WhiteWater Midstream, MPLX LP and West Texas Gas Inc. (WTG) have formed a joint venture (JV) on Aug. 6 to provide NGLs takeaway capacity from MPLX and WTG gas processing plants in the Permian Basin to the NGL fractionation hub in Sweeny, Texas.
The JV transaction marks Osaka Gas’ first acquisition in the midstream business in the U.S. following the Japanese company’s purchase of Sabine Oil & Gas late last year.
In this exclusive video interview, Proserv Controls CEO Davis Larssen explains the driving factors behind a strategic subsea partnership with Houston-based Dril-Quip.
The partnership with Proserv Group establishes a framework for a bundled offering that will provide a compelling value proposition for Dril-Quip’s subsea customers, CEO Blake DeBerry says.
Shell cites market conditions as its reason for withdrawing; Energy Transfer weighs options, including recruiting another equity partner or reducing the size of the project.
Lonestar Resources said it formed a partnership with one of the largest producers in the Eagle Ford Shale to develop oily acreage in its Gonzales County, Texas, asset.
Trafigura formed a joint venture with U.S. refiner Phillips 66 to build a major deepwater port in Texas capable of handling supertankers, ditching its own competing project.
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.