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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Geothermal energy is bidding to emerge from its dark horse status in Texas and become a possible solution of choice for some renewable applications. -
New funding aims to launch up to seven pilots to help expand the deployment of enhanced geothermal systems.
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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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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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The oilfield service giant has identified the nation's potential geothermal sweet spots after analyzing data from more than 7,000 wells.
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Geothermal energy has the potential to play a significant role in Japan's energy transition.
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The Biden administration seeks to cut the cost of enhanced geothermal systems by 90% by 2035.
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Using CO2 as the geothermal power fluid to generate electricity from low-temperature abandoned hydrocarbon wells can help reduce well costs and optimize energy production. In this paper, a previously developed coupled well/reservoir model is extended to study the effects of fluid properties on thermal output.
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Hitting the next well during fracturing happens all the time. Predictably doing that on a large scale in granite looks a lot harder.
