Oil and Gas Companies Entering the Geothermal Energy Industry Oil and gas companies are becoming increasingly active in geothermal energy. Their involvement includes direct project development, investment in geothermal startups, drilling and well services, engineering, equipment manufacturing, subsurface studies, geothermal heating, and the conversion of abandoned or nonproductive oil and gas wells. At least 80 oil and gas companies have some form of participation in the geothermal sector. When major oil companies, national oil companies, oilfield-service providers, drilling contractors, engineering firms, geoscience companies, equipment manufacturers, investors, and technology startups are included, the number can reasonably exceed 100. This shift is one of the most important developments in the modern geothermal industry. Oil and gas companies already possess many of the skills required to develop geothermal resources, including geological interpretation, seismic imaging, reservoir m...
Bringing Clean Energy to Life: Appi Geothermal Power Plant Goes Online By Robert Buluma In a significant stride towards sustainable energy production, the Appi Geothermal Power Plant has commenced commercial operations. This joint venture project, spearheaded by Appi Geothermal Energy Corporation (AGE), in collaboration with Mitsubishi Materials Corporation (MMC), Mitsubishi Gas Chemical Company Inc. (MGC), and Electric Power Development Co., Ltd. (J-POWER), marks a milestone in Japan's renewable energy journey. The Power of Geothermal Energy: Located in the picturesque Hachimantai region of Iwate Prefecture, the Appi Geothermal Power Plant harnesses the Earth's natural heat to generate electricity. With an impressive output capacity of 14,900 kW, this facility utilizes steam power through a single flash system, showcasing the potential of geothermal resources in meeting Japan's energy needs. A Commitment to Sustainability: The construction of the Appi Geothermal Power Pla...