Joint Ventures

Field Development , Joint Ventures , Midstream

Williams Forms JV with Upstream Operator in Wyoming’s Wamsutter Field

The JV consolidates three legacy upstream assets held by BP, Southland and Crowheart Energy into one contiguous footprint consisting of over 1.2 million net acres, which Denver-based Crowheart will operate, says Williams.

July 6, 2021

Unconventional , Shale Plays , Acquisitions & Divestitures , Joint Ventures

Vista Oil & Gas, Trafigura Strike $25 Million Vaca Muerta Shale Deal

Under terms of the JV agreement, Vista Oil & Gas and Trafigura will jointly develop initially five pads of four wells each in Bajada del Palo Oeste, which is Vista’s main shale oil development in Vaca Muerta.

July 1, 2021

Private Equity , Exploration & Production , Shale Plays , Joint Ventures

Vortus Forms Permian Basin JV Initially Focused in New Mexico’s Eddy County

Stateline Operating, a newly formed JV between Vortus Investment Advisors and Flat Creek Resources, will initially focus on the development of existing oil-rich assets in New Mexico’s Eddy County in the Delaware Basin.

April 19, 2021

Business , Exploration & Production , Trends , Joint Ventures

Oil and Gas Investor Cross-border Partnerships: International JVs

Conducting business internationally offers many opportunities to U.S. oil and gas companies, but a proper understanding of the partnerships often involved is key. Here are some of the practical considerations of pursuing a successful joint venture abroad.

March 31, 2021

Business , Health, Safety & Environment , Joint Ventures , Midstream

Alerian, S-Network Global Indexes Partner with C8 Technologies

Alerian and S-Network Global Indexes revealed on March 17 its partnership with C8 Technologies, the first global marketplace for asset owners, funds, banks and index providers, to offer several unique and compelling strategies on its direct indexing platform.

March 18, 2021

Investment , ROVs , Joint Ventures

Forum Energy, Deepsea Technologies Partner to Support Growth in South America

Forum Energy Technologies has entered into a partnership with Deepsea Technologies on March 17 to represent its operations in Brazil as part of the business’ long-term growth strategy in South America.

March 17, 2021

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