Daily News

The New Northern Policy, launched by the South Korean president Moon Jae-in, is seeking new growth drivers in Russia and Northeast Asia. The Korean energy ministry announced Korea Electric Power Corp (KEPCO) will sign a memorandum of understanding with Russia's energy firm Rosseti later this year. The aim is to create a multinational power grid interconnection in the Northeast Asia region that also includes China and Japan.

Published in Regulation & Policy

Acceleration of Europe’s announced gas-fired power projects is likely after 2020, as many EU countries step up efforts to retire nuclear, lignite and hard coal-fired generation. According to Energy Aspects, there are 17 GW of proposed projects in the UK alone while across Europe that figure is 51 GW.

Published in Markets

More rigs have been drilled for natural gas than for oil in Saudi Arabia for the first time in seven years, marking a quiet but swift shift to gas and renewables in power generation. The Saudi Kingdom is accelerating its drive to reduce dependence on crude oil exports, while direct burning of heavy fuel oil (HFO) in the power sector has reached multi-year lows.

Published in Markets

Noble Energy and Delek Drilling and Noble Energy, partners in developing Israel’s Tamar and Leviathan gas fields, confirmed they signed a $15 billion deal to export up to 64 billion cubic meters (Bcm) of natural gas over 10 years to Egypt’s Dolphinus Holding. Hurdles of how to export the gas to Egypt have not been solved yet, but the Arab nation urgently needs the more gas supply to fuel three 4.8 gigawatt combined-cycle power plants, currently under construction.

Published in Markets

Substitution of Australia’s ageing coal- with gas power plants would be ideal to comply with the National Emission Reduction target but gas prices are very high and availability is tight which leads to “constrained electricity generation,” according to the IEA's latest Australia 2018 Review.  "Relatively high-cost production from unconventional gas” impact on the expansion of LNG projects in Western Australia and the start of LNG exports from Queensland. At the same time, domestic gas consumption has surged 70% over the past decade, notably in power generation.

Published in Markets

Perth-based Global Energy Ventures (GEV) is seeking to step up shipments of compressed natural gas (CNG) to the Indian subcontinent. “They’ve got major issues in terms of fuel supply,” GEV chief executive Maurice Brand said but cautioned “it's easier to just supply the fuel than build a power plant.

Published in Markets

BP has just started producing natural gas from the Atoll Phase-1 offshore Egypt, fostering hopes of Egyptian policymakers that domestic gas supply can reduce, and ultimately end, the country’s dependence on importing LNG to meet seasonal demand swings.

Published in Markets

US President Donald Trump has made reforms of the environmental permitting process for pipelines a key part of his $1.5 trillion infrastructure plan. Speeding up regulatory approvals will help fast-track both gas export pipelines to Mexico and interstate pipelines to transport cheap, domestic shale gas to the second wave of US LNG export projects.

Published in Regulation & Policy

Strong seasonal gas demand from the US power sector has pushed the country’s total consumption of natural gas by 13% this week, according to PointLogic Energy data. Exports to Mexico were rangebound, averaging 4.5 Bcf/d while six LNG vessels departed the Sabine Pass liquefaction facility from January 31 to February 7.

Published in Markets

Reacting to recurring power outages, South Africa is taking steps to reduce its reliance on aging coal-fired plants. Over the next five years, the Government plans to replace some out-dated coal capacity with nearly 10-GW of supercritical coal units. It seeks to attract investment to realize up to 4 GW of gas-fired independent power projects (IPPs) that would be supplied by imported LNG from floating terminals at Richards Bay and Port Coega starting in 2020.

Published in Markets
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News in Brief

Thermo Fisher launches new online sulphur analyser

April 23 – U.S.-based Thermo Fisher Scientific has launched SOLA iQ, an online sulphur analyser, that helps engineers in the oil and gas industry to measure total sulphur content of liquid or gas phase samples without requiring time-consuming lab analysis. Measurement ranges of the tool are from 2 parts per million (ppm) to 100%, with and limits of detection as low as 25 parts per billion (ppb).

FERC considers change of pipeline certification

April 20 – Kevin J. McIntyre, the chairman of the US Federal Energy Regulatory Commission (FERC) has given a general oversight hearing over plans for natural gas pipeline policy changes. “I decided that the first such review of my Chairmanship would involve taking a fresh look at FERC’s 1999 policy statement on the certification of interstate natural gas pipeline facilities,” he said. Under the Natural Gas Act, FERC has the responsibility to determine whether a proposed natural gas pipeline project is required by public convenience and necessity.

Turbine filter markets grows at 20%

April 19 – Market Insights Reports anticipates the global gas turbine filter market to grow at an annual rate of 15 to 20% through to 2023. The report gauges growth prospects by analysing diverse factors such as total market size, key market drivers, challenges and growth opportunities, technological changes as well as major manufacturers.

Kuwait spends over $140m on two power plant upgrades

April 18 – Kuwait's Ministry of Electricity and Water has signed two contracts, worth US$141 million (KWD47m), to upgrade the fuel reception and control systems of the Doha West and the Sabiya power plants. Works on the Doha West power station will span over 30 months, according to the ministry’s schedule, while project completion for the Sabiya project is set for no later than 29 November, 2018.

Enel launches 1st energy storage project in Canada

April 17 – Enel X, the energy services division of Enel Group through its US subsidiary EnerNOC, has struck an agreement with Algoma Orchards of Ontario, Canada to deploy a 1 MWh lithium-ion battery storage system under a contract spanning 11 years. The storage system will be deployed in the first half of 2018.

Investment in solar PV dwarfs new fossil generation

April 16 – Solar power is forecast to become the leading contributor of renewable energy, accounting for 98 GW, or 38%, of newly installed power generation capacity worldwide. Nearly $161 billion was invested worldwide in solar power technology in 2017, according to the Global Trends in Renewable Energy Investment 2018 report, compiled by BNEF under the UN Environment Program.

Simotics SD Pro suitable for up to 690 volts

April 13 – At Hannover Fair, Siemens is presenting its new low-voltage motor Simotics SD Pro suitable for mains-fed and converter operation with voltages up to 690 volts. The motor works reliably at efficiency class IE3 at both 50 and 60 hertz.

ABB controller now IEC 62443 certified

April 12 – ABB’s SD Series HPC800 controller, part of the company’s Symphony Plus portfolio, has received Embedded Device Security Assurance (EDSA) and IEC 62443 certifications. In the assessment, the controller met all requirements in the categories of software development lifecycle, functional security and communications robustness.

Rolls-Royces launches ‘Intelligent Insights’

April 11 – Rolls-Royce has introduced ‘Intelligent Insights’, part of its IntelligentEngine vision, at the MRO Americas conference. The tool brings new agility to decision making and improves the quality of data harnessed for customers.

GE to lead EPC for 1GW Ostroleka C power plant

April 10 – GE Power, together with Alstom Power Systems, has been selected to lead Engineering, Procurement and Construction (EPC) for the ultra-supercritical (USC) coal power plant Ostroleka C in Poland. Subject to the financial closure of the project, the plant will start commercial operation within 56 months after the notice to proceed and generate a gross output of 1,000 MW.

EDF’s new Bouchain CCGT reaches 62.22% efficiency

April 9 – Electricite de France (EDF) and GE have celebrated the official start of operation of the first ever combined-cycle power plant equipped with GE's HA gas turbine in Bouchain, France. Integrating high-efficiency power gen equipment with digital technology the CCGT reaches an overall efficiency of 62.22%.

GenOn sells 1.1GW Canal Generating Plant for $390m

March 28 – Due to bankruptcy restructuring, Houston based GenOn Energy (now part of NRG Energy), has agreed to divest the 1,112-MW units 1&2 at the Canal Generating Plant in Sandwich, Massachusetts to Stonepeak Kestrel Holdings for $320 million. Factoring in working capital, excess fuel inventory payments, and an anticipated refund from NRG for an expired option on Canal Unit 3, GenOn expects to receive $390.3 million from the deal.

Floating power market to top $1.4bn by 2022

March 27 – The market for floating power plants (<250MW capacity) is expected to grow at an annual rate of 10.11%, expanding from $889.6 million at present to reach $1,440 million by 2022. Main growth drivers, according to MarketsandMarkets, are cost advantages of floating over land-based power plants, particularly in regions with a lack of power infrastructure.

Cost for solar PV keeps falling

March 26 – System costs for utility-scale solar photovoltaic (PV) on a per-watt basis have fallen about 10% to 15% per year from 2010 through 2016. In the EIA’s Annual Energy Outlook (AEO2018) analysts anticipate that installed capital costs will come in at 1.85 per watt (AC) for fixed-tilt PV systems, and $2.11 per watt (AC) for single-axis tracking systems in 2018.

Sembcorp delivers ‘energy that makes a difference’

March 23 – Sembcorp Power, the electricity retail arm of Sembcorp Industries, has unveiled a series of initiatives that are meant to deliver Energy that Makes a Difference in Singapore. These measures include a commitment of S$100,000 to support social enterprises in energy, water and resource recovery over the next five years as well as competitive price plans to help businesses save money. For every new customer signed up, Sembcorp Power will give S$5 to selected beneficiaries to offset their electricity bills.

Siemens awards in-kind technology grant to UCF

March 22 – Siemens has entered the next phase of its 30-year academic partnership with the University of Central Florida (UCF), awarding researchers a major in-kind technology grant of its Product Lifecycle Management (PLM) software with a commercial value of $593 million. The software grant amplifies a similar 2016 grant that benefitted students in UCF's Center for Advanced Turbomachinery and Energy Research (CATER).

ABB creates virtual flow meters with Arundo Analytics

March 21 – Arundo Analytics, a Houston-based software developer, and ABB have worked together to create the first cloud-based virtual multiphase flow meters for the offshore oil and gas industry. Connecting ABB Ability and Arundo’s Composer and Fabric software, the virtual flow meter helps upstream companies gain real-time data to understand the constituent properties of any given stream of produced fluids.