MB Century sells Rig 32 to Webster Energy Services: what the move means for New Zealand geothermal drilling MB Century and Webster Energy Services have agreed the sale of MB Century’s Drillmec HH350 drilling rig, Rig 32, with completion slated for December 2026 after the rig finishes its current campaign for Tūaropaki Power Company. The transaction signals a strategic shift for MB Century,moving away from direct drilling ownership toward concentrating on engineering, reservoir and technical services,while Webster Energy uses the acquisition to deepen its footprint in the New Zealand geothermal market. This article summarises the deal, then drills into the operational, market and workforce implications for New Zealand’s geothermal sector, the strategic logic for both companies, and what the transaction suggests about capacity, competition and future drilling trends. Deal overview and timeline Parties: MB Century (seller) and Webster Energy Services (buyer). - Asset: Drillmec HH350 rig k...
Croatia Approves Geothermal Exploration in Kotoriba: No Full Environmental Impact Study Required By: Robert Buluma Croatia has taken a decisive step forward in its clean energy transition with a new approval that underscores its commitment to renewable energy development. The Ministry of Environmental Protection and Green Transition has ruled that the upcoming geothermal exploration project in Kotoriba—specifically in Zones 2 and 3—does not require a full Environmental Impact Assessment (EIA). This decision effectively allows Viola Energy Generation d.o.o. to proceed with drilling up to four geothermal exploration wells, marking a major milestone for the country’s geothermal sector. As Europe accelerates its shift toward sustainable and energy-secure solutions, Croatia’s proactive stance positions it as a rising leader in geothermal development within the region. A Strategic Decision for Croatia’s Renewable Energy Future In its resolution dated 30 October 2025 , the Ministry concluded...