ISSUE 2018
JULY/AUGUST
CARIBBEAN ENERGY UPDATE A Publication of the Caribbean Energy Information System on Petroleum and Renewable Energy ©CEIS 2018 SCAN ME To access CEIS website
+1-876-927-1779 ceis@src-jamaica.org www.src.gov.jm www.cipore.org www.cippet.org www.ceebip.org www.ceis-caribenergy.org
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The Caribbean Energy Update
PETROLEUM Energy
Rotary Rig Onshore Drilling Method
Due to two advanced drilling techniques: onshore and offshore drilling, the amount of recoverable oil and natural gas around the world has been rapidly expanding. Onshore drilling rigs are the more orthodox of the drilling equipment and come in different sizes and strengths. They are generally classified by their maximum drilling depth and their mobility. Typically used in the petroleum industry are conventional land rigs which cannot be moved as a whole unit, while mobile rigs are drilling
systems that are mounted on wheeled trucks and come in two different types, jackknife and portable mast.
Impact energy is supplied to the drill bit from either an above ground or down hole impact hammer.
There are a number of different rotary methods and techniques used for and under different subsurface conditions. For deeper high pressure wells, the rotary drilling method is used and consists of a sharp, rotating metal bit used to drill. Rotary technology uses a sharp, rotating drill bit and downward pressure to cut, or crush, through the subsurface.
Continuous removal of drill cuttings is required in all rotary methods to keep the hole clean and for the bit to move freely. The power system of a rotary drilling rig has to supply the following main components: Rotary system,hoisting system and drilling fluid circulation system. The largest power consumers on a rotary
C A R I B B E A N E N E R G Y I N F O R M AT I O N S Y S T E M ( C E I S ) | 2 0 1 8
The Caribbean Energy Update drilling rig are the hoisting and the circulation system, these components determine mainly the total power requirements. The main task of the hoisting system is to lower and raise the drillstring, casings, and other subsurface equipment into or out of the well. The hoisting system include: Draw-works, Fast Line, Crown Block, Traveling Block, Deadline, Anchor, Storage reel, Hook and the Derrick.
The swivel has to be constructed extremely robust as it connects the hook and kelly, and it also has to carry the total drillstring weight and simultaneously, provide a high pressure seal ( connection between flexible, non-rotating rotary hose and the rotation kelly). The kelly has a square or hexagonal cross-section and provides the rotation of the drillstring.
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transfers the rotation to the kelly. The kelly has a square or hexagonal cross-section and provides the rotation of the drillstring.
Drilling operations not only require new and improving equipment, but meticulous and intricate methodologies to extract ‘black gold’ from beneath the earth’s crust and oceans. The The rotary drive consists of recovery of oil has not only transmaster pushing and kelly formed world economies, but has The main part of the rotary pushing. The master pushing revolutionized the technologies at system include the Swivel, receives its rotational momentum play. Rotary hose, Kelly, Rotary drive, from the compound and drives Rotary table and Drilling string. the kelly pushing which in turn
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The Caribbean Energy Update
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CARIBBEAN
Petroleum Energy Highlights July /August/September 2018
• • • •
No gas tax rollback...[ ] Read More New fuel price adjustments announced- St.Lucia...[ ] Read More Students Win Over $4 Million In PCJ Energy Comp...[ ]Read More No gas tax rollback Exxon’s eight oil finds can• yield US$20B for Guyana...[ ]Read More
• Petrotrin exits oil refining business ...[ ] Read More • Increase In Gas Prices Driven By External Forces...[ ] Read More • Govt committed to building world-class petroleum sector, Guyana...[ ] Read More • IDA to provide US$1.6M for capacity building..[ ] Read More • Study shows Suriname businesses must boost capacity to benefit from offshore oil industry...[ [Read More • Kosmos on location for new drill campaign at Pontoenoe-1 in Suriname...[ ] Read More • Oil refinery not on “immediate horizon” – Guyana..[ ] Read More • CaribX UK offers to conduct oil and gas offshore..[ ].. Read More • Consumers to pay more for gas and kerosene less for diesel and LPG...[ ] Read More
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The Caribbean Energy Update
Regular Unleaded Gasoline Average Retail Price (US$/Litre) July/August 2018
JULY $1.99
Barbados
$1.43
Belize
$1.44
$1.30
Cayman Islands
$1.30
$1.32
Grenada
$1.31
$1.09
Guyana
$1.08
$1.21
Jamaica
$1.18
$1.14
St.Lucia
$1.15
$0.59
Trinidad&Tobago
$0.59
AUGUST $1.95
Retail prices for Regular Unleaded Gasoline in the eight (8) Caribbean countries reviewed at the end of August 2018, showed increases in prices for Belize and St.Lucia between 0.5% and 0.9%. Prices decreased between 0.3% and 2% in Barbados,Grenada,Guyana and Jamaica,where as, in the Cayman Islands and Trinidad and Tobago prices remained stable.
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The Caribbean Energy Update
PRICES
International Crude Oil Prices from June to August 2018 showed an average price of US$67.90/bbl. This average price was 2.6% higher than the average price seen in June 2018 and 4.6% lower than the average price in July 2018. The lowest price recorded for the commodity was US$65.35/bbl reflected in week two of June 2018. The highest price for the three month period was US$73.73 /bbl recorded in July 2018.
80.00
73.73
US$/Bbl
60.00
Average Weekly Oil Prices June-August 2018 68.95 67.90
65.35
40.00 20.00 0.00 Period WK1
WK2
WK3
Jun-18
WK4
Jul-18
MTH AVG
Aug-18
Average Monthly Crude Oil Prices 2015-2017 60 50
US$/Bbl
57.44
59.91
50.87
45.86
40
37.41
30 20 10
30.19
2015
2016
2017
0
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CARIBBEAN
The Caribbean Energy Update
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ENERGY MINISTERS’
Bulletin
Renewable Resources
Breakthrough Technology
A Paper Battery powered by
Bacteria
In
remote areas of the world or in regions with limited resources, everyday items like electrical outlets and batteries are luxuries. Health care workers in these areas often lack electricity to power diagnostic devices, and commercial batteries may be unavailable or too expensive. New power sources are needed that are low-cost and portable.
of paper and fueled by bacteria that could overcome these challenges. The researchers presented their results on August 19, 2018 at the 256th National Meeting & Exposition of the American Chemical Society (ACS).
“Paper has unique advantages as a material for biosensors,” says Seokheun (Sean) Choi, Ph.D., who is Today, researchers report a presenting the work at the new type of battery made meeting. “It is inexpensive,
C A R I B B E A N E N E R G Y I N F O R M AT I O N S Y S T E M ( C E I S ) | 2 0 1 8
The Caribbean Energy Update
disposable, flexible and has a high surface area. However, sophisticated sensors require a power supply. Commercial batteries are too wasteful and expensive, and they can’t be integrated into paper substrates. The best solution is a paper-based bio-battery.”Researchers have previously developed
disposable paper-based biosensors for cheap and convenient diagnosis of diseases and health conditions, as well as for detecting contaminants in the environment. Many such devices rely on color changes to report a result, but they often aren’t very sensitive. To boost
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sensitivity, the biosensors need a power supply. Choi wanted to develop an inexpensive paper battery powered by bacteria that could be easily incorporated into these single-use devices. Credit: Seokheun Choi, American Chemical Society
Free Power from Freeways? Jinan, China — On a smoggy afternoon, huge log carriers and oil tankers thundered down a highway and hurtled around a curve at the bottom of a hill. Only a single, unreinforced guardrail stood between the traffic and a ravine. The route could make for tough driving under any conditions.
But experts are watching it for one feature in particular: The highway curve is paved with solar panels. “If it can pass this test, it can fit all conditions,” said Li Wu, the chairman of Shandong Pavenergy, the company that made the plastic-covered solar panels that carpet the road. If
his product fares well, it could have a major impact on the renewable energy sector, and on the driving experience, too. The experiment is the latest sign of China’s desire to innovate in, and dominate, the increasingly lucrative and strategically important market for renewable energy. The country already produces three-quarters of the solar panels sold globally, and its windturbine manufacturing industry is also among the world’s largest. The potential appeal of solar roads — modified solar panels that are installed in place of asphalt — is clear. Generating electricity from highways and streets, rather than in fields and deserts packed with solar panels, could conserve a lot of land.
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The Caribbean Energy Update
Country Happenings ST.KITTS
energy programme, the Nevis Island &NEVIS Administration Nevis pursuing only geothermal as (NIA) will not actively pursue a renewable other areas of energy source at renewable energy this point, says but will to premier concentrate its Charlestown, Nevis efforts in (NIA) — In pursuit geothermal energy.. [ ].. of its sustainable
ST. LUCIA
Eastern Caribbean states want govt buildings to go solar.
GUYANA Guyana secures financing for 100 MW solar project. The $80 million scheme is expected to be financed by the InterAmerican Development Bank, with the support of the Norwegian government. The funds concerned
were originally to be devoted to a hydropower project. Guyana’s Department of Public Information has announced in a press release Minister of Natural Resources Raphael Trotman has signed an agreement.. [ ]...
2018 Events • Smart City Expo World Congress Barcelona, Spain November 13-15, 2018 Fira, Barcelona , Gran Via Barcelona, Spain
The Organization of Eastern Caribbean States • Renewable Energy World Conference & Expo (OECS) signed a Memorandum December 4-6, 2018 of Understanding (MoU) with Orange County Convention non-profit association Solar Head Centre of State for the development of Concourse, Orlando, Florida, solar projects at key government USA buildings..[ ].. • World Congress on Oil, Gas and Petroleum Refinery December 17-18, 2018 AbuDhabi, UAE
• Solar Wind Earth Energy Tradeshow March 13 -15, 2019 Gwangju, South Korea • International Recycling, Environmental Technologies and Waste Management March 21 - 24, 2019 BÜYÜKCEKMECE, Turkey • 4th World Congress on Petroleum and Refinery May 20-21 2019 Osaka Japan • International Conference on Sustainability, Energy and the Environment June 3-5, 2019 Hawaii Convention Centre, Honolulu, USA
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The Caribbean Energy Update
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