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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...

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Wärtsilä 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...

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Cummins 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...

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Japan’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...

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Construction 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...

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Henry 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....

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Woodside 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,...

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U.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)...

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Fine 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,...

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Recession 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...

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AEG 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...

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Westwood 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...

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Thermo-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...

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Sharp 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...

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Williams 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...

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Germany "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,...

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Linde 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...

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Exelon 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...

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JERA 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...

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Gazprom, 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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