oil and gas

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 […]