Oil & Gas Journal

2 days ago | ogj.com | Mikaila Adams

EQT acquires Marcellus upstream, midstream inventory in $18-billion deal EQT agreed to acquire Olympus Energy, and with it, over 10 years of high-quality Marcellus inventory at maintenance activity levels, with an additional 7 years of upside from the Utica. EQT Corp., agreed to acquire upstream and midstream assets of Olympus Energy, The assets comprise a 90,000 net acre position in Southwest Pennsylvania. Olympus asset map circa 2019 (approximate).

3 days ago | ogj.com | Robert Brelsford

TotalEnergies to shutter ethylene unit at Antwerp platformThe decision follows nonrenewal of an offtake agreement for the unit’s ethylene production by a long-term, third-party customer by yearend 2027, leaving no outlets for the cracker’s ethylene output, TotalEnergies said. Photo from TotalEnergies SE. TotalEnergies plans to shut down the older of two ethylene-producing flexible steam crackers at the operator’s 338,000-b/d integrated refining and petrochemical platform in Antwerp, Belgium.

1 week ago | ogj.com | Robert Brelsford

Valero Energy Corp. has warned the government of California that it will take at least one of its two refineries within the state offline during first-half 2026, fulfilling earlier warnings by industry advocates that recently enacted state legislation governing refiners would lead to unintended consequences, including loss of in-state refining capacity.

1 week ago | ogj.com | Alex Procyk

ExxonMobil received the ONE GUYANA FPSO to operate in the Yellowtail development area offshore Guyana. With initial production capacity of 250,000 b/d and overall storage volume of 2 million bbl, the FPSO joins three others in Stabroek block. ExxonMobil Guyana (EMGL) received the ONE GUYANA floating production, storage, and offloading (FPSO) vessel in Stabroek block offshore Guyana.

1 week ago | ogj.com | Robert Brelsford

Jet Zero advances development of proposed Australian SAF plantJet Zero has moved into the front-end engineering and design phase for Project Ulysses, a grassroots development involving construction of a renewable fuels plant in North Queensland, Australia. Rendering from Australian Renewable Energy Agency. Jet Zero advances development of proposed Australian SAF plant (artist rendering)Jet Zero Australia Pty. Ltd.