U.S. oil major ExxonMobil has set its first company-wide targets to reduce emission from operations across the gas value chain. The aims is to reduce methane leaks by 15% and gas flaring by 25% by 2020, and Exxon said it has started to deploy new equipment at it upstream and midstream operations to reach these goals.
Siemens has opened a new competence center for digital precision in industrial 3D printing, the Additive Manufacturing Experience Center (Amec), on its campus in Erlangen, Germany. Amec targets machine builders, power plant operators and companies who use additive manufacturing to design and construct workpieces. Digitalization hereby plays a central role.
Technology of battery-based energy storage has matured and industry stakeholders in some regions of the United States have gained experience financing, procuring, and operating power storage installations. Lithium-ion chemistries batteries currently make up 80% of large-scale U.S. power storage, and most of the capacity is being installed in California followed by the Pennsylvania-New Jersey-Maryland Interconnection (PJM).
Just days after NTE Energy inaugurated its $645 million Middletown Energy Center in Ohio, the utility confirmed it will invest more than $1 billion to develop the 1,000-MW Anderson County Energy Center in South Carolina. Florida-based NTE hailed the 525-MW Middletown combined cycle facility as among the most efficient gas-fired power plants in the United States. The plant’s operation commenced on May 21, some 31 months after construction began.
Mexico, the largest buyer of US pipeline gas and LNG, is preparing a tender for strategic storage at depleted oil and gas reservoirs. Cenagas, the Mexican National Natural Gas Control Centre, has already selected four underground sites – Acuyo, Brasil, Jaf and Saramako – from a list of 15 proposed sites. Registering strong bidding interest from foreign players, the Mexican Energy Secretariat (Sener) will hold the tender in September 2018.
The United States has remained the world's top producer of petroleum and natural gas, reaching a record high output in 2017. Petroleum production surged by 745,000 barrels per day (b/d), driven by a 21% increase in oil prices to approximately $65 per barrel by the end of last year, and as of late oil prices keep rising.
Though the Pakistani government hailed the sudden surge in power production and supply, load-shedding still persists and cripples the local industry. Electric power supply jumped 48% to over 10,135 GWh in April, a substantial rise compared with 6,879 GWh in April last year, flowing the startup of three RLNG-fuelled power plants in Punjab province.
Quaid-e-Azam Thermal Power Private Ltd (QATPL), owned by the government of Punjab, has announced the completion of commissioning and start of full commercial operations at the Bhikki Power plant. Start of full-fledged commercial operations was on May 20 at midnight hours, supported by Harbin Electric International (HEI) and GE Power. Dispatch of the Bhikki combined-cycle plant now adds up to 1,180 MW of power to the national grid, enough to supply 2.4 million Pakistani homes.
Price-sensitive Japanese utilities prefer thermal coal over regasified LNG as they seek to minimize fuel costs for power generation. Consequently, Japan’s LNG imports fell 14.5% during the month of April to 5.60 million tonnes while import of thermal coal for power generation increased by 6.7% during April to 8.74 million tonnes, according to preliminary trade figures from the Japanese finance ministry.
Florida-based NextEra Energy has finalized a deal with Southern Company to acquire Gulf Power, Florida City Gas and its stakes in the Oleander and Stanton gas-fired power plants in Florida in transactions valued at approximately $6.475 billion, including $1.4 billion of Gulf Power debt. Post-closing NextEra expects it will still have substantial free cash flow.
Drax Group, together with C-Capture, has announced plans to pilot the first bioenergy carbon capture and storage (BCCS) project in Europe. The demonstration project will see Drax invest £400,000 in what it says “could be the first of several pilot projects” to deliver a rapid, lower cost demonstration of BECCS that could accelerate the commercialization of carbon capture in the UK.
An international team of scientists has discovered a mechanism for the formation of the simplest polycyclic aromatic hydrocarbon (PAH), naphthalene. This mechanism is now being used to create physically-based combustion models as the basis for fundamentally new, ecologically friendly combustion chambers for gas turbine engines.
Australia’s AGL Energy has turned down a A$250 million bid from Altina Energy to purchase the ageing Liddell coal-fired power plant, confirming it will shut the 2,051-MW facility as planned in 2022. Josh Frydenberg, the Australian energy minister, now urges AGL to commit to its transition plan of a staggered exit given the plant’s vital role to keep the energy system in balance in New South Wales.
Buildout of new gas pipeline capacity is progressing rapidly, in particular in the northeastern United States. By the end of 2018, if all projects come online by their scheduled service dates, more than 23 billion cubic feet per day (Bcf/d) of takeaway capacity will be online out of the Northeast by the end of 2018, according to EIA projections. This is more than three times the takeaway capacity at the end of 2014, and up from an estimated 16.7 Bcf/d at the end of 2017.
New Swiss law mandates the installation of smart electricity meters which increases the data volume of the energy infrastructure firm BKW Group more than 40,000-fold. Hence BWK approached Siemens to install a cloud-based data management system for power consumption data. The launch of the EnergyIP system will occur in early 2019.