GeoFrame Energy will create new avenues for growth of the geothermal industry, while also attracting investment from various financial institutions. In the past few months Schlumberger CEO, Olivier Le Peuch, addressed important points at the JP Morgan 2020 Energy, Power & Renewables Conference. Schlumberger … Houston, August 27, 2020-Schlumberger New Energy, a new Schlumberger business, and Thermal Energy Partners (TEP) announced today that they have entered into an agreement to create STEP Energy, a geothermal project development company.STEP Energy will leverage its partners' expertise to develop efficient and profitable geothermal power generation projects, providing an … Moira Duff Our, Schlumberger New Energy and some future insights, Stationary fuel cells: Bosch plans to start full-scale production in 2024 - H2 Tech Report, Yara to produce shipping fuel from CO2-free ammonia plant - Offshore Energy, Using real-time data analytics to increase productivity and the cost efficiency of enterprise mobile devices, Duke Energy Renewables invests in bald eagle research, education in Oklahoma, Learn more about posting on Energy Central », Shell may permanently shut Louisiana refinery next week -sources - ET EnergyWorld. Schlumberger New Energy explores new avenues of growth by leveraging Schlumberger’s intellectual and business capital in emerging markets, with a focus on low-carbon and carbon-neutral energy … An easy way to link O&G expertise and renewables is by geothermal energy, because there are many techniques in common. Schlumberger New Energy, a new Schlumberger business, and Thermal Energy Partners (TEP) announced that they have entered into an agreement to create GeoFrame Energy, a geothermal project development company. --Editing by Leah Bennett. As Le Peuch said, “I declared the future is digital. Don't have an account? Schlumberger has completed its plan to cut 21,000 jobs in response to the oil downturn, according to its latest accounts. Join us October 27. About Schlumberger New Energy. At the close of trading, the stock’s price was $23.72, to imply an increase of 1.5% or $0.35 in intraday trading. Schlumberger New Energy explores new avenues of growth by leveraging Schlumberger’s intellectual and business capital in emerging markets, with a focus on low-carbon and carbon-neutral energy technologies. AUSTIN, Texas, Sept. 4, 2020 /PRNewswire/ -- Thermal Energy Partners (TEP), a developer of geothermal energy projects, and Schlumberger New Energy, a … About Schlumberger New Energy Schlumberger is the world's leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. I wonder, given my own musing on the Gulf situation, whether there is an opportunity to make it fit some of the newer energy aspirations? GeoFrame Energy has additional opportunities to expand production in the Eastern Caribbean and in North and South America. His speech can be summed in 3 pillars: technology adaptation, carbon footprint and digital transformation. Click below to get started. Many software products, data transactions and cloud operations like DELFI environment, Open Subsurface Data Universe Forum (OSDU), DrillPlan or GAIA have been developed to satisfy customer needs. An easy way to link O&G expertise and renewables is by geothermal energy, because there are many techniques in common. This may not be your core business, but showing your utility as a.. Our mission at Energy Central is to help global power industry professionals work better. GeoFrame Energy will focus on quickly reaching our first milestone of 100 MW of geothermal capacity. Schlumberger cuts 21,000 jobs SCHLUMBERGER will cut 21,000 jobs from its workforce it said in its punishing second quarter results as it follows oilfield service peers Halliburton and Baker Hughes into steep losses as drilling drops and exploration companies put the … Schlumberger New Energy explores new avenues of growth by leveraging Schlumberger’s intellectual and business capital in emerging markets, with a focus on low-carbon and carbon-neutral energy technologies. Premium content requires special account permissions. Schlumberger New Energy and Thermal Energy Partners (TEP), an Austin-based geothermal energy development firm, announced on 27 August that they have entered into an agreement to create STEP Energy, a geothermal project development company. Please show them your appreciation by leaving a comment, 'liking' this post, or following this Member. TEP was founded to capitalize on the expanding opportunity to produce electrical energy from renewable geothermal sources with minimal risk. Many of these companies are introducing new business lines and products, according to their zero carbon emissions goal for the future. We need a little more information from you before we can grant you access. Corporate Communication Manager, Schlumberger Limited This is where SLB New Energy portfolio is expanding, currently working with TEP (Thermal Energy Partners) on a 10MW geothermal power project in the island of Nevis, in the caribbean sea. Schlumberger is the world’s leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. 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GeoFrame Energy will benefit from the partners’ project execution, drilling, subsurface evaluation and digital technology integration expertise, combined with systems engineering, modeling, data analytics and machine learning capabilities. Its activities include investments in new energy technology development early ventures, adjacent businesses leveraging Schlumberger’s expertise in subsurface characterization and drilling, and new energy deployments exploring new domains and business opportunities. More investments in low carbon emission solutions are expected and the speed of this is proportional to the recovering from COVID crisis. GeoFrame Energy will leverage its partners’ expertise to develop efficient and profitable geothermal power generation projects, providing an opportunity to support a reliable supply of clean energy. Schlumberger New Energy explores new avenues of growth by leveraging Schlumberger’s intellectual and business capital in emerging markets, with a focus on low-carbon and carbon-neutral energy technologies. Awarded by the Colombian Ministry of Education for having an excellent performance on its governmental exam SABER-PRO. The benefits mobility offers.. If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. Latest News. In addition, the company is pioneering application of the revolutionary transformations in drilling technology that brought about the shale gas revolution to the development of geothermal energy. Experience... Hydrogen & Offshore Wind, business advisor and trainer. You can find more examples by simply surfing on the net. Moreover, Schlumberger aims to be the first O&G services company in setting a science-based target to reduce carbon emissions footprint for 2021. As many may have noticed, there is an energy transition going that awakens traditional energy companies’ skills in order to test their adaptability. In clean hydrogen, Schlumberger New Energy is launching GenviaTM, a hydrogen-production technology venture in partnership with the French Alternative Energies and Atomic Energy Commission (CEA), and with Vinci Construction. Always promote your good works to the community, as Duke Energy has done here. “By combining our geothermal, subsurface and drilling expertise with TEP’s experience in project development and risk mitigation, we will develop de-risked … Schlumberger New Energy executive vice-president Ashok Belani said: “Through GeothermEx, a Schlumberger company, we have acquired extensive knowledge of geothermal resource assessment and project design implementation. Schlumberger New Energy, a new Schlumberger business, and Thermal Energy Partners (TEP) announced today that they have entered into an agreement to create STEP Energy, a geothermal project development company. No discussions yet. communication@slb.com. Energy Central contributors share their experience and insights for the benefit of other Members (like you). About Schlumberger New Energy. New Energy The most stricking act is the launching of a new business line, Schlumberger New Energy, a division created to explore new carbon neutral solutions, prioritizing in energy storage and energy efficiency. ", Senior Vice President & COO (Engineering and Operations), Control Room Operator/Performance Engineer, Reliability Compliance Specialist/Sr. Schlumberger New Energy, a subsidiary of Schlumberger, and Thermal Energy Partners have entered into an agreement to create a new Geothermal Development Company, STEP Energy. The giant services company that has established its new strategy towards the future. According to the announcement, STEP Energy will leverage its partners’ expertise to develop efficient and profitable geothermal power generation … The Danish climate minister closing down the oil industry for good. STEP Energy will leverage its partners’ expertise to develop efficient and profitable geothermal power generation projects, providing an opportunity to support a reliable supply … The challenge for many corporations is to reduce the growth time of new business, this implies investment on research and development, also skilled personnel that can deal with those challenges sucessfully. Houston, August 27, 2020-Schlumberger New Energy, a new Schlumberger business, and Thermal Energy Partners (TEP) announced today the new company name, GeoFrame Energy, a geothermal project development company.GeoFrame Energy will leverage its partners' expertise to develop efficient and profitable geothermal power generation projects, providing an opportunity to support a reliable supply … The ones who are trapped in that transition are Oil & Gas (O&G) services companies, setting a big question: How can they adapt their technology and procedures to the customer’s new business operations? This is the case of Schlumberger. The most stricking act is the launching of a new business line, Schlumberger New Energy, a division created to explore new carbon neutral solutions, prioritizing in energy storage and energy efficiency. "We are thrilled with this partnership. Schlumberger New Energy, a new Schlumberger business, and Thermal Energy Partners (TEP) announced today (August 27) that they have entered into an agreement to create GeoFrame Energy, a geothermal project development company.GeoFrame Energy will leverage its partners' expertise to develop efficient and profitable geothermal power generation projects, providing an opportunity to … GeoFrame Energy will leverage its partners’ expertise to develop efficient and profitable geothermal power generation projects, providing an opportunity to support a reliable … … Schlumberger New Energy, a new Schlumberger business, and Thermal Energy Partners (TEP) have announced that they have entered into an agreement to create STEP Energy, a geothermal project development company. "By combining our geothermal, subsurface and drilling expertise with TEP’s experience in project development and risk mitigation, we will develop de-risked and streamlined geothermal projects on a global scale.". It leverages its large databases and the advancements made in database analysis to reduce or constrain project risk. The new company’s first project is the 10-MW Nevis Geothermal Power Project on the Caribbean island of Nevis, which will enable the island to transition to 100% zero-emission renewable energy for its power supply. "GeoFrame Energy will create a unique opportunity to de-risk and optimize the development of geothermal power projects, reduce costs and compress schedules. Houston, August 27, 2020—Schlumberger New Energy, a new Schlumberger business, and Thermal Energy Partners (TEP) announced today that they have entered into an agreement to create GeoFrame Energy†, a geothermal project development company. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful. Schlumberger Online Conference Working Together. Schlumberger says its New Energy division will deploy its own set of technologies and practices to reduce its carbon footprint in exploration and production operations, and develop growth opportunities in emerging markets with “carbon-neutral technologies.” This is a clear successful case of how O&G services organizations are expanding or reinventing their business, certainly latest technology research act as a catalyst to create more carbon neutral products and I am sure Schlumberger is not the only services company that have started looking for solutions in new energy matters. Schlumberger New Energy, a subsidiary of Schlumberger, and Thermal Energy Partners have entered into an agreement to create a new Geothermal Development Company, STEP Energy, according to a press release.. Schlumberger Technology Corp., case number 4:20-cv-02193, in the U.S. District Court for the Southern District of Texas. Schlumberger New Energy states the intention of diversification and new horizon business beyond Oil & Gas. This will unlock the full potential of geothermal power generation globally," said Dan Pfeffer, president, TEP. 'We need to lay down concrete timelines' on energy transition, says ex-Schlumberger boss Gould Standards needed to unlock more capital for the energy transition . Mechanical Engineer graduated from the University of Los Andes. Schlumberger bets for digital transformation and has obtained positive results, using above technologies, with clients like ExxonMobil, Woodside or alliances with the Egyptian Ministry of Petroleum, for example. The combined experience and expertise in drilling, reservoir identification and assessment and project execution provide an unequalled opportunity for the success of the new company," said Bruce Cutright, chief executive officer, TEP. Schlumberger New Energy, a new Schlumberger business, and Thermal Energy Partners (TEP) have entered into an agreement to create STEP Energy, a geothermal project development company. Due to this commitment, the corporation has evidenced investment in renewable energy for their assets, for instance, 26% of Egypt base is energized using solar PV systems; in addition, the engineering team managed to create a fit-for-basin technique, for BP Oman, that clean up and produce gas after fracturing; this reduces 80.000 tons of carbon emissions. About Schlumberger New Energy Schlumberger is the world’s leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. Major O&G services companies have welcomed this transition in order to keep surviving more decades and creating value. Most people love animal stories, so there is nothing but upside to promoting a grant such as this. Furthermore, The new digital products using data science and automation with the purpose of reducing costs and time, rise the company’s performance differentiation. Office: +1 (713) 375-3494 This group brings together those who are interested in topics around oil and gas exploration, drilling, refining, and processing. "Through GeothermEx, a Schlumberger company, we have acquired extensive knowledge of geothermal resource assessment and project design implementation," said Ashok Belani, executive vice president, Schlumberger New Energy. This is the great conclusion after the restructuring of the company trying to align with the customer workflows and realize their performance strategy. To download this file you first sign in to your Schlumberger account. Spent a few minutes using that Google thing... "Dan Jørgensen has agreed the world’s most ambitious climate goal with a promise to cut 70% of emissions by 2030. About Schlumberger New Energy Schlumberger is the world's leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. The best company is the one that keeps innovating. Schlumberger is the world's leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. 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Your access to Member Features is limited. Solid oxide fuel cell development:Highly efficient solid oxide fuel cell as an essential element of a sustainable energy supply.With an overall efficiency of more than 85 percent, the solid oxide fuel cell is clearly superior to any other energy.. As more and more field service companies across different industries embark upon their journeys towards digital transformation, one of the key solutions powering the process has been the adoption of mobile devices. STEP Energy will leverage its partners’ expertise to develop efficient and profitable geothermal power generation projects, providing an opportunity to support a reliable supply … In addition, the new segment aims to eager markets for hydrogen production, using gas as feedstock and electrolysis powered by renewable energy. GAIA Data Discovery and Marketplace Platform, ConcentraFlo Pipeline Chemistry Solutions and Service, ChemWatcher Integrated Chemical Management System, Process Live Data-Enriched Performance Service, ACTive Real-Time Downhole Coiled Tubing Services, CoilTOOLS CT Intervention Tools and Solutions, ProActive Drilling Asset Management Services, Schlumberger New Energy and Thermal Energy Partners Enter into Agreement to Create GeoFrame Energy, a Geothermal Project Development Company. Schlumberger Limited (NYSE:SLB)’s traded shares stood at 4,671,305 during the last session, with the company’s beta value hitting 2.3. Start a Post »                 Learn more about posting on Energy Central ». Start a discussion below. Schlumberger New Energy, a new Schlumberger (NYSE: SLB) business, and Thermal Energy Partners (TEP) have agreed to create STEP Energy; a geothermal project … STEP Energy will leverage its partners’ expertise to develop efficient and profitable geothermal power generation projects, providing an opportunity to support a reliable supply of clean energy. Schlumberger New Energy, a new Schlumberger business, and Thermal Energy Partners have entered into an agreement to create STEP Energy, a geothermal project development company. Performing Together. Actually, that was misleading, the present is digital!”. Schlumberger is the world's leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other. 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