Geothermal Isn't Expensive: The Reservoir Always Has the Final Say Somewhere beneath a volcanic ridge, a drill bit is turning through rock that has not moved in two million years. It costs money every second it turns. And nobody on the surface — not the engineer, not the financier, not the minister who announced the megawatts — knows yet whether that well will produce steam or silence. That single moment explains almost everything people get wrong about geothermal energy. Geothermal is routinely described as expensive, slow, capital-hungry and haunted by drilling risk. Investors are reminded that tens of millions can disappear underground before a single megawatt reaches a grid. All of that is true. But it is not the whole truth. The uncomfortable question the industry keeps avoiding is this: is geothermal expensive, or is the way we develop geothermal making it expensive? Those are two completely different problems. One is geology. The other is us. Why Geothermal Refuses to Be...
Gulf Energy Takes Over Tullow Oil’s Turkana Fields – Oil Drilling to Overlap a Geothermal Hotspot By: Robert Buluma In a landmark energy shift for Kenya, British explorer Tullow Oil has officially exited the country after 14 years , selling its Turkana operations to Gulf Energy in a deal worth Ksh.16 billion (USD 120 million). The transition marks the end of Tullow's chapter in Kenya and the beginning of a new phase that could reshape not only oil production but geothermal exploration as well. The takeover grants Gulf Energy full control of the Turkana oil project , situated in a geologically active zone that also happens to host significant geothermal potential. Beneath Turkana’s arid landscapes, volcanic systems create natural heat reservoirs turning the region into a rare frontier where oil and geothermal energy converge. Tullow Oil first entered Kenya in 2010, striking the Ngamia-1 discovery well in 2012, which ignited hopes of the countr...