Commercial Operations at Calcasieu Pass LNG to Begin in April
Venture Global started selling LNG at the plant in 2022, angering its long-term customers.
E&P Highlights: Feb. 18, 2025
Here’s a roundup of the latest E&P headlines, from new activity in the Búzios field offshore Brazil to new production in the Mediterranean.
PrePad Tosses Spreadsheets for Drilling Completions Simulation Models
Startup PrePad’s discrete-event simulation model condenses the dozens of variables in a drilling operation to optimize the economics of drilling and completions. Big names such as Devon Energy, Chevron Technology Ventures and Coterra Energy have taken notice.
Venture Global LNG to Start Commercial Operations in April at Calcasieu Pass Louisiana Plant, Company Says
Three years after it shipped its first LNG cargo, and after a two-year dispute with its customers, Venture Global LNG will begin commercial operations at its Calcasieu Pass plant in Louisiana on April 15, the company said on Monday. Long-term customers including Shell and BP have been notified of the start of commercial operations, the company said. …
RBC, JPM Start Coverage on Venture Global With Bullish Rating on Rising LNG Demand
** RBC and J.P.Morgan start coverage on U.S. liquefied natural gas (LNG) company Venture Global with a bullish rating ** JPM starts coverage with “overweight” rating and $25 PT; RBC starts coverage with “outperform” and $20 PT ** Shares of VG up at 1.88% at $16.26 premarket ** Both brokerages began coverage following the expiry …
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Diamondback Energy, Inc. Announces Midland Basin Acquisition
MIDLAND, Texas, Feb. 18, 2025 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or “the Company”) today announced that it has entered into a definitive purchase agreement to acquire certain subsidiaries of Double Eagle IV Midco, LLC (“Double Eagle”) in exchange for approximately 6.9 million shares of Diamondback common stock and $3 billion of …
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OPEC+ Considers Delay to April Oil Supply Increases
Oil producer group OPEC+ is considering pushing back a series of monthly supply increases due to begin in April despite calls from U.S. President Donald Trump to lower prices, Bloomberg News reported on Monday citing delegates.Global oil markets remain too fragile to revive production now, the report cited one delegate as saying, adding that another …
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US Energy Secretary Attacks ‘Sinister’ Net Zero Goals, Singling Out Britain
U.S. Energy Secretary Chris Wright on Monday called a pledge to achieve net zero carbon emissions by 2050 a “sinister goal”, and criticized the British government’s attempts to hit clean energy targets. Former President Joe Biden set a target in 2021 for the United States to achieve net-zero emissions by 2050 to help fight climate …
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Diamondback Acquires Permian’s Double Eagle IV for $4.1B
Diamondback Energy has agreed to acquire EnCap Investments-backed Double Eagle IV for approximately 6.9 million shares of Diamondback and $3 billion in cash.
Diamondback Energy to Expand Permian Presence with $4.08 Billion Deal
(Reuters) – Oil and gas company Diamondback Energy said on Tuesday it would buy certain units of EnCap-backed energy producer Double Eagle in a cash-and-stock deal for about $4.08 billion. The deal would give Diamondback access to about 40,000 net acres in the core of Midland Basin, one of the last large assets in the Permian …
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