e2Companies and Nabors Industries have formed a strategic partnership to improve drilling rig services and technology for the oil and gas industry. The alliance aims to accelerate the implementation of innovative energy solutions, thereby optimizing the management of energy resources in oilfields.
The partnership between e2Companies and Nabors Industries
At the heart of this collaboration is Virtual Utility , e2Companies’ proprietary solution, offering on-site, uninterrupted power generation coupled with energy storage. The technology is a robust and customizable alternative to diesel engines, allowing operation without the need for grid interconnection. This is achieved through advanced technologies such as R3Di , an autonomous platform that reduces CO2 emissions. According to e2Companies’ research, the R3Di system can save approximately 40,000 tons of CO₂ per megawatt over its lifetime.
Nabors will also leverage other technologies such as SmartRigs and Grove365 to optimize drilling operations. The former is powered by artificial intelligence, and acts as a real-time monitoring center that optimizes the energy grid response, helping to manage supply and demand efficiently.
Nabors plans to place a multi-million dollar purchase order to integrate e2Companies’ energy systems into its drilling operations, initially in the Permian Basin and Bakken Formation . With this agreement, Nabors and e2Companies intend to extend their energy solutions to a broader range of international customers, in a market that is projected to grow at a CAGR of 31% to exceed $23 billion by 2030.
The solutions will also explore the use of geothermal and concentrated solar power , two key sources of renewable energy that could complement power generation at drilling sites. Indeed, e2Companies is already evaluating the viability of these technologies in various geographic locations, in order to offer customized solutions to the specific needs of each oil field.
Collaboration has the potential to redefine the way the oil and gas industry manages energy. With the transition to renewable energy, microgrid, energy storage and platform electrification solutions are becoming increasingly crucial. The global microgrid market is expected to grow at a rate of 18.5% between 2024 and 2029, reaching a value of $87.8 billion.
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Source and photo: Nabors
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