Wärtsilä signs 15-year Operation and maintenance agreement for El Salvador power plant
Wärtsilä will operate and maintain Energía del Pacífico’s 378 MW power plant in El Salvador for the next 15 years when the plant commences operations at the end of 2021. The technology group Wärtsilä has signed a long-term Operation & maintenance (O&M) agreement with Energía del Pacífico for a 378 MW power plant in El Salvador. The 15-year agreement was signed in Q4 2019 and will take effect when the plant commences operations at the end of 2021. Wärtsilä will start to recognise order intake...
Wärtsilä gas power plant will facilitate growth of Bangladeshi industrial complex
Mr Jillur Rahim, Managing Director of Wärtsilä Bangladesh Ltd and Mr Shamim Islam, Managing Director of Jamuna Power Ltd, signed the order of a 78 MW power plant from Wärtsilä to Jamuna industrial complex in Bangladesh in November 2019. Image courtesy of Jamuna Power. The technology group Wärtsilä has been awarded to supply a 78 MW engine power plant on a fast-track basis in order to support the growth of an industrial complex in Bangladesh. The order was placed in November by Jamuna Pow...
Tech’s New Frontier? Oil and Gas
READ THE EXECUTIVE SUMMARY FOR "THE DIGITAL TRANSFORMATION OF OIL AND GAS" BOSTON - According to a new report from Lux Research, the oil companies of the future may resemble the tech companies of today. Moreover, if these companies fail to adapt to the changing digital landscape faced by all industries, they could be left behind. In the new report, The Digital Transformation of Oil and Gas, Lux analysts make a strong case for oil and gas companies to embrace the global economy’s shift towa...
Oil and gas projects led by Chinese contractors in the Middle East region stand at US$75.3bn, says GlobalData
The total value of oil and gas projects awarded to Chinese contractors in the Middle East and North Africa (MENA) region, from stage of announcement to execution, stands at US$75.3bn, of which US$68.1bn relates to projects in execution, according to GlobalData, a leading data and analytics company. Energy cooperation is at the core of economic relations between China and MENA. China has seen increasing demands for energy resources, while the Middle East has around two-thirds of the world’s t...
API Issues Three New Integrity Management Standards for Offshore Natural Gas and Oil Production
WASHINGTON - Today, API published three new Integrity Management (IM) standards to ensure the continued reliable and efficient operation of offshore floating production platforms, including facilities designed to produce natural gas and oil, and export liquefied natural gas (LNG). “We continuously publish and revise standards to make offshore natural gas and oil production a safe, effective, and sustainable resource,” said Debra Phillips, Vice President of Global Industry Services. “An e...
China Set to Contribute 34% of Asia and Oceania’s Crude Distillation Units’ Capacity Growth by 2023, Says GlobalData
China is expected to drive capacity growth of 34% in Asia and Oceania’s refinery crude distillation units (CDUs) from planned and announced (new-build) projects between 2019 and 2023, according to GlobalData, a leading data and analytics company. The company’s report, ‘Refining Industry Outlook in Asia and Oceania to 2023 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Refineries’, reveals that China is expected to have new-build CDU capacity of 2,021 thou...
Low-carbon Neste MY Renewable Diesel now available in Oregon, US
With climate change at the forefront of the global conversation, Neste, the world’s largest producer of renewable diesel fuel, is making reducing CO2 emissions more accessible to fleet owners in Oregon, US. The company is proud to announce an exclusive partnership with a distributor in Oregon, McCall Companies. Through this partner, fleet owners now have access to high-performance low-carbon Neste MY Renewable Diesel™, making this the first time the fuel is available in Oregon. “Neste MY R...
Germany Set to Have 635bcf New-Build LNG Regasification Capacity, Contributing 31% of Europe’s Capacity Growth by 2023, says GlobalData
Germany is expected to drive capacity growth in Europe’s liquefied natural gas (LNG) regasification industry from planned and announced (new-build) projects during the outlook period 2019 to 2023, contributing around 31% of Europe’s total growth, according to GlobalData, a leading data and analytics company. The company’s report, ‘LNG Regasification Industry Outlook in Europe to 2023 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Regasification Terminals’...
Terra Drone Europe Conducts Oil Rig Platform Survey and 3D Modeling for Shell
Using modern GNSS techniques, the location of each and every asset on the rig platform was determined to facilitate accurate drill rig positioning Terra Drone Europe, a group company of Terra Drone Corporation, has successfully completed the aerial 3D survey of an offshore platform in the North Sea on behalf of one of the most diversified international oil companies, Shell. The platform complex that was surveyed was positioned several years ago when GNSS survey techniques were neither very...
Wärtsilä Gas Engine Solutions Will Support Local Industry by Increasing Egyptian Power Plant’s Capacity by Two Thirds
The technology group Wärtsilä will supply additional capacity for an existing power plant located in Borg El Arab, an industrial city some 45 kilometres southwest of Alexandria, Egypt. The plant is owned and operated by the National Electricity Technology company, Kahraba, a part of the Egypt Kuwait Holdings (EKH) Group. Kahraba is one of the largest private electricity service providers in Egypt. The order with Wärtsilä was placed in June 2019. The engineering and equipment (EEQ) contract is...