Society of Petroleum Engineers International’s Post

A 2006 report by MIT and funded by the U.S, Department of Energy, conducted the most comprehensive analysis to date on the potential and technical status of EGS. The 18-member panel, chaired by Professor Jefferson Tester of MIT, reached several significant conclusions: 1.Resource size: The report calculated the United States total EGS resources from 3–10 km of depth to be over 13,000 zettajoules, of which over 200 ZJ would be extractable, with the potential to increase this to over 2,000 ZJ with technology improvements — sufficient to provide all the world's current energy needs for several millennia. The report found that total geothermal resources, including hydrothermal and geo-pressured resources, to equal 14,000 ZJ — or roughly 140,000 times the total U.S. annual primary energy use in 2005. 2.Development potential: With an R&D investment of $1 billion over 15 years, the report estimated that 100 GWe (gigawatts of electricity) or more could be installed by 2050 in the United States. The report further found that "recoverable" resources (accessible with today's technology) were between 1.2 and 12.2 TW for the conservative and moderate recovery scenarios respectively. 3.Cost: The report found that EGS could be capable of producing electricity for as low as 3.9 cents/kWh. EGS costs were found to be sensitive to four main factors: A.Temperature of the resource B. Fluid flow through the system measured in liters/second C. Drilling costs D. Power conversion efficiency

Have you read the latest edition of OGV Energy’s Renewables Magazine?    This issue features an insightful article from AREG director and FENNEX director, NASSIMA Menasria Brown.     In her article, Nassima says: “Reaching net zero is one of the biggest challenges of our lifetime with ambitious targets set for Scotland to meet net zero emissions for all greenhouse gases by 2045, technological innovation is a crucial part of the puzzle.”    Check out the issue now to learn more about how digital innovation will accelerate the energy transition: https://lnkd.in/d7sa_-z    #OGV #Energy #Renewables #ReadNow #Digital #Innovation 

Technical Talk 2024! Book now for this exciting event on 27 February: 'How Oil and Gas Competencies are shaping Low-Carbon Energy Technologies'. This in-person talk is by Rita Esuru Okoroafor, who is an Assistant Professor at Texas A&M University, and is the author of several technical papers and two novels. #energy #oilandgas https://lnkd.in/erSuainP

There are many different definitions of the energy transition. Below are some of my own thoughts, summarized in an invited talk I gave to a group of Shell Oil Company geoscientists and subsurface engineers before I joined the NSF. Based on 40 years of experience in many different energies working in industry, academia, and as a Senior Director at the United States Department of Energy, I believe that oil and gas and renewable energy solutions, and energy storage, are and will continue to be important components of the transition over at least the next 30 years. R&D, translation, workforce and economic development for both fossil and renewable energy are important to energy independence. We need solutions that are profitable, scalable and sustainable, or could be. What do you think? P.S. As outlined in one of the slides in the attached deck ("synthetic geothermal reservoir,") energy storage for intermittent solar and wind is an important issue; however, it need not be achieved solely by materials-based batteries. It can be done by subsurface energy storage in the earth, potentially exceeding 100 hours duration. #oilgas #renewable #energy #ai #aapg #geothermal #hydrogen #solarenergy #windenergy #ccus #energytransition #geoscience #engineering #departmentofenergy #spe #materialsscience https://lnkd.in/gtZc2wrq

I am happy to share the chapter of my authorship in the "Handbook of Pipeline Engineering" about "Energy Transition: Opportunities and Challenges to the Pipeline Industry". Pipeline companies have a lot to do in the context of energy transition. https://lnkd.in/dfimaCkH

Insightful report into the role of #hydrogen in reducing emissions in hard to abate sectors and its key role in the #energy future of the US. A big shout-out to John Gunn from Bechtel Corporation who contributed to the report released by National Petroleum Council https://lnkd.in/euf5d8_D #energytransition #netzero #engineering #energy

Interesting technology from Fervo Energy that utilizes fracking technolgy from the O&G industry to tap into vast reserves of geothermal energy to produce #dispatchable and #sustainable #energy. It’s a #renewableenergytechnology worth following.

ABB has signed an agreement with UK-based gravity energy storage firm Gravitricity Ltd to explore how hoist expertise and technologies can accelerate the development and implementation of gravity energy storage systems in former mines. Gravitricity has developed GraviStore, an innovative gravity energy storage system that raises and lowers heavy weights in underground shafts – to offer some of the best characteristics of lithium-ion batteries and pumped hydro storage. Future GraviStores will store more than 20MWh, providing long-duration storage and rapid power delivery to network-constrained users and operators, distribution networks and major power users. “As the world generates more electricity from intermittent renewable energy sources, there is a growing need for technologies which can capture and store energy during periods of low demand and release it rapidly when required,” said Martin Wright, Gravitricity’s co-founder and Executive Chairman. “Our GraviStore underground gravity energy storage uses the force of gravity to offer some of the best characteristics of lithium-ion batteries and pumped hydro storage – at low cost, and without the need for any rare earth metals." The Memorandum of Understanding (MoU) agreement is an important step in ABB’s ambition to further develop its lifecycle service business by collaborating with companies providing adjacent and value-adding technologies. “ABB has 130 years of history with mine hoists, since we first electrified one in Sweden in the 1890s, but this collaboration with Gravitricity shows how we can continue to diversify and adapt our technologies,” added Charles Bennett, Global Service Manager, Business Line Hoisting, ABB Process Industries. #cleanenergy

The inclusion of gas to power in the IRP represents a diversification of energy sources. Diversification is crucial for energy security, and incorporating gas alongside other renewables and conventional sources can contribute to a more resilient and reliable energy system. SLG :Your 1st choice energy partner www.slgas.co.za #SLG#InnovationInEnergy#EnergyDiversification#SLGPerspective#LNG#GasToPower#EnergySecurity

Case Study for Super Power/SuperGrid strategies - hard to stop when the money is free, and the talking points have been published. Engaged with a small team to advise ~2007 for a Cooper Basin Geothermal Business Case. Sufficient data was available to form the following conclusions: - Cost/well data significant (energy source depth 4 to 5km) - Time to drill (plus well failure risks) - Number of Wells required to support sufficient energy flows - Surface energy conversion and water/steam management capex - Finding a Customer and Economies of Scale: - Economics of +1,000km +1,000MW Transmission Network - Generation ramp time to achieve 1,000MW capacity +10years - Projected customer demand profile changes and offtake available At best the project, post well-drilling de-risking, could supply 5MW - 20MW if the Cooper gas area was electrified. The business case was shelved by the engaging party, and investment plus Gov subsidies continued for several years.