Africa
EGP expands wind portfolio
Enel Green Power (EGP) recently commissioned the final wind turbine at its 148MW Nxuba wind farm in the Eastern Cape, South Africa. The 200 million euro, 47-turbine farm was one of the five projects awarded to EGP in the fourth round of the country’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) in 2015.
Nigeria’s Waltersmith modular refinery moves closer to startup
Phase one of the anticipated Waltersmith modular refinery in Nigeria is reportedly imminent, as pre-commissioning has been completed, according to Nigeria’s Department of Petroleum Resources (DPR). This facility is in Nigeria’s Ibigwe, Ohayi/Egbema Imo State, and is slated to begin by the end of the year with a capacity for 5,000 barrels per day.
Electricity’s new king will be solar PV
The latest World Energy Outlook published in October from the International Energy Agency (IEA) suggests that solar photovoltaic generation will be the largest source of power by 2040. Unlike other sectors during the Covid-19 pandemic the renewable electricity market has remained buoyant throughout 2020. The IEA suggests that renewables is set for rapid growth. In the Stated Policies Scenario (STEPS), renewables will rise by two-thirds between 2020 to 2030.
How to utilize solar potential
In an age where traditional methods of energy generation, such as burning coal and gas to generate electricity emit greenhouse gases, the energy transition movement has seen the need to investigate alternative or renewable energies. Wind and solar seem to be favored forms of alternative energies to be scaled up first.
Global Project Data update for October 2020
Although the gas processing and LNG industries took a major hit during the COVID-19 pandemic, new project announcements within the sector have increased for two straight months
U.S. modularization—Keep an eye toward the most economical approach
Modularization has been discussed extensively as a means to facilitate the construction of significant projects. Many benefits exist for modularization, including controlled construction and schedule improvement. Due to the controlled environment for module construction, quality is more easily achieved and weather is not an issue. In addition, construction in remote areas (where field labor is a concern) is minimized.
Business Trends: Global LNG projects to compete with pipeline gas
Expanding LNG supply worldwide will continue to dominate the changing landscape of the natural gas industry and gas trade. By 2040, LNG is expected to account for more than 15% of global gas consumption, after overtaking interregional pipeline deliveries in the late 2020s.
Business Trends: Application of blockchain technology in the petrochemical industry
A JV between Equatorial Guinea’s Ministry of Mines and Hydrocarbons and Marathon Oil plans to build a modular refinery on Bioko Island. In late April, the JV signed a contract to VFuels to conduct a feasibility study for the 5,000-bpd facility. The project involves dismantling a methanol plant and converting it into a refinery. If built, the facility—part of Equatorial Guinea’s Year of Investment 2020 initiative—would provide refined products to satisfy increasing domestic demand.
Offshore wind continues strong growth, bolstered by new floating projects
As spending on renewable energy, particularly offshore wind, accelerates, floating projects will make up a growing share of activity.
2020 AFPM Summit: Five trends to watch as coronavirus reshapes the global olefins industry
The coronavirus outbreak is having a transformational effect on global olefins. Supply, demand, trade, pricing, costs and margins are all being affected to the extent that it will undoubtedly reshape the wider industry.
Calculating petroleum quantities in the 21st century
Over the past 100 yr, a number of technological advances and process improvements have dramatically changed how the oil and gas industry finds, produces and refines petroleum. The industry has made vast improvements in physical property databases, calculation procedures, and the determination of density and petroleum quantities by incorporating advances in modern processing technologies and updating measurement standards.
Global announcements and developments July
The industry's most comprehensive list of current and recent rounds for onshore and offshore licences
Oil firms ready to pick up the infrastructure divestment pace
Pipelines, storage facilities and processing plants could replace non-advantaged production as prime candidates Oil and gas producing firms create the most value by exploring for, developing and producing hydrocarbons. Internal rates of return (IRRs) far in excess of 20pc are the norm for successful upstream projects.
Global announcements and developments June
The industry's most comprehensive list of current and recent rounds for onshore and offshore licences
Maintenance: How to conduct successful turnaround maintenance at refineries
PricewaterhouseCoopers reports that, since 2014, the oil and gas industry has put off noncritical spending to reduce costs.1 In 2016, for example, the average number of backlogged labor hours for corrective and deferred safety-critical maintenance increased by 25%.1 While deferring maintenance saves resources initially, such delays lead to unsafe equipment and reduced output due to sub-par equipment.
LNG: Intercontinental to inter-regional?
Price differentials are threatening the economics underlying global LNG arbitrage. But the lower prices may unlock competition within regions It was all going rather well for efficient global LNG trade. The associated gas boom that accompanied the US shale oil revolution drove Henry Hub prices to bargain-basement levels just at a time when the country was developing its first wave of liquefaction and export capacity, most of it linked to those Louisiana prices.
Licensing rounds announcements and developments
The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses
