02 Liquid fuels (economics, business, marketing, policy)

95too1ao H Y

drocarbon synthesis reactor employing vertical downcomer w th gas disengaging means Behrmann, W. C. et ai,, (Assi ned to) Exxon Research & Engineering

P Co., PCTJnt. WO.94,14,735, Ju. 1994. A process for the operation of a hydrocarbon synthesis reactor and catalyst distributed in the reaction slurry are improved by the presence in the reac- tor of one or more vertical downcomers open at both ends with gas disen- gaging areas located at their top end.

95iooi ai Hydrodesulfurlzatlon of rrsldue oils over NiMo/alumlna-alumlnum borate catalysts: Effect of borla content Chen, Y. W. er al., Ind. Eng. Chem. Rex, Sep. 1994, 33, (9), 2040-2046.

951001 a2 iron Fischer-Tropsch catalysis - propettier of an ultraflne iron oxlde catalyst Xu, L. et al., Fuel&i. Technol. Int., 1994, 12, (lo), 1323-1353. Slurry phase Fischer-Tropsch synthesis has been conducted starting with an ultrafine iron oxide catalyst with an average particle size of 30A. Cata- lyst activity gradually increased during the firit 400 h of synthesis and then remained stable for 250 days. Potassmm promotion greatly increased the initial activity of the catalyst; however, the stability decreased. The CO conversion of the unpromoted catalyst was found to vary linearly with the reciprocal of the space velocity up to 60% conversion. Alkene selectivity increased with increasing space velocity but remained constant above GHSV = 2.0.

951001 a3 Llquld applied Internal protrctlve coatings for ollfleld productlon equlpment National Association of Corrosion Engineers, Houston, Texas, USA, 1994, 11 PP. Describes the application of liquid coatings to the interior of various types of oilfield production equipment used for processing and storage of corro- sive fluids.

951661 a4 Phosphoric trlamlde coking lnhlbltors Tong, Y. and Poindexter, M. K. (Assigned to) Naico Chemical Co., EUR. Pat. EP.601,609, Jun. 1994.

95100185 The plgglng technology project: The first three years Short, G. C. Pipes & Pipelines Int., Jul.-Aug. 1994, 23-27. The paper discusses the development of the Pigging Technology Project.

95/00186 Remote lnterventlon In deep waters Petroleum Review, Sep. 1994, 48, (572), 424-425.

The world record-breaking project for Petrobras in Brazil’s Marlim field earlier this year was the latest in Stena Offshore Limited’s progression into deeper waters and it also marked a milestone in the development of remotely operated vehicles (ROV) and remote intervention capabilities. The ability to provide remotely operated intervention support for these deep water operations was the result of a concerted It?-month programme to develop and acquire the necessary technologies.

95100167 Surface characterlzatlon of ultraflne partlclr Iron- carbide catalysts In F-T synthesls Zhang, J. et al., Beijing Huagong Xueyuan Xuebao, Ziran Kexueban, 1994, 21, (2), 82-87. (In Chinese) Discusses the surface characterization and bulk phase changes in ultrafine particle iron-carbide catalyst in the Fischer-Tropsch synthesis which were studied by XPS and XRD techniques.

95too1aa Tank coatings to mlnlmlsr mvlronmental Impact Walker, I. Petroleum Review, Nov. 1994, 48, (574), 520-522. The control of corrosion of storage tanks is an issue at the tank farms, refineries and petrochemical plants throughout the world, not only in terms of costly maintenance and repair but also with the environmental effects related to leaking bulk liquid storage tanks.

951001 a9 Tordls subsea success Petroleum Review, Sep. 1994, 48, (572), p. 426.

Reports that the need to reduce costs bymijor oil and gas operators and a move towards deep-water field develo ments have provided a new lease of life for Remotely Operated Vehicles ROVs). P

Economics, Business, Marketing, Policy

95lO6196 Abandonment - The North Sea’s newest Industry Buckman, D. Petroleum Review, Sep. 1994, 48, (572), 413-415. Some have suggested converting them into luxury hotels or casinos, others that they be used to house top-security prisoners. The reality is, however, that the removal of redundant rigs is set to become big business in the North Sea and the pressure is now on to develop better and more cost- effective ways of doing the job.

95100191 Declslon maklng and mature fields Howorth, G. Petroleum Review, Sep. 1994, 48, (572), 401-402. Gary Howorth of the Arthur Andersen Petroleum Services Group discusses economic options and attitudes in relation to the approaching end of pro- duction of a number of North Sea fields in an interview with Petroleum Review.

95100192 The demand for car fuel efflclency: An hedonic price approach Witt, R. Surrey Energy Economics Centre, Dept. of Economics, Univer- sity of Surrey, Guildford Surrey, GlJ2 SHX, UK, f21.00, Oct. 1994,23 pp. This paper uses an hedonic price approach to estimate the effect of petrol price changes on fuel efficiency and other attributes using data for new cars in the UK. In contrast with Atkinson and Halvorsen (1984). the long- run petrol price elasticity of demand for fuel efficiency is very sma$ suggesting that the long-run own-price elasticity of demand for petrol 1s less than unity. The results imp1 new car market permits little i:

that the adjustment process within the su stitution for more fuel efficient cars in

response to Petrol price changes.

95/00193 Envlronmental change: 011 trading and rlsk-man- agemont Impllcatlonr Fusaro, P. C. International Research Center for Energy & Economic Development, Boulder, Colorado, USA, $10.00, 1994.

95l60194 The evolutlon of oil markets: Trading Instruments and their role In oil price formatlon Roeber, J. Royal Institute of International Affairs, ISBN O-905031-6&7-7.

95100195 From prospect to prosporlty Walton, P. T. Utah State University Press, ISBN O-87421-174-3. The author has successfully 1948 he discovered the Wa K

ursued energy resources all over the world. In a oilfield from the air, and in 1949 he negoti-

ated the historic agreement that boosted production for Saudi Arabia-and made J. Paul Getty the richest man in the world.

95100196 The future of thr oil future8 markets Energy Business Review, 1994, 4, (4), 5-21.

The paper discusses the oil markets which is now dominated by trading on the oil futures markets, the International Petroleum Exchange in London and NYMEX in New York.

95IW197 How to manage the oil price risk Queensland Government Mining J., Oct. 1994, 95, p. 10.

The volatility of oil prices over the past decade and the management of oil price risk had become an increasingly important issue to 011 companies, Westpac Banking Corporation’s Marcus Walker reported to the PESA Conference.

95100199 Kazakhstan: Relying on Its own resources Peagam, N. Euromoney, Sep. 1994, 111-112, 114, 116. Discusses Kazakhstans natural resources, and how western oil companies have been asked to cooperate to help the country’s economic situation.

95/00199 The llmlts of growth of the multldlvlslonal flrm: A caee study of the US oil lnduatry from 1930-90 Ollinger, MI Strategic Management>., 1994, 15, 503-520.

95lOO200 Nlgrrla: The polltlcal economy of oil Khan, S. A. Oxford Institute for Energy Studies, ISBN o-19-730014-6.

95lOO201 011 and gas equltler: Evaluatlon and tradlng Antill, N. Woodhead Publ., Cambridge, UK, 1994, 258~~. A guide to the industry background and analytical techniques used in oil price equities.

95loo202 OPEC and the market: A study of oil prlco rlgldlty, determlnatlon, and dlfferontlalr Abdul-Razak Faris Al-Faris, International Research Center for Energy % Economic Development, Boulder, Colorado, USA, $26.00, 1994. The study is confined to the period 1973 - 1995 and the phenomena that dominated the crude oil market over this period, namely price rigidity in periods of market slackness.

12 Fuel and Energy Abstracts January 1995