Acquisitions & Divestitures - Joint Ventures

Petrobras, Murphy Oil Form Joint Venture In Gulf Of Mexico

According to the filing, Petrobras, as the Brazilian company is known, will have a 20% stake in the joint venture, and Murphy will have 80%.

October 11, 2018

Talos Energy Eyes Possible Tie-Up With Pemex Next Year For Zama Find

A consortium led by U.S.-based Talos Energy is looking to partner with Mexico’s state-run energy firm Pemex next year on a plan to jointly develop a potentially lucrative oil and gas discovery pending more drilling, Reuters reported on Oct. 9.

October 10, 2018

Baker Hughes Acquires 5% Stake In ADNOC Drilling For $550 Million

Baker Hughes (NYSE: BHGE), the world’s second-largest oil services company, will take a 5% stake in Abu Dhabi National Oil Co.’s (ADNOC) drilling unit for $550 million under a tie-up announced on Oct. 8.

October 8, 2018

Salt Creek Midstream, Noble Midstream Partner On Gathering System

Joint venture will develop crude oil pipeline and gathering system in the Delaware Basin.

October 3, 2018

Saudi Shelves $200 Billion Softbank Solar Project

Saudi Arabia has shelved a $200 billion plan with SoftBank Group Corp. to build the world’s biggest solar-power-generation project, the Wall Street journal reported on Sept. 30, citing Saudi government officials.

October 1, 2018

Pipeline Deal Brings Export Of Israeli Gas To Egypt Within Sight

Purchase by Delek and Noble allows supply of 64 Bcm over 10 years.

September 27, 2018

Total Finalizes Plans To Expand Texas Bayport Polymers In Petrochems Push

French oil and gas major Total has made a final investment decision to expand its Texas Bayport Polymers joint venture to double polyethylene production capacity to around 1.1 million tonnes a year (mtpy), the company said on Sept. 25.

September 26, 2018

Chevron Reveals Shared Infrastructure Plans For Stranded Australian Gas

Woodside is also accelerating plans to build a pipeline to move gas from its Scarborough development.

September 18, 2018

Carlyle Group, Diamondback Partner To Develop Permian Assets

A Carlyle fund and Diamondback will jointly invest $620 million to develop the assets in the San Pedro area of Pecos County, Texas, within the Southern Delaware Basin.

September 11, 2018

BP Deploys Plant Operations Advisor On Gulf Of Mexico Platforms

The announcement comes after an initial deployment of POA proved the technology could help prevent unplanned downtime at BP’s Atlantis platform in the GoM.

September 5, 2018

Enterprise, American Midstream Team Up To Improve Gulf Coast Assets

The partnership includes an option for American Midstream to acquire a 25% interest in Enterprise’s Pascagoula natural gas processing plant located in Mississippi.

August 23, 2018

Plains All American, Magellan To Sell Part Of BridgeTex Pipeline For $1.4 Billion

Plains All American Pipeline LP, Magellan Midstream Partners LP and OMERS have entered into a definitive agreement whereby Plains and Magellan will collectively sell a 50% interest in BridgeTex Pipeline Co. LLC for $1.438 billion.

August 21, 2018