Joint Venture – Oil & Gas 360

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

Chevron Phillips and Qatar Petroleum Team Up Again

July 10, 2019

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 Petroleum (QP), this time to build an $8 billion petrochemical plant in the Gulf Coast region of the United States.

Energy PE Firm HitecVision, Oman's Petrogas to Buy UK oilfields for $635 Million -Oil & Gas 360

New JV in the Gulf of Mexico

June 28, 2019

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 and gas company in order to generate and drill shallow depth prospects in the Gulf of Mexico. GulfSlope, who will

Summit Midstream Partners Makes FID, Forms JV

June 28, 2019

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 secured sufficient commitments pursuant to binding precedent agreements for long-term, firm transportation service. The company also executed a definitive joint

New $165 Million Joint Venture in the Permian Basin

June 19, 2019

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

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