The International Energy Agency (IEA) is calling for tougher regulation on methane emissions. Downstream oil and gas – notably refining, transmission, storage and distribution – is responsible for more than 20% of methane emissions, a potent greenhouse gas. Worldwide, downstream methane emissions amounted to 16 million tons (Mt) in 2020.
Ansaldo Energia has joined the European Union’s ‘Digital Volunteer Program’, aimed at bridging the digital skills gap in small and medium-sized industries. As part of this project, Ansaldo is mentoring the Italian manufacturer ATLA to develop a new procedure for inspecting hot gas components from turbines.
Quantifying the impact of Hurricane Ida, the US Department of Energy (DoE) said the storm initially left more than 1.2 million in the dark in Louisiana, Mississippi, and Alabama. Entergy still hasn’t restored power to all customers. By its estimates, full electricity supply may not be restored in certain southeastern Louisiana parishes until the end of September.
The German industry federation BDI has issued a stark warning against Government plans to bring forward the phase-out date for all coal power plants in the country from 2038. An early coal exit would undermine the security of electricity supply, BDI head Siegfrid Russwurm said, as gas-fired plants could not be built quick enough to make up for the lost capacity.
Petronet plans to build an LNG import facility in India’s East Coast state of Odisha. A feasibility study for a 4 mtpa Floating Storage and Regas Unit (FSRU) at Golapur Port is in the making, chairman Tarun Kapoor said, but the project would compete with another East Coast terminal at Dhamra Port, proposed by GAIL and the Adani Group.
Japan’s largest utility JERA, along with Mitsui and partners, has agreed to sell its entire stake in the Mexican utility MT Falcon Holdings to the British investment fund Actis GP for an undisclosed sum. JERA holds 20% in MT Falcon which runs five combined-cycle power plants (2.2 GW combined).
Germany could transform its economy to net zero emission by 2045 at no cost, McKinsey claims, as switching to green technologies opens up new growth. However, it would have to invest €1 trillion in new infrastructure, and €5 trillion to modernise existing power plants and gas grids.
Lower gas-burn in the US power generation sector will drive down overall gas consumption this year and next. Though total gas use across all end-use sectors is set to rise slightly in 2022 from an average 82.5 billion cubic feet per day (Bcf/d) this year – still 0.7 Bcf/d less than in 2020, EIA figures show.
Wärtsilä has been contracted to supply an energy storage system to Zenith Energy, an Independent Power Producer (IPP) in Australia. Zenith sells most of its electricity to large mining companies, so the 9.2 MW / 8.7MWh energy storage will address cyclical load demand in an underground mine, operating in parallel with an engine-driven power plant.
MAN Energy Solutions has received an order to supply six 18V51/60G engines, along with balance-of-plant equipment, to Lakeland Electric’s new 120 MW engine-driven power plant, to be built on a brownfield site in the city. MAN committed to deliver all equipment by July 2022.
Hydrogenious Technologies, a spinoff of FAU University Erlangen, has raised €50 million to scale up and commercialise its LOHC (liquid organic hydrogen carrier) technology. Liquid hydrogen is an efficient way to store and transport the increasingly popular fuel. The funding round was led by JERA Americas, investing €15 million, along with Temasek, Chevron and Pavilion Capital.
Australia’s AGL Energy has signed a pipeline gas supply deal with Cooper Energy after plans to develop the Crib Point LNG project in Victoria State were rejected on environmental grounds. Cooper Energy will sell all uncontracted gas from Casino, Henry and Netherby fields to AGL as of January 2022.
News in Brief
Rolls-Royce supplies MTU engines to Sanlorenzo
Sept 27 – Rolls-Royce business unit Power Systems will become one of the leading engine suppliers for Sanlorenzo, delivering MTU 10V, 12V and 16V 2000 yacht engines with a compact IMO 3 solution. A framework contract from 2022 through 2024 has been signed at the Monaco Yacht Show.
Shell exits Permian Basin
Sept 24 – Royal Dutch Shell has sold all its upstream interested in US Permian Basin to ConocoPhillips for $9.5 billion in cash. Shell’s assets in the Permian include around 225,000 net acres with a current production of around 175,000 barrels per day equivalent.
Global biogas market tops $88bn in 2030
Sept 22 – The global biogas market is set to expand at a rate of 8.4% annually and reach $88.47 billion in 2025. According to ResearchAndMarkets, the main growth drivers are small-scale power generators that use biogas derived from municipal or agricultural waste through anerobic digestion. Europe was the largest region in the biogas market in 2020, though Asia Pacific recorded the fastest growth.
Fatih Birol on Time 100 list
Sept 20 – The Executive Director of the International Energy Agency (IEA), Fatih Birol has been named as one of the 100 most influential people by Time Magazine in its annual list. ““In a world where facts are assaulted, Fatih Birol combines the best of high-tech data, optimistic know-how and old-school rhetorical finesse,” US Special Presidential Envoy for Climate John Kerry commented, suggesting the IEA head would use his authority to “slash carbon emissions and save our planet.”
Chevron lacks Net Zero target
Sept 17 – US oil major Chevron is plans to further reduce greenhouse gas emissions along its oil and gas value chain, but lacks a clear Net Zero target. CEO Mike Wirth told investors and shareholders “an ultimate pathway to net zero will require technology advancements, more ambitious government policy, and development of large offset markets.” Concrete steps will be revealed in next month’s update to Chevron’s climate change resilience report.
Paul Browning to lead MHI’s energy transition team
Sept 15 – Mitsubishi has appointed Paul Browning as deputy head of Energy Transition & Power Headquarters, Energy Systems at Mitsubishi Heavy Industries (MHI). Browning is currently CEO of Mitsubishi Power Americas and will move to the new position on October 1, 2021.
Linde to help build liquefaction plant in Russia
Sept 14 – Gazprom has handed an EPC contract to Linde, Renaissance Heavy Industries and RusKhimAlyans, to build a gas liquefaction plant within the Gas Processing Complex (GPC) at the port of Ust-Luga, west of St Petersburg. The GPC will process ethane-containing gas into various fuels, and the two-Train liquefaction plant will have a design capacity for 13 million tons of LNG per year.
Santos completes Oil Search takeover
Sept 13 – Australian LNG exporter Santos has completed the takeover of Oil Search in a deal worth A$8.40 billion (US$6.25 billion). The all-share transaction brings together upstream oil and gas and LNG export assets in the Timor Sea, the Australian state of Queensland and in Papua New Guinea. Under the deal, Santos holds a 61.5% share of the merged company and Oil Search the remaining 38.5%.
Rolls-Royce goes green at DSEI trade show
Sept 10 – Rolls-Royce Energy Solutions is showcasing a range of sustainable power solutions at the DSEI trade show in London this week. The company’s is currently exploring how its Defence business can contribute to wider corporate objectives such as sustainability, electrification, and the development of digital technologies
Wärtsilä develops mobile battery for inland vessels
Sept 8 – Wärtsilä has developed and delivered a mobile battery container to enable inland waterway vessels to operate with zero emissions to ZES, a Dutch company founded in 2020 by ING Bank, the French utility Engie and the Port of Rotterdam. The two containers were delivered in June and the batteries are in continues operation since then.
EU-funds project for energy efficiency
Sept 7 – Today, the European Union (EU) funded HEATLEAP project has been launched to demonstrate the benefits of waste heat recovery systems such as large heat pumps for industries and gas expanders for electric utilities. Turboden will coordinate the project whereby heat pumps and gas expanders are tested at real scale.
EnerMech signs new deals in Americas
Sept 6 – Integrated solutions specialist EnerMech has secured several multi-sector contracts in the Americas. The multiple sector awards span the oil and gas, petrochemicals, maritime, and power generation industries. The largest contract is for nitrogen and leak testing of installations for an E&P operator in offshore Gulf of Mexico. As a result of these new awards EnerMech doubled its electrical team, and increased the number of mechanical pipefitters.
ACWA Power to hold IPO
Sept 3 – ACWA Power International has launched an initial public offering (IPO) to list its shares on the Saudi stock exchange, the Tadawul. The ACWA Power share sale will be the biggest in the Kingdom since the 2019 floatation of Saudi Aramco, which sold 1.5% of its shares and the trading debut valued the oil and gas business at $1.88 trillion.
Iran braces for winter gas shortage
Sept 2 – Iran’s Thermal Power Plant Holding (TPPH) has urged the energy ministry to take precaution to avoid fuel shortages in the coming winter. “We have faced serious problems last year due to the lack of gas and liquid fuel required by the power plants, and there is a concern that we will not be able to fully meet the country’s electricity needs this winter either,” said TPPH’s managing director Mohsen Tarztalab. Since households customers are prioritised and significantly increase their gas consumption in the coal season, power generators often have to resort to burning liquid fuels instead.
LYTT technology monitors carbon capture
Sept 1 – LYTT, a provider of real-time insights to oil and gas operators through a fiber optic sensor, LYTT is testing novel technology to monitor CO2 transport and migration in storage reservoirs together with SINTEF, an institute for applied research. Tracking dynamic multiphase flow is essential when monitoring the long-term effectiveness of carbon capture storage (CCS).
Gazprom invests in Russian gas grid
Sept 1 – Gazprom’s board of directors has approved 2.9 times more financing for new gas supply and infrastructure in 2021-2025 than in the previous five-year period. Over two-thirds of the investments will be made in rural areas, Gazprom explained, and by 2026, the gas grid expansion is planned to be “completed to the fullest extent possible in 35 regions of Russia.”
Woodside pioneers MAN’s Factory LNG solution
Aug 30 – Australian LNG pioneer Woodside is working with MAN to commercialise a solution for small-to-mid scale LNG production. Known as Factory LNG, concept involves a nominal 0.05 mtpa unit, the size of 40-foot ISO shipping container that can be transported via standard heavy-lift ships and trucks. The compact design shortens construction timeframes compared to traditional stick-built or modular LNG trains.
