Skip to main content

Oil and Gas Companies Focus on Geothermal

From Barrels To Steam, How Oil and Gas ⛽ Companies are Craving for More Steam



In a bold move towards sustainability and diversification, several major oil and gas companies are shifting their focus towards geothermal energy. This strategic shift signifies not only a response to the growing demand for clean energy but also a recognition of the potential of geothermal resources as a reliable and renewable energy source. Let's delve into the recent developments and initiatives taken by key players in the oil and gas industry towards embracing geothermal energy:


ExxonMobil's Exploration into Enhanced Geothermal Systems (EGS)


ExxonMobil's Chairman and CEO, Darrel Woods, recently hinted at the company's interest in Enhanced Geothermal Systems (EGS). This technology involves drilling deep into the earth's crust to access heat reservoirs and utilizing hydraulic fracturing techniques to enhance heat extraction. By leveraging their expertise in drilling and reservoir engineering, Exxon aims to unlock the vast potential of EGS for sustainable energy production.


Repsol's Geothermal Studies

Repsol, a global energy company, has been actively conducting geothermal studies as part of its commitment to renewable energy development. By leveraging their experience in exploration and production, Repsol aims to identify and assess geothermal resources worldwide, paving the way for future geothermal projects and investments.


Collaboration Between Baker Hughes and Continental Resources & Chesapeake Energy


Baker Hughes, a leading oilfield services company, has collaborated with Continental Resources and Chesapeake Energy, giants in the oil and gas industry, to explore opportunities in geothermal energy. This collaboration brings together technical expertise and resources to drive innovation and accelerate the adoption of geothermal technologies for sustainable energy production.


Chevron's Partnership with Baseload Capital for Geothermal Projects


Chevron's New Energies division has signed a partnership agreement with Baseload Capital to develop geothermal projects in the Weepah Hills region of Nevada. This partnership underscores Chevron's commitment to diversifying its energy portfolio and investing in renewable energy sources like geothermal, which offer long-term sustainability and environmental benefits.


US DOE's Insights on Permitting Time and Geothermal Development


Lauren Boyd, representing the US Department of Energy (DOE), has highlighted the potential for streamlining permitting processes in geothermal development, drawing from the experience of the oil and gas industry. By applying lessons learned from oil and gas operations, the geothermal sector can expedite project approvals and accelerate the deployment of geothermal energy projects.


Eavor Geothermal's Transition from Oil and Gas


Eavor Geothermal, formerly known for its involvement in the oil and gas industry, has successfully transitioned its focus to geothermal energy. This transition reflects a broader trend within the energy sector, where companies are repositioning themselves to capitalize on the growing demand for renewable energy solutions.

Petrolern's Venture into the Geothermal Market

You can support us here on world remit using mobile number 254701279086 Support Us

In conclusion, the shift towards geothermal energy among oil and gas companies signifies a paradigm shift towards sustainability and renewable energy. By leveraging their technical expertise, resources, and experience, these companies are poised to play a significant role in driving innovation and accelerating the transition towards a more sustainable energy future.

Labels:

Comments

Post a Comment

Hot Topics

Mercury, Contact Lead NZ's Supercritical Geothermal Energy Revolution

🌋 From the Ground Up: New Zealand’s Bold Leap into a Supercharged Geothermal Future By:  Robert Buluma In the heart of New Zealand, beneath the rugged volcanic landscapes and steaming geysers, lies an energy revolution waiting to erupt. On July 30th, 2025, a powerful message echoed from the geothermal capital of the Southern Hemisphere — New Zealand is not just embracing its geothermal potential; it is preparing to unleash it. With the unveiling of the draft strategy titled From the Ground Up , the government, led by Minister Shane Jones for Resources and Regional Development, signaled a transformative shift in how the nation will harness the heat beneath its feet — and it's as ambitious as it is inspiring. 🔥 A Legacy Forged in Steam New Zealand’s geothermal story is deeply rooted in its identity. Long before turbines spun and power grids buzzed, Māori ancestors were using geothermal waters for warmth, healing, and cooking. Geothermal, or waiwhatu , is more than a resource — ...
Post a Comment
Read more

Pentagon Expands Geothermal Push to Strengthen Military Energy Security

Pentagon’s Power Play:  DoD Expands Geothermal Push to Fortify U.S. Military Energy Security By:  Robert Buluma In a move that blends cutting-edge clean energy technology with the uncompromising demands of national security, the U.S. Department of Defense (DoD) is ramping up its geothermal initiatives to ensure mission assurance and round-the-clock power for military installations. The stakes are high — with threats from wildfires, extreme weather, cyberattacks, and power shortages looming larger than ever, the Pentagon is betting on geothermal’s resilience to keep bases operational no matter the conditions. A United Front for Energy Resilience Through the Defense Innovation Unit (DIU) , the DoD is partnering with the Air Force, Army, Navy, and Marines to de-risk geothermal development and pave the way for full-scale power plant construction on military bases. Six geothermal innovators have been tapped for the mission: Eavor  – Pioneers in closed-loop geotherma...
Post a Comment
Read more

Ormat Secures USD 50M to Power Dominica’s First Geothermal Plant

Dominica’s Clean Energy Leap: Ormat Secures USD 50M for First Geothermal Plant Posted on August 19, 2025 By  Robert Buluma In a groundbreaking stride for renewable energy in the Caribbean, Ormat Technologies Inc. clinched USD 50 million in project financing for Dominica’s first-ever geothermal power plant , marking an unprecedented milestone for the region’s clean energy ambitions. Financing & Strategic Backing The funds come courtesy of the Caribbean Development Bank (CDB) and the CARICOM Development Fund (CDF) , with legal advisory provided by Arnold & Porter. This transaction represents the first project financing of a geothermal facility in the Caribbean  a landmark for the region’s renewable energy sector. Project Overview Capacity & Cost : The initiative entails building a 10 megawatt (MW) geothermal plant in Dominica’s scenic Roseau Valley , with total projected costs nearing USD 62 million . Development Structure : Structured under a concession a...
Post a Comment
Read more

Cornwall’s Geothermal Gamble: Council Delays Decision on Slaughterbridge Power Plant

Cornwall’s Geothermal Gamble: Delay Sparks Debate in Slaughterbridge Published: 22 August 2025 By:  Robert Buluma Cornwall at a Crossroads: Energy Opportunity or Environmental Risk? Slaughterbridge, Cornwall – A decision that could have marked a major leap toward renewable energy in Cornwall has been put on pause. Cornwall Council has deferred its judgment on a proposal by Geothermal Engineering Ltd to drill into the hot rocks beneath Slaughterbridge, near Camelford. While the initiative promises clean energy and economic growth, concerns over environmental risks have left the project on hold—for now. What’s on the Table? The heart of the plan, known as Tregath Geothermal , is ambitious: tapping into underground thermal heat to supply about 4.9 MW of renewable baseload electricity to the National Grid. Supporters say it would reduce Cornwall’s reliance on fossil fuels, create jobs, and inject roughly £2 million into the local economy. Sound appealing, right? Fear Benea...
Post a Comment
Read more

Exceed Geo Energy Partners with PMDD on Historic 110-MW Geothermal Project

PMDD and Exceed Geo Energy Sign Historic 110-Megawatt Geothermal Agreement in Presidio By:  Robert Buluma Presidio, Texas is on the verge of an energy and economic revolution. On May 22, the Presidio Municipal Development District (PMDD) and Exceed Geo Energy signed a transformative 110-megawatt geothermal power purchase agreement (PPA) term sheet—an ambitious commitment that promises to redefine the region’s future. This groundbreaking framework, unveiled during the inaugural “Presidio Vision 2035” student competition, will provide Presidio with reliable, clean, and constant power, far surpassing current local demand. More importantly, it lays the foundation for attracting industries like data centers, manufacturing plants, refrigerated logistics, and agricultural processing facilities to this vital U.S.–Mexico trade corridor. A New Era of Clean Energy and Economic Growth John T. Kennedy, Executive Director of PMDD, emphasized the transformative scale of this agreement: “T...
Post a Comment
Read more

Germany Maps 150+ Deep Geothermal Projects, 2000MW Planned

🌍 Germany’s Geothermal Boom: 2,000 MW in the Pipeline as New Map Reveals Over 150 Deep Geothermal Projects By: Robert Buluma Germany is turning up the heat—literally—on its clean energy future. A newly released map from the German Geothermal Energy Association (BVG) shows a dramatic surge in deep geothermal energy projects across the country. Titled "Deep Geothermal Projects in Germany," the map offers a comprehensive snapshot of over 150 geothermal projects currently in planning, with a staggering potential to generate up to 2,000 MW of thermal energy , and in some cases, electricity. 🔍 Current Geothermal Landscape in Germany According to the BVG, there are now: 42 operational deep geothermal plants 31 provide only heat 9 produce both heat and electricity 2 generate electricity exclusively 16 plants currently under construction 155 new plants in the planning phase 8 research facilities 170 thermal baths powered by geothermal sources The currently installed capacity stan...
Post a Comment
Read more

GeoTHERM 2026: Call for Papers and Tickets Now Open

Join the Movement: GeoTHERM 2026 – Call for Papers & Tickets Now Open By : Robert Buluma The world’s leading gathering for geothermal energy innovation is taking shape once again! GeoTHERM 2026 – Expo & Congress invites geothermal experts, researchers, and industry leaders to be part of shaping the future of geothermie . What’s Happening & When? Mark your calendars— GeoTHERM 2026 will take place on 26 and 27 February 2026 in Offenburg, Germany —a thriving hub dubbed the “centre for future energy in Europe.” As Europe’s most significant geothermal trade fair and congress, this event serves as a springboard for professional exchange, technological showcase, and strategic networking. Ticket Shop Now Open Secure your spot now— the GeoTHERM 2026 ticket shop is officially open ! This is your chance to join the geothermal community in person, access cutting-edge insights, and engage with industry peers. Join the Scientific Programme: Call for Papers Now Live Calling all ...
Post a Comment
Read more

UK Launches Geothermal Platform to Power the Net Zero Future

Unlocking the UK’s Geothermal Future: A New Platform for Decarbonisation By:  Robert Buluma The UK has just taken a bold step toward a cleaner energy future with the launch of the UK Geothermal Platform , an innovative government-funded initiative designed to highlight geothermal potential across the nation. Developed by the British Geological Survey (BGS) and funded by the Department for Energy Security and Net Zero (DESNZ), this platform is set to become a game-changer in the race to net zero. What is the UK Geothermal Platform? At its core, the platform is an interactive map and data hub that brings together a wealth of geoscientific information—spanning national to local scales—about the geothermal resources lying beneath Britain’s surface. From shallow ground-source heat pumps to deep geothermal systems in granites, the tool allows decision makers, developers, and researchers to evaluate the geothermal potential of any area with ease. Dr. Alison Monaghan, head of geotherm...
Post a Comment
Read more

Canada’s Bold Leap: Geothermal-Powered Communities Are Here

Powering Canada’s Future: A Landmark Geothermal Alliance Between Diverso Energy and Mattamy Homes By Robert Buluma , August 2025 Imagine a neighbourhood where homes stay comfortably warm in winter and refreshingly cool in summer—without relying on gas or expensive HVAC systems. Welcome to the new era of sustainable Canadian homebuilding, powered by a groundbreaking partnership between Diverso Energy and Mattamy Homes . What’s the Big News? Diverso Energy , a trailblazer in geothermal Energy-as-a-Service (EaaS), has joined forces with Mattamy Homes , one of North America’s largest privately-owned homebuilders, in a national joint venture to bring geothermal technology into select residential projects across Canada. Diverso will now be the exclusive provider of geothermal heating and cooling to Mattamy developments—from single-family homes and townhouses to mid-rise and high-rise multi-unit buildings. Why It Matters: Sustainable, Scalable, Smart This partnership ushers in a sc...
Post a Comment
Read more

Innargi Deep: Seismic Surveys Spark Geothermal Heating RevolutionHeading: Łódź DiINNARGI Digs Deep: Seismic Surveys Spark Geothermal Heating Revolutiong Revolution

🌍 Seismic Surveys Kick Off Geothermal Exploration in Łódź Why Łódź is Going Underground for Clean Heat By:  Robert Buluma In an exciting development for climate-focused energy innovation, the Danish company Innargi has teamed up with Veolia Energia Łódź to explore the geothermal potential beneath the city of Łódź, Poland. A letter of intent signed in late 2024 formalized their long-term partnership to decarbonize the city's district heating system by tapping into renewable geothermal resources. Mapping the Earth: What’s Happening & When Starting around August 11, 2025 , seismic surveys are scheduled to begin across four routes covering approximately 160–186 km throughout the city. Specialized vibro‑trucks will send controlled vibrations—lasting roughly 20 seconds—into the ground. These signals are captured by geophones placed in advance along the planned routes. The data will be used to build a detailed subsurface map in just 4 weeks . Survey operations are prima...
Post a Comment
Read more