Energy transition
The startup company’s Midland Basin demonstration plant, located in the Permian Basin, takes a major step toward commercialization by proving its direct lithium extraction technology can refine battery-grade lithium carbonate from produced water under multiple 24/7 production cycles.
The power-purchase agreement (PPA) marks largest enhanced geothermal PPA and is expected to accelerate the delivery of continuous, carbon-free power from the Cape Station GeoCluster in Utah.
With millions of wells having been drilled in the US since the beginning of the oil age, the land is pocked with old, unused wellbores. For most, repurposing is a pipe dream. Plugging is the best option.
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A Canadian company reports that it has drilled and completed a historic horizontal well in Saskatchewan. -
Offshore wind energy projects provide appealing options for the application of the skills and knowledge of practitioners involved in the design and fabrication of oil and gas facilities, especially those with offshore experience.
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Many major oil and gas operators have announced their intentions to achieve various emissions goals. Obviously, the transition cannot be achieved with a simple flip of a switch and will require some time.
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TechnipFMC and McPhy signed a memorandum of understanding to work together on the development and project implementation of hydrogen technology. Separately, McPhy and Chart Industries also signed a memorandum to scale up hydrogen projects across various markets.
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Extending and transferring the high-temperature capabilities of existing E&P technologies could make geothermal energy development possible—and scalable—anywhere in the world.
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There is a lot of talk these days about transitions. There are technology transitions going on. There are demographic and cultural transitions in the workforce and in society at large. But the one I want to focus on in this column is the so-called “energy transition.”
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The author of The Prize talked recently about his newest book on the energy transition and what he sees as the most dynamic forces shaping the things to come.
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This year’s outlook contains scenarios that suggest peak demand has already arrived because of a global pandemic and an accelerating energy transition.
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As the company aims to become carbon net zero by 2050, it is undertaking a three-pronged approach focused on transforming its core, investing for growth, and positioning for the future.
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The new geothermal project development company will offer expertise in subsurface and drilling, project development, and risk mitigation.
