Acquisitions & Divestitures - Joint Ventures
Anadarko Petroleum Corp said on Feb. 1 a long-term agreement had been signed with the trading division of China's state-owned offshore oil and gas producer CNOOC Ltd to supply LNG from Mozambique.
A joint venture between Exxon Mobil, Plains All American and Lotus Midstream has agreed to build a new crude pipeline to connect the Permian Basin in West Texas to the Texas Gulf Coast.
Drillinginfo formed a new strategic collaboration with Hart Energy’s Rextag unit to create a combined midstream business product dubbed Drillinginfo Midstream Infrastructure.
‘One-of-a-kind’ deal diversifies partners’ interests.
BP Ventures said Jan. 28 it has invested $5 million in Belmont Technology’s Series A financing to further bolster BP’s artificial intelligence (AI) and digital capabilities in its upstream business.
The JV was formed by H2O Midstream and Layne Water Midstream to develop and operate water infrastructure on the University Lands acreage across the Southern Delaware Basin.
Project would combine Pony Express with Wyoming Interstate and Cheyenne Plains.
Concurrent with its formation, the JV, SemCAMS Midstream, also agreed to acquire the Montney operating portfolio of Meritage Midstream ULC.
Lone Star Ports LLC will lead development and operation of a Carlyle Group-backed crude export terminal in Corpus Christi, Texas, that can fully load supertankers, according to a statement from the project leaders on Dec. 14.
8minutenergy will use the more than $200 million from the JV to develop solar projects throughout the U.S. over the next five years, including in California, Texas and the U.S. Southeast.
Earl Reynolds, Chaparral Energy CEO, recently discussed with Hart Energy what allowed recent success in the company's positions in Garfield and Canadian counties, plus an interesting employee compensation plan tied to productivity.