drilling
The Department of Energy is looking to dramatically lower the costs of developing geothermal energy as drilling can sometimes exceed 50% of a project’s total costs
The system will capture waste energy from cooling and will store it 220 metres undeground for later use as heat
The Environment Agency has launched a public consultation on the new permit, which if granted would allow UKOG to operate at the proposed site for a period of three years
That would be a result of a decline in drilling activity related to low oil prices, with responses to the COVID-19 pandemic also leading to supply and demand disruptions
Independent producer Apex said the well in Cretaceous sandstones can produce 2,000 barrels a day
Dandelion Energy claims its Sonic Drill Suite technology reduces the time it takes to install geothermal systems from up to one week to one day
Fracking started at the Preston New Road site last October but operations were halted on numerous occasions due to minor tremors
Production in December last year was the highest monthly level seen in US history
The facility in Cornwall will be capable of supplying up to 3MW of electricity – enough to power around 3,000 homes
Oil & Gas UK says despite improvements, more investment is needed to ensure the long-term future of the North Sea