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...
The recent signing of an agreement between Kenya Electricity Generating Company (KenGen) and Synergetic Development Group marks a pivotal moment in Kenya's push toward sustainable industrialization. Image: Image Credit: Nexaxioms Announced on March 15, 2026, this deal brings the fourth investor to the KenGen Green Energy Park in Olkaria, Naivasha, solidifying the site's role as a hub for green manufacturing and energy-intensive industries. KenGen, Kenya's leading electricity producer, has positioned the Green Energy Park as a special economic zone (SEZ) leveraging the country's abundant geothermal resources. The park provides reliable, competitively priced clean energy, land, and water to attract investors focused on sustainable operations. This latest partnership involves Synergetic Development Group establishing an integrated logistics center for steel products combined with a steel fabrication plant. The investor will access 18 MW of geothermal power, 10 acres of ...