Asset Management
The company’s millimeter wave drilling system is approaching a depth of 1 km at its Central Texas site. The recent funding is earmarked for Project Obsidian in Central Oregon, which Quaise calls the world’s first commercial superhot geothermal power plant.
Schneider Electric says the deal advances its vision of creating intelligent industrial ecosystems that connect physical assets with digital insights across the asset life cycle.
The events will be co-located 3–5 May 2027 at Reliant Park in Houston, Texas.
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The $540 million joint acquisition is expected to close in June. -
The deal is expected to support the LNG exporter’s Sabine Pass liquefaction expansion project.
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The award is for Equinor's BM-C-33 development in Campos Basin.
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The construction of the CP2 LNG facilities in Cameron Parish is scheduled to start this year.
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One expert says there needs to be a transfer of safety culture from the traditional energy industry to the newer offshoot of renewables.
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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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Shell and Equinor are progressing the project toward a final investment decision, which is expected later this year.
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Contracts for the Uaru project’s FPSO and subsea installation were awarded to MODEC and Saipem.
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The deal covers the supply of a subsea production system for the Uaru project in the country’s prolific Stabroek Block.
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Offshore work related to the contract is slated to begin in 2024.
