Daily News

GE’s Power Services has announced the launch of its first 6B repowering solution when signing the first agreement for the solution with a global chemical company in Asia. The accord stipulates the repowering of three 6B gas turbines which is expected to help the customer save significant amounts of fuel.

Utilities in South Carolina are preparing for widespread power outages as Hurricane Florence has been classified as “extremely dangerous” as it gathers pace at windspeeds of over 140 miles per hour (mph). The U.S. National Hurricane Centre predicts it could strengthen to “near Category-5 intensity” before making landfall between northern South Carolina and North Carolina’s Outer Banks on Thursday.

At the UK's first Zero Emission Vehicle Summit, Prime Minister Theresa May has committed £106 million for R&D in green vehicles, new batteries and low carbon technology. May said the Britain will “lead from the front” on zero-emission cars to meet a target for UK roads to be free of petrol and diesel cars by 2050.

Fossil fuels remain the dominant source of electricity in most of the United States. Coal provided the largest generation share in 18 states last year, down from 28 states in 2007. The share of gas power, meanwhile, has increased from 11 to 16 states over the same period, according to EIA findings.

General Electric and CGI, a global IT consultancy based in Montreal, have agreed to jointly develop and implement power grid software in North America. Bridging IT and operational technology (OT), the partners said they will focus on real-time grid operations and controls, critical infrastructure and cybersecurity.

Methane-laden waters of Ruanda’s Lake Kivu, if left untapped, can accumulate to a gas bubble and trigger an explosion that poses a deadly risk for more than 2 million people living along the lake’s shores. The U.S. energy services firm ContourGlobal assessed this risk before starting to extract methane from the lake for power generation.

Decarbonisation of the power sector is seen as the most crucial factor in sustaining the current competitive edge advantage for mid-size electric vehicle (EV) over cars with a combustion engine. ” As gasoline-fuelled vehicles become more efficient, the power mix must comprise more renewables for electric vehicles to remain competitive,” says Wood Mackenzie research director, Prakash Sharma.

Qatargas, the world’s largest LNG producer, has entered a 22-year sales and purchase agreement with PetroChina to deliver around 3.4 mtpa of LNG its regasification terminals at Dalian, Jiangsu, Tangshan and Shenzhen. In August, China brought two new regas terminals in service that brought the overall number to 19 – in line with the government’s policy to replace coal with natural gas in the power sector.

General Electric (GE) has commissioned Turkmenistan’s first combined-cycle gas turbine (CCGT) power station at Mary, a city on an oasis in the Karakum Desert. Built by Turkey-based Çalik Holding, the 1,600 MW CCGT is driven by four GE turbines and will be operated as a backup for the adjacent Mary hydropower plant.

Siemens and North-West Power Generation Company Ltd. (NWPGCL) have signed a Joint Development Agreement to build a 3,600 MW LNG-fuelled power plant at Payra in southern Bangladesh. The project will be developed through a joint venture company at an estimated cost of nearly $3 billion.

DNV GL’s 2018 Energy Transition Outlook predicts an investment boom in natural gas with global Capex in gas upstream projects set to grow from $960 billion in 2015 to a peak of $1.13 trillion in 2025. This spending spree will herald a shift in the global energy mix, allowing gas to overtake oil as the world’s primary energy source in 2026 and account for a quarter of the world’s energy by 2050.

Gas supply from the Bao Vang field to a new power project in central Vietnam will be facilitated by Gazprom and PetroVietnam, in cooperation with the Quang Tri Provincial People’s Committee. The three entities signed a Memorandum to deliver an integrated project that includes upstream, power generation and the creation of an industrial port in the Quang Tri Province a special area, part of Dong Nam Economic Zone.

Higher relative cost to produce natural gas from the Haynesville region has led to a gradual decrease in shale gas production over the past five years. The Haynesville formation lies at a greater depth than Marcellus, so drilling costs are significantly more expensive. This caused a sharp drop in monthly dry gas production from a peak at 7.4 billion cubic feet per day (Bcf/d) in January 2012 to less than half that level by early 2016, according to EIA figures. Output rebounded since then to 6.4 Bcf/d in June 2018.

Venture capitalist are pouring money into the development of novel technologies that are hoped to disrupt existing markets and deliver huge returns, ideally within a 5-year time horizon. Investment is flourishing, with more money spent on energy technologies start-ups in 2018 than in the first two quarters of any previous year, the International Energy Agency (IEA) says with reference to data from the market intelligence agency i3.

EPC Construtora Quebec, a Brazilian engineering company, has selected GE Power to provide 4.4-MW and 2.2-MW LV5 1,500-volt inverters and skids for the 14-MW Verde Vale III project in Guanambi, Brazil. The project is owned by Vientos Solutions, an operator of energy infrastructure assets in emerging markets.

News in Brief

DHIC partners with Dell EMC

Oct 16 – Doosan Heavy Industries & Construction (DHIC) has partnered with Dell EMC on digital energy, and the first joint project is to implement a digital solution at an Indian power plant. The Dell EMC system has a built-in power plant combustion optimizer, developed by DHIC based on the SAP platform.

IEA reviews Brazilian gas market

Oct 15 – The International Energy Agency (IEA) has published a review of the opening of Brazil’s natural gas transportation system. Through its Gás para Crescer initiative, the Brazilian government sets a plan to liberalize the local energy market by enhancing the build-out of natural gas and electricity interconnectors, unbundling of TSOs and implementing of network codes.

Global GT market looses value

Oct 12 – Though Asia emerges as No.1 market for gas turbines, the overall value of the global gas turbine market  is forecast to decline over the coming five years. According to a Global Data report, the market value between now and 2022 will be $37.97 billion, down compared with $52.39 billion in the 2013-2017 period.

FERC approves $6bn CenterPoint/Vectren merger

Oct 11 – US Federal Energy Regulatory Commission (FERC) has approved the $6 billion merger of CenterPoint Energy and Vectren, whereby shareholders of the latter will be paid $72.00 in cash for each CenterPoint share. Vectren CEO Carl Chapman welcomed the ruling and added the companies “now anticipate a closing no later than the first quarter of 2019.”

Dürr buys part of Babcock & Wilcox

Oct 10 – Dürr Group, a Germany-based mechanical and plant engineering firm, has completed the acquisition Babcock & Wilcox’ (B&W) industrial environmental technology business. The takeover broadens Dürr’s portfolio on exhaust-air purification technologies, with a workforce of around 1,500 and estimated sales of € 400 million.

Azure achieves $12.50 per share

Oct 9 – India-based Azure Power Global Ltd has priced its underwritten public offering of 14,800,000 equity shares at a price of $12.50 per equity share. The company also granted underwriters a 30-day option to purchase up to an additional 1,200,000 shares at the same price, less underwriting discounts and commissions. The offering will close on October 10, 2018.

Global gas use grows at 2%/yr

Oct 8 – The International Gas Union (IGU) expects global gas consumption to grow by 1.6 to 2% per year in the coming decades. “Competitiveness, affordability, and eco-friendliness will remain essential in that regard,” said IGU President Joe M. Kang.

Financing agreed for EVM-II plant in Mexico

Oct 5 – A financing package of $740 million has been agreed for the Energias del Valle de Mexico II (EVM-II) combined-cycle power plant. Commercial banks involved in the financing were led by BNP Paribas, Citi, SMBC, and Mexico’s Banco National del Comercio Exterior. Milbank served as legal advisor.

MAN wins award for small-scale LNG paper

Oct 4 – A whitepaper by MAN Energy Solutions entitled ‘Small-scale LNG - powering the future of Asia’s island communities’ has won the Best Paper Award at this year’s Power-Gen Asia trade show. The paper ties in with MAN’s new strategy to deliver the entire value chain from small scale regas and import terminals to decentralized gas- and dual-fuel engine, and turbine-driven power plants. Carsten Dommermuth, International Business Development Manager, said “this setup is a real advantage for customers seeking to source a complete LNG-to-Power solution from the same provider.”

IEA laments steep drop in clean energy investment

Oct 3 – The latest steep drop in clean energy investment is “worrying,” according to Fatih Birol, head of the International Energy Agency (IEA). Official figures show spending on renewables fell to $298 billion worldwide in 2017, down from $318bn in the previous year, marking the biggest absolute fall on record.

Siemens closes Mendix acquisition

Oct 2 – The German engineering conglomerate Siemens has closed the Mendix acquisition, just eight weeks after the transaction was first announced. Part of Siemens’ Vision 2020+ strategy, the integration of Medix digital platform is aimed at creating new SaaS solutions and extensions, particularly for the Digital Enterprise Software, MindSphere.

Merger of BASF Wintershall and DEA goes ahead

Oct 1 – BASF Group has agreed to merge its German oil and gas business BASF Winterhall and with Deutsche Erdöl AG (DEA), owned by the Russian investor group LetterOne. The joint venture will operate under the name Wintershall DEA.

Toshiba splits R&D for Power and Industrial Systems

Sept 28 – Toshiba Corp has announced it completed all necessary steps to separate its Power and Industrial System Research and Development Center and transfer the R&D on electricity to Toshiba Energy Systems, while research on industrial systems will be taken over by the company’s infrastructure arm. The split take effect on October 1.  

Gazprom’s supply to Austria up 34%

Sept 27 – The Russian gas major Gazprom has delivered record volumes to its Austrian partner OMV after an existing longterm contract was extended in June to run through to 2040.  From January 1 through September 23, 2018, Gazprom delivered 7.8 billion cubic meters (Bcm) of gas to Austria, a 34.5% rise compared with the same period last year. Full-year 2017 export volumes amounted to 9.1 Bcm.

Keystone XL construction to start in 2019

Sept 26 – TransCanada has received a key permit for $8bn Keystone XL pipeline, with the U.S. State Department ruling the 1,900km pipeline will not have any significant impact to either water or wildlife. Construction is now slated to start next year.

ABB partners with UBC

Sept 25 – Zurich-based ABB has entered a 3-year partnership with the University of British Columbia (UBC), focusing on biometric sensing. ABB will provide a total of $300,000 in funding ($100,000 per year), which will be matched by the Government of Canada.

GE launches ServiceMax 18.3.

Sept 24 – GE Digital has launched Service Max 18.3., a new version of its Predix ServiceMax Field Service Management (FSM). The new solution is said to give service technicians greater autonomy, dispatchers with more robust decision-making tools which utilities to better plan and execute complex service projects.