MAN Energy Solutions in consortium with the Danish power-plant specialist Burmeister & Wain Scandinavian Contractor, has won a $ 100 million contract to build a 56 MW power plant in Bermuda. The customer, Bermuda Electric Light Company (BELCO), is the sole electricity supplier on the island. Construction and commissioning is slated to be completed within 18 months.
Energy Transfer Partners (ETP), developer of the $4.3-billion Rover Pipeline, has accused the Ohio Environmental Protection Agency of attempting to delay the project’s completion. By raising this claim, ETP is trying to fight back against a regulatory notice over low-level contamination.
Russia’s natural gas giant Gazprom, the largest supplier to the EU, is accelerating efforts to export gas to China. Construction of the ‘Power or Siberia’ pipeline to northern China via the Altai pass is now 90.5% complete. In pre-developing the huge Chayandinskoye field, Gazprom said it is “acting in strict compliance” with the start of Russian gas deliveries to China, due on December 20, 2019.
Oil and gas giant Royal Dutch Shell has underwhelmed expectations by posting a Q2 net income of $4.69 billion – less than even the lowest analyst forecast. The launch of a $25 billion share buyback, however, is seen as a signal that Shell has recovered from a three-year downturn in the energy sector.
Speedy development of Argentina’s Vaca Muerta shale gas play is hope to accelerated plans to restart exports of pipeline gas to Chile and end imports of LNG cargoes within in a few years’ time. Repsol-YPY, the Spanish Argentine joint venture, just signed a contract to supply gas via the Andes to Chile’s southern province of Biobio.
The Swiss arm of MAN Diesel & Turbo and ABB Switzerland have started to jointly develop, produce and commercialize a three-way Electro-Thermal Energy Storage system (ETES). Based on so-called ‘charging cycle,’ the ETES uses surplus renewable-electricity to generate heat and cold for storage in insulated reservoirs. The stored heat and cold can then be converted back into electrical energy on demand.
Assessing the link between economic growth and energy demand, the U.S. Energy Information Administration (EIA) expects that China, India and Africa – three heavily populated parts of the world – will account for 36% of global energy consumption in 2040. “How these regions develop economically is likely to have important implications for global energy markets because of increased demand from the production and provision of goods and services,” the EIA said in its International Energy Outlook 2018 (IEO2018).
Eager to gain proprietary turbine technology, State Power Investment Corporation (SPIC) of China has signed a Memorandum of Understanding (MoU) with Ansaldo Energia this week to achieve mutually beneficial results in the heavy duty gas turbine area. The accord comes just weeks after Siemens and SPIC struck a technology cooperation in early June to enhance their heavy duty gas turbine programme.
South Korea has called off plans to phase out nuclear power after a summer heatwave exposed security of supply issues. Eager to avert the risk of blackouts, the Administration of President Moon Jae-in mandated five nuclear power plants to restart operations in order to support LNG and coal-fired power generation during the peak demand period of August.
The ‘Egypt Megaproject’ – three power stations at Beni Suef, Burullus and New Capital with a total capacity of 14.4 GW – have been completed and commissioned in record time. With this milestone, Egypt and Siemens and its consortium partners, Orascom Construction and Elsewedy Electric, have set a new world record for execution of modern, fast-track power projects.
Deployment of large-scale battery storage is rapidly increasing across the United States, but capital costs of energy storage systems vary greatly, dependent on the technology uses. Energy-oriented batteries systems, used for peakload shaving, are designed for longer durations and consequently have higher average costs per kilowatt and lower costs per kilowatthour. This type is mostly used in the California Independent System Operator (CAISO) area.
China’s State Power Investment Corp (SPIC) and the Italian turbine manufacturer Ansaldo Energia have signed a Memorandum of Understanding (MoU) to cooperate on developing a new gas turbine. The two partners stated the technical cooperation will focus on heavy-duty gas turbines and is aimed at setting up a “win-win partnership”.
Lacklustre rewards and regulatory risk is weighing down the oil, gas and coal sector, hence the Institute for Energy Economics and Financial Analysis (IEEFA) sees a growing rationale for divesting from the fossil fuel industry. “Future returns from the fossil fuel sector will not replicate past performance,” IEEF analysts warned.
General Electricity Company of Libya (GECOL) is gearing up to adding 500 MW of gas power generation capacity to the national power grid. The additional supply comes from the start-up of unit-1 at the Gulf Power Plant in Sirte and Unit-2 of the Al-Sareer Power Plant.
Fivesgroup, an Italian industrial engineering group, has opened up its European test centre based in the Italy’s northern province of Piacenza. Claimed to be the largest combustion research centre in Europe, the centre will help Fives to reduce time-to-market of new systems through digital design processes.