Geothermal energy
Geothermal systems, which rely on extracting heat from deep within the Earth, face many of the same technical challenges that oil and gas operators have tackled for decades. Geothermal development can be advanced efficiently and economically by applying proven oil and gas technologies.
The companies have announced they will work together to integrate geothermal well engineering and project delivery globally.
Closed-loop geothermal systems have entered the new-energy arena to generate electricity using the underground as a heat exchanger.
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Advantages for conversion of nonactive oil and gas wells to geothermal wells include deferred plugging and abandonment costs, safety and environmental concerns, and potential energy production. -
SPE and Project Innerspace are organizing the first Geothermal AInnovation Competition. Teams from around the world are invited to participate in this virtual competition aimed at showcasing the potential of AI-assisted work flows in the geothermal life cycle.
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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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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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Premier Corex and Teverra will be combining their efforts to aggregate data for companies involved in large-scale geothermal projects.
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The consortium will leverage the oil and gas industry's 100+ years of experience and technological developments in drilling and subsurface engineering to advance geothermal.
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The large US shale producer has officially entered into the renewable energy sector with its largest venture investment yet.
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Two US test sites have fractured hot, dry rock with plans to create a network of fractures for water heating. They will soon find out if the fractures worked as expected.
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Fracturing hot rock to create a geological water-heating system is like fracturing an oil well, but for a different purpose, so is proppant really necessary?
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When confronted by extremely hot wells drilled into hard rock, engineers start looking for new tools and then ask, is there a cheaper option?
