Daily News

Surging energy prices in Germany are hitting industry and household customers, but the economy ministry does not intend to intervene at this point. Nord Stream 2 will bring some respite, though the start-up date of the Russian gas interconnector has been pushed back from October to the end of 2021.

Siemens Energy and consortium partner Sumitomo Electric have signed a contract with Greenlink Interconnector to deliver high-voltage direct current (HVDC) converters for the 190km UK-Ireland interconnector. Works for the bi-directional 500 MW power link will begin at the start of 2020.

Fast-rising gas prices at the UK National Balancing Point (NBP) are causing a wave of bankruptcies. Bulb, Britain's sixth largest energy company, is seeking a bailout and Government promised to intervene by offering state-backed loans to surviving energy firms to ensure stable supply to end-customers this winter.

Traded natural gas prices at Europe’s main hubs, the British NBP and the Dutch TTF, have reached record levels. The UK NBP price for the end of the summer season has risen more than four-fold in six months to the equivalent of $25.95 per million British termal units (MMBtu) on September 21, while TTF prices soared to the equivalent of $25.80 per MMBtu the same day.

Virginia-based AES has acquired the remaining half of its LNG-fuelled power station in Panama from Inversiones Bahia. The purchase of a 49.9% stake in AES Colón gives the American multi-national utility full control over the 381 MW combined-cycle gas power unit and the adjacent LNG regas terminal with 180,000 cbm storage at the Atlantic seaport town.

MAN Energy Solutions is forging ahead with installing the world’s first ETES (Electro-Thermal Energy Storage) heat-pump for multi-utility company, DIN Forsyning. Once completed, the power plant will supply climate-neutral district heating to 25,000 households in the Danish port town of Esbjerg.

US-based 8 Rivers Capital has teamed up with Navigator Terminals to enter the UK market for handling and storing carbon dioxide, hydrogen and ammonia. Their pilot projectis the Whitetail 300 MW ‘Net Zero’ power station at Teeside (NET), where nearly all air emissions will be eliminated while CO2 will be captured and stored offshore.

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.

News in Brief

CCUS market to reach nearly $3bn in 2025

Oct 25 – The global carbon capture, utilization, and storage (CCUS) market will grow from $1.30 billion in 2020 to $1.46 billion in 2021, according to ResearchAndMarket estimates. The rebound comes as companies return to normal operations and sales, after a pandemic-related slowdown. Analysts expect the market will keep growing at a rate of nearly 20% annually to reach $2.97 billion by 2025.

SDG&E accelerates drive towards Net Zero by 2045

Oct 20 – San Diego Gas & Electric Company (SDG&E) has set a new sustainability strategy, outlining new and accelerated goals to help meet its pledge to reach net zero greenhouse gas (GHG) emissions by 2045. SDG&E it now seeks to operate a 100% zero emissions vehicle fleet by 2035 – five years earlier than planned.

B&W develops biomass-to-hydrogen plant in Australia

Oct 19 – B&W's Renewable segment and Port Anthony Renewables Ltd have started to develop a biomass-to-hydrogen energy project in Victoria, Australia, based on B&W’s BrightLoop technology. When completed, the plant is expected to be part of the largest green hydrogen hub in south-eastern Australia.

LNG prices rise faster than oil

Oct 18 – Liquefied natural gas and pipeline supplies have experienced an even sharper increase in prices in 2021 than oil, driven by a combination of circumstances that included a strong recovery in demand in North Asia, southeast Asia and Europe, unseasonal weather and planned and unplanned capacity outages.

Wärtsilä shaft gensets to power two LNG carriers

Oct 14 – The Finish technology group Wärtsilä has been awarded a contract to supply four shaft generators to provide electricity take-off from the main engines of two LNG carriers. The ships are being built at the Hyundai Heavy Industries (HHI) shipyard in Korea on behalf of the Capital Gas Ship Management of Greece.

VoltH2 gets green light for large hydrogen plant

Oct 13 – Vision Hydrogen Corp has announced that its affiliate VoltHe has received building and environmental permits to realise its first large-scale hydrogen plant at the Dutch North Sea Port of Vlissingen. The 5 MW hydrogen plant is located near existing high voltage power and gas infrastructure as well as large wind power assets. Once operational, it will produce around 3,500 tons of green hydrogen per year and will be scalable to 100 MW or 14,000 tons.

Tesla overtakes German e-cars

Oct 12 – Sales of Tesla in Germany has overtaken that of leading German carmakers. In September, more electric Tesla Model 3s were registered in the country than leading domestic models, such as the BMW 3 Series, Audi A4 and Mercedes C-Class combined.

EnerMech spends £500k on crane training tech

Oct 11 – EnerMech has invested £500,000 in new crane simulator training systems at its Luanda (Angola), Doha (Qatar) and Great Yarmouth (UK) facilities. The British company recently formed a joint venture with 3t Energy Group to bring the KraneSIM-6000 equipment to both Qatar and Angola and offer in-country training across client organisations globally.  

Germany finances green hydrogen projects abroad

Oct 8 – The German government has agreed to support green hydrogen projects in other countries with up to €350 million by 2024, the economy ministry said when publishing a directive with relevant guidelines. Moreover, financial support is given to projects that produce and process green hydrogen for storage, transport and use in countries outside the EU through investment grants worth up to €15 million each.

UK e-car sales surge 186%

Oct 6 – Sales electric cars in the UK have surged 186% to a total of 108,000 in 2020 during the pandemic, up from just 38,000 in the previous year. Latest statistics show there were nearly 300,000 pure-electric cars on UK roads at the end of August 2021, and more than 600,000 plug-in models if including plug-in hybrids (PHEVs).

FogHorn deploys AI software at Chugoku Electric Power in Japan

Oct 4 – FogHorn, developer of Edge AI software, has deployed its Internet of Things (IoT) software at the Chugoku Electric Power hydroelectric power plant. The AI solutions will make the power gen process more efficient and enhances workplace safety. Chugoku Electric Power employs nearly 9,200 workers across 114 power units in the western part of Honshū, the largest island of Japan.

Rolls-Royce supplies MTU engines for ferry propulsion

Oct 1 – Rolls-Royce's new MT engines, automation system, and MTU Go! tool for remote service have future-proofed the high-speed catamaran Avemar Dos, run by the Spanish operator Balearia. Four MTU 20V1163 M84 units replaced the previous 1163 units, taking the vessel to a "new level of ecological soundness," the manufacturer says.

GES appoints former Puma Energy Chairman as NED

Sept 30 – Global Energy Storage (GES) has appointed the former Puma Energy Chairman, Graham Sharp, as an NED. Graham will support GES on its ‘new energies’ strategy for the energy transition, focusing on hydrogen fuels and hydrogen carriers space.

Aggreko reaches 2 GW of live power gen capacity

Sept 29 – Aggreko has today announced it has reached 2GW of live global gas power capacity and growth in flare gas to power and stranded gas projects. This new record follows a milestone of exceeding 1GW of delivered flare gas power projects in 2020.

Wärtislä renews O&M agreement with Lafarge Africa

Sept 28 – The Finish technology group Wärtsilä has renewed a long-term Operation & Maintenance (O&M) agreement with Lafarge Africa, a large producer of building materials in Nigeria. The agreement covers the 100 MW Lafarge Ewekoro power plant, which provides a dedicated supply of electricity to the company’s concrete and cement manufacturing processes.

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.

House ad Jul2020