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...
Canada and Tanzania Unite to Unlock Geothermal Energy in Meru: A Powerful Step Toward a Greener Future
In a groundbreaking move set to reshape Tanzania’s energy landscape, Climate Action Africa (CAA) and the Tanzania Geothermal Development Company (TGDC) have officially launched a game-changing initiative: Undertaking Detailed Surface Study for Meru Geothermal Prospect . Robert Buluma This dynamic collaboration marks the first Climate Action Africa partnership of its kind in Tanzania and holds the promise of transforming the nation’s energy future through geothermal power. A Vision Born at the Foot of Mount Meru The Meru Geothermal Prospect, nestled beneath the majestic Mount Meru in Northern Tanzania, is no ordinary site. It is a sleeping giant—an untapped source of clean, renewable, low-emission energy that could power thousands of homes and industries. With the support of the Government of Canada and technical partners like TownRock Energy (UK), Oxfam Consults, and Aquarius Resources, this venture is more than a project—it’s a leap forward in climate resilience and energy inde...