Dirty king coal is still on track to surpass natural gas generation for 2017, with total shares of almost 32 % and 31%, respectively, the latest short-term energy outlook from the Energy Information Administration (EIA) shows. That near-tie comes after natural gas generated 34% of the nation’s electricity needs in 2016, with coal finishing at 30%.
The re-balancing of global oil markets is viewed by the IEA as “a stubborn process” given that some producers, party to the OPEC’s output cut agreement, are "showing signs of weakening their resolve." The compliance rate fell again in July to a new low of 75% from June’s 77%. Still, IEA analysts believe “the market is re-balancing” as the price of Brent crude recently stabilised above $50/bbl.
Aug 18 – Escalating costs, falling electricity demand, construction delays, and the bankruptcy of Westinghouse, have prompted South Carolina Electric & Gas Company, part of SCANA Corp, to pull the plug on two nuclear reactors at the V.C. Summer nuclear power plant. The project was launched back in 2009, and the reactors were scheduled to come online in 2019 and 2020.
Two offshore projects by China National Offshore Oil Corporation (CNOOC) – the Penglai 19-3 oil field and the Dongfang 13-2 gas field – will be powered by Dresser-Rand equipment. The business, now part of Siemens Power and Gas, won orders from CNOOC and from Harbin Guanghan Gas Turbine (HGGT).
Turning his back on former President Obama’s clean energy aspirations, the new FERC chairman Neil Chatterjee calls for coal to be “properly compensated” for baseload power and “recognized as an essential part of the fuel mix.” Asserting his commitment to the “resilience and reliability” of the US electric system, he said in a podcast released by FERC this week that ensuring security of supply would merit keeping even uneconomic coal and nuclear power plants operational. “These are essential to national security,” he claimed.
To restore deteriorating output, La Paloma Generating Company (LPGC) considered an upgrade of turbine components, but found a cheaper way: "After doing a net present value analysis of the money we would have to invest and how much power we would recover, fogging turned to be really, really good in terms of dollars per kW," said Pablo Cortes Oseguera, LPGC engineering and maintenance manager. "It made a lot of sense to our owners."
ComEd, a unit of Chicago-based Exelon Corp, has turned to ABB’s latest distribution and outage management systems in order to minimize the impact of outages for its customers across northern Illinois. ABB Ability, an integrated software platform, allows for real-time monitoring, network analysis and outage management.
Aug 17 – Indonesia’s power producer ENMP, together with tenants of the Bantaeng Industrial Park has signed a Heads of Agreement (HoA) in Jakarta for the development of a 600MW combined-cycle power plant. The CCGT will be fuelled by LNG that will be sourced through Philippines-based AG&P, a specialist for bringing LNG to markets that are currently off-grid.
Aug 16 - To complete coverage of U.S. crude oil and natural gas production, the US Energy Information Administration (EIA) is expanding the Drilling Productivity Report (DPR) to cover the Anadarko region. This prolific area covers most of the production from the Anadarko Basin in 24 counties in Oklahoma and five counties in Texas.
A tender for the procurement of LNG for 500 MW decentralized power in Indonesia will be opened by Singapore in due course. Maritime minister Luhut Pandjaitan announced the LNG cargoes will be shipped to small-scale, decentralized power plants (25-50 MW) in seven locations in close proximity to Singapore.