Post Tagged with: "Joint Venture"

Venezuela Begins Expansion of Crude Joint Venture with China

Venezuela Begins Expansion of Crude Joint Venture with China

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, …

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

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

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 …

Source: Salt Creek Midstream

Salt Creek Midstream Subsidiary Announces Open Season in the Delaware

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

Occidental and Ecopetrol Team Up in the Midland

Occidental and Ecopetrol Team Up in the Midland

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

Source: Solaris Water Midstream

Concho Resources and Solaris Water Form JV in the Delaware Basin

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

E&P Forms $500 Million JV With PE Firm

E&P Forms $500 Million JV With PE Firm

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

Source: Chevron Phillips

Chevron Phillips and Qatar Petroleum Team Up Again

By Tyler Losier, Energy Reporter, Oil & Gas 360

New $8 billion project would include 2,000 KTA ethylene cracker
Petrochemical company Chevron Phillips – equally owned by Chevron Corporation and Phillips 66 – has formed another joint venture with Qatar

New JV in the Gulf of Mexico

New JV in the Gulf of Mexico

By Tyler Losier, Energy Reporter, Oil & Gas 360

GulfSlope Energy teams up with unnamed private company
Houston-based GulfSlope Energy (stock ticker: GSPE) has signed a letter of intent to form a joint venture with an unnamed, privately held oil

Source: Summit Midstream Partners

Summit Midstream Partners Makes FID, Forms JV

By Tyler Losier, Energy Reporter, Oil & Gas 360

Summit Midstream to proceed with Double E pipeline project
Summit Midstream Partners (stock ticker: SMLP) has made a final investment decision to proceed with its Double E pipeline project, after having

rig

New $165 Million Joint Venture in the Permian Basin

Development Capital Resources Announces $165 Million Development Joint Venture in the Permian Basin

June 19, 2019 - 6:45 am Closing Bell Story‎, Press Releases, Private Equity
Williams Trades 35% Stake in Pipelines for $1.33 Billion

Williams Trades 35% Stake in Pipelines for $1.33 Billion

By Tyler Losier, Energy Reporter, Oil & Gas 360

New $3.8 Billion JV in the Marcellus/Utica
Williams (stock ticker: WMB), an energy infrastructure company headquartered in Oklahoma, completed the formation of a $3.8 billion joint venture today with the Canada

More Takeaway on the Way: $4.1 Billion in Pipelines will Deliver Permian, Bakken Oil Production to the Gulf

More Takeaway on the Way: $4.1 Billion in Pipelines will Deliver Permian, Bakken Oil Production to the Gulf

Liberty Pipeline LLC
On Monday, Phillips 66 (stock ticker: PSX) and Bridger Pipeline LLC announced the formation of a 50/50 joint venture, Liberty Pipeline LLC, in order to build a 24-inch crude oil pipeline running from the Rocky Mountain and

Cove Point Fall Colors, Nov. 2017

Dominion Energy Cove Point LNG Says it will Start Up Commercial Ops Early 2018, Denies LNG Contract Re-Negotiations

Dominion Energy (ticker: D) issued a statement today saying it would begin commercial operations early next year under the terms of previously negotiated 20-year contracts with ST Cove Point, which is the joint venture of Sumitomo Corporation and Tokyo Gas, …

December 19, 2017 - 2:23 pm Closing Bell Story‎, Energy News, LNG, Oil and Gas 360 Articles
Well Completions JV with Weatherford and Schlumberger Checks Off DOJ Clearance

Well Completions JV with Weatherford and Schlumberger Checks Off DOJ Clearance

Weatherford International plc (ticker: WFT) said that the U.S. Department of Justice has cleared the proposed OneStimSM joint venture between two oilfield service giants—Weatherford and Schlumberger Ltd. (ticker: SLB)—granting early termination of the waiting period required by the Hart-Scott-Rodino …

November 30, 2017 - 4:58 pm Closing Bell Story‎, Energy News, Oil and Gas 360 Articles
First Nations Complete Purchase of 49% Interest in Suncor’s East Tank Farm Development

First Nations Complete Purchase of 49% Interest in Suncor’s East Tank Farm Development

Suncor Energy Inc. (NYSE: SU), Fort McKay First Nation (FMFN), and Mikisew Cree First Nation (MCFN) announced today the completion of the acquisition by FMFN and MCFN of a 49% partnership in Suncor’s East Tank Farm Development for total proceeds …

Incremental Oil and Gas Begins JV Ops in the Williston

Incremental Oil and Gas Begins JV Ops in the Williston

Between Wyoming and California, Incremental Oil and Gas Ltd. (ASX: IOG) operates in three producing fields, with a 100% working interest in each.

The company produces out of the Silvertip field in the Bighorn Basin, in Wyoming and …

Back to Growth:  PetroQuest Energy Finalizes Texas JV, Readies Cotton Valley HZ Program for December Spud

Back to Growth:  PetroQuest Energy Finalizes Texas JV, Readies Cotton Valley HZ Program for December Spud

PetroQuest is targeting record production growth in 2017

Today’s announcement from PetroQuest Energy (ticker: PQ) delivered a clear signal that PetroQuest will hit the accelerator on growth starting now, anchored by a Texas drilling program that could deliver an attractive …

Statoil Boosts Footprint in Norwegian Continental Shelf with $540 Million Share Purchase

Statoil Boosts Footprint in Norwegian Continental Shelf with $540 Million Share Purchase

Believes peak production from the Johan Sverdrup offshore field could reach 380 MBOPD

Norway-based Statoil (ticker: STO), the largest acreage holder on the Norwegian Continental Shelf (NCS), added to its portfolio by acquiring more than 37 million shares of Lundin …

Kinder Morgan Acquires Interests in 15 BP plc Terminals for $350 Million

Kinder Morgan Acquires Interests in 15 BP plc Terminals for $350 Million

Kinder Morgan (ticker: KMI), the largest energy infrastructure company in North America, is adding to its footprint.

On October 20, 2015, KMI announced a joint venture agreement with a subsidiary of BP plc (ticker: BP) for 15 terminals at a …

Nighthawk Energy Restarts Drilling Program with Margin Improvements in Tow

Nighthawk Energy Restarts Drilling Program with Margin Improvements in Tow

The drilling program of Nighthawk Energy plc (ticker: HAWK.L) is up and running again, and new arrangements in its marketing firm agreements are expected to provide increased upside in the second half of 2015.

The plan to drill the first …

Resolute Energy Divests Hilight Field for $55 Million, Solidifies Balance Sheet

Resolute Energy Divests Hilight Field for $55 Million, Solidifies Balance Sheet

Resolute Energy Corporation (ticker: REN), an exploration and production company based in Denver, Colorado, took a step to enhance its liquidity by selling its Hilight Field asset for $55 million.

The divesture, announced on September 16, 2015, is intended …

Nighthawk Energy Readies Drilling Program, Armed with Financing and Joint Ventures

Nighthawk Energy Readies Drilling Program, Armed with Financing and Joint Ventures

Nighthawk Energy (ticker: HAWK.L), an exploration and production company focused on conventional operations in the Denver-Julesburg Basin, is preparing to ramp up its drilling program after finalizing a series of financing and joint development agreements.

Capital in Place to Begin

A rig site in North Dakota

Black Ridge Oil & Gas Secures Equity Joint Venture to Develop Williston Basin

Merced Capital Targets Initial Investment of $50 Million in Its First Oil and Gas Venture

On July 23, 2015, Black Ridge Oil & Gas (ticker: ANFC), a Bakken/Three Forks E&P, announced a $50 million initial target investment from Merced Capital

Apache Corporation Sells Portion of Egypt Assets for $3.1 Billion to Sinopec

Apache Corporation Sells Portion of Egypt Assets for $3.1 Billion to Sinopec

Apache Corporation (ticker: APA) is an oil and gas exploration and production company with operations in the United States, Canada, Egypt, the United Kingdom, Australia and Argentina. It is one of the world’s top independent E&P companies and recently celebrated …

September 4, 2013 - 5:39 pm International, Oil and Gas 360 Articles, OPEC

Chevron and Cimarex Energy Partner in Permian; $60 Million, 8-Year Deal to Drill Deep in the Heart of the Delaware Basin

Cimarex Energy (ticker: XEC) is a Denver-based independent oil and gas E&P company with operations in the Mid-Continent and Permian Basin areas of the United States.

On June 24, 2013, Cimarex and Chevron Corporation (ticker: CVX) announced a joint

June 25, 2013 - 5:46 pm Oil and Gas 360 Articles

Energy XXI CEO John Schiller on CNBC's Mad Money

Energy XXI’s Chairman and CEO John Schiller appeared on CNBC’s Mad Money to talk about the disconnect between WTI and Brent crude oil prices, EXXI’s joint venture with Apache to explore the Gulf of Mexico shelf, and the company’s strategy …

April 16, 2013 - 11:57 am Offshore, Oil and Gas 360 Articles

Equal Energy and Atlas Resource – Flexing to Drill Mississippian Light Oil Play

Equal Energy Ltd. (TSX, NYSE: EQU) signed an agreement with Atlas Resource Partners, L.P. (NYSE: ARP) to sell 50% of its interest in approximately 14,500 net undeveloped acres prospective for Mississippian light oil for total cash consideration of approximately US$18 …

April 5, 2012 - 10:26 pm Oil and Gas 360 Articles
PetroQuest Updates Mississippian Lime Operations and Q1'12 Guidance; La Cantera Well Flows at High End of Expectations

PetroQuest Updates Mississippian Lime Operations and Q1'12 Guidance; La Cantera Well Flows at High End of Expectations

PetroQuest Energy (NYSE: PQ) announced the Thibodeaux #1 discovery well at the La Cantera prospect (17% NRI) in South Louisiana is currently flowing at a gross daily rate of approximately 31 MMcfe/d (26% oil and liquids) – the high end …

March 22, 2012 - 4:00 pm Oil and Gas 360 Articles
PetroQuest Energy Reports Q4'11 and Year-end Results; Record Reserve Numbers; Extends Woodford JV into the Mississippian

PetroQuest Energy Reports Q4'11 and Year-end Results; Record Reserve Numbers; Extends Woodford JV into the Mississippian

Petroquest Energy, Inc. (NYSE: PQ) reported Q4’11 and year-end results, provided guidance for 2012, and announced an amendment to its Woodford Shale joint development agreement (JDA) to include an expansion into PetroQuest’s Mississippian Lime play.

PQ reported Q4’11 net income …

February 29, 2012 - 4:05 pm Oil and Gas 360 Articles