Apache Corp. and Total S.A. said Dec. 22 they are entering into a joint venture agreement to explore and develop Block 58 offshore Suriname.
The original partnership in the late 1990s between Contango and Juneau Oil & Gas made several notable discoveries in the U.S. Gulf of Mexico.
The JV partnership is the second Devon Energy has formed with Dow in recent years as E&Ps are increasingly left with fewer capital options.
Today’s featured Forty Under 40 honoree is Matt Loreman, who leads a team in Houston that sources, negotiates and manages JVs for DCR, an oil and gas platform he co-founded.
Aurex Energy signed a letter of intent for the JV with an undisclosed private company to rework a number of natural gas wells located in the Barnett Shale.
Quantum Energy Partners is changing the traditional private equity landscape by leveraging technology and innovative data science through a partnership with advanced analytics firm, RS Energy Group on Sept. 4.