To provide energy at well site, Siemens and Statoil have jointly developed and qualified a Subsea Hydraulic Power Unit (SHPU) for use in offshore oil and gas fields. The unit can replace hydraulic power transmission lines with local subsea hydraulic power generation and storage.
Separate reverse auctions for imported gas are on the cards in India this month, as the government implements different subsidy mechanisms to differentiate between the haves and the have nots. Over 14,300 MW has been classified as stranded generating capacity, while another 9,800 MW has an average plant load factor (PLF) of just 32% due to gas shortages.
With gas prices seen to remain on low levels, the US Energy Information Administration (EIA) has increased its earlier forecast for domestic gas demand, driven by a higher utilisation of cleaner-burning fuel in the power generation sector and rising industrial use.
State-owned Oman Power and Water Procurement Company (OPWP) has opened a tender for the provision of consultancy services to the Salalah 2 Independent Power Plant (IPP), drawing bids from an array of international developers. OPWP wants the project to be implemented on a build-own-operate basis.
Wholesale energy prices in the UK have plunged to a fresh low. Electricity prices averaged their lowest in four years during Q1-2015 as continued gas oversupply has turned Britain into a 'market of last resort' for LNG, while coal imports picked up notably prior to the carbon tax increase on April 1.
To fill the gap between its 40+MW aeroderivative LM6000s and 600+MW industrial gas turbines, GE has the LMS100. It takes the low pressure compressor designed for the Frame 6FA GT, runs the air through an intercooler, and then into a supercore which is based on the LM6000. "In combination, this provides 100 MW of power and ten minute start times," said Phil Tinne, GE's LMS100 product manager.
Swiss power plant developer Advanced Power has agreed financing for an $899 million combined-cycle gas generating plant (700 MW) in Ohio. Project financing deals see TIAA-CREF, Chubu Electric, Ullico and Prudential Capital provide $411 million in equity while $488 million in senior secured credit facilities come from ten commercial banks led by BNP Paribas and Credit Agricole.
Panda Power Funds and Sunbury Generation, the developers of the Hummel Power Station, have filed an application to the Pennsylvania Department of Environmental Protection with the aim to modify an already approved air permit that authorizes the construction of a 3-unit CCGT with a capacity of 1,064 MW in Snyder County.
Colorado-based Western Energy Partners is considering spending close to $1 billion to build a 750-megawatt combined gas and solar photovoltaic power plant in San Juan County, New Mexico. Construction is scheduled to be finished in mid-2019, with natural gas set to provide 680 MW of the plant's overall capacity with the remainder generated by solar panels.
US-based PowerPHASE has developed TurboPHASE, a compressed-air system for boosting gas turbines that can deliver peak power output within a minute or so after pressing the 'start' button. An 80MW TurboPHASE on an 800MW 2x1 power plant can be installed system ready in three working days on a space of around 630 square metres.
Bidell Gas Compression is now a platinum level participant of GE's gas compression power packager program in Canada, gaining enhanced access to Waukesha parts and skilled service technicians.
Houston, the 'energy capital of the world', is home to Siemens' newly opened oil & gas headquarters. Board member Lisa Davis singled out Houston as a "critical location for the company's long-term growth" as it brings the German OEM closer to its upstream, midstream and downstream customers.
Flexible rather than conventional gas generation could save Britain between £380 million to £550 million by 2020 and up to £1.54 billion by 2030 alone through reduced balancing costs incurred by National Grid, research commissioned by Wärtsilä through Redpoint Energy and Imperial College London shows. The modelling is based on replacing 4.8GW of conventional CCGTs with 4.8GW of gas-fired Smart Power Generation.
The Government of India has announced it will cap the price of domestically produced natural gas at $4.66/mmbtu between April 1 and September 30, 2015 – a 7.7% cut from previous prices at $5.61/mmbtu. Affordable gas is meant to help increase the load factor of stranded power plants. Meanwhile, operators are gearing up to bid for subsidized imported gas in a reverse auction.