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...
XGS Energy and Baker Hughes Forge Strategic Alliance to Unlock Next-Generation Geothermal Power in New Mexico By: Robert Buluma In the ever-evolving race toward reliable, clean, and scalable energy solutions, geothermal power is stepping out of the shadows and into the global spotlight. A groundbreaking collaboration between and is now setting the stage for what could become one of the most transformative geothermal developments in the United States. Announced on March 25, 2026, this strategic partnership is not just another energy deal—it is a bold step toward redefining how geothermal energy is developed, deployed, and scaled. At the heart of this collaboration lies a planned 150-megawatt geothermal project in , a project that promises to reshape the region’s clean energy landscape while delivering round-the-clock power to support the growing demands of modern infrastructure. A Strategic Collaboration with Industrial Muscle The partnership between XGS Energy and Baker Hugh...