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Joint Ventures
Joint Ventures , Pipelines
Cheniere Energy JV to Build New 1.7 Bcf/d Natural Gas Pipeline in Texas
Cheniere Energy and subsidiaries of Whistler Pipeline will move forward with the construction of a new 43-mile pipeline as part of plans to send more natural gas from the Permian Basin for export as LNG.
September 19, 2022
International , Joint Ventures
Shell, Exxon Launch Sale of Major Dutch Gas Venture
NAM in the Netherlands is one of Europe oldest oil and gas joint ventures, owned 50% by Shell Plc and 50% by Exxon Mobil Corp.
September 6, 2022
Petrochemicals , Energy Transition , Joint Ventures
ConocoPhillips, JERA Propose to Develop US Hydrogen Gas Plant
Gulf Coast plant would produce hydrogen from gas and convert it to ammonia for export.
September 6, 2022
Subsea , Acquisitions & Divestitures , Joint Ventures
Schlumberger, Aker Solutions, Subsea 7 Form JV in $700 Million Deal
The proposed JV will combine Schlumberger’s and Aker Solutions’ subsea businesses. Meanwhile, Subsea 7 will be an equity partner in the new JV.
August 30, 2022
Liquefied Natural Gas , Joint Ventures , Tankers
New Fortress, Apollo Close $2 Billion LNG JV Launching Energos
The total implied enterprise valuation of Energos is approximately $2 billion based on the JV transaction agreed to between New Fortress Energy and Apollo in early July.
August 19, 2022
Acquisitions & Divestitures , Joint Ventures , Midstream
Phillips 66 Offers to Buy DCP Midstream in $3.1 Billion Cash Deal
The transaction, which Enbridge called a “joint venture merger,” will result in a single JV holding both Enbridge’s and Phillips 66’s indirect ownership interests in the Gray Oak pipeline and DCP Midstream.
August 17, 2022
Earnings , Shale Plays , Joint Ventures
Occidental Petroleum Extends Permian Basin JV through 2025
Occidental President and CEO Vicki Hollub said, among record earnings results, Oxy would extend its Permian JV with Ecopetrol in the Midland and Delaware basins to encompass 20,000 net acres.
August 7, 2022
Exploration & Production , Joint Ventures
BP, Eni JV Begins Operations in Angola
Formed through a combination of BP's and Eni's Angolan operations, Azule Energy is now the largest independent oil and gas producer in the country.
August 2, 2022
Joint Ventures
Marketed: Verado Energy, Partners Permian Basin Operated Horizontal Development Opportunity
Verado Energy Inc. and partners retained Core Energy Advisors for the sale of operated properties located within the Permian Basin in the Hermleigh East Field of Scurry County, Texas.
June 22, 2022
Field Development , Joint Ventures
Ecopetrol, Occidental Petroleum to Jointly Develop Offshore Oil Blocks
Ecopetrol will take a 40% stake in the blocks while Occidental Petroleum subsidiary Anadarko Colombia Co. will have a 60% stake and will serve as the blocks’ operator, Ecopetrol said.
May 19, 2022