Heat Exchanger World Magazine December 2024 | Page 28

Oil & Gas
energy investments . BP aims for 50 GW of renewable generating capacity by 2030 , planning to cut oil and gas production by 40 %. European oil giants are leading the transition , allocating an average of 16.1 % of their capital expenditures to renewable energy , compared to 2.6 % by U . S . companies like Chevron and ExxonMobil .
Electrification Electrification is gaining traction in the oil and gas industry , particularly in hydraulic fracturing , offshore rigs , and subsea operations . E-frac fleets , powered by gas turbines , are more efficient and have a smaller environmental footprint than traditional diesel-powered

SYSTEMS FOR TOMORROW ’ S HEAT SUPPLY , FROM SOURCE TO USER