Finding extraordinary engineers for exceptional clients

Eni signs PSCs for onshore Myanmar blocks

July 31st, 2014

Eni SPA has signed production-sharing contracts for two blocks in Myanmar with the country’s Ministry of Energy.

Response to Comment on “High Naturally Occurring Radioactivity in Fossil Groundwater from the Middle East”

July 31st, 2014
Environmental Science & Technology
DOI: 10.1021/es501140b

Comment on “High Naturally Occurring Radioactivity in Fossil Groundwater from the Middle East”

July 31st, 2014
Environmental Science & Technology
DOI: 10.1021/es5005736

MARKET WATCH: NYMEX, Brent oil futures prices both dip

July 31st, 2014

Front-month crude oil futures prices settled lower on the New York market July 30, reaching their lowest closing since July 15, and continued the downward pattern in early trading on July 31.

DOE unveils initiative to curb methane emissions from US gas systems

July 31st, 2014

The US Department of Energy announced an initiative to reduce methane emissions from natural gas systems nationwide following a series of roundtables with stakeholders. The measures are part of the Obama administration’s larger methane emissions reduction strategy to fight causes of global climate change, DOE said.

Neutron tomography technique reveals phase fractions of crystalline materials in 3-dimensions

July 31st, 2014
Researchers have developed a novel method, based on energy-selective neutron imaging for visualization of crystalline phase distributions within the bulk of metallic samples.

High Throughput Profiling of Antibiotic Resistance Genes in Urban Park Soils with Reclaimed Water Irrigation

July 31st, 2014

TOC Graphic

Environmental Science & Technology
DOI: 10.1021/es502615e

Mineral Cycling and pH Gradient Related with Biological Activity under Transient Anoxic–Oxic Conditions: Effect on P Mobility in Volcanic Lake Sediments

July 31st, 2014

TOC Graphic

Environmental Science & Technology
DOI: 10.1021/es501037g

Siemens’ earnings higher than forecast

July 31st, 2014

There is positive news for Europe’s largest engineering company after Siemens reported higher earnings than expected today.

A major restructuring programme appears to be working for the company. Income from continuing operations rose 36 per cent to 1.4 billion euros ($1.9 billion) in the fiscal third quarter, the Munich-based company said in a statement. The average estimate of 10 analysts in a Bloomberg survey was 1.3bn euros. Sales declined 3.7 per cent to 17.9bn euros.
Joe Kaeser
According to Bloomberg, Chief Executive Officer Joe Kaeser, has streamlined the company’s structure and strategy, focusing on “electrification, digitalization and automation” as he seeks to catch up with the profitability of U.S. competitor General Electric Co. (GE) The Siemens veteran has also pledged to end the charges which have consistently burdened earnings

“Continued challenges in the energy business held back an even stronger profit improvement for Siemens as a whole,” Kaeser said on a conference call. Offshore wind projects in the North Sea and a Finnish nuclear plant “pose further financial risks going forward.”

The CEO has been finishing a cost-savings program started under predecessor Peter Loescher which aimed to boost profit to 12 per cent of sales by the end of this financial year by cutting 15,000 jobs.

Kaeser has also released under performing assets while building up prospects with more potential elsewhere. In the power division the $1.3bn acquisition of most of Rolls-Royce Holdings Plc (RR/)’s energy assets is intended to allow Siemens to take advantage of the North American boom in shale gas extraction from hydraulic fracturing.

Global gas and steam turbine market to reach $43.5bn by 2020

July 31st, 2014

The growing availability of natural gas and its use in power production are set to give a boost to the global gas turbine market, according to a new report, while the outlook for steam turbines is mixed.

Frost & Sullivan’s analysis, Global Gas and Steam Turbine Markets, reports that the worldwide market for gas and steam turbines earned revenues of over $32.5bn in 2013, and predicts growth to almost $43.5bn in 2020.

But growth in the two market segments will not be equal. Due to factors including the growing trend toward replacing aging coal plants with modern gas-fired power stations and the need for more flexible generating assets due to renewable energy coming onto the grid, gas turbines are predicted to gain the edge over steam turbines.

“Although the current profitability of gas-fired generation is low in regions such as Europe, gas turbines will be the technology of choice for future capacity additions,” said Frost & Sullivan Industry Director Harald Thaler. “Gas turbines will also benefit from increasingly stringent emissions legislation and rollout of emissions trading schemes in emerging markets, as they curtail the growth of steam turbines.”

Thaler warned that the steam turbine market “is expected to experience significant consolidation” in the next decade due to a large number of manufacturers and the growing globalization of Chinese OEMs. “Comparatively, the gas turbine market will see limited acquisition activity beyond the recent Siemens-Alstom merger,” he said.

However, the news isn’t necessarily bad for steam turbines: the report also found that the global steam turbine market is currently experiencing a surge in demand due to large coal-fired capacity additions in emerging markets such as China and India. An increase in the number of combined-cycle gas turbine (CCGT) plants, expansion of nuclear power and upgrading of coal plants with supercritical and ultra-supercritical technology have contributed to opening up the market for steam turbines, Frost & Sullivan said.

China, which is aggressively promoting gas turbine plants with the goal of reducing its dependence on coal and diversifying its fuel mix, is expected to become the leading gas turbine market as traditional leader the Middle East gradually declines.

Meanwhile, China’s share of the steam turbine market is predicted to fall over time, although the nation will remain dominant in the market. India’s market share is predicted to grow once it resolves its coal shortage issues. Southeast Asia will also experience strong growth as it looks to coal to reduce gas dependence across the region. The European market is predicted to remain weak due to uncertainty over future power demand growth and utilities' financial woes.  

 

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