Market Trends

Clean Energy will utilize Stonepeak’s loan to establish additional RNG production facilities and expand its heavy-duty fueling infrastructure.

In part one of this two-part episode, Myth Busters Klaus Brun and Rainer Kurz provide a background on digital twin technology and how it impacts the turbomachinery industry.

Microsoft and SLB will optimize integrated cloud-based workflows for Northern Lights’ carbon-capture and storage services.

The companies will jointly develop IFC’s Pacifico Mexinol project, which is a 6,145 MT per day methanol production facility in Sinaloa, Mexico.

The Waggaman ammonia production facility and related assets have been purchased for $1.675 billion, which includes a long-term ammonia offtake agreement between the companies.

These companies have formed an alliance to introduce Sullivan Palatek Asia’s diesel-driven portable air compressors to the UAE market.

Rotating Machinery Services will leverage Modest Tree’s digital training and maintenance solutions to develop 3D visualization and AR-enabled support.

The coalition will deploy advanced methane measurement, detection, reduction, and capture solutions for the Canadian gas industry.

Following the signing of a hydrogen and power purchase agreement, ACWA Power has broken ground on the first phase of a 3,000 ton per year green hydrogen project.

The November/December 2023 issue features augmented and virtual reality coverage, reporting from TPS 2023, a Q&A on air compressors, and more.

The agreement will accelerate Japan’s development of low-carbon hydrogen across the value chain, including production, liquefaction, storage, etc.

The partnership will develop a series of green hydrogen projects in the United States through a newly developed joint company, Clean Hydrogen Fuels.

In this episode of the TurboTime podcast, Dr. Mike Shepard, VP of Aerospace and Defense at 3D Systems, talks about additive manufacturing.

The companies signed an MoU to conduct a FEED study for green hydrogen production using a 60 MW alkaline water electrolyzer.

Heirloom’s project is the first commercial DAC facility in the United States, and it will sequester CO2 from the atmosphere using CarbonCure’s concrete storage.

NuScale’s Energy Exploration Center will provide hands-on opportunities for visitors to apply nuclear science and engineering principles via SMR simulation technology.

The Payara offshore site resides within Guyana’s Stabroek Block, and Prosperity FPSO will produce an additional 220,000 barrels of oil per day.

Ansaldo Nucleare partnered with four additional companies to speed up the industrial deployment of SMRs.

QatarEnergy will provide Sinopec with 3 MTPA of LNG from the North Field South project over a span of 27 years.

ArcLight has purchased indirect ownership interests in Kleen Energy Systems, including 100% of the preferred equity and a minority common equity interest.

The partnership, funded by the DOE, has launched a commercial pilot for a DAC system that removes CO2 and captures water in a single unit.

Renewables continue to rock the new-build electric generation market, but gas-rich Texas, and some locals, are pushing back.

ExxonMobil purchased Denbury in an all-stock transaction valued at $4.9 billion, adding a network of CO2 pipelines to its portfolio.

As part of the 20-year SPA, Foran has agreed to purchase approximately 0.9 mtpa of LNG, which supports an additional train at Cheniere's Sabine Pass project.

There is a positive sales projection for gas turbines over the next decade.