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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Spending on low-carbon projects will increase by $60 billion this year, 10% higher than 2022, led by wind developments but helped by a significant rise in funding for hydrogen and carbon capture, utilization and storage infrastructure, Rystad Energy research shows. -
A company plans to use compressed air to store energy underground in California. The US Postal Service makes a historic announcement. India and Brazil set their sights on green hydrogen, and ammonia cracking takes center stage in Germany.
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One of the problems with geothermal is that the rock that is hot enough to create the steam needed to run a power plant is also capable of destroying drilling hardware.
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Oil and gas companies play important roles in the global push for energy security and carbon reduction. Here’s how they can excel at both.
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Among the outcomes from COP27 that SPE will be discussing in future meetings and publications are the participation of the oil industry in the conference, decarbonization vs. reduction, and attempts to phase out petroleum. Also, read about how SPE Energy Stream selects and presents live and on-demand programming.
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Denbury acquires carbon-storage land in the South, Baker Hughes forms a new wells consortium, and Chevron and BP expand their investments. Hydrogen takes center stage across the globe, while the international energy transition makes strides toward its goals.
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The two companies said they will work together to try to find the best places to develop geothermal energy and advance the necessary technologies to commercial scale.
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Chevron and Occidental plan to launch separate projects to help secure the commercial future of geothermal development in the US.
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Leveraging its existing natural gas interests, plus renewables potential in Egypt and Mauritania, BP is now factoring in Africa to realize its global ambitions as a hydrogen producer.
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A breakthrough fusion demonstration at Lawrence Livermore National Laboratory produced more energy than it used—a historic first.
