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Is geothermal energy ready to make its mark in the US power mix?

McKinsey

We estimate that levelized production costs for a first-of-a-kind, commercial-scale (more than 50 megawatts) next-generation geothermal facility in the United States could range from $75 to $120 per megawatt-hour. Exploration, drilling, and power plant capital expenditures could make up more than 70 percent of costs.

IT
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Namibia considers incentives to expedite TotalEnergies’ offshore development

Oil & Gas 360º

But the explorers have also hit dry wells, prompting them to write off drilling costs as they learned more about the fields. State oil company Namcor is looking to build capacity to have a bigger role in developments along with the country’s strategy to maximize local production, according to Shilunga, who was appointed last month.

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Zephyr Energy announces result of oversubscribed Bookbuild and Posting of Notice of general Meeting

Oil & Gas 360º

The Placing was undertaken on the back of three key recent catalysts for the Company: The Company delivered a highly successful production test on the State 36-2R well. Cash flow from the Williston production will be used to fund the planned Paradox Basin development.

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Pemex Posts First Profit in Over a Year

Rigzone

The positive report comes as Sheinbaum’s administration seeks to sell as much as $12 billion in securities to international investors in a bid to raise financing to help pay Pemex’s roughly $100 billion in debt. The profits could help to make the financing round go more smoothly. Pemex posted a net income of 59.52

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Namibia Weighs Incentives to Kickstart TotalEnergies' Offshore Oil Plan

Rigzone

But the explorers have also hit dry wells, prompting them to write off drilling costs as they learned more about the fields. State oil company Namcor is looking to build capacity to have a bigger role in developments along with the country’s strategy to maximize local production, according to Shilunga, who was appointed last month.

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Seizing the agentic AI advantage

McKinsey

They will need to upskill the workforce, adapt the technology infrastructure, accelerate data productization, and deploy agent-specific governance mechanisms. QuantumBlack combines an industry-leading tech stack with the strength of McKinsey’s 7,000 technologists, designers, and product managers serving clients in more than 50 countries.

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Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360º

.” Strategic Rationale Solidified Position Within the Large-Cap Universe: The combined company will have an enterprise value of $15 billion 1 and 370,000 boe/d 2 (63% liquids) of corporate production with significant overlap across both unconventional and conventional assets. million acres in Alberta.