U.S. rig count falls as demand for gas stays low at home and abroad
Though U.S. rig counts decline and dry gas production fell by 0.3% in recent weeks, overall gas supply is up… The discount of gas prices in the Permian Basin to the U.S. bellwether Henry Hub is...
View ArticleWärtsilä wins 200 MW power plant contract in South America
The Finish technology group Wärtsilä will supply a flexible baseload 200 MW power plant to a country in the Northern… Once fully operational, the 200 MW fast-starting Wärtsilä solution will provide...
View ArticleCummins to install QSK60G lean burn gas genset in Spain
TROIL Vegas Altas, an olive oil treatment plant in Valdetorres, Spain, has contracted Cummins to install a QSK60G lean burn… Olive oil manufacturing is complex and the treatment of oil sludge, a...
View ArticleJapan’s policy to close less-efficient coal plants creates upside for LNG
Coal is no longer a favourite fuel in Japan’s new energy policy which stipulates to mothball or retire up to… However, rather than phasing out all of Japan’s pre-1995 coal-fired fleet, market observers...
View ArticleConstruction starts on 1.4 GW Viking Link between UK and Denmark
National Grid has started the construction phase of the 1.4 GW Viking Link – the world’s longest interconnector stretching over… Viking Link, a joint venture between National Grid Ventures and the...
View ArticleHenry Hub gas prices fall to record low in June
Monthly gas prices at the U.S. Henry Hub have fallen to a low of $1.63 per MMBtu in June –… In the first half of 2020, the average Henry Hub spot price plunged to record lows of around $1.81 per MMBtu....
View ArticleWoodside takes A$6.3 billion hit as sales revenue plunges
Australia’s Woodside Petroleum has announced write-downs of nearly A$6.3 billion (US$3.92bn), mostly related to its exploration assets. Australia’s largest oil… Like most of its industry peers,...
View ArticleU.S. marketed gas production continues to fall
Marketed gas production in the United States keeps falling to an average 96 Bcf/d in 2020, down from 99 Bcf/d… Oil and gas production in the United States in April fell by 670,000 barrels per day (b/d)...
View ArticleFine tuning engine fuels in the far north
Through careful analysis, Wärtsilä’s Fuel Laboratory Services (FLS) team in Vaasa, Finland, can adapt engines to run more efficiently on… The FLS team is part of Wartsila’s energy solutions division,...
View ArticleRecession could pull down German power prices by €10.20/MWh
Should Germany’s energy demand stay subdued, wholesale power prices could fall by €10.20 per MWh in 2021, compared to pre-COVID… In its baseline scenario, Germany’s Federal Council of Economic Experts...
View ArticleAEG storage converters run hybrid off-grid power plant in Nigeria
AEG Power Solutions has installed Convert SC Flex storage converters to help run Africa’s largest off-grid solar hybrid power plant… Storage systems are key to the hybrid off-grid installations as they...
View ArticleWestwood sees EPC contract awards rebound to $13 billion in 2021-24
Westwood Global Group says engineering, procurement and construction (EPC) contract awards for floating structures will reach just over $5 billion… The Aberdeen-based consultancy’s latest EPC value...
View ArticleThermo-acoustic instabilities point to turbine improvements
Solving thermoacoustic instabilities for gas turbines can substantially speed up the design-period, research at the Technical University Munich (TUM) shows. Results… Typically, when instabilities for...
View ArticleSharp rise in U.S. power project delays due to Covid-19 mitigation
Commercial in-service dates of U.S. power projects are beset by delays. In March and April 2020, commissioning of 21% and… Though the ongoing pandemic affects projects in all stages, projects in the...
View ArticleWilliams gets FERC approval to advance Leidy South pipeline project
Williams has received approval from the U.S. Federal Energy Regulatory Commission (FERC) to move forward with the Leidy South Project.… Leidy South will create 582,400 dekatherm (dth) per day of...
View ArticleGermany "not in the greatest hurry" to build LNG import terminal
Low prices for pipeline gas imports have rendered the economics of building a German LNG import plant less attractive. The… Germany’s Federal Council of Economic Experts, in its baseline scenario,...
View ArticleLinde signs MoU with China Power to develop green hydrogen
Industrial gas company Linde has signed a Memorandum of Understanding (MoU) with Beijing Green Hydrogen Technology Development, part of China… The MoU also stipulates hydrogen technology research and...
View ArticleExelon claims ISO New England ends Mystic power tariff “hastily”
Exelon Corp has accused ISO New England of putting Boston’s power supply security at risk by “hastily” eliminating the out-of-market… By “hastily” implementing changes to its capacity retirement...
View ArticleJERA fast-tracks work on LNG-to-Power project (718 MW) near Dhaka
JERA, Japan’s largest LNG importer and electric utility, and Reliance of India are fast-tracking construction on a LNG-to-Power project near… Reliance in September 2019 sold a 49% stake in the project...
View ArticleGazprom, Botas defy threat of U.S. sanctions against TurkStream
The U.S. Administration has decided to end of grandfather clauses, a legal exception that spares companies involved in TurkStream from… “Get out now or risk the consequences,” he said when announcing...
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