oil and gas

Siemens Digital Lifecycle Excellence offers a strategic solution for downstream oil and gas companies grappling with unprecedented challenges like market volatility, financial pressures, and stringent regulations. The industry has long struggled with fragmented data, leading to costly project overruns, inefficiencies, and a loss of critical knowledge. This asset, built upon the Siemens Xcelerator digital business […]

Advances in horizontal drilling, adapted from the oil and gas (O&G) sector, are opening up deep geothermal resources once considered inaccessible. As a result, geothermal is emerging as a viable source of zero-carbon baseload power capable of delivering round-the-clock energy to a grid increasingly reliant on intermittent renewables. In a decarbonizing economy, geothermal is no longer an afterthought. It’s becoming essential infrastructure.

As the world transitions toward renewable energy sources, geothermal power has emerged as one of the most promising, yet underutilized, options in the clean energy portfolio. Unlike solar and wind, geothermal offers consistent baseload power generation capacity without intermittency challenges, making it an increasingly attractive component in the renewable energy mix. The geothermal sector has […]

The U.S. Senate in a 59-38 vote has confirmed Colorado-based oil and gas executive Chris Wright as secretary of the Dept. of Energy (DOE). Seven Democrats, including both Michael Bennet and John Hickenlooper from Wright’s home state, crossed party lines and voted with Republicans on Feb. 3 to confirm Wright. Angus King, the independent from […]

UK energy giant BP said it will cut more than 5% of its global workforce, as the company continues a plan to reduce costs as it transitions to more operations outside of its oil and gas business. The London-based multinational group on Jan. 16 said it would lay off about 4,700 workers, and also cut […]

President-elect Donald Trump announced that Chris Wright, the CEO and founder of Denver, Colorado-based Liberty Energy, will lead the Department of Energy (DOE) in the new administration. “I am thrilled to announce that Chris Wright will be joining my Administration as both United States Secretary of Energy, and Member of the newly formed Council of […]

Sage Geosystems will build a first-of-its-kind 3-MW geothermal baseload power and energy storage system on land owned by San Miguel Electric Cooperative (SMECI) in Christine, Texas. The company plans to begin operating the project later this year to supply the Electric Reliability Council of Texas (ERCOT) grid. The project will mark the first commercial-scale deployment […]

The solar energy industry in the U.S. is at a critical juncture. With the ambitious target set by the Solar Energy Industries Association (SEIA) to have solar produce 30% of the country’s energy by 2030, a monumental effort is required. We must add 48 GW of solar capacity each year to meet this goal. Achieving […]

In the common global quest for sustainable and renewable energy sources, traditional oil and gas producers are beginning to focus on alternative sources. Geothermal is emerging as one of the most promising renewable energy sources globally, and over the coming years will become an essential component of the overall power market. Power producers’ embrace of […]

Development of the first floating offshore wind farm in the Arctic Circle is moving forward, with three Norwegian companies releasing a project plan for the installation. The GoliatVIND project is envisioned as a 75-MW array installed in deep water northwest of Hammerfest, Norway, in the Barents Sea. The installation would be linked into the Goliat […]

The world’s oil and gas majors, along with some of the largest utility companies, continue to invest in renewable energy as they develop diversified power generation project portfolios. Among the latest is

An installation that at present is considered the world’s largest floating offshore wind farm has produced its first power, providing electricity for oil and gas exploration operations in the North Sea. Hywind Tampen on Nov. 13 began powering Equinor’s drilling at the Gullfaks oil and gas field. The wind farm is located about 87 miles […]

The mining of cryptocurrency, or bitcoin, is an energy-intensive process, and entrepreneurs are looking at several technologies—including innovative geothermal energy techniques—to power their operations. Among the latest is a service from a California-based renewable energy group, RenewaBit, which has joined with CeraPhi Energy, a Houston, Texas-based company, to produce geothermal energy with integrated crypto mining […]

The Biden administration has made clear its intention to promote the transition to clean energy, setting ambitious goals like carbon neutrality for the power sector by 2035 and for the entire country by 2050. A critical step toward these goals was congressional passage of the $1 trillion Infrastructure Investment and Jobs Act (IIJA), which President […]

Despite exacting a heavy environmental and financial toll, routine flaring remains a persistent practice in the oil and gas sector. This gas could be captured and used for productive purposes, but a lot of it simply isn’t. While flaring levels are down 5% from 2019, this is still a huge amount—142 billion m3/yr in fact. […]

President Biden’s signature infrastructure law aims to, among other objectives, propel America forward in transitioning to a clean energy economy. If its proposals are executed properly, I’m confident that it will succeed in that goal. The new law will help the U.S. catch up to countries like China, who have been beating America in the race […]

TotalEnergies, the French oil and gas multinational company formerly known as Total, has bagged deals representing a total $10 billion with the government of Iraq to help the resource-rich country address power shortages. The company said on Sept. 6 that following the agreements with the Iraqi Ministries for oil and electricity and the country’s National […]

Now is the time for oil and gas companies to get involved in renewable energy. Fossil fuels provide the bulk of energy consumed in the U.S., but oil and gas (O&G) companies saw declining energy consumption in recent years and face a negative, long-term economic outlook. According to Wood Mackenzie, wind and solar will make […]

AUSTIN, Texas, June 2, 2021 — Enverus, the leading global energy data analytics and SaaS technology company, released today its initial suite of solutions for the Power & Renewables market. Built on a foundation of the most comprehensive data and analytics capabilities available, these products enable project and infrastructure tracking with full source documents, investment […]

Although you’d be hard-pressed to find an expert who believes oil and gas companies will abandon exploration and production operations anytime soon, several oil and gas majors are expanding their businesses

President Trump’s action to ban oil and gas drilling off the East Coast and through much of the Gulf of Mexico also eliminates leases for offshore wind farms, according to the U.S. Department of the Interior. Trump earlier this month issued two memos withdrawing the potential to lease land for oil and gas extraction on […]

BP made headlines in early August when it announced it wants to develop about 50 GW of net renewable generating capacity by 2030—a 20-fold increase from the 2.5 GW deployed in 2019—as part of a new

More oil and gas companies are ditching diesel and natural gas generation for renewables to power field operations, a new study from IHS Markit suggests. The market research company says it has so far tallied

Chevron seeks to source more than 500 megawatts of renewable electricity for its operations OAKVILLE, ON, July 30, 2020 /PRNewswire/ – Chevron U.S.A Inc. (CUSA), a wholly owned subsidiary of Chevron Corporation (NYSE: CVX), and Algonquin Power & Utilities Corp. (“Algonquin”) (TSX: AQN) (NYSE: AQN) today announced an agreement seeking to co-develop renewable power projects that […]

The onset of the COVID-19 pandemic is not the type of thing enterprise technologists could see in our magic crystal ball. Before the onset of the virus and its effects, I set out three predictions for the energy, utilities, and resources sector for the coming year—but of course, a global shutdown of business, transport, and […]

Siemens Gamesa has bagged a lucrative contract to supply 11 8-MW offshore wind turbines to Equinor’s 88-MW Hywind Tampen floating wind farm, a first-of-its-kind project that will power oil and gas platforms 140 kilometers offshore Norway.  Equinor—as Statoil, Norway’s state-owned oil company, is now named—announced a final investment decision to build Hywind Tampen on Oct. […]

Oilfield service providers are increasingly moving beyond oil and gas development work, and into renewable energy projects, according to a study conducted by Rystad Energy, an independent research and business intelligence company that provides data, tools, analytics, and consultancy services to the global energy industry. In findings released on Oct. 29, Rystad said that oil […]

Peabody, MA:  The Colorado Oil and Gas Producer Bonanza Creek Energy is taking advantage of the Entrained Gas Management (EGM) that ensures both stable and uninterrupted measurements of oil with high gas content. Integrated in OPTIMASS Coriolis flowmeters, the technology provides a cost effective, rugged, and reliable measurement for accurate well allocation information. Denver-based Bonanza […]

Although the U.S. and Canada are both aiming for similar greenhouse gas (GHG) emissions reductions, the two countries are embarking on decidedly different approaches to reaching their goals, according to a report released on August 23. IHS Markit—a company that provides information, analytics, and solutions to customers in business, finance, and government—developed the report, titled […]

Construction of a 50-MWt plant that will demonstrate a novel oxyfuel natural gas power system using Allam Cycle technology with zero atmospheric emissions has kicked off in La Porte, Texas. The demonstration plant is being built by the technology’s developer, Durham, N.C.–based NET Power, along with Exelon Generation, CB&I, and 8 Rivers Capital. NET Power’s […]