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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Project consists of two production wells and a subsea tieback to ETAP. -
Finding talent to advance technologies for energy transition is among the top concerns for executives in oil and gas, utilities, chemicals, mining, and agribusiness. Talent shortages, especially for technical experts, are slowing down progress.
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The Biden Administration plans for a maximum of three lease sales in the Gulf of Mexico from 2024 to 2029.
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The company is set to supply offshore well services and subsea systems for Vår Energi-operated fields on the Norwegian Continental Shelf.
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The 187-MW Peacock Solar project, expected to come online in the second half of 2024, is designed to help power a Gulf Coast Growth Ventures petrochemical complex.
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Operator pays $400 million for a 40% stake in tract that contains the $6-billion Cameia/Golfinho project.
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The heated global jackup rig market has day rates for premium units climbing higher.
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Production from the field northwest of the Shetland Islands is expected to start in 2026 or 2027.
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The oil and gas industry-backed geothermal firm plans to drill up to 29 wells in southwestern Utah that will deliver electricity to the state's grid by 2026.
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The development scheme for BM-C-33 includes an FPSO capable of processing gas and condensate without further onshore processing.
