Forming a joint venture, the merger of Baker Hughes Subsea Drilling Systems with Akastor’s MHWirth AS maintains dual headquarters in Houston in the U.S. and the southern Norwegian town of Kristiansand.
Led by industry and investment veteran Claire Harvey, ARM Resource Partners will focus on acquiring passive oil and gas interests across the Lower 48.
H&S Valve, Ignition Systems and Controls (ISC), Global Compressor and Potemkin have combined on Jan. 4 to form a new organization, Global Compression Services, a solutions provider and one-stop shop for natural gas compressor equipment parts and services for operations across the globe.
The JV will provide up to $145 million for upstream renewable natural gas projects and downstream fueling.
Oil giant Saudi Aramco and energy services company Baker Hughes Co. have formed a 50/50 joint venture, Novel, to develop a broad range of non-metallic products for multiple applications in the energy sector.
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.
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.
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.
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.
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.