Jennifer
Pallanich
Hart Energy
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.
BP, Equinor Terminate Empire Wind 2 Contract Offshore New York
BP and Equinor are terminating their offshore New York project as developers look to capture new offtake opportunities amid the changing economic environment for the offshore wind sector.
Energy Transition in Motion (Week of Dec. 22, 2023)
Here is a look at some of this week’s renewable energy news, including RWE’s move to acquire three offshore wind projects for about $1.2 billion.