Energy transition
A new Eni/Petronas venture is targeting 500,000 BOE/D in output from combined upstream portfolios across Malaysia and Indonesia.
2025 has seen an 81% year-on-year rise in the number of small modular reactor (SMR) designs to have secured at least one source of funding or a funding commitment.
The global oilfield service company is working with Ormat Technologies to boost its integrated geothermal business.
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The authors introduce a novel framework combining dynamic mode decomposition, a data-driven model-reduction technique, with direct data assimilation to streamline the calibration of carbon-dioxide plume evolution models. -
The companies have announced they will work together to integrate geothermal well engineering and project delivery globally.
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A recent report from Wood Mackenzie highlights the role of natural gas in supporting renewables and reducing emissions.
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Closed-loop geothermal systems have entered the new-energy arena to generate electricity using the underground as a heat exchanger.
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Equinor will reduce investments in renewables over the next 2 years by 50% to $5 billion and will increase its focus on oil and gas production, expecting more than 10% growth from 2024 to 2027.
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The companies said they plan to work together on developing geopressured geothermal systems for low-carbon energy storage and geothermal power generation.
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Greenhouse gases are woven into every stage of a well’s life, which presents challenges that demand creative solutions that do not require too much capital.
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Wood Mackenzie reports that prices would need to rise, capital discipline would need to evolve, and spending would need to increase by 30% for the upstream sector to meet demand in a delayed energy transition scenario.
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The agreement aims to accelerate new commercial technologies that address challenges with geothermal development.
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GEODE is a consortium led by Project InnerSpace and the Society of Petroleum Engineers and funded by the US Department of Energy’s Geothermal Technologies Office.
