Cappro news
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CapPro newsEmpire Wind halted
Equinor has halted the offshore construction in waters of the outer continental shelf for the Empire Wind project, which is currently under construction.
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CapPro news
Supply chain bottlenecks hinder North Sea’s long-term prospects
DNV’s North Sea Forecast: Ocean’s Future to 2050 report forecasts that offshore wind will claim 9 percent of the North Sea space by 2050, and policies to promote cross-industry collaboration are required to ease spatial planning pressure.
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CapPro newsCeltic Sea floating projects enter final bidding stage
Plans for a new wave of floating offshore wind farms in the Celtic Sea have advanced, with the leasing process for three sites off the coasts of Wales and Southwest England now in their final phases. Shortlisted developers have identified key ports to support turbine assembly and deployment, with Port Talbot and the port of Bristol emerging as front-runners.
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CapPro newsEU hydrogen pipeline under pressure
Just 17 percent of the EU’s hydrogen pipeline may come online by 2030 without urgently addressing three critical areas: policy frameworks, funding mechanisms, and demand-side mandates.
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CapPro newsMexican energy shifts under state control
Mexico’s energy sector is undergoing a significant shift as new laws place energy firmly back in state hands. Oil company Pemex is reasserting control over production and distribution of energy.
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CapPro newsTGS warns of 26 GW offshore wind shortfall by 2035 amid US policy shift
TGS, a global provider of energy data and intelligence, highlights a transformative shift for the offshore wind energy industry and a potential global installation shortfall of 26 GW by 2035 thanks to the USA’s shift in policy.
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CapPro news
Namibia shapes up for growth with drilling plans and licencing updates
Namibia’s offshore oil and gas industry is set for significant growth in 2025 driven by new licensing opportunities and an uptick in drilling activities, according to data from the African Energy Chamber, Wood Mackenzie and Namibia’s Ministry of Mines and Energy.
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CapPro newsGermany on track for 2030 climate targets
Greenhouse gas emissions in Germany fell by 3.4 percent to 649 million tonnes of CO₂ equivalents in 2024 compared to 2023, data published by the German Environment Agency (UBA) showed. While the country is on track for its 2030 goals, the speed of the transition needs to accelerate to achieve longer-term neutrality targets.
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CapPro newsWestwood highlights hydrogen shifts as REDIII comes into focus
During February, the Belgian government announced support for all forms of low-carbon hydrogen production – a shift away from the EU regulatory framework norms of low-carbon hydrogen. The country also plans to relax the definition of renewable fuel of non-biological origin (RFNBO) outlined in the EU’s first Renewable Energy Directive in a bid to accelerate industrial sustainability and meet EU climate goals.
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CapPro newsEurope’s ‘missed opportunity’ as EC prepares to enshrine 2040 emissions targets
Europe installed 16.4 GW of new wind power capacity in 2024 – 12.9 GW of this coming from the EU-27 nations. 84 percent of the new wind capacity built in Europe last year was onshore, while 2.6 GW of new offshore capacity was connected to the grid.
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CapPro newsThriving development in the Guyana-Suriname Basin
Rystad Energy has provided an overview of oil and gas activities in the Guyana-Suriname Basin. An area of significant activity, the former country alone unearthing more than 13 billion barrels of oil equivalent (boe) of discovered volumes in the past decade. As operators in the energy powerhouse continue to explore and develop resources, the focus on its coastal neighbour, Suriname, is growing.
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CapPro newsReality check for European green hydrogen
With stalled projects, economic hurdles and regulatory complexity, the European hydrogen sector faced significant headwinds in 2024. But 2025 could see larger-scale FIDs and clearer policy frameworks.
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CapPro news
Sørvest F tender scrapped as Norway looks to floating wind
Norway scrapped its tender for the Sørvest F offshore wind area citing high grid costs.
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CapPro newsGlobal oil and gas contract value remains stable
The global oil and gas industry experienced a 15 percent quarter-on-quarter decrease in the total number of contracts, from 1,596 in Q3 2024 to 1,353 in Q4 2024, said industry analyst GlobalData. Despite the dip in volume, the overall contract value remained stable, driven by the announcement of some major contracts in Africa.
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CapPro newsUS steel tariffs drive up procurement costs across energy sector
The USA’s 25 percent tariff on steel and aluminium imports will drive up procurement costs, with the oil and gas and offshore wind energy sectors most exposed.
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CapPro news
NJBPU cancels offshore wind solicitation round
New Jersey’s fourth offshore wind solicitation was cancelled by the New Jersey Board of Public Utilities (NJBPU). Bidders withdrawing from projects and uncertainty driven by federal actions and permitting were cited as the reasons.
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CapPro newsDenmark rethinks offshore wind after failed auction
Following a disastrous offshore wind tender in December that attracted no bids, Danish authorities are shifting course. The government is now revisiting its auction criteria, scaling back project sizes and considering state subsidies. Meanwhile, the fate of Energy Island Bornholm remains uncertain as funding gaps and German elections add further delays.
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CapPro newsRosebank and Jackdaw to resubmit EIAs
The Court of Session in Edinburgh, Scotland, found that UK government unlawfully granted approval for the Jackdaw and Rosebank gas projects, located in the North Sea.
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CapPro newsRystad sets out 12 key trends for energy sector in 2025
Amid what research and business intelligence company Rystad Energy calls “a shifting policy landscape” driven by elections across the world’s major economies in 2024, as well as ongoing geopolitical tensions and the continuing push for decarbonisation, the year ahead looks set to be interesting at the very least when it comes to developments in the energy sector.
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CapPro newsOffshore wind outlook ‘ambiguous’, says Esgian
Esgian’s Offshore Wind Q4 2024 report indicates that while the three-month period represented a “strong end to the year”, the longer-term outlook is somewhat “ambiguous”.