Baker Hughes CEO Forecasts ‘Multi-Year Upturn’ in Global Upstream Spending

Baker Hughes CEO Forecasts ‘Multi-Year Upturn’ in Global Upstream Spending

The executive team of Houston-based Baker Hughes Co. acknowledged there were challenges during the third quarter of 2022, but overall the team remains optimistic about the emerging upcycle, with a continuing bullish view for LNG. The oilfield services (OFS) giant operates around the world in four segments: OFS, Oilfield Equipment (OFE), Turbomachinery & Process Solutions…

October 24, 2022

Siemens, Duke to Pioneer ‘First of a Kind’ NatGas-Fired Turbine

Duke Energy Corp. announced a plan this week to significantly expand a large natural gas-fired peaking facility in North Carolina to serve as a proving ground for a single-cycle combustion turbine that Siemens Corp. wants to build and test there.

June 15, 2017

GE Bolsters Natural Gas Turbine Unit With Metem Purchase

General Electric (GE) continues to build its capabilities in the natural gas turbine market, announcing Monday it would buy privately held Metem Corp.

December 30, 2015

Firm Seeks to Soak Up Methane Emissions, Profits

An Irvine, CA-based company is touting a licensing agreement with a Dresser-Rand Group unit that makes small turbines as opening the door for smaller, decentralized power generation using otherwise unusable waste gas.

December 12, 2014
Rising NatGas Supplies Boost Global Turbine Markets

Rising NatGas Supplies Boost Global Turbine Markets

A combination of coal’s retreat in power generation and booming natural gas supplies led by U.S. shales is driving up the market for natural gas and steam turbines worldwide, according to a report from the global consulting firm Frost & Sullivan (F&S).

August 15, 2014

EQT, Green Field Complete Field Gas-Only Frack Job

Appalachian operator EQT Corp. and the oilfield services company Green Field Energy Services have completed multiple hydraulic fracturing (fracking) stages using pumps powered 100% by Marcellus Shale gas at a well site.

September 20, 2013

Black Hills Goes After 20,000 Mancos Acres

Rapid City, SD-based Black Hills Corp. will sell its 40 MW natural gas-fired “CT II” generation unit at its mostly coal-fired Gillette Energy Complex in Wyoming to the City of Gillette for $22 million.

May 14, 2013

Report: Shales to Help Drive Billions in Midstream Spending

Connecting wellheads — particularly those in shale gas fields — to gas-fired turbines and burner tips will require billions in spending on midstream infrastructure over the next 25 years, according to a new report. Adding to the projected demand for new pipe, storage and other facilities is the increasing focus on liquids-rich gas production.

June 29, 2011

New England Grid Chief: Region Has ‘Severe Case’ of NIMBYism

With local opposition cropping up against everything from offshore wind turbines to transmission lines, New England’s “severe case of NIMBYism” is a key challenge for the region, the head of ISO New England (ISO-NE) noted last week.

April 3, 2006

Panhandle Inks Supply Deal with FirstEnergy

Thanks to a new deal with CMS Energy’s Panhandle EasternPipeline Co., three FirstEnergy gas turbines in Defiance, OH, willenjoy a 15-year supply of gas. The agreement makes FirstEnergyPanhandle’s seventh power plant customer.

January 31, 2000
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