Oil and Gas Energy Transition
Carbon capture utilisation and storage will play a significant role in supporting the traditionally emissions-heavy oil and gas sector advance towards net zero.
Shale gas looks increasingly likely to transform Europe’s energy outlook with Cuadrilla Resources’ announcement that preliminary drilling near Blackpool in the Northwest of the UK indicates about 200 trillion cubic feet (TCF) of shale gas reserves, says Frost & Sullivan.
Many countries in the Asia Pacific region aim to have 8–20% of renewable energy in their energy mix by 2020 to 2025, making the region an attractive option for the implementation of renewable power generation sources and, thereby, the development of stationary fuel cells.
Cogeneration could meet from 1% to 20% of electricity demand in sub-Saharan Africa but its governments have yet to recognise its potential, finds analysis by Frost & Sullivan.
Russia’s ageing power generation sector presents a growing opportunity for power service companies after years of low investment, finds Frost & Sullivan’s Strategic Analysis of the Power Plant Services Market in Russia.
Middle East & Africa
Industry consultants Frost & Sullivan expects new power generation projects in the Middle East to regain lost traction in 2011 in the wake of a relaxation in the credit markets, especially since demand is expected to maintain its upward spiral.
Equipment & Technology
After hitting an all-time low in 2009–10, western Europe’s steam and gas turbines market will pick up from 2012 to 2014 and hit $2bn in revenue by 2017, finds new research from Frost & Sullivan.