Oil and gas prices fall as fears of diseases’ economic impact escalate
Oil and related natural gas prices are falling, weighed down by fears over the economic impact of the fast-spreading coronavirus… U.S. West Texas Intermediate crude futures, meanwhile, plunged 3.8...
View ArticleFirstEnergy to invest $572 million in Pennsylvania over next five years
To enhance service reliability, FirstEnergy subsidiaries have approved part two of their Long Term Infrastructure Improvement Plans (LTIIP II), outlining… LTIIP II projects will include replacing older...
View ArticleMubadala buys and expands 1.7 GW power plant in Uzbekistan
Abu Dhabi-based Mubadala Investment Company has signed an agreement with JSC Thermal Power Plants and the Uzbek government to acquire,… Uzbekistan, which borders large oil and gas producers Kazakhstan...
View ArticleIndia needs more battery storage to balance solar power push
With solar PV set to become India’s largest power source by 2035, more energy storage capacity is needed to balance… Costs of batteries have fallen by over 80 percent since 2010, largely thanks to...
View ArticleFinnish researchers test Terrawatt-scale gas power storage
Modelling from the Technical Research Centre of Finland (VTT) suggests large scale power storage utilising gas may soon be a… Researchers at VTT focus on energy storage as a means to overcome...
View ArticleGas turbine sales in upstream sector to top $1.2 billion by 2024
Rising upstream spending, notably in unconventional oil and gas resources, will drive the related gas turbine market to an estimated… Gas turbines, used of oil and gas upstream, are in high demand as...
View ArticleLiquid ammonia ‘more attractive’ for energy storage than hydrogen
Power-to-X through electrolysis can swiftly utilize large overcapacities of wind and solar power, helping to balance the grid. Producing ammonia… Liquid ammonia is easy to transport and a substantial...
View ArticleFew new pipelines needed to build German hydrogen network
Germany's gas industry plans to establish a 5,900 kilometres pipeline network to enable the large-scale use of hydrogen use. FNB… "Transmission grid operators are committed to also using the existing...
View ArticleU.S. oil and related gas production to grow more slowly through 2021
Crude oil and associated gas production in the United States will keep growing, albeit at a much slower rate due… Production will still continue to grow as rig efficiency and well-level productivity...
View ArticleWärtsilä’s order intake plunges in “challenging market”
Wärtsilä has missed Q4 expectations as order intake plunged 17 percent and the operating result fell to 202 million Euros,… Despite a rise in equipment deliveries and service volumes, Wärtsilä’s...
View ArticleCoal gasification – a panacea to clean up a dirty fuel?
Coal gasification helps curb air pollution in China's mega-cities given that the emissions-intensive thermal fuel accounts for nearly 70 percent… Although coal's share of China's energy budget is...
View ArticleGas has “plenty of scope” in Asia to reduce “massive” coal use
LNG and pipeline gas have still a long way to go to reduce, let alone replace, the current “massive coal… “The expansion of natural gas and LNG can be expected to contribute to cleaning and...
View ArticleMHPS analyses power plant operations on Java to probe clean fuels
Mitsubishi Hitachi Power Systems (MHPS) will conduct joint research with Indonesia's Bandung Institute of Technology (ITB) analyzing big data from… Diagnosing operations of Indonesia's power plants...
View ArticleU.S. renewables power output to double through 2050, gas stays flat
Electricity generation from renewable energy sources in the United States is forecast to double between now and 2050. Declining capital… After 2045, renewables will generate more electricity than...
View ArticleCheap shale gas production keeps Henry Hub prices low through 2050
Natural gas prices at Henry Hub are forecast to stay lower than $4 per million British thermal units (MMBtu) through… Production of natural gas grows at a faster rate than consumption in most cases...
View ArticleBeijing offers ‘force majeure’ shields to domestic gas companies
Concerns over China’s gas demand grow after the government said it would hand out ‘force majeure’ certificates to domestic companies… Market observers doubt that Chinese LNG importers will exercise...
View ArticleDrax assesses ‘options’ for final coal power units
The last two coal units at Drax Power Station may soon shut down as the operator weighs up options. On… Drax stressed it did not accept agreements for its two coal unit at Drax Power Station or the...
View ArticleSSE and EDF Energy secure UK capacity contracts at £6.44/kWh
British utilities SSE and EDF Energy are among the winners of the latest T3 auction for capacity in 2022/23. Contracts… The UK capacity market is designed to remunerate energy companies for making...
View ArticleEdge LNG uses mobile liquefaction units at Marcellus Shale
Stranded gas wells at the Marcellus Basin in Pennsylvania are being tapped via mobile trailor-mounted liquefaction units. Initial operations were… In early 2020, Eagle LNG monetized a source of...
View ArticleUncertainty over China’s gas demand growth impacts rival suppliers
All eyes are on China’s health crisis and its impact on economic and energy demand growth. Though a U.S.-China trade… With the U.S. election looming large in November, analysts say it is unlikely that...
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