Joint Ventures
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.
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.