Joint Ventures
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.
Unconventional , Shale Plays , Joint Ventures
Ecopetrol Aims to Drill 100 Wells in Permian Basin by End-2021
Colombian oil company Ecopetrol, which entered a joint venture in the Permian Basin with Occidental Petroleum in November 2019, said it plans to drill another 22 wells this year.
Public Capital , Shale Plays , Acquisitions & Divestitures , Joint Ventures
Ovintiv, PetroChina Split Duvernay Assets in JV Breakup
The partnership dates back to December 2012 when PetroChina agreed to pay Ovintiv, going by Encana at the time, CA$2.18 billion for a 49.9% stake in its Duvernay shale prospect.
Public Capital , Emissions , Renewables , Acquisitions & Divestitures , Joint Ventures
Eni Expands Wind, Solar Position in US with Multimillion-dollar Deal
Through Novis—a partnership between the Italian supermajor and Falck Renewables, Eni will acquire a stake in BEHUS, which develops wind and solar projects in the U.S.
Public Capital , Exploration & Production , Joint Ventures
Empire Petroleum Forms JV to Develop Recently Acquired East Texas Properties
Petroleum Independent & Exploration has identified the first of many workover/recompletion programs to potentially uplift field production in Empire Petroleum’s Fort Trinidad Field asset in Houston and Madison counties, Texas.
Technology , Joint Ventures , Pipelines
WhiteWater Midstream to Provide Permian Basin NGL Transportation Solutions
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.
Private Equity , Shale Plays , Joint Ventures , Gathering & Processing , Pipelines
Sabine Oil & Gas Forms Midstream JV in East Texas Carthage Area
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.
Exploration & Production , Subsea , Joint Ventures
Executive Q&A: Proserv Controls CEO on Driving Force behind Subsea Deal
In this exclusive video interview, Proserv Controls CEO Davis Larssen explains the driving factors behind a strategic subsea partnership with Houston-based Dril-Quip.
Business , Subsea , Joint Ventures
Dril-Quip, Proserv Form Strategic Partnership for Subsea Offerings
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.
Joint Ventures , Construction
Shell Exits Lake Charles LNG Project; Energy Transfer Takes Over as Developer
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.