Joint Ventures

Investment , Joint Ventures

3t EnerMech, UK Government Ink Contract to Shape Mozambique’s Oil, Gas Sector

3t EnerMech is due to deliver the study to the U.K. Government in second-quarter of this year. 

March 17, 2021

Business , Drilling , Subsea , Mergers , Joint Ventures

Baker Hughes to Merge Offshore Drilling Business in JV Transaction

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.

March 2, 2021

Private Equity , Investment , Acquisitions & Divestitures , Joint Ventures

EIV Capital, ARM Energy Launch Upstream Investment Platform

Led by industry and investment veteran Claire Harvey, ARM Resource Partners will focus on acquiring passive oil and gas interests across the Lower 48.

January 19, 2021

Digital Oilfield , Joint Ventures

Global Compression Services Launches as One-Stop Shop for Natural Gas Equipment

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.

January 5, 2021

Emissions , Technology , Joint Ventures

Clean Energy and Total to Develop Additional Carbon-Negative Fuel, Infrastructure

The JV will provide up to $145 million for upstream renewable natural gas projects and downstream fueling.

December 21, 2020

Investment , Technology , Joint Ventures

Saudi Aramco, Baker Hughes Form JV to Develop Non-metallic Products

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.

December 8, 2020

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.

November 24, 2020

Investment , Energy Transition , 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.

November 11, 2020

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.

October 27, 2020

Business , Energy Transition , 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.

October 7, 2020