Alan Finkel, Australia’s top scientist and author of a prominent energy market review, has urged the Government to set a clean energy target that does not be put any fuel-type at a disadvantage. His modelling work shows a scenario under which power prices could fall, if Australia’s stringent emission targets are lowered.
NNPC, Nigeria National Petroleum Corporation, has stepped up domestic gas supply to an average 7.32 million standard cubic feet per day (mmscf/d). This increased volume guarantees an average supply of 689 mmscf/d to national gas-fired power plants, allowing for a total power output 3,056 MW. Daily gas supply is up by nearly 100 mmscfd month-on-month from 582 mmcf/d, Ndu Ughamadu, NNPC Group spokesman said when presenting the group’s latest monthly report on finances and operations.
Australia’s Macquarie Group has agreed to acquire Cargill's North America power and gas business, for an undisclosed amount, just months after the bank bought the petroleum business of Cargill. The global commodities trader has streamlined its business over the past year, reacting to a nearly 3-years slump in global oil prices.
Three new gas pipelines between the US and Mexico are due to come in service in June, with a combined capacity of about 3.3 Bcf/d: their routes are Encino-to-Laguna, Guaymas-to-El Oro and Ojinaga-to-El Encin. Timely operational start of these lines, and how they work in conjunction with existing gas infrastructure, is critical for boosting supply of cheap U.S. shale gas to Mexico’s electric power utilities and industry.
Ansaldo Energy Group has been awarded new service agreements by IREN Energia for four combined-cycle gas turbine (CCGT) power plants in northern Italy. According to Ansaldo, the contract win, worth over €100 million shows there is further growth for its ability to service equipment produced by other OEMs. The deal comes shortly after another service contract win for units at the Taweelah Power and Water Complex in the United Arab Emirates (UAE).
Vattenfall has handed a 5-year contract to Capgemini that will see the latter implement a program to transform and manage Vattenfall’s finance and procurement services in the Nordics, Germany, the Netherlands and the UK.
Shares in E.on and RWE have risen up to 5% after news broke on Wednesday that Germany’s top court declared the country’s nuclear fuel tax as “unconstitutional”. This ruling opens up doors for litigation, and the country’s main operators of nuclear power stations – E.on, RWE and EnBW - are expected to claim back over €6 billion that they were made to pay between 2011 and 2016.
Los Angeles Department of Water and Power (LADWP), California’s largest public-owned utility, is reconsidering plans to spend over $2 billion on natural gas and power infrastructure. The company’s board confirmed it "has put on hold all planned local repowering projects until a system-wide, in-depth, and independent study/analysis is conducted." Falling costs for renewables, and rising green energy supply, has inspired the California Senate to propose a 100% renewable energy target by 2045.
China’s Guangdong Power Engineering Group, general contractor for a 470-MW project in Jordan, has asked Siemens to supply key components. Jordan is one of the driest countries in the world, and the power station will be built in in the desert at Attarat Um Ghudran. Consequentially, the operator asked Siemens to use air-cooled condensers to help save sparse drinking water resources. Start-up of the Attarat plant is envisaged for mid-2020.
The American arm of Fuji Electrics has supplied and installed a 125-MW steam turbine generator at Green Electron’s 300-MW combined-cycle gas turbine power plant in St. Clair Township of Ontario, Canada. The CCGT project is one of 30 power plants in the Canadian province that run on natural gas, and is included in the province’s clean energy, “off coal plan.”
Ambitious plans, set out by South Korea’s newly instated Government, herald a U-turn away from coal and nuclear towards cleaner-burning natural gas and renewables. Responding to public concern over air pollution the administration of President Moon Jae-in, who took office in early May, is considering a construction stop for several coal and nuclear projects – a move poised to cause electricity prices spikes and medium-term capacity shortages.
Germany’s MAN Diesel & Turbo has contractually agreed to acquire a 40% participation in Aspin Kemp & Associates, a Canadian specialist manufacturer. Based in Montague, Prince Edward Island, Aspin Kemp is a technologically leader the field of energy storage and hybrid power solutions. When announcing its share purchase, MAN D&T pointed out “Aspin Kemp has developed game changing technology for power, propulsion and drilling applications in the offshore oil and gas sector.”
In the absence of cost-effective, large-scale electricity storage, the North American Electric Reliability Corp (NERC) finds stark regional differences concerning grid stability in its 2017 peak power demand projections. Reserve margins, the estimated buffer of unused generating capacity, range from less than 15% in the grid area of ISO-New England to almost 29% in New York.
The Australian state of Queensland is helping Stanwell Corp to bring a mothballed power plant back into the market in an effort to lower energy prices. The state’s pre-Budget, disclosed yesterday, acts on the Government’s commitment to help re-dispatch a total AS$386 million worth of flexible gas generating capacity near Townsville – and proposes a AS$770 million subsidy to help drive down wholesale electricity prices.
Nymex-listed Ingersoll-Rand has started to offer three flexible service programs through its own expert technicians who provide and oversee onsite service, repair and maintenance of all compressed air assets. Named CARE, this tailored service programs is available for Ingersoll-Rand customers in North America, Europe, Middle East, Asia and India.