August 17, 2026

Infrastructure company WhiteWater and its joint venture partners Devon Energy, MPLX, Diamondback Energy and Western Midstream Partners said on Monday they had reached a final investment decision (FID) to build two natural gas pipelines from the Permian Basin to Katy, Texas. The Permian Basin, the largest oil-producing region in the U.S., has seen steady growth in associated natural gas production in recent years, spurring investment in new pipeline infrastructure to move gas to key demand centers along the U.S. Gulf Coast. * The companies said the joint venture, known as the Solitude Pipeline System, is backed by substantial long-term firm transportation agreements with investment-grade shippers. * The pipeline system will be developed in phases, with initial capacity of about 2.25 billion cubic feet per day (Bcf/d) expected in late 2029, the companies said. * A second phase is due in 2030 and would add another 2.25 Bcf/d of capacity, bringing total capacity to about 4.5 Bcf/d, they added. * The companies said the system’s design would allow further capacity expansions to accommodate additional shipper demand. * WhiteWater owns 50% of the joint venture, while Devon Energy holds 25%, MPLX holds 10%, and Diamondback Energy and Western Midstream Partners each hold 7.5%. * Solitude is expected to enter service in the second half of 2029, subject to customary regulatory and other approvals. (Reporting by Varun Sahay in Bengaluru; Editing by Tasim Zahid)- oil and gas 360

WhiteWater-led venture approves Permian-to-Texas gas pipeline project

August 17, 2026

(BOE Report) – Infrastructure company WhiteWater and its joint venture partners Devon Energy, MPLX, Diamondback Energy and Western Midstream Partners said on Monday they had reached a final investment decision (FID) to build two natural gas pipelines from the Permian Basin to Katy, Texas. The Permian Basin, the largest oil-producing region in the U.S., has seen steady growth in associated

Chevron strikes oil and gas in Angola’s Block 0, eyes tieback development

August 17, 2026

(World Oil) — Chevron has made an oil and gas condensate discovery in Block 0 offshore Angola, encountering more than 300 ft of net pay as the company continues to expand its exploration program across Sub-Saharan Africa. The 105-4X exploration well, drilled in the Lower Congo basin, encountered an oil and gas condensate column exceeding 2,000 ft in the primary Pinda reservoir, including more than 300

US banks lending commitments signal confidence in AI capex cycle sustainability, KBW says

August 17, 2026

(BOE Report) – KBW says last week’s major capital commitments from U.S. big banks linked to domestic infrastructure and AI build out signal confidence in the sustainability of the capex cycle ** Bank of America pledged $250 billion for US infrastructure financing and Morgan Stanley launched a $1.5 trillion infrastructure initiative ** Elsewhere, Nvidia partnered with Wall Street giants including

Oil majors reap $93 billion windfall from the Iran war

August 17, 2026

(Oil Price) – Oil prices have soared in recent months as a result of the almost complete closure of the Strait of Hormuz, a key trade corridor connecting Asia and Europe. High fossil fuel prices have helped to drive up the profits of oil and gas companies around the globe, particularly in the United States and Europe. As a few

Shipping slows through Strait of Hormuz after tanker attacks, data shows

August 17, 2026

(BOE Report) – Shipping through the Strait of Hormuz slowed over the weekend, data showed on Monday, following attacks on tankers, while U.S.-Iran talks to resolve the Middle East conflict stalled. Five commodity vessels transited the strait on Saturday, with none registered for Sunday, shiptracking data from Kpler showed, versus 31 in the prior weekend. Ships entering the strait on

WhiteWater-led venture approves Permian-to-Texas gas pipeline project

Chevron strikes oil and gas in Angola’s Block 0, eyes tieback development

US banks lending commitments signal confidence in AI capex cycle sustainability, KBW says

Oil majors reap $93 billion windfall from the Iran war

Shipping slows through Strait of Hormuz after tanker attacks, data shows

Premium Content