Asset Management
Crude benchmarks spiked amid concerns that the US-Iran ceasefire is collapsing as commercial shipping comes under renewed attack.
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.
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Challenges to development, including costs, cited as reasons for turning back the acreage. -
Jackup rig Borr Norve has started drilling operations on the project’s fourth production well, DHIBM-6H.
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Fervo Energy’s bet that fracturing methods can be used for geothermal power is looking like a winner.
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Additional milestones reached could add $14 million to purchase price.
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Lebanon hopes to join the club of EastMed gas producers as TotalEnergies and its partners spud an appraisal well near Beirut’s maritime border with Israel where gas is already being produced.
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Wave power plus a subsea battery can be a reliable source for subsea operations, to a point.
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Woodside confirms key contracts for deepwater Mexican Gulf development.
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National oil companies and traditional upstream players are progressively focusing on cleaner and more environmentally friendly energy initiatives.
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Norwegian energy company Equinor has acquired a 25% stake in the Bayou Bend CCS project from Houston-based Carbonvert.
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Registration is open for the SPE Europe Energy GeoHackathon, which will be held in October and November. It will be preceded by 4-week online bootcamp sessions on data science and geothermal energy, which will begin on 2 October.
