The system is designed to add additional grades of crude oil as necessary.
Osaka Gas will acquire a 30% stake in Sabine Oil & Gas' East Texas shale gas project targeting the Cotton Valley Sand and Haynesville Shale formations.
The new JV between Saudi Aramco and National Oilwell Varco, known as NOV, aims to produce 10 onshore rigs per year, Aramco said.
Peter Coleman, who was speaking at the World Gas Conference in Washington, said the project’s ability to provide Woodside with an adequate return is “very challenged.”
Pouyanne said Total is investing in the entire natural gas chain from production to liquefaction for overseas shipping, to sale as a fuel for power, petrochemicals and transport.
Kinder Morgan, EagleClaw and Apache signed a letter of intent to develop the project expected to provide attractive, broad U.S. Gulf Coast market optionality for Permian gas production.
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.