Market Trends

This marks Venture Global’s fourth final investment decision in six years, and CP2 LNG is its largest standalone project financing.

Turbomachinery faces challenges like labor shortages and supply chain issues, but innovative solutions help the industry meet growing energy demand.

Saipem and Subsea7 are merging to form Saipem7, a new global offshore energy services leader, combining fleets, expertise, and operations across oil, gas, and renewables.

TotalEnergies and CMA CGM establish a 50/50 joint venture to develop LNG bunkering solutions, enhancing the maritime energy transition and supporting decarbonization efforts in global shipping.

GE Vernova’s aeroderivative packages are expected to provide almost 1 GW of electricity to Crusoe AI data centers.

Flexible solutions such as synchronous condensers and battery storage stabilize power supply and address critical issues like inertia, voltage, and short-circuit power.

Myth Busters Klaus Brun and Rainer Kurz discuss how liquefaction works and dive into trends like smaller production facilities.

The investment in its Aiken, SC, facility will expand production capacity for the mtu Series 4000 engines by enhancing in-house machining capabilities and enlarging the site.

Chart’s pre-cooled single mixed refrigerant process technology and modular liquefaction solution increase efficiency and lower costs.

Jeffrey Goldmeer of GE Vernova says ammonia is an efficient option to reduce greenhouse gas emissions across the entire lifecycle.

Baker Hughes and PETRONAS will explore implementing enhanced LNG services, mature asset solutions, AI, and CCUS, among other technological solutions.

Industry leaders discuss strategies—collaborating with academia, partners, and networking—to cultivate a skilled workforce and address labor challenges.

Myth Busters Klaus Brun and Rainer Kurz discuss the LNG value chain, where and how turbomachinery fits in, and an overview of the market.

Using AI-assisted optimization methods, Voith and the DLR Institute are improving the water turbine design process and enhancing turbine development.

GE Aerospace signed an agreement with SkyWest for its CF34-8E engines and a multi-year MRO service agreement with China Airlines for its GE9X engines.

Everllence’s first order for its 175DF-M engine includes two 12V175DF-M, one 16V175DF-M variable-speed yacht gensets, and methanol fuel-supply systems.

The first block at the Taiwan power plant provides 1.3 GW of cleaner energy, aiming to replace coal units and reduce emissions while stabilizing the country’s electricity grid.

Jeff Moore of SwRI highlights the successful testing of a 10 MWe sCO2 turbine in simple-cycle configuration, initially achieving over 8 MW of gross shaft power and 4 MWe net electric output when synchronized to the grid.

Ulrich Schmitz of Atlas Copco discusses industry challenges and how it’s adapting offerings, leveraging its global presence, and embracing decarbonization and AI.

At Turbo Expo 2025, Susan Scofield of Siemens Energy says great role models, mentoring programs, and building networks support women in turbomachinery.

Baker Hughes is set to support Saipem's Eni-led Liverpool Bay CCS Project, enhancing CO2 storage capabilities in the U.K. through advanced compression technology.

Michael Smiarowski of Siemens Energy says the steam turbine market is managing unprecedented demand, so advanced implementation planning is key.

GE Vernova will supply six XPRESS LM2500 aeroderivative gas turbine modular packages and an emissions control system to boost Puerto Rico's capacity for peak summer demand and potential emergency power.

EGYPTAIR, STARLUX Airlines, Riyadh Air, AviLease, and Vietjet Air placed orders for Rolls-Royce’s Trent XWB-84, XWB-97, XWB, XWB-97, and 7000 engines.

Dr. Eric Petersen of Texas A&M says the newly established Energy and Propulsion Research Consortium aims to foster research funding to support research.