Joint Venture – Oil & Gas 360

BKV Announces Acquisition of Control Position in BKV-BPP Power Joint Venture to Accelerate Growth Strategy

October 29, 2025

(Oil and Gas 360) – DENVER–(BUSINESS WIRE)– BKV Corporation (“BKV” or the “Company”) (NYSE: BKV) and Banpu Power US Corporation (“BPPUS”) today announced that they have entered into a definitive purchase agreement (the “Purchase Agreement”) pursuant to which BKV will acquire from BPPUS one-half of BPPUS’ interest in BKV-BPP Power, LLC (“BKV-BPP Power” or the “Power JV”) such that at the

Alaska’s $44 billion LNG project nears key milestone as pipeline study wraps up

October 21, 2025

(Oil Price)– The proponents of the $44-billion Alaska LNG are expected to complete by the end of the year the crucial engineering and cost study for an 800-mile-long pipeline set to service the export project, U.S. Secretary of the Interior Doug Burgum has said. “There’s a lot of optimism about the Alaska LNG project, and the FEED study should be

Cenovus Energy to sell interest in WRB Refining to Phillips 66

September 9, 2025

(BOE Report)– Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced it has reached an agreement for the sale, indirectly through wholly-owned subsidiaries, of its 50% interest in WRB Refining LP (WRB) to its joint venture partner Phillips 66. The consideration will consist of US$1.4 billion in cash, or approximately C$1.9 billion, subject to customary closing adjustments. “This transaction aligns with

TotalEnergies buys Vantage Drilling’s Tungsten Explorer

August 11, 2025

(World Oil)– Vantage Drilling International Ltd. has completed its sale of the Tungsten Explorer to TEVA Ship Charter LLC, the joint venture entity owned 25% by Vantage Drilling and 75% by TotalEnergies. As previously announced, Vantage will continue to manage the Tungsten Explorer for a ten-year term with the option to extend for an additional five years. “We are delighted

Texas LNG appoints Technip Energies-Samsung Engineering joint venture as lead project contractor

May 26, 2022

World Oil Texas LNG Brownsville, a four million tons per annum (MTPA) liquefied natural gas (LNG) export terminal to be constructed in the Port of Brownsville, Texas, owned by Glenfarne Group, has executed an agreement with Technip Energies USA and Samsung Engineering Co to lead the delivery of the facility via a joint venture. Technip Energies, a technology and global

Arcadia Minerals, Inc begins process of identifying capital partners and joint venture operator to develop $860 Million Insitu critical minerals deposits in Wyoming

December 2, 2020

Oil and Gas 360 Wyoming Critical Mineral Developer Expands Range of Potential JV Partners, Wyoming Critical Mineral Developer Considers JV/Buyout Offers, Potential Suitors for Wyoming Critical Minerals Deposits Expanded Denver, CO – (Oil & Gas 360 – December 2, 2020) — Arcadia Minerals, Inc. (AMI), owner of two advanced stage critical minerals deposits in Wyoming, has engaged EnerCom Inc. to assist in

U.S. weighs more sanctions on Venezuela to halt fuel deals: Bloomberg- oil and gas 360

Venezuela Begins Expansion of Crude Joint Venture with China

August 9, 2019

From Reuters A Venezuelan oil joint venture with a state-owned Chinese company has started an expansion project to boost output to 165,000 barrels per day (bpd), President Nicolas Maduro said on Thursday, from a current capacity of 110,000 bpd. Sinovensa, owned by PDVSA subsidiary Venezuelan Petroleum Corp (CVP) and China National Petroleum Corp (CNPC), produces extra-heavy Orinoco crude and blends

BP to Enter India’s Fuel Retail Market with Reliance Tie-Up

August 6, 2019

From Reuters Global oil major BP is deepening its ties with Indian conglomerate Reliance Industries by forging a fuel retailing joint venture to capitalize on rising demand in Asia’s third-biggest economy. The move comes days after BP said it would build a network of charging hubs for electric vehicles with China’s Didi Chuxing, betting on the world’s largest market for

Salt Creek Midstream Subsidiary Announces Open Season in the Delaware

August 5, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 SCM Crude LLC to solicit binding commitments for interstate gathering and transportation SCM Crude LLC, a wholly-owned subsidiary of Salt Creek Midstream LLC, will begin to solicit binding commitments for priority crude oil interstate gathering and transportation services as part of an open season for its Delaware Basin midstream infrastructure. The

Occidental and Ecopetrol Team Up in the Midland

August 1, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Occidental Petroleum and Ecopetrol S.A. form joint venture in the Midland Basin Occidental Petroleum Corporation (stock ticker: OXY), the fourth largest public E&P by market capitalization, has formed a joint venture (JV) with Colombia-based Ecopetrol S.A. (stock ticker: EC) to develop 97,000 net acres of Occidental’s Midland Basin properties, subject to

Concho Resources and Solaris Water Form JV in the Delaware Basin

August 1, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Concho Resources and Solaris Water Midstream team up for produced water management in the northern Delaware Basin Concho Resources (stock ticker: CXO), a Permian-focused unconventional shale producer, has formed a strategic joint venture (JV) with Solaris Water Midstream, a wholly-owned subsidiary of Solaris Midstream Holdings LLC. The partnership between the two

E&P Forms $500 Million JV With PE Firm

July 23, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Colony Capital agrees to invest up to $500 million in California Resources Corporation California Resources Corporation (stock ticker: CRC) has formed a strategic joint venture with Colony HB2 Energy, the energy investment management arm of private equity firm Colony Capital (stock ticker: CLNY), in which Colony will fund the development of

Premium Content