Projects/Studies

ESAI Energy delivers Multi Client Studies focusing on specific market trends or delivers consulting projects focused on strategic planning, asset valuations, economic and political market analysis, focused on the natural gas, oil and alternative fuel industries. In addition, we provide expert witness support in litigation and arbitration. ESAI Energy has testified before the US Congress on oil market issues and served as expert witness for producers, banks, refiners and governments.

ESAI Energy works with individual customers conducting proprietary research and analysis to help the customer make strategic decisions. This includes leveraging ESAI Energy’s priority databases, its team of topical and regional experts and knowledge of the global energy markets. Please contact ESAI Energy to discuss a specific scope of work or strategic questions related to the Energy markets.

For more on ESAI Energy’s projects, email us direct or +1-781-245-2036.

Latin American Product Markets: Analysis and Projection of the flows of individual petroleum products to and from and within Latin America with projections to 2030

Petroleum Product Market Outlook and Pipeline Profitability on the East Coast of the United States: ESAI Energy developed projections for the East Coast “call” on external supply of gasoline, diesel and jet fuel based on its outlook for demand growth and the refining sector. Based on analysis of inter-PADD pipeline, tanker and barge deliveries and supply from import sources, ESAI Energy forecast the prospects for future petroleum product supply to the East Coast market and provided guidance on a specific pipeline investment.
Global NGL Analysis: An analysis of the market for each NGL component and expected pricing to 2030. ESAI Energy provided guidance on the selection of petrochemical feedstock and resulting investment.

North American Petroleum Coke Quality: A refinery by refinery assessment of crude slate based on the changes in crude oil quality and infrastructure development, and the impact on petroleum coke production and quality in North America. Based on the analysis, ESAI Energy provided guidance on an asset transaction.

The Asian Bitumen Market: Proprietary study and forecast of the Asian bitumen market and economic feasibility analysis for a bitumen production investment.

Global Fuel Specifications: Analysis of the future of global and regional markets for gasoline, diesel, jet fuel, and kerosene for a large Asian refining company. The study combined analysis of fuel specifications around the world with the ability of refiners to produce the requisite volume and quality of the relevant fuels. As such, it drew on ESAI Energy’s proprietary databases of global refining capacity and fuel specifications.

African Refining Markets: ESAI Energy conducted an industry competitiveness evaluation for an Africa-based refiner considering a new refining investment. The analysis required an integrated analysis and projection of the supply, demand, and quality of petroleum products in the Persian Gulf, India, and much of Africa. The objective was to determine the impact of this investment and competitor investments on the refiner’s operating refining margin over a specified time frame.

Asian Refining Markets: Conducted a refining profitability analysis for an Asian refiner with a new refining investment. The analysis required collecting all of the inputs to the refiner’s new operating margin and projecting that margin based on both regulated domestic market dynamics and international market dynamics. The study resulted in recommendations to the refiner’s host government regarding market liberalization options. The project also required a backward looking projection to determine the theoretical profitability of the particular investment in previous years.

FSU Energy Studies, including: The Refining and Distribution System of the Republics of the Former Soviet Union (1992), Rebuilding Russia’s Refineries (1995), Uncorking the Bottle: Russia’s Oil export Infrastructure (1996). These studies were conducted in cooperation with several experts from the Russian energy sector. They provided, for the first time, a description of the oil refining and product distribution systems. They described the infrastructure, and analyzed how ongoing economic and political trends are likely to change the refining and distribution systems and affect the flow of FSU imports and exports.

Canadian Diluent: Prepared supply/demand analysis of the Canadian diluent market and identified U.S. sources of diluent to support a company’s due diligence regarding the commingling of Canadian crude with U.S. crude when exporting Canadian crude to the United States.

Processed Condensate Exports: provided analysis of global markets for U.S. processed condensate to support a regulatory request to the Bureau of Industry and Security at the U.S. Commerce Department.Global Heavy Crude Study: The analysis examined supply and demand for heavy and extra heavy crude oil by country and stream with a 10-year forecast. The analysis was used by a major oil producer to develop pricing guidelines.

Transport Options for U.S. Gulf of Mexico Deepwater Crude: Developed long-term, individual field level production forecast of Gulf of Mexico deepwater production and evaluated the viability of competing transport options for crude oil produced from these assets, based on output volume and distance from existing or planned infrastructure.

Shale Oil Valuation: an analysis of the breakeven cost of an oil shale project in western United States, including the collection, review and assessment of all factors included in a discounted cash flow analysis of the field. Based on results, ESAI Energy provided an opinion on the viability of the field to state regulators.

The Light Sweet Crude Oil Market in the Mediterranean: a proprietary analysis of the market impact of rising supplies of different qualities of crude oil in the Mediterranean market. The analysis examined production, refining and trade data by quality in an effort to forecast price relationships between grades of crude oil. The study also addressed the impact of two-tier pricing caused by the existence of both OSP and spot pricing for a given benchmark crude.

Changing Crude Trade Flows: ESAI Energy has developed an in-depth global crude trade flow matrix, which projects export volumes between regions and major countries over the next twenty years. This model relies on crude quality, refinery investment, changing product specifications, and existing commercial relationships.

Long Term Alternative Fuels Price Outlook: Long-term U.S. price view for transportation fuels to 2020, from feedstock production, to consumption, to RIN pricing. ESAI Energy’s analysis focused on illuminating the key price drivers in each fuel for gasoline, diesel, corn ethanol, sugarcane ethanol, soy biodiesel, renewable diesel, gas-to-liquid diesel, cellulosic ethanol, and algae biodiesel.

Renewable Fuels, RIN Pricing, and LCFS Compliance: Regional long-term price forecasts for U.S. alternative fuels and Renewable Identification Numbers (RINs) based on detailed analysis of alternative fuel fundamentals, expected shifts in federal policy, CA LCFS regulation, and conventional fuels markets.

Energy Mix for Electric Vehicles: For a major automaker, ESAI Energy conducted an analysis of the mix of US energy inputs to power generation to determine the relative GHG emissions of electric vehicles sold in different parts of the country.
North American Biofuels: For a major automobile manufacturer, ESAI Energy conducted an analysis of the current and potential supply, demand, and prices for ethanol in the North American market through 2022.

A Comparison of Gasoline and Diesel: Well-to-Tank Measurement of GHG Emissions: ESAI Energy studied the improvement in GHG emissions from manufacturing diesel versus gasoline. The study provided a literature review and a refiner survey and focused on GHG emissions specifically from the refining process.

Alternative Fuels for Transportation: ESAI Energy conducted an analysis on the potential market for Compressed Natural Gas (CNG) vehicles in the United States and Europe. The study examined the existing market for alternative fuel vehicles, and took into account supply and demand for competing alternative fuels. ESAI Energy provided guidance on CNG tank investment.

Impact of Biofuels/New Technologies on Oil Demand: ESAI Energy has developed a model to project the precise volumes of petroleum-based transportation fuel demand that will be both avoided by improving vehicle efficiency, and also replaced by rising biofuel output.

Paths to Achieving ASEAN+3 Energy Cooperation: an analysis prepared for the Japanese government on the four targets of the Hiranuma Initiative on energy cooperation among the countries of the Association for Southeast Asian Nations and Japan, Korea, and China. The targets included the formation of an energy security network, oil stockpiling, and reform of the Asian oil market and the growing use of natural gas in the region’s energy mix.

Policy Framework for India’s Strategic Petroleum Reserve: an analysis prepared for the Indian government of alternative policies that the Indian government might pursue in setting up its strategic oil reserve. Topics covered included optimal reserve size, reserves as public or private good, stockpile authority, financing and drawdown policy.

Assessment of Strategic Oil Reserves in non-OECD Countries: an analysis prepared for the U.S. government of plans for strategic oil reserves in countries outside of the OECD with focus on policy, size, timing, cost, etc.

Assessment of Strategic Oil Reserves in OECD Countries: an analysis for the U.S. government of strategic oil reserves and policy in all of the countries of the OECD.