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Cycle Gas Turbines News

01 Aug 2017

European Oil Majors Enter U.S. Offshore Wind Markets

Statoil, Shell, DONG Energy turn to U.S. offshore wind; oil firms bring big budgets, offshore tech and risk experience. Some European oil majors have made inroads into the emerging U.S. offshore wind energy market, aiming to leverage their experience of deepwater development and the crowded offshore wind arena at home. Late entrants to the offshore wind game in Europe, which began with a project off Denmark 25 years ago and is now approaching maturity, they are looking across the Atlantic at what they view as a huge and potentially lucrative new market. Norway's Statoil has won a licence to develop a wind farm of the New York coast, is marketing its new floating turbine to California and Hawaii and is retraining some oil and gas staff to work in its wind division.

24 Oct 2012

Wind Energy Generation Beats Gas Turbines

Ernst & Young conducted a study that presents an integrated analysis of the value creation potential of wind energy. The study was commissioned by Acciona and EDP Renováveis and compares two energy technologies, Combined Cycle Gas Turbines (CCGT) and wind, to analyze the impacts of microeconomic factors such as direct costs as well as macroeconomic factors including job creation, Gross Domestic Product contribution, energy security, grid integration costs, CO2 and the impact of wind power on electricity pool prices. Wind energy has a higher impact on tax revenues than other technologies. In addition, wind energy creates a positive effect on the wholesale market by lowering the electricity spot prices which in turn, compensates for the premium tariff received.

01 Jun 2004

IEA Examines Security of Gas Supply

Global gas-fired power generation is fast emerging as a new driver of gas demand, representing 70% of the increase in demand in OECD countries over the period 2000-2030. This tremendous increase is due to the environmental qualities of natural gas, its competitiveness in combined cycle gas turbines (CCGTs). Its adaptability also makes it attractive for the newly, open power sector. Open gas markets are already delivering a great deal, but government monitoring is vital to ensure secure supplies and adequate investment. These issues are addressed by a new International Energy Agency publication “Security of Gas Supply in Open Markets: LNG and Power at a Turning Point” which will be launched by Claude Mandil…

16 Jan 2001

The Doctor is "in"

The responsibility of melding, developing and profitably leading one of the world's most prolific high-technology marine companies is, to say the least, a daunting task. Assuming the post with no marine industry experience would seemingly make the job all the more difficult. But Dr. Saul Lanyado enters his position as the new president of the Rolls-Royce Marine division armed with years of engineering and business success and savvy. Maritime Reporter recently sat with Dr. Lanyado in his Buckingham Gate, London office to discuss the company's current endeavors and future developments. At the outset of a discussion regarding Rolls-Royce's marine business, it is immediately evident the direction in which one of the world's new leading players in marine propulsion is heading.