Acquisitions & Divestitures - Joint Ventures
Also this week, Phillips 66 to expand Texas NGL project. Meanwhile, Exxon Mobil and Plains pursue Permian pipeline JV and Pioneer sells Colorado assets.
The investment, BP Ventures said, is part of a push to tap into the growth in electric vehicle technologies and infrastructure.
Outwardly, U.S. shale seems a tough sell to Chinese NOCs these days, but their reluctance may have more to do with the scrutiny that has been brought on to NOCs for years.
The JV, formed in January 2017 between EP Energy and a subsidiary of Apollo Global Management LLC, was originally intended to drill up to 150 Wolfcamp wells.
The project utilizes a commercial model that consolidates BHGE engineering, products and services expertise in order to reduce total project costs and time to first production.
Canyon Creek CEO Luke Essman said the JV partnership with Pivotal Petroleum Partners signals a renewed interest in the Arkoma.
Salt Creek will primarily be comprised of multiple cryogenic processing facilities, as well as gas and crude gathering pipelines, compression and treating facilities in the Delaware.
Chevron Corp. (NYSE: CVX) will proceed with the second stage of its giant Gorgon LNG export plant off the northwest coast of Western Australia, the company said on April 14.
The deal could take the shape of a joint venture in which Qatar could partner or invest in future wells with ExxonMobil's unit XTO Energy, the Wall Street Journal said.
Dallas Cowboys owner Jerry Jones will invest $75 million in Comstock, but analysts throw down a penalty flag on Comstock’s Eagle Ford Shale divestiture and dilutive refinancing efforts.
The transaction, which represents one of the three Midcontinent sales agreements Chesapeake disclosed earlier this year, includes operated producing properties concentrated in Woods and Alfalfa counties, Okla.
The game remains the same for drilling joint ventures in the oil and gas industry—only the players have changed, energy lawyer from Gibson, Dunn & Crutcher says.