Why drilling expertise is the bridge between oil and gas and Geoenergy
An opinion piece written by Andrew Howell and Karine Kleinhaus urges oil and gas companies, who have cut back on their reduction ambitions in the last year, to leverage their drilling expertise and expand into Geoenergy. “Large oil and gas operators can also play an important role in Geoenergy development, bringing technological expertise, a skilled workforce, and access to capital. There are signs that the industry is starting to wake up to the opportunity,” said Howell and Kleinhaus. The article highlights that venture capital leaders bp and Chevron have a combined investment of $40 million in Eavor, which is helping to expand a renewable energy source that is “always on” and occupies up to 88 percent less land per KWh than other sources of clean energy.
