Diamondback, Verde Plan Converting Permian Natgas to Gasoline

Diamondback Energy subsidiary Cottonmouth Venture LLC has entered into a joint development agreement with Verde Clean Fuels to build a natural gas-to-gasoline facility in the Permian Basin.

Subsea Tieback Round-Up, 2026 and Beyond

The second in a two-part series, this report on subsea tiebacks looks at some of the projects around the world scheduled to come online in 2026 or later.

E&P Highlights: Feb. 12, 2024

Here’s a roundup of the latest E&P headlines, including more hydrocarbons found offshore Namibia near the Venus discovery and a host of new contract awards.

TGS, SLB to Conduct Engagement Phase 5 in GoM

TGS and SLB’s seventh program within the joint venture involves the acquisition of 157 Outer Continental Shelf blocks.

Venture Global, Grain LNG Ink Deal to Provide LNG to UK

Under the agreement, Venture Global will have the ability to access 3 million tonnes per annum of LNG storage and regasification capacity at the Isle of Grain LNG terminal.

TotalEnergies Entering, OMV Exiting SapuraOMV JV

TotalEnergies aims to deepen its presence in Malaysia through the $903 million deal to acquire OMV’s interest in the SapuraOMV Upstream joint venture.

UK’s Union Jack Oil to Expand into the Permian

In addition to its three mineral royalty acquisitions in the Permian, Union Jack Oil is also looking to expand into Oklahoma via joint ventures with Reach Oil & Gas Inc.

Fluence to Deliver a 300 MW/650 MWh Battery in Australia

Fluence Energy signs a 15-year service agreement with Origin Energy for Fluence’s Gridstack energy storage system.

Excelerate Energy, Qatar Sign 15-year LNG Agreement

Excelerate agreed to purchase up to 1 million tonnes per anumm of LNG in Bangladesh from QatarEnergy.

Apex, SK Gas, SK D&D Create Energy Storage JV

Joint venture SA Grid Solutions owns the Great Kiskadee battery storage, a project under construction in Texas that will eventually feed into the ERCOT grid.