Henry Hub spot price to rise in Q2 as U.S. production declines
Plummeting oil prices impact U.S. fracking activities. With Brent crude oil prices seen average $43 a barrel in 2020, down… Throughout 2020, Henry Hub spot prices are seen averaging $2.11/MMBtu and...
View ArticleOff-grid power gensets get $2 billion investment boost
Investment in energy access accelerates with nearly $2.1 billion corporate monies spent on off-grid power generation capacity between 2010 and… Regulated kilowatt-hours were historically a low risk and...
View ArticleFuel cell capacity tops 1 GW amid rapid infrastructure build-out
Demand from Asia has pushed up shipments of hydrogen fuel cells beyond 1.1 GW and E4tech sees 2020 characterized by… When factoring the in burgeoning bus, truck and van markets, vehicles account for...
View ArticleOil market spat may boost Asia’s gas demand for power gen
Though the latest oil price crash hits U.S. upstream companies, for Asian buyers it’s a blessing as the pricing of… The price of gas under long-term contracts has been at a premium to hub-priced gas in...
View ArticleNGTL snaps up Pioneer Pipeline for C$255 million
Nova Gas Transmission Ltd. (NGTL), part of the Canadian pipeline company TC Energy, has signed a letter of intent with… Spanning over 131km, the Pioneer Pipeline runs from Drayton Valley in central...
View ArticleGemma secures EPC contracts for two gas power plants in the U.S.
Gemma Power Systems has been awarded two Engineering, Procurement and Construction (EPC) contracts from two U.S. power plant developers. For… Construction of the Killingly Energy Center is slated to...
View ArticleKuwait attempts to privatize $1.2bn North Shuaiba power plant
Kuwait’s Electricity & Water Ministry (MEW) is seeking to privatize the North Shuaiba dual fuel combined-cycle power plant over the… Situated in Shuiba, in Kuwait’s Al-Ahmadi region, the mostly...
View ArticleAramco to rationalize 2020 Capex and shift to cleaner energy
Saudi Aramco is taking steps to rationalize its planned 2020 capital spending after posting a 21% plunge in 2019 net… Aramco on Sunday posted a fall in net income to $88.2 billion for the full-year...
View ArticleFive Siemens SGT-800s ordered for peaking power plant in Belarus
Brest Republican Unitary Enterprise of Electricity Industry (Brestenergo) has placed the third order in three month for Siemens turbines. The… The new fast-start gas power unit will be built adjacent...
View ArticleRWE adds renewables as lignite earnings may fall to zero from 2023
Germany's largest coal power plant operator RWE has shifted to invest in renewables as earnings from its 2.9 GW lignite… In an analysts’ call, RWE stressed it “bears the main burden of the lignite...
View ArticleDemand Power raises over $70m funding to deploy batteries & UPS
Canada-based Demand Power, a behind-the-meter energy storage company, has secured $71 million (€63.9m) in equity and project finance from a… The novel approach of combining large lithium ion-batteries...
View ArticleBattery-making capacity set to double by 2021, topping 278 GWh
Global battery manufacturing capacity is seen surge as energy storage is increasingly installed in conjunction with fast-start gas engine gensets… At least 10 new plans for building gigafactories were...
View ArticleGolar Power develops second LNG-to-power project in Brazil
Golar Power, together with Stonepeak Infrastructure Partners, has agreed to develop an integrated LNG import and power generation project at… The two joint venture partners have already developed one...
View ArticleTraders rush into derivatives to hedge against volatile oil and gas prices
Volatility in oil and natural gas trading has risen sharply after OPEG and Russia failed to agree on production cuts… Benchmark energy products have seen trading high volumes outside of U.S. market...
View ArticleMHPS starts building Units 1-3 at JERA’s Anegasaki power plant
Mitsubishi Hitachi Power Systems (MHPS) has begun work on a full turnkey contract to build Unit 1-3 at the Anegasaki… Once all commissioned through the summer, the three new units will reach a combined...
View Article'Corona effect' could obscure need to curb Germany’s emission
Contingency measures to contain the coronavirus have slowed industrial output and transport throughout Europe and might help Germany reach its… In China – first hit by the coronavirus outbreak –...
View ArticleGas turbine market forecast to top $10 billion by 2026
Rising need for renewables grid-integration will propel up the market value of gas turbines beyond $10 million by 2026. According… Deployment of these medium-sized turbines is spurred by the need to...
View ArticleSouth Korea’s power consumption could fall 1.9% due to pandemic
Fallouts of the corona pandemic could slow South Korea’s electricity consumption by nearly 2% this year as manufacturing, exports and… Quarantines and industry lockdowns in China have caused...
View ArticleItaly sees slump in gas demand since corona lockdown
Corona-struck Italy has seen demand for natural gas plunge 8% from the previous week, with similar declines likely in other… In Italy, natural gas is the predominant fuel for power generation and the...
View ArticleMAN to install more than 400 MW power gen capacity in Bangladesh
MAN Energy Solutions is supplying gas engines for a new 125 MW power plant and Chandpur, Bangladesh, and has handed… Chandpur Power Generation, part of Doreen Power, had ordered four 18V51/60TS and two...
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