Through a non-binding MOU, W&T Offshore and KNOC will explore potential joint ventures in upstream oil and gas as well as opportunities related to energy transition and the reduction of global carbon emissions.
Archaea Energy will develop, engineer, construct and operate the renewable natural gas facilities, which will be located at Republic Services' landfills in 19 states.
As part of the agreement, Talos and partner Carbonvert would contribute the Bayou Bend CCS lease to an expanded JV including Chevron in exchange for consideration of cash at closing and capital cost carry through project FID.
Pembina Pipeline and KKR on March 1 agreed to form a JV, merging their Western Canadian gas processing assets in deals worth CA$11.4 billion (US$8.99 billion), which included the Energy Transfer Canada transaction.
The repurchase of interests in its development company joint ventures with Stonepeak had previously been discussed during Targa Resources’ third-quarter earnings call last November.
The new platform will result in increased transparency, fewer data errors, less manual reconciliation and will minimize delays in transaction settlements.
New Sidley partner Trent Bridges shares his thoughts on the strategic outlook for midstream companies, pipeline contracts, M&A, renewable fuels, capital markets and regulations.
Rattler Midstream acquired a minority interest in a gas gathering and processing JV servicing the Midland Basin where Diamondback Energy is deploying a majority of its development capital.
Sentinel Midstream established a JV with Exxon Mobil that will provide “the critical last-mile link for Permian, Gulf of Mexico and other barrels in the Houston crude oil market,” the company said.