Joint Ventures

Williams, Brazos Midstream JV To Take On Permian Basin Gas Takeaway

Despite a lingering natural gas takeaway problem for Permian Basin producers, analysts note an opportunity exists for midstream operators as pipeline FIDs to date ‘merely maintain status quo.’

Nov 16 2018 - 3:10pm

Axis Energy Services Announces Company Launch

Axis Energy Services, a new workover and completion specialist formed from the combination of TEC Well Service, Momentum Pressure Control, and M6 Energy Services, announced its launch on Nov. 5.

Nov 6 2018 - 7:57am

Petrobras Stops Chevron Plan To Drill In Brazil Offshore Block

A decision by Petrobras (NYSE: PBR) not to invest in drilling new wells has derailed Chevron Corp.’s (NYSE: CVX) plan to resume exploration in a Brazilian offshore field, people familiar with the matter said on Oct. 30.

Oct 31 2018 - 8:20am

Carlyle Partners With Corpus Christi Port To Build Oil Export Terminal

Carlyle's agreement with the Port of Corpus Christi to build an oil export terminal comes as infrastructure struggles to keep up with record levels of production, driven by the Permian Basin.

Oct 29 2018 - 10:25am

Royale Energy, California Resources Expand JV In Historic Gas Field

Royale Energy formed a JV with California Resources to drill 30 wells throughout the Rio Vista Field, the largest dry gas field in California.

Oct 23 2018 - 9:05am

Talos Energy, Pan American Join Forces Offshore Mexico

Talos Energy is joining forces with a subsidiary of Argentina’s Pan American Energy LLC to accelerate exploration efforts offshore Mexico.

Oct 19 2018 - 10:55am

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%.

Oct 11 2018 - 8:02am

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.

Oct 10 2018 - 8:14am

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.

Oct 8 2018 - 8:21am

Salt Creek Midstream, Noble Midstream Partner On Gathering System

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

Oct 3 2018 - 4:05pm