Suncor Assumes Operatorship of Syncrude
The arrangement was initially announced in the fourth quarter of 2020.
Chevron to Invest in Bunge Soybean Crushers to Secure Renewable Feedstock
Chevron and Bunge's proposed JV will include expanding Bunge's facilities in Destrehan, Louisiana, and Cairo, Illinois, to nearly double their capacity by 2024.
Andros Capital Closes $150 Million JV with Private Permian Basin Operator
Andros Capital agreed to fund approximately $150 million to participate in a development drilling program targeting the Spraberry and Wolfcamp formations on MPDC’s Permian Basin position in Midland County, Texas
U.S. Energy Development to Invest $21.8 Million in Core of Permian Basin
The company's CEO said the joint venture comes at an ideal time as the company continues to grow its footprint in the Permian Basin.
Plains All American, Oryx Midstream to Merge Permian Basin Assets
The combination with a vast majority of Plains All American’s Permian Basin assets is a “natural evolution of the Oryx growth story,” says Oryx Midstream CEO Brett Wiggs.
Williams Forms JV with Upstream Operator in Wyoming’s Wamsutter Field
The JV consolidates three legacy upstream assets held by BP, Southland and Crowheart Energy into one contiguous footprint consisting of over 1.2 million net acres, which Denver-based Crowheart will operate, says Williams.
Vista Oil & Gas, Trafigura Strike $25 Million Vaca Muerta Shale Deal
Under terms of the JV agreement, Vista Oil & Gas and Trafigura will jointly develop initially five pads of four wells each in Bajada del Palo Oeste, which is Vista’s main shale oil development in Vaca Muerta.
Vortus Forms Permian Basin JV Initially Focused in New Mexico’s Eddy County
Stateline Operating, a newly formed JV between Vortus Investment Advisors and Flat Creek Resources, will initially focus on the development of existing oil-rich assets in New Mexico’s Eddy County in the Delaware Basin.
Oil and Gas Investor Cross-border Partnerships: International JVs
Conducting business internationally offers many opportunities to U.S. oil and gas companies, but a proper understanding of the partnerships often involved is key. Here are some of the practical considerations of pursuing a successful joint venture abroad.
Alerian, S-Network Global Indexes Partner with C8 Technologies
Alerian and S-Network Global Indexes revealed on March 17 its partnership with C8 Technologies, the first global marketplace for asset owners, funds, banks and index providers, to offer several unique and compelling strategies on its direct indexing platform.