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 engineer
At Alphaxioms,We are The Number One Geothermal News Site Globaly, Our Cutting Edge Consultancy In Geothermal Energy Encomprises Geothermal Resource Assesment,Power Plant Development, Projects Management and Financing, Corprate Planning and Strategy, Reservoir Management, Lithium Extraction From Geothermal, Geological Hydrogen , Repurposing of Oil and Gas Wells and Related Research