Geopolitics vs Economics: Will North America miss the boat on LNG exports?
July 30 2015 -
With the recent shale revolution in North America, the potential to become a world leader in supplying a reliable clean energy source has never been higher. US natural gas prices have hovered around $2-$4 while overseas markets have seen price ranges from $9 to $10 in Europe and $13 to $18 in Asia.
GE to deliver turbomachinery for Azerbaijan-Europe pipeline project
July 26 2015 -
US-based General Electric's oil and gas unit has secured a contract to supply turbomachinery for the first phase of the Trans-Anatolian Natural Gas Pipeline (TANAP) project, which is being built for gas transportation from Azerbaijan to Europe. GE Oil & Gas will deliver aeroderivative gas turbine driven centrifugal compressor packages, which are expected to be completed in 2017. Manufacturing and testing for the equipment will be done in Florence, Italy.
European Commission clears Dresser-Rand’s merger with Siemens
July 26 2015 -
Dresser-Rand Group Inc., a global supplier of rotating equipment and aftermarket parts and services, has merged with Siemens. The European Commission cleared the Company’s merger with Siemens, and all of the conditions precedent regarding regulatory matters have now been satisfied.
Capstone to provide 1MW microturbine for Canadian flare gas utilization
July 22 2015 -
Capstone Turbine Corporation recently received an order for a C1000 microturbine, to be installed at a power generation facility owned by Kineticor Resource Corporation. Capstone’s distributor, Horizon Power Systems, secured the order, which is expected to be commissioned in October 2015.
RWG wins maintenance contracts for Siemens gas generators in Thailand
July 22 2015 -
PTT has awarded RWG with multiple contracts for maintenance of Siemens aeroderivative gas generators. The latest awards encompass three Industrial RB211 GT DLE units and three Industrial Avon 200 gas generators in service at PTT’s five gas separation plants in Rayong Province, Thailand.
GE turbines to boost generation capacity of 265MW facility in Rhode Island
July 18 2015 -
General Electric has signed an $80m agreement with Canada-based Emera Energy for upgrading 265MW Tiverton Power station in Rhode Island, US. The upgrades at the natural gas-fired combined-cycle power plant are expected to increase efficiency, capacity and long-term availability, apart from bringing down its operating costs and environmental impacts.
Alstom to supply equipment for Belo Monte hydroelectric complex
July 16 2015 -
Alstom recently concluded two contracts with Norte Energia to provide equipment to the Belo Monte hydroelectric complex, located at Xingu River, in Brazil’s northern Pará state. Belo Monte, said to be the world’s fourth-largest hydroelectric power plant will have a planned capacity of 11.233,1 MW. This plant is expected to take 8 years of construction and is expected to meet the electricity needs of 60 million people in 16 states plus the Federal District.
Lotte E&C clinches $230m power plant deal in Indonesia
July 16 2015 -
Lotte Engineering & Construction announced recently that it won a US$230-million project to build a gas-fueled combined-cycle thermal power plant in Indonesia. The 501MW power plant will be located in a site 75 kilometers east of Surabaya in East Java.
Commissioned by PT PLN (Perusahaan Listrik Negara), the state-run electricity monopoly, the Grati Combined Cycle Power Plant Extension Project will be financed by the electric power company's own funds (30%) and loans from financial institutions (70%) including those of Korea EximBank.
Wood Group has secured a $1millon deal with Origin Energy for a natural gas project in Australia. Wood Group is likely to work on the Halladale, Black Watch & Speculant (HBWS) Natural Gas Project in South West Victoria.
The fields are located in the sensitive marine environments in the Otway Basin, and will be drilled using extended reach drilling. Wood Group Kenny will provide a detailed design of onshore raw gas and Mono-Ethylene Glycol (MEG) pipelines from the well pad to the gas plant.
Exelon begins work on power plant expansions near Houston
July 11 2015 -
Chicago-based Exelon Corp. recently began construction on power plant expansions near Houston and Fort Worth, which rely on cheap natural gas and less water consumption. The projects, estimated at roughly $750 million each, are likely to triple the amount of power production at Exelon’s Colorado Bend Generating Station in Wharton. The Wharton station is about 45 miles southwest of Houston.