Daily News

South Korean investor trio – GS EPS, Mirae Asset Daewoo and Hana Alternative Asset Management – have formed a joint venture to buy a 10% stake in a gas cogeneration plant in New Jersey. The 972-MW Linden power plant sells most of its electricity in the PJM market while steam and some electricity, is supplied to the Phillips 66 Bayway refinery in New Jersey.

The role of the grid is experiencing a pivotal change, amid rising requirements for grid balancing and renewable integration. Smart grids are forecasted to represent two-thirds of global net electricity by 2050. By then, an estimated $548 billion will be invested in battery capacity, says Seb Henbest at Bloomberg New Energy Finance (BNEF).

Gross natural gas production across the United States has risen by more than 10% in recent month, spurred by new drilling and completion techniques that propelled up output from Appalachian Basin in the Northeast, the Permian Basin in western Texas and New Mexico, and the Haynesville Shale in Texas and Louisiana. The contribution of these three regions has increased from 15% to nearly 50% of total gas production.

Russia’s oil and gas behemoth Gazprom has embarked on a process of re-estimating its hydrocarbon reserves. Procedures are meant to be completed in 2020. Gazprom’s proven natural gas reserves (А+В1+С1 categories) amount to 35.4 trillion cubic meters (Tcm), and the company underlined reserve addition rates over the past decade surpassed production rates.

Eni has acquired 124 exploration leases in the Eastern North Slope from Caelus Alaska Exploration Company. The leases are situated between the huge hydrocarbon finds at Prudhoe Bay and Point Thompson, and Eni said it now prepares for fast-track exploration with a short time to markets.

General Electric, together with Global Power Generation (GPG), has delivered a total plant solution for the 450-MW Tuxan combined-cycle gas power plant in Mexico. M501F gas turbine upgrades achieved a 9.2% output increase and a 2.9% efficiency improvement, while extending maintenance intervals to 32,000 hours.

ABB, working through local distributor Consorcio AMESA, has won a $6.4 million contract to install 62 units of Elastimold switchgear along Paseo de la Reforma — Mexico City’s iconic boulevard. The rollout is part of a $150 million Comisión Federal de Electricidad project to upgrade stability of power supply to data-intensive banks, government offices and corporate headquarters that line the street.

Symbion Power has named Clarke Energy as the preferred bidder for two important power plants in Rwanda, which will generate power from dissolved biogas from deep below Lake Kivu. Under the contract, Clarke Energy will provide 25 Jenbacher engines for Symbion Power’s Kivu 56 and KP1 power plants, increasing the overall capacity by 81 MW.

Exports of natural gas from the U.S. to Mexico by pipeline exceeded 5 billion cubic feet per day (Bcf/d) for the first time in July 2018, according to Genscape data, after several key interconnectors were commissioned. By the end of 2018, anther four of six major strategic pipelines within Mexico will start up, giving further scope for export of constraint Permian production in western Texas.

Boston-based developer Advanced Power has managed to gather all of the $1.3 billion in financing needed to build a 1,182-MW combined-cycle gas power plant in Ohio. Construction of the South Field Energy Project, handled by Bechtel, is due to be completed by Q2-2021.

The French oil major Total has signed a binding Letter of Intent (LOI) with Shell for the sale of its 26% minority equity stake in Hazira LNG regasification terminal in Gujarat, India. In addition, Total agreed to sell 0.5 mtpa of LNG to Shell over a 5-year period starting from 2019.

The global trend towards urbanization will increase business activities within some of the world fast-growing port cities, driving demand for Floating LNG power vessels. MarketsandMarkets analysis sees the FLNG power vessel market to expand from currently $860 million to nearly $932 million by 2023.

Bentley Systems and Siemens have decided to strengthen their strategic alliance by increasing the innovation investment program from the initial €50 million funding to €100 million. Making use of Siemens’ technical expertise and project management tools the two partner aim to create a full Digital Twin for the engineering and construction world.

Core inflation in Singapore has reached 1.9% – the fastest rise in four years – due to a surge gas and electricity tariffs. According to the Ministry of Trade and Industry (MTI), the uptick in energy prices was instated in July 2018 in reaction to a pickup in global oil prices in the preceding quarter.

Qatargas’commissioning cargo has berthed at Bangladesh’s first LNG import terminal, situated off Moheshkhali Island, has unloaded its commission cargo, received from Qatargas. Construction of the Moheshkhali Floating Storage and Regasification Unit (FSRU), developed by Exelerate, was finalized just 25 month after the project was first announced.

News in Brief

Aramco collaborates with Schneider Electric

Sept 21 – Saudi Aramco has signed a Memorandum of Understanding (MoU) with Schneider Electric to work together on various advanced digital technologies, including virtual reality. The MoU is one of several accords to support the Aramco’s 2020 Transformation Programme and the kingdom’s own Vision 2030 economic blueprint.

GE appoints new CCO

Sept 20 – Jennifer Erickson has been named Chief Communications Officer (CCO) for General Electric with immediate effect. Erickson will report to Linda Boff, Chief Marketing & Learning Officer, GE who called her “hard work, superb instincts and team leadership” as a great asset to help transform GE for the future.

ENGIE rated “industry leader” in DJSI

Sept 20 – ENGIE has been rated “industry leader” in its sector in the Dow Jones Sustainability Index (DJSI) World and Europe indices in 2018. In the area Multi and Water Utilities it achieved a score of 82 out of 100.

Fuel cell CHP market keeps growing at +24%

Sept 19 – The global market for fuel cell for combined heat and power (CHP) applications is forecast to grow at an annual rate of over 24% through 2022. Fuels cells are considered a clean source of energy that is highly expandable and can be used in a variety of applications. Top manufacturers include: Bloom Energy, FuelCell Energy, Viessmann, Baxi, Ceres Power, Doosan Fuel Cell and Toshiba.

Siemens Gamesa stays in DJ Sustainability Index

Sept 18 – For the ninth time running, Siemens Gamesa has been confirmed as member of the Dow Jones Sustainability World Indices (DJSI World). The Spanish company scored particularly well in the areas of codes of business conduct, supply chain management, operational eco-efficiency and product stewardship.

Oldest U.S. power plant retires

Sept 17 - The Oyster Creek Nuclear Generating Station, a 625 MW single-unit GE boiling water reactor in New Jersey, will retire today. The plant, situated 50 miles east of Philadelphia, first came online in December 1969 and is the oldest commercially operated nuclear power plant in the United States.

Power of Siberia 93% complete

Sept 14 – Gazprom CEO Alexey Miller has informed his Chinese counterpart at CNPC, Wang Yilin, that 93% or over 2,010 kilometers of the Power of Siberia pipeline’s linear part from the Chayandinskoye field to the border with China has been welded and laid. The submerged crossing under the Amur is also “nearly complete.”

Industry benefits of cheap Marcellus gas

Sept 13 – Commercial and industrial users in Pennsylvania have saved about $17.2 billion as a result of the low price of natural gas. Abundant production out of the Marcellus Shale and helped push the price down from $10.39 per thousand cubic feet in 2008 to currently below $3, and occasionally lower.

DNV GL opens digital hub in Singapore

Sept 12 – Driving digitalization across the oil & gas, maritime and energy sectors, DNV GL has launched a new digital hub in Singapore. Named Digital Consulting and Smart Cities, the new hub includes three teams covering smart cities, cybersecurity and digital development – all based on DNV GL’s data management platform Veracity.

Siemens launches floating power barge

Sept 11 – Siemens has developed barge-based, turnkey floating power solution that takes a critical part of an FLNG facility off a project’s critical path. According to the manufacturer, the integrated turnkey solution helps reduce overall project execution time by 25% or more.

ENGIE, Maltem found Blockchain Studio

Sept 10 –The French utility ENGIE and Maltem, an advisory on digitalization, have jointly founded a Blockchain Studio to make this technology more accessible to energy companies. An initial €1,9 million in seed funding has been secured, the companies said, which will be used to develop activities in southern Europe, and open an office in Singapore at the beginning o f 2019.

UPS for Dubrovnik Airport

Sept 7 – A new data center for Dubrovnik Airport in Croatia has been equipped with modular uninteruptible power supply (UPS). The solution ABB’s DPA UPScale ST 60 system CBAT-120 battery cabinets and the Rittal IT solutions.

FirstEnergy modernizes grid in Ohio

Sept 6 – FirstEnergy has started to rebuild and modernize an existing 69-kilovolt (kV) power line in its Ohio service area. The project is part of Energizing the Future, an investment initiative that has already led to a 37% reduction in equipment-related transmission outages across FirstEnergy ‘s power work in Ohio and the Penn Power territory in western Pennsylvania.

Wärtsilä supplies engines for 145-MW plant in Myanmar

Sept 5 – Wärtsilä gas engines have arrived at Ahlone port in Yangon, Myanmar, designated for a 145-MW power plant being built by Powergen Kyaukse Co. on behalf of Myanmar’s Ministry of Electricity and Energy. Powergen Kyaukse said it started civil works on site in preparation for installing the gas turbines. EPC contractor for the overall project is SEPCOIII Electric Power Construction of China.

Gas Turbine Control appoints new COO

Sept 4 – Gas Turbine Controls (GTC), supplier of replacement parts for all versions of GE power plant control systems particularly the Speedtronic series, has appointed John SantaCroce as new President and Chief Operating Officer (COO). John’s experience in finances, distribution and international sales is meant to benefit GTC clients through new products and service offerings

PennEnergy snaps up RexEnergy assets

Sept 3 – Pennsylvania-based gas producer PennEnergy has acquired nearly all assets of its former rival Rex Energy in a cash deal valued at an estimated US$600.5 million. Rex Energy recently filed for bankruptcy and had been primarily active in oil and gas exploration in the Appalachian Basin.

New GIS launched with 72.5kW

Aug 31 – GE Power’s Grid Solutions business has launched a new compact F35 Gas-Insulated Substation (GIS) for 72.5 kV networks. With a bay volume reduced by 23% and a 30% reduction in SF6 mass this new GIS allows the power voltage transformer to feed auxiliaries under “no wind” conditions, making it an ideal interface with a view to grid balancing.