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Gas turbine engine
Wärtsilä Supplying 22 Gas Engines For Two Power Plants
Wärtsilä has been awarded full engineering, procurement and construction (EPC) contracts for two power plants in Latin America.
Coal Trade
Decommissioning coal – an opportunity for energy storage?
Coal has underpinned power generation for more than a century as a cheap, reliable and well understood technology, writes IHS Markit analyst George Hilton.
Thermal Coal
Thermal Coal Demand Declining Globally, Driving Fewer Imports, Production
Thermal coal demand is declining globally and forcing cutbacks of imports and production, driven by lower power-sector coal demand resulting from the coronaviru…
Nuclear Power Plant
Ansaldo Nuclear Provides Robot for Caorso Decommissioning
Ansaldo Nuclear has designed and supplied a robot for the removal of 2000 drums of radioactive waste stored in hard-to-access areas within two temporary storage…
Oil Price
Oil Rises Amid Hopes for Quick Decline in U.S. Shale Output
Oil prices rose more than 1% on Tuesday after the main U.S. energy forecasting agency predicted shale output in the world's biggest crude producer would fall by…
Gas Turbine
Siemens Supplying Three Gas Turbines
Siemens Gas and Power will provide three 33 MW SGT-700B industrial gas turbines for a Long-Term Program with Ascend Performance Materials’ nylon intermediate a…
Oil & Gas Trade
Crude Cuts: Nigeria to Earn $10.61bn in Eight Months
Nigeria may earn about $10.61bn from crude oil sales between May and December this year following latest decision by members and non-members of the Organisation…
Combined cycle power plant
Shanghai Electric’s 225MW CCPP Begins Operations in Bangladesh
Shanghai Electric Group’s first combined-cycle power plant (CCPP) in Bangladesh has entered into the commercial operations.
Oil Price
Non-Opec Members Will Also Need to Cut Output to Balance Oil Price
Not just production cut upfront, they have also decided to cut production all the way to April 2022.
CCGT
Economics Shift Further Towards Gas Generation in Europe
Demand destruction due to lockdowns has shifted the relative economics of Europe's fossil power generators towards gas.
Oil Price
G-20, OPEC Working to Rebalance Oil Market
Energy Ministers of G-20 have arrived at a decision to rebalance global oil markets hit hard by the coronavirus pandemic.
Nuclear Power Plant
KHNP to Support Canadian Decommissioning Projects
In a 7 April statement, KHNP said Kinectrics highly appreciated the technology KHNP used to replace the pressure tubes and improve the facilities of unit 1 of t…
Wind Power Project
Renewables Reach 52% Share in Germany's Gross Power Consumption for Q1
April 9 (Renewables Now) - Electricity from renewable energy sources met 52% of Germany's gross electricity demand in the first quarter of 2020 thanks to a wind…
Market Analysis
Wood Mackenzie Lowers Global Solar Demand Forecast on COVID-19 Impact
Recently, IHS Markit said it expected global installs to decline 16% to 105GW in 2020, compared to around 125GW installed in 2019.
Oil Price
Oil Could Fall Back To $20
Oil demand is set to plunge by as much as 27 million barrels per day (mb/d) in April, a decline larger than anything that has occurred in the history of oil.
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