Rystad: Renewables on track to outspend E&P in Asia-Pacific

By emagstage | News | Comments are Closed | 6 June, 2019 | 0

A recent forecast by Rystad Energy states that renewable energy developments in the Asia-Pacific region are set to outspend exploration and production (E&P) activities in 2020. With the exception of China, total CAPEX in renewable developments of all types will overtake E&P spending next year.

The energy research firm anticipates the largest investments will come from Australia, India, Vietnam, Japan and South Korea.

And the industry group most likely to emerge as the dominant renewable developer in Australia and elsewhere? It might just be the oil and gas majors.

Gero Farruggio, Head of Renewables at Rystad Energy, anticipates that upstream companies will lead the charge in response to commercial drivers. Farruggio foresees increased investment in utility storage, solar and offshore wind. “Solar panels, lithium-ion batteries and turbines will soon be conventional segments of Australia’s offshore services,” he added.

EnergyMakers will continue to track this and other developments in the quickly evolving global energy arena.

asia pacific, EnergyMakers, renewables

Stanton SRA- January 2022

By emagstage | Comments are Closed

As we expected, the Texas RRC has formally established the Stanton Seismic Response Area (SRA) in Martin County and a small segment of Howard County, due to continuous seismic activity in the region, including aRead more
Stanton SRA Announced- January 2022

By emagstage | Comments are Closed

As we expected, the Texas RRC has formally established the Stanton Seismic Response Area (SRA) in Martin County and a small segment of Howard County, due to continuous seismic activity in the region, including aRead more
Northern Culberson-Reeves Seismic Response Area – Up to 2 M Barrels per Day of SWD Injection held at bay for Area Operators

By emagstage | Comments are Closed

Image Source: Texas RRC Northern Culberson-Reeves Seismic Response Area – Up to 2 M Barrels per Day ofSWD Injection held at bay for Area Operators In another blow to SWD operators in Texas, on OctoberRead more
New Mexico SWD Report Card

By emagstage | Comments are Closed

This is the first of a series of observations from EnergyMakers’ New Mexico Deep SWD Report where we explore the practical capacity of New Mexico’s Deep SWD infrastructure and what operators and midstream players canRead more
Next week’s PWS conference – high tech, spirited talk

By emagstage | Comments are Closed

We’re excited about the upcoming PWS conference next week in Houston at the Westin at Gessner (new location)! This conference promises to be highly technical with up-to-the-minute research. I am hosting an AWESOME panel ofRead more