All CapPro news articles – Page 2
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CapPro newsBiden administration’s offshore drilling ban sparks backlash
The Biden Administration’s decision to ban new offshore oil and gas leases across 625 million acres of US coastal and offshore waters has drawn sharp criticism from energy industry leaders.
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CapPro newsFrom roadmaps to reality: emerging markets to shape offshore wind’s future
During 2024, the offshore wind energy sector set new records for permitting and securing offtake contracts, according to data and intelligence provider TGS. Building on this momentum, 2025 is positioned to set new milestones, with even higher levels of capacity expected to reach financial close and be secured under offtake agreements.
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CapPro newsDanish bidding round disappoints with zero interest
The deadline for bidding on the first 3 GW of Denmark’s 6 GW offshore wind tendering procedure expired on Thursday. The Danish Energy Agency has not received bids for any of the three offshore wind farms in the North Sea put out to tender.
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CapPro newsEquinor and Shell to combine UK offshore assets
Equinor UK and Shell UK will combine their UK offshore oil and gas assets and expertise to form a new company which will be the UK North Sea’s biggest independent producer.
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CapPro newsNext Dutch permit round scheduled for 2025 with nature and grid focus
The Netherlands Enterprise Agency (RVO) said that the next permit round for new offshore wind farms will take place in September 2025. Developers can earn points in their applications by showing how they take nature and the onshore energy system into account.
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CapPro newsMixed views on long-term prospects for LNG
The re-election of Donald Trump as president of the USA is likely to result in an upsurge of LNG projects, welcome news for project logisticians that service that business. However, some industry analysts warn of a gas glut that could extend into the 2030s.
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CapPro newsUSA’s nuclear plans in question
The USA aims to deploy 200 GW of net new nuclear energy capacity by 2050, at least tripling current installed capacity.
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CapPro newsUnlocking Wales’ green potential
Analysis from BiGGAR Economics suggests that Wales is sitting on a GBP46.8 billion (USD59.1 billion) investment opportunity from renewable energy by 2035.
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CapPro newsRystad plots decarbonisation scenarios
The energy transition is gaining momentum and the industry is accelerating toward a widespread, fundamental global evolution, said analyst Rystad Energy.
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CapPro newsSwedish government cancels 32 GW of offshore wind projects
Sweden’s government cancelled 13 offshore wind projects citing military defence concerns in what is a huge setback for the region’s renewable energy ambitions.
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CapPro newsVingroup and VinFast sign agreements spanning maritime, data and infrastructure
Vietnam’s Vingroup and VinFast signed memoranda of understanding with Middle Eastern partners covering maritime development and shipyard building capabilities, sustainable coastal land utilisation, digital transformation, and collaboration in electric vehicles and green transportation.
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CapPro newsNew Zealand aims to streamline renewable permitting process
New Zealand is attempting to strengthen its large-scale renewable energy sector with the introduction of a Fast-track Approvals bill that should streamline the permitting process.
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CapPro newsTürkiye doubles down on renewable targets
Türkiye plans to boost installed wind and solar capacity to 120 GW by 2035, according to the country’s Energy and Natural Resources Minister Alparslan Bayraktar.
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CapPro newsCCS targets unrealistic, says IEEFA
Most of Europe’s planned carbon capture and storage (CCS) applications are too expensive to work on a commercial basis and are nowhere near ready to be rolled out, according to the Institute for Energy Economics and Financial Analysis (IEEFA).
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CapPro newsTight labour markets a significant inflation driver
The combination of growing global energy demand, evolving geopolitical dynamics, and the energy transition calls for energy supply chains to become bigger and better, according to Binny Bagga, vice president, service market at Rystad Energy.
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CapPro newsVestas and Fortum settle differences
Vestas and Fortum have settled the arbitration regarding wind energy projects in Russia. The settlement entails that both companies waive past, present and future claims related to their legacy business activities in Russia.
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CapPro newsWood Mackenzie lays out five paths to address lithium surplus
The growth of the global electric vehicle market is faltering at a time when investments into lithium, a key battery metal, are starting to bear fruit. A surplus of the metal looms large.
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CapPro newsOEUK puts figures on size of domestic offshore wind and CCUS markets
The UK is sitting on a GBP12 billion (USD15.7 billion) a year investment opportunity to develop offshore wind, according to Offshore Energies UK (OEUK).
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CapPro newsOffshore wind surges amid policy uncertainly and turbine size race
Energy data and intelligence provider TGS has released its latest quarterly market overview report for global offshore wind. While there have been records set in terms of project awards, complications include low uptake in key markets and issues around the emergence of 20 GW turbines.
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CapPro newsAustralia sets out plan to become global hydrogen leader
The Australian government has released its 2024 National Hydrogen Strategy, providing the framework to guide its production, use and export of hydrogen. The aim is to position the country as a global leader in the market.