BJV Design Inc.’s Post

It is critically important that your seismic program is properly designed with your specific objectives in mind. Whether you are interested in acquiring seismic for GEOTHERMAL, OIL AND GAS, WIND FARM PLANNING or HYDROGEN EXPLORATION, BJV can help ensure your seismic program is an economic success. https://lnkd.in/e4W_9bRt

The oil and gas industry has been crucial to geothermal power's scalability The progress made in the last two years to achieve "deeper, hotter, faster, cheaper drilling", in the words of Eavor CEO John Redfern, has made geothermal feasible in more areas of the world than ever before

Oil-and-gas companies are stepping up geothermal investments, betting the technologies that fueled the shale revolution can turn the budding industry into a big producer of clean power https://lnkd.in/ejDCqkZN This is interesting but I bet it uses a lot of water.

One goal for geothermal power, according to Fervo CEO Tim Latimer, is an unsubsidized levelized cost of energy of $.045USD/kw Once geothermal goes to the hard places, "deeper, hotter, faster, cheaper" drilling will help keep it on par with current LCOE ($.055) and competitive with methane ($.038)

Oil-and-gas companies are stepping up geothermal investments, betting the technologies that fueled the shale revolution can turn the budding industry into a big producer of clean power.

Next-generation geothermal energy means drilling deep—for heat instead of oil and gas. https://lnkd.in/ea_VMXBq

You know what I like to see in a new investment? The support of former Enron traders. Gives one confidence. (/sarcasm). But it, along with the support of the oil industry certainly gets you great press coverage. "Oil-and-gas companies are accelerating investments in geothermal energy, betting the technologies that fueled the shale revolution can turn the budding industry into a large producer of clean power." “Once the industry is proven, I would not be surprised for today’s oil-and-gas industry to either buy or build their way to be significant players in advanced geothermal,” said [John] Arnold, former Enron Executive. Guess what the geothermal fracking company is promising. Same thing as Exxon is still promising. Technological advances and cheaper drilling. See the article I published yesterday in the comments for more on that. https://lnkd.in/ekp_K7yf

The same tech used in the oil and gas shale boom could help reduce the cost of drilling for clean, renewable geothermal. https://lnkd.in/e7RWi_P9

Perhaps I'm being thick, but when the level of geothermal power wells drilled onshore per year is in the ball park of 200, where the costs of onshore activity are so much cheaper, to contemplate that standalone offshore geothermal drilling activity (i.e. not co-producing) is somehow going to provide some new paradigm where onshore hasn't seems a stretch. As always it is not the presence of resource that is in question, or the technical do-ability, it is the cost of accessing it reliably on commercial timescales relative to alternatives. Never say never, but as someone who has spent a career dealing with the challenge of offshore drilling and development costs pitted against hydrocarbon resource, which was battle enough, pitting that against some MW of power - that will take one heck of a resource, and one very proximal market starved of alternatives, to justify.

Does oil and gas exploration still have a role to play in the energy transition? This month’s #WMHorizons delves into the argument that selective, high-impact exploration could cut carbon intensity by displacing dirtier alternatives, while still adding value for both resource holders and explorers. Read it now: https://okt.to/PV4s6R