Energy transition

Almost half of the energy companies Citi lends to are lacking plans to cut greenhouse-gas emissions, the fourth-largest US bank said in a climate report.

Texas has become an early hot spot for geothermal energy exploration as scores of former oil industry workers and executives are taking their knowledge to a new energy source.

The US supermajor aims to speed the commercialization of a new liquid solvent that strips carbon dioxide from industrial flue gas.

The challenges that geothermal energy faces to become a leading player in the net-zero world are well within the areas of expertise of the SPE community, ranging from rapid technology implementation and learning-by-doing to assure competitiveness to establishing suitable funding mechanisms to secure access to capital.

Pink hydrogen, produced through water electrolysis powered by nuclear energy, recently drew attention which underscored the complexity of decision-making in advancing such projects.

Failure to electrify facilities in the UK North Sea could soon result in a denial of petroleum licenses and the forced closure of some offshore assets.

The partnership seeks to shift the economics of carbon capture across high-emitting industrial sectors.

The developer of the recently emerged anchorbit technology is preparing to drill its first geothermal well next year in Germany.

ExxonMobil and Aramco CEOs talk molecules, electrons, and the need to "abandon the fantasy of phasing out oil and gas" at the "Super Bowl of Energy" in Houston.

Ignis H2 Energy and Imeco Inter Sarana announced a strategic partnership to expedite geothermal development in Indonesia.