Offshore Wind News
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CapPro news
Petrofac falls into administration
Petrofac, the UK-based EPC company that provides services to the oil, gas, petrochemical, renewables and broader energy industries, has filed for administration.
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CapPro news US falters, China surges
Despite unfavourable conditions in the USA, Rystad Energy research states that 16 GW of new offshore wind capacity will come online by the end of 2025 due to projects already under way, with two thirds of them being developed in China.
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CapPro newsIRENA: Asia remains at the forefront of renewables
The International Renewable Energy Agency’s (IRENA) Renewable Energy Statistics 2025 report, published July 10, shows that despite renewables capacity growing by over 15 percent in 2024, there is a growing gap between regions.
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CapPro news
UK: Industry urges tax reform amid warning of 20 percent offshore workforce decline
Offshore Energies UK (OEUK), a trade association, has called for the government to remove the windfall tax on oil and gas profits by 2026. Meanwhile, Robert Gordon University believes the country could lose up to 20 percent of its offshore energy workforce by 2030 without urgent intervention.
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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 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 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.