BP has brought into the biogas sector, snapping up Clean Energy Fuels Corp's biomethane production assets for $155 million on March 1st. The move further expands its gas supply portfolio in the US and reflects a strategic shift toward less carbon-intensive projects.
BP said in a strategy update on Feb 28th that it was exploring new investments in low-carbon forms of energy, a part of the industry in which it sees significant future business potential.
ABB has successfully commissioned Denmark’s first urban energy storage system. The Lithion-ion based battery energy storage system (BESS) will be integrated with the local electricity grid in the new harbour district of Nordhavn, Copenhagen.
German chancellor Angela Merkel and Egyptian president Abdel Fattah El-Sisi have symbolically inaugurated the first phase of Siemens' Megaproject in Egypt on March 2.
“The event marks an important milestone towards the completion of the project, which will boost the country's power generation capacity by 45% when finished” Siemens said.
A new decree regulating auctions for bundled regasification and storage capacity for industrial players has been published on Italy's Official Gazette on February 24.
MAN Diesel & Turbo has inked a training contract with Gabon’s public development company for power and water, Societe du Patrimoine, to train the staff of the Cap Lopez power plant, located close to Port Gentil, Gabon.
Thermoelectric generation in France continued to see sharp year on year increases in January, rising some 71% to 8.3 TWh, according to data from grid operator Rte.
The trend was on the back of the ongoing spell of cold weather affecting the country, and as thermoelectric power plants compensated lower output from nuclear plants (-2.6% at 40.5 TWh), and wind installations (-29% at 2 TWh).
A glut of LNG supplies in the coming years as new liquefaction projects come online at global level might lead to increased coal-to-gas switching in European markets, a recent paper by the Oxford Institute for Energy Studies (OIES) suggested.
Natural gas demand for power generation was down 13.2% year on year in December 2016 in the US, standing at 669 billion cubic feet (Bcf), or 21.6 Bcf/day, according to data from the US Energy Information Administration (EIA).
However, gas consumption posted increases in all other sectors, with residential consumption being up 34.9% at 797 Bcf or 25.7 Bcf/day; commercial deliveries increasing by 31.8% to 464 Bcf, or 15.0 Bcf/day, their highest level for December since 2013 and industrial deliveries gaining 8.3% year on year at 731 Bcf, or 23.6 Bcf/day.
Mexico should pursue an “active competition policy” in order to harness the benefit of the reform of its energy market initiated in recent years, the International Energy Agency (IEA) said.
Polish Oil and Gas Company (PGNiG) has signed a long-term agreement to supply natural gas to steelmaker ArcelorMittal in Poland.
Failures at gas-fired power plants in New South Wales during a heatwave affecting eastern Australia at the beginning of February contributed to an overload in the electricity system in the state, according to a report of the Australian Energy Market Operator (AEMO).
Injections of biomethane into the national gas grid rose 162% year on year in 2016 in France, standing at 215 GWh.
It emerged from a report published by grid operators Tigf, GrDF and GRTGaz, together with renewable and gas associations Ser and Spegnn.
Economic growth and an expanding population are going to pose a challenge for New Zealand from an energy perspective, requiring increased efforts in terms of both technology and policy, the International Energy Agency said.
In its latest New Zealand 2017 review of energy policies in the country, IEA stressed that despite New Zealand having long been “a global leader in developing effective energy markets, renewable energy and establishing robust policies for electricity security”, over the past decade its growing energy needs have “outpaced improvements in energy efficiency, mainly because of the country’s expanding economy and growing population.”