Big oil rises to Dutch geothermal challenge
The quest for clean energy to fill the gap left by declining gas production could be tailor-made for oil firms
Geothermal energy has been a niche heating and power source across Europe for decades. But the need to displace fossil fuels and clean up the energy sector has intensified the spotlight on it. A prime example is the Netherlands, where the planned closure of the Groningen gas field has sparked a search for alternative ways to heat buildings and the country's famous greenhouses. Geothermal is already a popular source of cheap, clean heating for the Netherlands' large tomato and flower-growing industry, pumping hot water from up to 4km (2.5 miles) below ground to serve greenhouses via heat networks. But now geothermal is starting to go mainstream, echoing increasing interest in the sector in ne
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks