Conducting business internationally offers many opportunities to U.S. oil and gas companies, but a proper understanding of the partnerships often involved is key. Here are some of the practical considerations of pursuing a successful joint venture abroad.
Alerian and S-Network Global Indexes revealed on March 17 its partnership with C8 Technologies, the first global marketplace for asset owners, funds, banks and index providers, to offer several unique and compelling strategies on its direct indexing platform.
Forum Energy Technologies has entered into a partnership with Deepsea Technologies on March 17 to represent its operations in Brazil as part of the business’ long-term growth strategy in South America.
3t EnerMech is due to deliver the study to the U.K. Government in second-quarter of this year.
Forming a joint venture, the merger of Baker Hughes Subsea Drilling Systems with Akastor’s MHWirth AS maintains dual headquarters in Houston in the U.S. and the southern Norwegian town of Kristiansand.
Led by industry and investment veteran Claire Harvey, ARM Resource Partners will focus on acquiring passive oil and gas interests across the Lower 48.
H&S Valve, Ignition Systems and Controls (ISC), Global Compressor and Potemkin have combined on Jan. 4 to form a new organization, Global Compression Services, a solutions provider and one-stop shop for natural gas compressor equipment parts and services for operations across the globe.
The JV will provide up to $145 million for upstream renewable natural gas projects and downstream fueling.
Oil giant Saudi Aramco and energy services company Baker Hughes Co. have formed a 50/50 joint venture, Novel, to develop a broad range of non-metallic products for multiple applications in the energy sector.
Suncor, as 58.74% owner of the Syncrude Joint Venture, said Nov. 23 that together with the other Syncrude joint venture owners—Imperial Oil Resources Ltd., CNOOC Oil Sands Canada and Sinopec Oil Sands Partnership—have agreed in principle for Suncor to become the operator of the Syncrude project by the end of 2021.