams with additional logistics
methods are sometimes necessary
Heavy discounting of condensate and very light
oil as it is much less desirable to the refineries and
export volume has been limited so far
Rapidly growing light crude oversupply in
the US could cause a “Day of Reckoning”
at some point (2015~2020?)
Term coined by RBN and Turner, Mason & Co.
US crude oil production volume growing from
8.5M b/d to 12M b/d (2014 to 2019)
Including ~ 1.8M b/d of condensate (2019)
Could cause $15-20/bbl LLS discount vs. Brent Source: RBN Energy
Shale Development: The Evolving Transportation Impacts
8. 8
High Profile Accidents Changing Crude by Rail
Rail industry has a strong safety record, but optics of CBR accidents in past ~year overwhelm any positive statistics
Regulatory approach has focused on:
Prevention –RR operations, track inspections, lower train speeds, increased track-side technology, route planning requirements
Mitigation –Tank car engineering standards, enforcement of product testing & classification
Response –Emergency response planning in case of accident
Three key links in supply chain are critical to safety:
At the well –increased enforcement of product testing, documentation and traceability (FRA directive)
Railroad operating practices and maintenance procedures must be robust
Railroad operating rule changes on hazmat train handling
Increased scrutiny, insurance requirements
Short line and regional railroads in particular
May have consequences in CBR freight rates and lead time
Tank car design regulations
DOT NPRM released July 23
60 day comment period through end of September
Expect final ruling by early 2015
Example only
North American Crude By Rail Challenges and Growth Analysis
9. 9
U.S. DOT NPRM Potential Impact On CBR Growth
Classification $ characterization of mined gases and liquids (minimal)
Was expected; most parties have already taken steps to tighten process
Rail routing risk assessment (minimal)
Class 1’s had already agreed to do this voluntarily
Given limited options in some cases will not have significant impact to actual routings
Reduced operating speeds (minimal ~ large negative)
40 mph speed restriction for HHFT trains with any cars not meeting enhanced standard in:
High threat urban areas ORAreas of > 100k population OR all areas
If “areas of >100k population” or “all areas” is selected this could have negative impact
Enhanced braking (minimal ~ large negative)
If ECP braking system is required it would require large investments and modifications
Three tank car options announced for HHFT trains (minimal ~ large negative)
PHMSA and FRA Designed Tank Car, AAR 2014 Tank Car, Enhanced CPC 1232 Tank Car
2 with shell thicknesses of 9/16”
NPRM expects existing 7/16” shells will meet new standard (9/16”) by adding an additional 1/8” thickness to the retrofitted jacket (no grandfathering in mentioned in NPRM)
Uncertainty on how many cars can actually have this performed and to what extent tank car owners will want to retrofit
Tank Car
Insulation
Top Fittings Housing
Manway
Tank Jacket
Tank Shell
Tank Head
Head Shield
Source: API with PLG simplification
Bottom Outlet Valve/Protection Skid
North American Crude By Rail Challenges and Growth Analysis
10. 10
US Crude By Rail 2014 Growth Analysis
-
200,000
400,000
600,000
800,000
1,000,000
-
20,000
40,000
60,000
80,000
100,000
120,000
Mar-12
Jun-12
Sep-12
Dec-12
Mar-13
Jun-13
Sep-13
Dec-13
Mar-14
Jun-14
US CrudeOriginated(carloads/quarter)
Bakken Crude byRail (bbls/day)
Carloads/Quarter
BakkenBbls/Day
North American Crude By Rail Challenges and Growth Analysis
WTI-Brent equilibrium 3Q3013
Source: NDPA, STB, PLG Analysis, September 2014
Railroad performance related to severe winter and large grain harvest
Slowing of crude production during severe winter
Decrease in CBR shipments to USGC due to pipeline expansion
Delays in offloading terminals in PNW and CA caused by environmental and permit issues
Bakken CBR lower in 2014 than predicted due to:
11. 11
Oil (bitumen) recovery uses two main methods -mining and drilling (in situ)
20% of the Oil Sands reserves are close enough to the surface to be mined using shovels and trucks (3% of oil sands land area)
80% of the Oil Sands reserves will be recovered in situ by drilling wells (97% of oil sands land area)
Steam Assisted Gravity Drainage (SAGD) is most popular method
Two parallel wells are drilled
Upper well has high pressure steam continuously injected
Lower well recovers softened bitumen
Diluent is added to the bitumen (15~30%)
Diluent is very light oil or “condensate”
Enables the product to flow through pipelines and be loaded into rail cars
Bitumen extraction has become profitable as extraction technologies improved
Economical at ~ $ 45 -$ 65/bbl
Western Canada Oil Sands Production Processes
Mining
Source: www.epmag.com
Drilling -SAGD
North American Crude By Rail Challenges and Growth Analysis
12. 12
Current pipelines are at capacity with higher apportionment due to maintenance and expansion
Oil Sands pipelines are under intense scrutiny and subject to court challenges and protests in US and Canada
NEB is extending its review of Trans Mountain expansion by 7 months
Recent Canadian Supreme Court ruling gives more power to First Nations in land claims
Innovation with existing pipelines increasing capacity
Enbridge will temporarily switch the flows of Alberta Clipper and Line 3 on 17.5-mile segment across the US- Canadian border
Will maximize the flows under existing permits until the Department of State review is completed on expansion
Increases Alberta Clipper flows by 27% to 570 kbpdby end of September and potentially up to 800 kbpdin 2015
Large Canadian oil producers and pipeline companies are strategically investing in CBR as a flexible option to pipelines for the short and long term
Western Canada Crude Oil Pipelines
Likely Built Within Medium Term (~2019)
Trans Mountain Express (Kinder Morgan)
Alberta Clipper (Enbridge)
Keystone XL (TransCanada)
Likely Delayed Until 2020 or Later
Northern Gateway (Enbridge)
Energy East (TransCanada)
Source: CAPP, June 2013
North American Crude By Rail Challenges and Growth Analysis
13. 13
Distance Challenge -Western Canada to US Gulf Coast
North American Crude By Rail Challenges and Growth Analysis
Western Canadian oil is landlocked and competes with global waterborne crude supplies with much lower transportation costs
US Gulf Coast is natural home for western Canadian heavy crude
Up to 300 miles of feeder pipeline to rail/pipe terminals
Over 2,100 more miles on either pipeline or rail to US Gulf Coast
Long term committed pipeline has significant cost advantage vs rail shipments of dilbit (reducing diluent amount increases rail competitiveness)
Source: Keystone XL EIS, PLG Analysis
Hardistyto US Gulf Coast
Pipeline Long Term Committed
Pipeline Uncommitted
Dilbit Unit train
Dilbit Manifest
Miles
2,125
2,125
2,475
2,475
Transit time for crude (days)
20
20
8
20
Total Cost ($/bitumen bbl)
$18
$25
$25
$29
14. 14
Diluent Challenge (and Possible Solution?)
Bitumen and diluent definitions
Bitumen - heavy, viscous oil that must be processed extensively to convert it into a crude oil
before it can be used by refineries to produce gasoline and other petroleum products
Diluent - lighter viscosity petroleum products that are used to dilute bitumen for
transportation in pipelines
Dilbit – bitumen blended with ~ 30% diluent; allows for crude to flow and meet pipeline specs
Railbit – bitumen blended with ~17% diluent; allows for crude to be transported by rail using
coiled and insulated tank cars
Purebit or Neatbit – raw bitumen with little to no diluent; special steaming equipment is
needed at loading and offloading terminals to transport in coiled and insulated tank cars
Diluent Recovery Unit (DRU)
Removes diluent from crude blend at the terminal before it is loaded onto railcar
Diluent returned to field to be reused
MEG Energy is planning on building a $75 M DRU as part of a 250 mile pipeline system from its
Christina Lake project to Canexus, with completion targeted for late 2015
Several other parties/facilities are investigating units; total cost benefit still not fully evident
Challenge at unloading facility if it is NOT the refinery – bitumen needs to flow via pipeline
again
Diluent penalty
Additional freight cost (rail cost from WC to USGC)
30% diluent vs 17% diluent: freight costs on 1.43 bbls vs. 1.20 bbls for each bbl of
bitumen @$25/bbl freight costs = $5.60/ bbl of bitumen
Geographical difference in value of diluent
Higher value of diluent in WC vs the value you’ll receive with it blended in bitumen in US
Gulf Coast
Source: CN
North American Crude By Rail Challenges and Growth Analysis
15. 15
-
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
Mar-12
Jun-12
Sep-12
Dec-12
Mar-13
Jun-13
Sep-13
Dec-13
Mar-14
Jun-14
Canadian CrudeOil Exports by Rail(bbl per day)
Bbls/day
North American Crude By Rail Challenges and Growth Analysis
Canadian Crude By Rail 2014 Growth Analysis
Source: National Energy Board (Canada), September 2014
Canadian Crude Oil Exports by Rail
Shutdown of CanexusBruderhiemloading terminal due to pipeline issues –was largest loading terminal in WC
Delays in opening of other unit train loading terminals in western Canada
Tighter differentials between Canadian and US landed import heavy crude prices
Over 100k b/d of crude is also moved within Canada
Canadian CBR lower in Q2 2014 then predicted
16. 16
Bakken and WC Crude Oil Takeaway Forecast
Source: www.CBRforecast.com
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
2013
2014
2015
2016
2017
Base Case Takeaway (kbpd)
Pipeline
Crude by Rail
Local Refining
North American Crude By Rail Challenges and Growth Analysis
17. 17
Tailwinds
New WC pipelines will likely be delayed beyond announced dates
Increasing Bakken & Oil Sands production
Additional imports still to be displaced in US east, west, USGC
More terminals coming online
US crude export ban easing (condensate first)?
West coast export potential for WC bitumen via rail?
N.A. Crude By Rail Future Drivers
Headwinds
Oversupply of light crude in the US 2014~2015 -> “Day of Reckoning”
Environmental hurdles at terminals causing delays in permitting (CA, WA)
Tight railcar supply due to new rail car regulations impact
WC pipelines will eventually be built (2018 or beyond) and take CBR share
Potential regulatory backlash from future disasters? (biggest wild card)
North American Crude By Rail Challenges and Growth Analysis
18. Logistics
Engineering
Supply Chain
This presentation is available at: www.plgconsulting.com/categories/presentations-
Thank You !
For follow up questions and information, please contact:
Taylor Robinson, President
+1 (508) 982-1319 / trobinson@plgconsulting.com