U.S. oil major, Chevron, announced the acquisition of a 50 per cent stake in the privately held Lithuanian oil and natural gas exploration company LL Investicijos. Through entering the Lithuanian market the organisation is expanding its shale gas business in Europe. The acquisition is expected to impact Russian Gazprom’s monopoly on the Lithuanian market.
Chevron Corporation, a leading integrated energy company, has announced that its Australian subsidiary, Chevron Australia Pty Ltd, has reported a further offshore drilling success in the Greater Gorgon Area, one of the world's largest natural gas projects and the largest single resource natural gas project in Australia.
Centrica Energy's fleet of gas-fired plants has undergone "a massive change in operation" as flexibility is paramount to counterbalance the intermittency of renewable energy supply. The operator now runs the 230 MWe gas-fired Barry Power Station as a peaking plant in an open-cycle mode to boost operational flexibility.
GE is showcasing its new FlexEfficiency 60 Portfolio at today's opening of GE's Energy Technology Center in Seoul. The US engineering giant said it has configured its gas-fired FlexEfficiency 60 technology to meet efficiency and operating flexibility needs of 60-hertz countries, including South Korea.
ExxonMobil is developing a coal-seam gas (CSG) acreage in Indonesia that could provide natural gas for two combined-cycle power plants in Java or feed-gas for the country's LNG production complex at Bontang, Steve Buck, exploration manager at ExxonMobil Exploration said at the 2012 Gastech conference in London.
Siemens has been awarded contracts for the combined cycle conversion of two gas-fired simple cycle power plants in Argentina by Unión Temporal de Empresas (UTE), a joint venture between Isolux Ingeniería and Inversora Andina Ibérica. The upgraded plants are scheduled to achieve commercial operation in the fall of 2014.