Siemens Energy orders $135 billion in record order volume
Siemens Energy announced a record order book of 131 billion euros ($135.5 billion), boosted by a strong demand for energy equipment. This includes everything from wind and gas turbines, to power converters and electrolysers. According to the company, it also reported a net profit of 252 millions euros for the first three months of its financial year.
Chevron will build gas plants for data centers in the AI boom
The oil and gas company Chevron announced on Tuesday that it will build natural gas power plants near data centers in the U.S. as the energy demand for artificial intelligence growth is expected to grow. The second largest U.S. oil and gas producer has partnered with Engine No. The project is a partnership between Engine No. 1 and electric service company GE Vernova.
Engine No. 1: Chevron and Engine No. GE Vernova will power US datacenters
Chevron, the world's largest energy company, announced on Tuesday that it had signed an agreement to invest with Engine No. 1 and GE Vernova will build natural gas-based energy plants in the U.S. to power co-located data centres. The announcement came just one week after U.S. president Donald Trump announced a private investment of up $500 billion in infrastructure for artificial intelligence.
Hapoalim provides $1.5 billion to Dalia Energy for a new power plant
Dalia Energy, an Israeli company, announced on Thursday that it had signed a loan agreement with Bank Hapoalim for 5.3 billion Shekels ($1.5billion) to fund the construction of a brand new power plant. The deal, which is non-binding, is intended to fund the construction of a new power plant with a capacity of up to 850 megawatts at the site of Ashdod's current Eshol Power Station.
Egypt rushes solar energy to catch up as gas prices soar
Egypt, with its few clouds, vast deserts, and well-developed electrical grid, has everything it needs to expand solar energy generation. It is only now that Egypt has begun to take advantage of these resources, as the price of imported natural gas has risen. Last year, a sharp drop in gas production and a growing demand caught the authorities by surprise. This led to rolling blackouts during the hot summer.
GE Vernova predicts lower revenue for the wind segment in 2019.
GE Vernova announced on Tuesday that it has lowered its revenue forecast for its wind segment in the coming year due to delays at two major project caused by incidents involving their turbines. In a press release, the company said that it expects revenue to fall by single digits between 2025 and this year. It also stated that they expected revenue to remain flat in 2019.
Russia replaces foreign gas turbine technology with its own high-capacity, Russian-developed gas turbine
The Russian government has developed its own alternative technologies to Western technology that it cannot import. Vladimir Putin inaugurated the new unit of the Udarnaya Power Station in southern Russia via video link, during a ceremony broadcast on state television on Wednesday night. Putin stated that it was important that "we have new production plants and that we become independent…
Eneos, a Japanese company, will buy a 20% stake in the floating offshore wind project of Norway
Eneos Holdings, Japan's largest oil refiner, said Wednesday that its renewable energy unit had agreed to purchase a 20% stake of the GoliatVind project in Norway to gain expertise and knowledge for Japan. Japan is only at the beginning stages of developing floating offshore wind, but it sees this as essential for its goal to develop up to 45 gigawatts of offshore wind by 2040.
Cheniere Asks Biden Admin to Drop Pollution Rule
Cheniere Energy Inc has asked the Biden administration to exempt it from limits on emissions of cancer-causing pollutants, arguing they would force the top U.S. exporter of liquefied natural gas to shut for an extended period and endanger the country's efforts to ramp up supplies to Europe, according to documents reviewed by Reuters.The request…
Green Marine: Electrification is the Power behind ‘Future-Proofing’
There's an “electrification of the seas” happening for navies around the world.Whether it's to achieve greater military capabilities, operational economics and efficiencies or to be better stewards of the environment.There's a trend moving from direct mechanical drives towards more flexible electrical propulsion systems. Ships can still have the same propellers and engines…
Geothermal Energy: A New Life for Old Offshore Oil Wells?
Old offshore oil wells could be turned into geothermal energy producers under a plan by a new consortium. The group, The Aquarius North Sea Geothermal Consortium, is “actively” working with North Sea operators to see if old wells could be used to generate geothermal energy for existing platforms. But a future goal is greenfield geothermal exploration.Kirsten Pasturel…
Baker Hughes Plots Low Carbon Future
Baker Hughes is pivoting to customers preparing for the transition to a low-carbon future, bolstering its footprint beyond oil and gas oilfield services, its chief executive said on Tuesday.The company will continue to downsize its oilfield services and equipment portfolio, CEO Lorenzo Simonelli said at the Barclays CEO Energy-Power conference…
Siemens Equipment for Pertamina's Balikpapan Refinery
Siemens Gas and Power will supply a range of compression and power generation equipment for the Petramina's Balikpapan Refinery located on Borneo Island in East Kalimantan, Indonesia.The equipment will be installed as part of Pertamina’s Refinery Development Master Plan (RDMP). The RDMP involves the construction of a residual fluid catalytic cracker (RFCC) unit with a design capacity of 90…
Siemens to Give Shareholders 55% of Energy Business Spin-off
Siemens will give 55% of its power business to shareholders when it spins it off in September, the German engineering group said on Tuesday, the latest stage in its shift away from a sprawling conglomerate.The trains to industrial software maker then wants to "significantly" reduce its remaining 45% position within 12 to 18 months after the shares are listed on Sept.
Equinor Targets Zero Emissions
Norwegian oil producer Equinor aims to cut greenhouse gas emissions generated at offshore fields and onshore plants in Norway by about 40% in the coming decade and to near zero by 2050, it said on Monday.The cuts could allow Norway, western Europe's top oil and gas exporter, to continue to pump millions of barrels of oil even as the country seeks…
Vard Marine Wins NYC Gowanus Gig
Canadian naval architecture and marine engineering company Vard Marine has been contracted to complete the basic class design package of a new generation of Siemens powered SeaFloat power barges to support New York’s Gowanus Repowering Project.Working under the guidance of Stantec, the project’s engineer of record, Vard Marine will supply the barge arrangements…
SGRE Lands World’s Largest Floating OWF
Spanish-based engineering company Siemens Gamesa Renewable Energy (SGRE) said that the world’s largest floating wind power plant will be installed in Norway, equipped with 11 Siemens Gamesa SG 8.0-167 DD turbines.Scheduled to be commissioned in late 2022, Hywind Tampen will be the first ever floating wind power plant to power offshore oil and…
Baker Hughes Profit Rises on Strong Foreign Demand
Baker Hughes Co reported a rise in quarterly adjusted profit on Wednesday, helped by increased demand for its oilfield services and higher margins for its turbomachinery such as gas turbines and compressors.The company's results contrasted with steep falls in revenue reported by some of its rivals in the oilfield services industry as it benefited…
Golar Power Wins Brazil Plant Gig
Golar LNG, a liquefied natural gas shipping company registered in Bermuda, said that its joint venture with Stonepeak Infrastructure Partners, Golar Power Limited has been awarded a 25 year power purchase agreement (PPA) for the construction of a 605MW combined cycle thermal power plant.The LNG-to-power Project will be developed by CELBA (Centrais Eletricas Barcarena S/A)…
Singapore Sticking with Natural Gas
Natural gas will continue to play a dominant role in generating electricity in Singapore while the state plans to accelerate the use of renewable energy, primarily solar power, in the next decade to battle climate change, a senior government official said.The cost of installing solar power has become more competitive with the use of fossil fuels…
