Eavor is developing closed-loop geothermal technology
Eavor aims at geothermal revolution
Canadian oil and gas drillers plan to use their skillsets to disrupt an entire clean energy sector
The employees of Calgary-based Eavor Technologies may admittedly have “minimal background” in geothermal energy, in the words of company CEO John Redfern. But his team of former oil and gas workers believe they are on the cusp of revolutionising geothermal through their closed-loop system. “From day one our goal has been to create a cost-effective closed-loop geothermal system,” Redfern tells Petroleum Economist. “And despite still being in the venture capital phase, we are well on the way to doing so.” Closed-loop geothermal as a concept has been around for decades, but it is only with the advent of the shale drilling revolution and precision directional drilling in the oil and gas industry
Also in this section
19 March 2026
The regional crisis highlights the undervalued role of fixed pipelines in the age of tanker flexibility
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny
