Joint Ventures

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.

September 14, 2020

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.

September 2, 2020

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.

August 27, 2020

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.

August 14, 2020

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.

August 6, 2020

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.

July 8, 2020

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.

July 1, 2020

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.

June 25, 2020

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.

March 30, 2020

Unconventional , Shale Plays , Joint Ventures

Lonestar Resources Forms JV With Large Eagle Ford Shale Producer

Lonestar Resources said it formed a partnership with one of the largest producers in the Eagle Ford Shale to develop oily acreage in its Gonzales County, Texas, asset.

March 4, 2020