Unlocking the depths: How seismic surveys drive oil and gas exploration
Seismic surveys are a vital tool in the oil and gas industry. Effective use of seismic surveys allows industry professionals to identify prospects, assess potential resources, reduce risk and even quantify reserves – in short, to make well-informed decisions that drive successful exploration efforts. Enverus Global Scout Network provides real-time insights into seismic survey activity across […]
Green hydrogen | Could do with a little help from the IRS
While we are still waiting for guidelines from the IRS regarding hydrogen incentives released with the Inflation Reduction Act (IRA) last year, it is clear that supportive policy must be in place for green hydrogen to compete in existing hydrogen markets. Enverus Intelligence Research’s (EIR) analysis suggests that unsubsidized green hydrogen projects must secure power […]
The future of CCUS: Key opportunities and challenges in commercializing large-scale projects
Panel discussion with CCUS experts from Enverus EVOLVE Conference Introduction CCUS offers a promising solution to curb greenhouse gas emissions by capturing CO2 from industrial sources and power plants and storing it underground. CCUS has gained significant attention in recent years, and the business potential of CCUS has sparked interest in various industries and in […]
Was Vogtle 3 the beginning of a nuclear resurgence?
The Vogtle Unit 3 nuclear reactor began its commercial operations at the end of July. Based in Georgia, the facility will provide clean electricity to the southeast U.S. for likely longer than the next half-century. This marks the first U.S. deployment of Westinghouse’s AP1000 Generation III+ reactor. Its completion represents a significant milestone in the […]
Forecasting long-term power demand | Where do we go from here?
Historical factors and trends are becoming less descriptive of future power demand. The growing pace of electrification and electric vehicle (EV) adoption are changing the power demand dynamics. At the same time, more customers are installing behind-the-meter (BTM) generation to take control of their energy destiny, which lowers net demand for the grid. One must […]
Long-duration energy storage | The hurdles ahead
Energy storage is gaining traction as an essential component for maintaining load-generation balance in the modern electricity market. Viewed as a promising solution to a widespread challenge, long-duration energy storage (LDES) may be the key to counteracting the pitfalls of variable renewable power generation, especially as we look toward the industry’s aspiration of a zero-emission […]
Direct lithium extraction could be key to unlocking domestic supply
With the IEA’s projection of a 1,300%-5,100% increase in lithium demand by 2040 because of the growing battery market for electric vehicles and power storage, lithium spot prices have surged nearly eightfold since 2020 to $35,000 per tonne of lithium carbonate equivalent (LCE). High lithium demand and high prices have caused a land grab in […]
Will midstream limit CCUS development?
XOM’s recent acquisition of DEN for nearly $5 billion firmly places the buyer and its low carbon solutions business as a leader in carbon capture, utilization and storage (CCUS). Its dominant position is even more apparent in southern Louisiana where DEN was very active in securing midstream partnerships and storage sites around its Green and […]
Is it finally hydrogen’s time to shine?
Countries around the world are increasingly embracing clean hydrogen as a central pillar of their energy transition strategies, with announced global production expected to increase 42-fold by 2030. Green hydrogen has especially gained widespread attention because of its decarbonization potential, role in energy storage and versatility as an energy carrier. Government incentives like the Inflation […]
Keeping a watchful eye on energy transition opportunities
The attractiveness of internal rates of return (IRR) across various energy transition technologies is noteworthy, sometimes surpassing established oil and gas business models. The arrival of these new opportunities often requires strategic partnerships but continues to prove to be economic (sometimes wildly) on a broad scale. Traditionally, oil and gas wells have demonstrated wider distributions […]