The 40th Turbomachinery Symposium is taking place this week in Houston, Texas. They keynote was delivered by Joe Gregory, General Manager of Major Capital Projects within Chevon’s Deepwater Exploration and Projects Business Unit. He discussed the technology needs of for deepwater drilling in the Gulf of Mexico. His company is working on the development of fields in the Miocene and Lower Tertiary strata at depths of 7000 feet and beyond – in some cases as much as 16,000 feet.
Dresser-Rand may be selected as the supplier for all the compression needs of the eight "replicant" floating, production, storage and offloading (FPSOs) vessels that will be used in the Pre-Salt project. The actual award remains subject to the approval of Petrobras' Board of Directors and its Partners.
These eight "replicant" FPSOs, to be located in the Tupi and Guara pre-salt fields in the Santos basin off the coast of Brazil, will take place this year.
South African energy and chemicals group Sasol today announced that it has chosen the southwestern region of the State of Louisiana as the site for a planned gas-to-liquids (GTL) facility. The project is slated to be the first plant in the U.S. to produce GTL transportation fuels and other products.
Shell U.K. Limited has extended the gas turbine maintenance contract held by Aberdeen-based Rolls Wood Group (RWG) for a further five years to 2015. The multi-million pound extended contract includes maintenance, repair and overhaul of 27 Rolls-Royce Avon and RB211 gas turbines operating on seven offshore platforms in the UK North Sea.
The extended contract retains the same work scope as the original agreement, awarded in 1999, for maintaining gas turbine drivers for electrical power generation and gas compressor sets.
A Deloitte study shows that US natural gas prices are likely to be higher than anticipated by the industry and the futures prices. Natural gas prices in real terms (i.e., today’s dollars) grow by about 50% between 2011 and 2020, or 4.0% per year. Below are a few extracts from the paper.
"Prices escalate in real terms, reflecting demand growth, the rising cost of finding and developing domestic gas resources, and the projected future costs of pipeline and LNG imports. However, despite burgeoning U.S.
GE has successfully completed $3.2 billion acquisition of Converteam, a provider of power conversion and automation systems and power electronics, motors and generators. Converteam’s portfolio includes variable frequency drives and other power electronics, advanced motors and generators, as well as industrial automation and controls. Converteam’s products are widely used in the renewable energy sector, turning intermittent and variable power from solar, wind and tidal sources into the high quality and reliable power required by grid operators throughout the world.