Energy transition
The emergency permitting rules aim to accelerate geothermal energy development. Ormat Technologies' three Nevada projects will be the first to benefit from the streamlined process, with environmental reviews cut from years to weeks.
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Altitude Energy Partners optimized drilling efficiency by minimizing dysfunctions and protecting downhole components. Their directional drilling team ensured consistent curves and laterals through precise BHA design, modeling, and trajectory control—reducing nonproductive time and drilling costs, and achieving a 100% improvement in efficiency by pad completion.
The times are changing and so are our industry’s prospects, as hydrocarbons are now recognized as cardinal to affordable energy security for the conceivable future. But, in avoidance of suspense, the answer to the headline question is “absolutely.” Here we look at the rationale why.
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In an assessment of efforts to meet a key Paris accord target, the International Renewable Energy Agency said the energy transition was currently "off-track." -
SPE’s professional membership has an important role to play in mitigating climate change concerns and in developing new low- or no-carbon sources of energy. We offer a forum for presenting and disseminating scientifically vetted technical information about what can be and is being done by our members.
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A decade ago, SPE defined key R&D and technology challenges for the industry. To address the more uncertain environment of the 2020s and beyond, we have updated the grand challenges via a January 2023 SPE workshop.
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Picking up the pace of innovation and demonstration of advanced nuclear reactors is required if nuclear is to play a role in decarbonization beyond electricity by providing low-carbon heat or hydrogen.
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A new report said the US supermajor has made its second move in a month to enter the emerging lithium extraction industry.
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A new paper warns that meeting emission reduction targets in the top US oil basin will require a fourfold increase in available grid electricity.
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Putting into action an agreement signed in 2022, the companies will collaborate on the project to test the emerging technology for producing geothermal energy.
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In the world of wind, Equinor has postponed its initiative indefinitely while Repsol moves ahead in Italy, and Portugal plans to auction offshore leases for wind farms.
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The innovations in the carbon removal space are gaining attention for their potential to curb global climate change, but they each face particular challenges in implementation.
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A look at recent first‑quarter results reminds us that there is no such thing as a constant trend in our industry. Continual recalibration of companies’ activities aim to obtain positive financial results in the traditional oil and gas business while devoting efforts in a practical way to both mitigate climate change issues and to develop new forms of energy.
