All CapPro news articles – Page 5
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CapPro newsMore natural gas production required
Global gas demand is projected to rise over the next 10 years, encouraging a 12.5 percent increase in production between 2023 and 2030. However, Rystad Energy forecasts that even in scenarios of 1.9 and 2.5 degrees Celsius warming and the with projected growth in renewable energy sources, the current set of existing gas fields will not meet global demand, requiring rapid growth in unconventional gas supply.
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CapPro newsGlobal energy transition ‘has not started’, says DNV
Over the last five years fossil fuels have met only half of the new demand for energy globally, despite a rapid buildout of renewable capacity, according to DNV’s Energy Transition Outlook.
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CapPro newsExxonMobil to merge with Pioneer Natural Resources
ExxonMobil has agreed to takeover Pioneer Natural Resources, the largest operator in the Permian Basin shale field, in a deal valued at USD59.5 billion.
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CapPro newsFirst power from Dogger Bank
The world’s largest offshore wind farm under construction, Dogger Bank, has started producing electricity for the first time.
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CapPro newsEast Coast offshore wind in flux as costs soar
With cost inflation a growing concern for offshore wind energy developers in the USA, three US states signed an MoU to try and bring development costs to heel.
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CapPro newsOneSubsea joint venture launched
SLB, Aker Solutions and Subsea7 have inaugurated their previously announced joint venture. The new business, which will adopt the OneSubsea name, will drive innovation and efficiency in subsea production by helping customers unlock reserves and reduce cycle time.
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CapPro newsRosebank approved
The Rosebank offshore oil project has been given the green light by UK authorities. Equinor and Ithaca Energy have since taken the final investment decision to progress Phase 1 of the development on the UK Continental Shelf (UKCS), investing USD3.8 billion.
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CapPro newsUSD27 billion needed to ramp up the offshore wind energy supply chain
The global offshore wind supply chain will require USD27 billion of secured investment by 2026 if it is to meet a fivefold growth in annual installations (excluding China) by 2030, according to the latest Horizons report by Wood Mackenzie, a global insight business for renewables, energy and natural resources.
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CapPro newsPort of Rotterdam and Yokogawa aim to increase energy and resource efficiency across industries
The port of Rotterdam Authority and Yokogawa Electric have initiated a feasibility study into increasing cross-industry integration for the efficient use of energy and utilities in the Rotterdam industrial cluster.
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CapPro newsHydrogen Offshore Production for Europe taking shape
Alfa Laval has joined forces in a consortium with key industry partners in a project to develop and produce the world’s first 10 MW green hydrogen production facility offshore in the North Sea, off the Belgian coast.
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CapPro newsUSA publishes offshore wind energy Action Plan
The USA has published its Action Plan for Offshore Wind Transmission Development in the U.S. Atlantic Region, outlining immediate actions needed to connect the first generation of Atlantic offshore wind projects to the electric grid, as well as longer-term efforts to increase transmission over the next several decades.
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CapPro newsOcean Infinity to survey West Coast seabed for floating project
Ocean Infinity signed a contract with Equinor Wind US to provide surveying services for what would be one of the first-ever floating offshore wind farms on the US West Coast.
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CapPro newsGreen steel taxonomy key to kickstart decarbonisation of India’s steel sector
A clear definition of green steel is crucial for steelmakers to start investing in the right technologies, a new joint report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics finds.
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CapPro newsThe definition of what constitutes a ‘viable’ energy company has changed
Olga Savenkova, vice president and head of sustainability analytics at Rystad Energy, believes the definition of what constitutes a “viable” energy company has changed, with more unknowns added into an increasingly complex equation.
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CapPro news
France to issue USD4.3 billion in hydrogen CfDs
France will tender USD4.3 billion in contracts for difference (CfD) between 2024 and 2026 to facilitate the development of low-carbon hydrogen production, reported Le Figaro.
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CapPro news Masdar and Africa50 to scale-up African clean energy
Abu Dhabi Future Energy Company (Masdar) has signed a partnership with Africa50, the pan-African infrastructure investment platform to identify, fast-track and scale clean energy projects across the continent.
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CapPro newsOEUK ‘concerned’ over UK offshore auction results
On September 8, the UK government announced the results of the latest offshore wind auction – Auction Round 5 (AR5). Results showed no bids for new offshore wind farms, but there were deals for solar, tidal and onshore wind projects.
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CapPro newsEU passes bill increasing renewable energy targets
The European Parliament has approved revisions to the Renewable Energy Directive (RED). The directive raises the EU’s renewable energy target substantially, aiming to reach 42.5 percent of final energy consumption from renewables by 2030.
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CapPro newsIEA calls for supercharged collaboration to meet 1.5°C climate goal
Countries must supercharge international collaboration on technologies and markets for high-emission sectors such as power, transport, industry, buildings and agriculture, in order to get to get back on track for the 1.5°C climate goal.
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CapPro newsBoosting UKCS output
The UK’s continental shelf still contains energy reserves equivalent to 15 bn barrels of oil – enough to fuel the UK for 30 years – according to a report from Offshore Energies UK.