The Industrial Internet of Things (IIoT) is transforming the way the energy business is conducted by creating billions of data points that can be harnessed and turned into actionable intelligence for improving operations and efficiencies. There is no greater evidence of the importance of the IIoT than the innovations of two of the largest technology… Keep reading →
The stock market closed with another record figure on Thursday as rising oil prices bolstered energy stocks.”Best Buy was among the biggest gainers after reporting earnings that exceeded the expectations of Wall Street analysts. Lumber Liquidators, a specialty retailer of hardwood flooring, plunged after its CEO abruptly quit the company. Stocks are trading at record levels,… Keep reading →
The first natural gas-fired turbine for US power generation and one of today’s state-of-the-art designs currently live a couple hundred yards apart on GE’s massive 413-acre Greenville, South Carolina campus. The fact that both machines convert natural gas into electricity is pretty much where the similarities end. The first gas turbine used for electric utility… Keep reading →
Duke Energy and Lee County natives in North Carolina are struggling to reach a settlement over disputed toxic ash produced from the burning of coal to harness electricity. “It leaves behind ash that can contain arsenic, selenium, boron and many other toxic substances.For decades, that ash simply has been buried in pits near the power… Keep reading →
Today GE announced its ‘predictive maintenance’ program driven by operational data from the company’s global fleet of more than 1,500 gas turbines helped decrease power plant downtime and saved customers an estimated $70 million in 2014. When a gas-fired power plant goes down due to a maintenance issue, that generation capacity must be replaced… Keep reading →
General Electric (GE) and Norway’s Statoil have announced a strategic collaboration to advance more environmentally friendly and economically sustainable technologies for oil and gas production. GE and partially state-owned Statoil have a long history of working together and both share a commitment to improving their environmental footprints, which is a goal increasingly valued by investors… Keep reading →
When you consider how much of the globe is covered by water it’s easy to see why some say the future of oil & gas production lies offshore in ultra-deep water. But while hydrocarbons are likely to be found in these locations, projects built to extract them can be more challenging than some space missions… Keep reading →
As society becomes more and more dependent on technology and Mother Nature continues to deliver dramatic weather events across all parts of the globe, utilities must develop and deploy newer and more advanced grid technologies that can proactively respond to potential impacts and recover quickly from outages. But, is grid modernization only about the technologies… Keep reading →
The energy industry – oil & gas sector in particular – is bracing itself for a massive wave of retirements over the short to medium term, which has been dubbed “The Great Shift Change.” As the industry prepares for this turnover, companies are looking to the next generation of candidates with skills ranging from finance,… Keep reading →
Mexico’s long-awaited energy reforms have drawn a lot of attention due to legal changes allowing foreign oil companies to enter the market for the first time in decades, but power market reform is also opening the door to renewable energy providers. Greenwood Energy and ILIOSS are partnering with Schneider Electric to sell power from 250… Keep reading →
