Nigeria’s Indorama Eleme Petrochemicals Ltd (IEPL) is benefitting from an upgrade of the first two out of six GE 6B gas turbines at its onsite power plant in Rivers State. The upgrade increased the electricity output of Indorama's plant by 15% per gas turbine.
Global energy utilities are facing a growing risk of cyberattacks with potentially severe financial damage. A survey by Siemens and the Ponemon Institute finds that 54% of utility respondents fear an attack on critical infrastructure in the next 12 months. To mitigate this risk, utilities need to improve the interface between Operational Technology (OT) and IT systems.
Though Europe is currently well stocked with gas, Wintershall Dea CEO Mario Mehren has warned prices could spike in 2020 if Russia's Gazprom and Ukraine's Naftogaz fail to reach a transit agreement. The current transit contract will expire at the end of this year.
Japan’s energy giant JERA has agreed to pay $300 million to buy a 22% stake in Summit Power International with the aim of getting involved in major energy infrastructure projects in Bangladesh.The deal follows an agreement between Summit Corp and JERA to jointly develop a $500 million project in Cox’s Bazar, which will include various terminals for cargo and LNG.
Fast-falling technology costs and supportive renewable policies spur a rapid regional load growth of hydropower, wind and solar power sources. Collectively, renewables are forecast to contribute 49% of global electricity generation by 2050, up from 28% last year.
First oil from Johan Sverdrup – Norway’s sixth-largest discovery, with 2.7 billion barrels reserves – is a red-letter day for the operator Equinor and partners Lundin Norway, Petoro, Aker BP and Total. The field started two months ahead of schedule and 40 billion Norwegian Krone ($4.38 bn) below budget.
Atlantic basin LNG producers, notably at the US Gulf Coast, get a better netback value at the Spanish Virtual Balancing Point (PVB) than at other European hubs. However, offtake obligations for Algerian pipeline gas will limit how much extra LNG the Iberian market can absorb in 2020.
Enagas, the Spanish gas system operator, has been busy to match an “extraordinary demand” from both the power sector and industry, leading to a 16.9% surge in gas offtake to 294 TWh. Much of the demand increase was prompted by a fuel switch in the electric power sector.
General Electric has installed an evaluation of its HA turbine at Florida Power & Light Company’s (FPL) Dania Beach Clean Energy Center near Fort Lauderdale. The newly launched 7HA.03 has the lowest cost conversion of gas to electricity for 60-hertz customers.
Dubai-based Emirates Global Aluminium (EGA) has agreed to sell electricity from its onsite power units in Jebel Ali to Dubai Natural Gas Company (DUGAS) for use in industrial operations. The deal allows EGA to fully utilize its 2.8 GW Jebel Ali combined-cycle gas power plant.
Power system flexibility is a prerequisite of the clean energy transformation. Fossil power plants were for long deemed vital to ensure flexible supply and system inertia, but “if modern wind and solar power plants are technically able to provide frequency regulation, they should be allowed access to ancillary services, as was done in Spain,” said Enrique Gutierrez, energy analyst at the International Energy Agency (IEA).
High-tech firm Leonardo will provide cyber security solution for Ansaldo Energia’s ‘Lighthouse Plant’ for the production of gas and steam turbines. As the first of Italy’s four intelligent factories, the project will benefit from state funding under the Industry 4.0 plan.
More money than ever is going to energy venture capital deals, but spread across fewer start-ups. Digital sensors, batteries, electric vehicles and smart algorithms are among the main recipients of the more than $4 billion of deals in 2019, the International Energy Agency (IEA) finds.
Nigeria’s BelemaOil Producing Ltd has contracted MAN Energy Solution to supply three MGT gas turbine heat and power systems for installation at BPL’s upstream operation, some 30 miles southwest of Port Harcourt.
PJSC Kazanorgsintez, one of Russia's largest chemical companies, has awarded Siemens a contract worth 290 million Euros to build 250 MW combined-cycle power plant at its manufacturing site in Tatarstan. Start of commercial operation is planned for 2023.