Petrobras teams up with Houston co. to improve efficiency in drilling

offshore optimization

GA Drilling will work with Petrobras’ R&D center to roll out an autonomous drilling system. Photo via Getty Images

Slovakian geothermal drilling technology company GA Drilling, whose U.S. headquarters is in Houston, has teamed up with Brazilian energy giant Petrobras to reduce well construction costs and well-drilling risks.

Under the new partnership, GA Drilling will work with Petrobras’ R&D center to roll out an autonomous drilling system that enables drilling at offshore wells from a light vessel instead of a costlier semi-submarine or drill ship.

“Taken together, the benefits of our drilling technologies equal better efficiency, leading to lower costs, [a] smaller operational footprint, and ultimately lower risk overall,” Igor Kočiš, co-founder and CEO of GA Drilling, says in a news release.

GA Drilling says its drilling system improves drilling efficiency and enables replacement of conventional drill pipes with lower-risk tubes. Features of the system include drilling automation and control systems, and real-time communications.

In April 2024, GA Drilling announced it had closed on $15 million in funding. Investors included Houston-based oil and gas drilling contractor Nabors Industries, the newly established Underground Ventures geothermal investment fund, and Slovakian venture capital firm Neulogy Ventures.

A year earlier, GA Drilling conducted the first public demonstration of its Anchorbit drilling tool at a Houston test well owned by Nabors. The tool is designed to simplify and improve drilling into high-temperature hard rock formations.

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GA Drilling opened its Houston office in 2013 to tap into the region’s oil and gas industry. Photo via Getty Images

Drilling tech co. with Houston HQ to partner on European geothermal power plant

growing abroad

GA Drilling, a provider of geothermal drilling technology whose U.S. headquarters is in Houston, is teaming up with a European energy company to develop a geothermal power plant in Germany.

GA Drilling and ZeroGeo Energy, a Swiss company specializing in renewable energy, say the 12-megawatt Hot Dry Rock Geothermal Power Plant (Project THERMO) is the first of several geothermal power and geothermal energy storage projects they’re planning in Europe. GA Drilling will supply technology for Hot Dry Rock, and ZeroGEO will operate the plant.

“The need for clean baseload power is real, and geothermal has the highest potential to deliver that safely and securely. We’re excited to be collaborating with ZeroGeo to help address the power needs in Europe,” Dusan Kocis, co-founder and chief operating officer of Slovakia-based GA Drilling, says in a news release.

GA Drilling opened its Houston office in 2013 to tap into the region’s oil and gas industry.

Last year, GA Drilling conducted the first public demonstration of its latest deep drilling tool, ANCHORBIT. GA Drilling says it developed the tool to cut the cost of deep geothermal drilling by doubling drilling speeds and extending the life of drill bits.

GA Drilling performed the ANCHORBIT test at Nabors Industries’ technology center in Houston. Nabors, a drilling contractor based in Houston, is using GA Drilling’s technology in its drilling operations.

In 2022, Nabors invested $8 million in GA Drilling.

“Given the expected sharp growth in global energy consumption over the next decades, the world will require an even sharper growth in sustainable energy supply. I am convinced that geothermal energy will be a key contributor to the necessary increase in clean energy generation,” Anthony Petrello, chairman, president, and CEO of Nabors, said in an announcement about the GA Drilling investment.

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Houston cleantech company closes $12M seed round

fresh funding

Houston-based Helix Earth Technologies has closed a $12 million Seed 2 funding round to scale manufacturing of its energy-efficient commercial HVAC add-on technology.

Veriten, a Houston-based energy investment firm, led the round. Rua Ventures, Carnrite Ventures, Skywriter LLC and Textbook Ventures also participated.

Helix Earth—which was founded based on NASA technology, spun out of Rice University and has been incubated at Greentown Labs—is developing high-efficiency retrofit dehumidification systems that aim to reduce the energy consumption of commercial HVAC units. The company reports that its technology can lead to "healthier indoor air, lower energy bills, reduced building maintenance, and more comfortable spaces for building owners and occupants."

"Building owners are dealing with rising energy costs, uncontrolled humidity, and aging infrastructure with no viable, cost-effective path forward. We are in the field today solving these problems for commercial customers, and this capital puts us on an aggressive path to scale,” Rawand Rasheed, Helix Earth co-founder and CEO, said in a news release.

“The strength of this round reinforces our team's conviction that we can transform innovation-starved sectors with transformational solutions that deliver order-of-magnitude improvements to owners and operators, for both their bottom line and the environment,” Rasheed added.

Maynard Holt, Veriten’s founder and CEO, said that the investment firm is tripling its investment in Helix Earth.

"The team has built breakthrough technology with real applicability across multiple industries,” Holt said in the release. “Their first product will have an immediate and measurable impact on our energy system, and they are already pursuing adjacent innovations to help heavy industries operate more efficiently and with less waste. This is a well-rounded team with a proven track record of strong execution and disciplined capital management.”

Helix Earth also closed a $5.6 million seed funding round in 2024, led by Veriten.

Last year, the company secured a $1.2 million Small Business Innovation Research (SBIR) Phase II grant and won in the Smart Cities, Transportation & Sustainability contest at the 2025 SXSW Pitch Showcase. Rasheed was also named to the Forbes 30 Under 30 Energy and Green Tech list for 2025.

SLB and NVIDIA expand partnership to scale AI across energy sector

AI partnership

Houston-based energy technology company SLB has expanded its 18-year tech collaboration with chipmaker NVIDIA to include the development of an “AI factory for energy.”

Through their partnership, SLB and NVIDIA will create AI infrastructure and models built around SLB’s existing digital platforms to help energy companies scale AI for data and operations.

In addition to the development of the “AI factory,” SLB will:

Provide modular design services to enhance NVIDIA’s blueprint for building, launching and operating gigawatt-scale AI data centers. In this case, modular design involves manufacturing data center components off-site.
Use NVIDIA’s AI infrastructure to improve the processing of large datasets and AI models across SLB’s digital platforms.

Energy companies generate vast amounts of operational data, which can slow down and silo decision-making, SLB says. By combining NVIDIA’s Omniverse libraries and its Nemotron open models with SLB’s digital and AI platforms, the companies aim to more rapidly transform data into actionable insights.

Omniverse libraries are sets of prebuilt 3D elements, such as objects, surfaces and interactive features, that make it easier to construct detailed virtual spaces without having to design everything manually. They’re commonly used for building immersive environments, digital replicas of real-world systems and simulation scenarios.

Nemotron open models are AI models that are freely available to download and modify. Instead of relying on a hosted service, you can run them on your own infrastructure and tailor them to fit specific needs.

Vladimir Troy, vice president of AI infrastructure at NVIDIA, says the energy sector is at the forefront of AI driving a “new industrial revolution.”

“The winners in AI will be companies with the best data, the deepest domain expertise, and the ability to scale,” Demos Pafitis, SLB’s chief technology officer, added. “By collaborating with NVIDIA to advance modular data center construction and harness our domain expertise and digital platforms, we’re enabling the energy industry to deploy AI at scale and transform operational data into smarter decisions.”

Houston poised for Texas-sized data center growth and more energy news

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Editor's note: The top energy transition news of the month looks at the future of data centers in Houston; a big step for Fervo; and what hotter, longer summers mean for Texans. Below are the five most-read EnergyCapital stories published March 16-30, 2026:

1. Houston data center capacity could more than double by 2028, CBRE report says

Houston's data center scene has received its latest bullish forecast. Photo via serverfarmllc.com

The Houston market could more than double its data center capacity by the end of 2028, a new report indicates. The report, published by commercial real estate services provider CBRE, says greater demand for data center capacity in the Houston area is being fueled by energy companies, along with large-scale cloud services and AI-driven tenants. In the second half of 2025, the Houston market had 154 megawatts of data center capacity, which was on par with capacity in the second half of 2024. Another 28.5 megawatts of capacity was under construction during that period. Continue reading.

2. Fervo secures $421M in financing for Cape Station construction

Fervo Energy has closed financing to support the remaining construction costs for the first phase of Cape Station. Photo via fervoenergy.com

Houston geothermal unicorn Fervo Energy has closed $421 million in non-recourse debt financing for the first phase of its flagship Cape Station project in Beaver County, Utah. Fervo believes Cape Station can meet the needs of surging power demand from data centers, domestic manufacturing and an energy market aiming to use clean and reliable power. According to the company, Cape Station will begin delivering its first power to the grid this year and is expected to reach approximately 100 megwatts of operating capacity by early 2027. Fervo added that it plans to scale to 500 megawatts. Continue reading.

3. Energy expert: What record heat and extended summers mean for Texans

Extreme weather in Texas is not only increasing but also becoming more hazardous for communities, infrastructure, and the economy. Photo by Jarosław Kwoczała on Unsplash

Earth’s third-warmest year on record occurred in 2025, reinforcing a decades-long pattern of rising global temperatures. This warming trend is increasingly reflected in regional weather patterns across the United States, particularly in Texas, where hotter summers, prolonged droughts, and heavier rainfall events are becoming more common. A 2024 report from Texas A&M University highlights how these shifts are already reshaping weather conditions across the Lone Star State. The assessment analyzes climate and weather data from 1900 through 2023 and projects likely trends through 2036. Continue reading.

4. TotalEnergies strikes $1B federal deal to exit offshore wind sector

TotalEnergies is canceling its U.S. offshore wind projects. Photo via totalenergies.com

TotalEnergies, a French company whose U.S. headquarters is in Houston, has agreed to redirect nearly $930 million in capital from two offshore wind leases on the East Coast to oil, natural gas and liquefied natural gas (LNG) production. In its agreement with the U.S. Department of the Interior, TotalEnergies has also promised not to develop new offshore wind projects in the U.S. “in light of national security concerns.” Continue reading.

5. 30+ CERAWeek events featuring Houston energy leaders

Heading to CERAWeek? Here's where to find Houston energy leaders on the Agora track. Photo courtesy of CERAWeek

CERAWeek returned to Houston March 23-27, bringing more than 1,000 speakers, executives and energy innovators to Houston.Here are some of the many events that featured Houston leaders on the Agora track. Continue reading.

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