Velda Addison

Houston

Dallas native living in the Houston area, award-winning journalist now covering #oilandgas @Hart_EPMag, Texas Ex, habitual Target shopper, wife and mom

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Articles

Sage Geosystems Taps Oilfield Know-How to Store Energy Underground

1 week ago | hartenergy.com | Velda Addison

Oil and gas expertise has not only found a new frontier in geothermal power generation, it is also unlocking the subsurface for energy storage. Sage Geosystems is leveraging reservoir engineering and drilling knowledge to transform the Earth into a renewable battery of sorts. But this form of energy storage lasts longer than the energy storage systems commonly used to help stabilize grids.
Chevron Enters US Lithium Sector with Smackover Acreage Deals

1 week ago | hartenergy.com | Velda Addison

Chevron Corp. has entered the U.S. lithium extraction sector with the acquisition of about 125,000 net acres in the Smackover Formation in two deals, the energy company said June 17. One leasehold position was acquired from TerraVolta Resources, while the other was acquired from East Texas Natural Resources. Financial details of the transactions were not discussed.
Energy Transition in Motion (Week of June 13, 2025)

2 weeks ago | hartenergy.com | Velda Addison

RWE has partnered with Amazon Web Services in a deal that helps the energy company with its digital transformation initiatives while providing clean power to the tech giant. The strategic framework agreement signed by RWE and Amazon was announced June 12. AWS will provide RWE with cloud services to advance the company’s digital transformation journey, RWE said in a news release. The cloud services will cover AI and data analytics.
DNV: Turning Point Arrives for CCS

2 weeks ago | hartenergy.com | Velda Addison

Global carbon capture and storage (CCS) capacity is forecast to quadruple by the end of the decade, reaching 270 million tonnes per annum (mtpa) of CO2 and investment projected to hit $80 billion, according to a report released June 12 by Norway-based quality assurance and risk manager DNV. The growth, led by North America and Europe, is expected to continue through 2050 as captured volumes rise to 1.3 billion tons of CO2/year, up from today’s 41 mtpa of CO2.
Big Tech Bets Big on Clean Energy Amid Rocky Policy Direction

2 weeks ago | hartenergy.com | Velda Addison

Some of the largest buyers of renewable energy may be falling short on their lofty emissions reduction ambitions, but Big Tech is still pumping big bucks and support into clean and low-carbon energy to feed power-hungry data centers. It will take a mix of energy sources to meet rising demand, though the lower carbon mandate hasn’t changed, panelists said recently during American Council on Renewable Energy’s Finance Forum.
Fervo Energy Sets Geothermal Drilling Records with Appraisal Well in Utah

2 weeks ago | hartenergy.com | Velda Addison

Drilling nearly three miles into the ground at temperatures well over two times the boiling point of water, geothermal company Fervo Energy said it has set several records with its deepest and hottest well to date. The Houston-based company on June 10 said its Sugarloaf appraisal well, part of Fervo’s Cape Station geothermal development in Utah, reached a true vertical depth of 15,765 ft with projections to reach a bottomhole temperature of 520 F.
Baker Hughes to Sell Precision Sensors, Instrumentation Line for $1.15B

2 weeks ago | hartenergy.com | Velda Addison

Baker Hughes plans to sell its precision sensors and instrumentation (PSI) product line to industrial products company Crane Co. for about $1.15 billion, the energy tech company said June 9. The product line includes brands that manufacture instrumentation and sensor-based technologies to detect and analyze pressure, flow, gas, moisture and radiation across various industries.
Industry Warns of Fallout from Trump’s Anti-Clean Energy Bill

3 weeks ago | hartenergy.com | Velda Addison

As U.S. senators debate a tax and spending bill that could gut the Inflation Reduction Act, rapidly phasing out some clean energy tax credits, leaders of renewable energy companies are running through what-if scenarios and hoping “good sense” prevails. “I’m cautiously hopeful.
Energy Transition in Motion (Week of June 6, 2025)

3 weeks ago | hartenergy.com | Velda Addison

Clean energy investments are on pace to hit a record $2.2 trillion this year, more than double the investments in oil, natural gas and coal, according to the International Energy Agency (IEA). The trend reflects continued ambitions to lower emissions and the “growing influence of industrial policy, energy security concerns and the cost competitiveness of electricity-based solutions,” the IEA said June 5. Solar investments continued to drive the clean energy growth streak.
Oil, Gas Producers’ Next Frontier…Geothermal?

3 weeks ago | hartenergy.com | Velda Addison

Oil and gas producers with assets in the Gulf Coast, Midcontinent and Rockies may be sitting on a hot opportunity: geothermal energy. The regions have strong geothermal gradients, which lead to lower levelized cost of energy, and access to transmission infrastructure to enable grid connection, according to analysts at Enverus.