Joint Ventures
Business , Drilling , Subsea , Mergers , Joint Ventures
Baker Hughes to Merge Offshore Drilling Business in JV Transaction
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.
Private Equity , Investment , Acquisitions & Divestitures , Joint Ventures
EIV Capital, ARM Energy Launch Upstream Investment Platform
Led by industry and investment veteran Claire Harvey, ARM Resource Partners will focus on acquiring passive oil and gas interests across the Lower 48.
Digital Oilfield , Joint Ventures
Global Compression Services Launches as One-Stop Shop for Natural Gas Equipment
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.
Emissions , Technology , Joint Ventures
Clean Energy and Total to Develop Additional Carbon-Negative Fuel, Infrastructure
The JV will provide up to $145 million for upstream renewable natural gas projects and downstream fueling.
Investment , Technology , Joint Ventures
Saudi Aramco, Baker Hughes Form JV to Develop Non-metallic Products
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.
Exploration & Production , Joint Ventures
Suncor to Operate Syncrude Oil Sands by 2021
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.
Investment , Renewables , Joint Ventures
Eni, Hitecvision Form Nordic Renewable Energy Venture
Norwegian private equity group HitecVision and Italy’s Eni have formed a joint venture to develop renewable energy in the Nordic region, building on their existing cooperation in oil, they said on Nov. 11.
Exploration & Production , Policy & Regulations , Joint Ventures
Mexican Energy Minister Open to Pemex Farm-outs in Possible Shift
Mexican Energy Minister Rocio Nahle said on Oct. 26 so-called farm-outs, or joint ventures, could be done with state oil firm Pemex if feasible projects are put forward.
Business , Renewables , Technology , Subsea , Joint Ventures
Proserv, Synaptec Form Alliance Set to Boost Role in Energy Transition
The partnership represents a key step on Proserv’s technology roadmap as it seeks to play a significant part in the energy transition, the controls technology company says.
Field Development , Shale Plays , Acquisitions & Divestitures , Joint Ventures
U.S. Energy Development Acquires Interest in Permian Basin Project
Texas-headquartered U.S. Energy Development Corp. is diving into the Columbia Project development in the Permian Basin with Shell Oil Co., having acquired an $8.5 million interest in the project.