U.S. oil and gas production rises, despite 10% fewer wells
Advances in technology and drilling techniques have allowed for production of U.S. crude oil and natural gas to keep rising… Horizontal wells are more expensive to drill than vertical wells, but they...
View ArticleMHPS teams up with NTK to manufacture and sell fuel cell stacks
Mitsubishi Hitachi Power Systems (MHPS) and NTK Spark Plug have joint forces to manufacture and sell cylindrical cell stacks –… Solid oxide fuel cells (SOFC) generate electricity using oxygen (O2) from...
View ArticleSiemens had “slow start” into FY2020, considers further job cuts
German industrial giant Siemens has “got off to a somewhat slow start into the new fiscal year,” CEO Joe Kaeser… Market weakness for short-cycle businesses, however, made EBITA from industrial business...
View ArticleCost optimization to save €1,000 million at Siemens Gas and Power
Anticipating “moderate revenue growth” for Gas and Power, Siemens hopes to reach an adjusted EBITA margin of 2-5% in fiscal… In the first quarter, profits from Siemens PG came in at 1.4 percent – a...
View ArticlePeak power load in Hubei plunges as factories stay closed
Electricity demand has plunged in China’s Hubei province, where factories and construction sites are dormant as workers are told to… Weaker electricity demand and industrial activity inevitably impact...
View ArticleCan green hydrogen become the ‘new oil’?
Green hydrogen, produced with renewables using electrolysers, is hoped to become the ‘new oil’ and develop into one of the… Hydrogen is one of the leading options for storing excess renewable energy,...
View ArticleAnsaldo considers selling stakes in PSM and Ansaldo Thomassen
Italian turbine manufacturer Ansaldo has approved its 2020-24 Business Plan to reposition its service segment by “exploring partnerships” for its… Ansaldo’s board of directors issued guidelines...
View ArticleMyanmar orders Wärtsilä engines to avert blackouts in Yangon
Eager to avert power shortages in Yangon, the government of Myanmar has asked Wärtsilä to deliver eight 50SG engines for… During the past summer, the Yangon area of the country was subjected to power...
View ArticleIndonesia’s power demand forecast to top 4,400 TWh/year by 2030
Indonesia, home to 260 million people, will see its population reach 300 million by 2030 which pushes up power consumption… Air pollution is a major health hazard in Indonesia, particularly in the...
View ArticleMAN launches fluid monitor for lube oil
MAN Energy Solution has launched an intelligent constant monitoring device for industrial lube oil. The certified device has recorded over… In a first application, the fluid monitor ensured the...
View ArticleRussia: Voronezh CHPP adds four LM6000 aero-derivative turbines
Quadra’s 233 MW Voronezh CHP plant has successfully run its first week of commercial operation since February 1, using four… “The power plant provides heat and power to more than half of Voronezh...
View ArticleU.S. Congress mulls new sanctions against Nord Stream 2
Lawmakers in the U.S. Congress are preparing to hit European investors in the Nord Stream 2 pipeline with a new… Determined to stop the completion of the controversial Russian-German gas...
View ArticleKarpowership gets ready to help close South Africa’s electricity gap
Turkey’s Karpowership has submitted a proposal to the government of South Africa to provide a several ships to avert a… The RFI calls for start of commercial operation, following financial close, of...
View ArticleShell, Total dismiss CNOOC’s ‘force majeure’ to cancel LNG contracts
Royal Dutch Shell and Total have rejected China National Offshore Oil Corp’s (CNOOC) move to invoke ‘force majeure’ to cancel… CNOOC took the drastic step encouraged by the Chinese government, which...
View ArticleUK uses 1GW Nemo Link to import cheap electricity from Belgium
Nemo Link, the first ever UK-Belgium power cable with 1,000 MW capacity, has allowed National Grid to import substantial amounts… Stretching 80 miles from Bruges on the Belgian coast to Richborough in...
View ArticleSiemens builds Germany’s largest ‘power outlet’ for Port of Kiel
Ships at the Port of Kiel will soon benefit from Germany’s largest shore power system to date. With 16 megavolt… The shore connection system lets us draw electricity from renewable energy sources, both...
View ArticleQatar tells GECF “natural gas and renewable are complementary”
Qatar Petroleum's CEO Saad bin Sherida Al-Kaabi has told the Gas Exporting Countries Forum (GECF), often referred to as Gas… “Energy from natural gas can be dispatched quickly in a cost-effective...
View ArticleLack of upstream investment jeopardizes U.S. energy independence
Energy independence of the United States will be tested in the 2020s, unless there is a sharp reversal in the… Appalachia, Permian and Haynesville are the most prominent shale oil and gas producing...
View ArticleMAN launches digital platform to help operators exchange OEM data
Mýa, a digital interface launched by MAN Energy Solutions, enables the exchange of data in a controlled and secure manner… Power plant work with many OEMs and their respective platforms, so they...
View ArticleFortescue adds gas genset, solar PV and battery to Pilbara mine
Australian mining giant Fortescue Metals Group is fast-tracking a US$450 million power generation project at its Pilbara iron ore mine.… Backing up solar PV with gas gensets and energy storage,...
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