Joint Ventures

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Europa Oil & Gas Signs Farm-out For Weald Basin Interest

Under the farm-out, UJO will acquire a 7.5% working interest in PEDL143 from Europa, paying 15% of the costs to drill the exploration well at Holmwood.

Erin Pedigo
Mon, 05/23/2016 - 17:33
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Purchase Of Chaffee Corners Marcellus Stake For Thailand’s Banpu Closes

Transaction’s total value is $112 million. There are 156 billion cubic feet of 1P reserves, 62 producing wells and 14 waiting on completion; and there are more than 170 de-risked locations. 

Erin Pedigo
Mon, 05/23/2016 - 14:12
Free

Keppel Will Enter JV For Offshore Russia Oil, Gas Operations

Keppel O&M and Rosneft will have shares of 45% each in the JV, while MHWirth will hold 10% while adhering to existing U.S. and EU sanctions imposed on Russia’s offshore sector, Reuters reported.

Erin Pedigo
Fri, 05/20/2016 - 09:24
Free

Athabasca Closes Canada Light Oil JV With Murphy Oil

Athabasca has appraised and developed its significant Duvernay and Montney land position in Greater Kaybob and Placid, drilling 26 Duvernay wells at Greater Kaybob and five Montney wells at Placid.

Erin Pedigo
Mon, 05/16/2016 - 14:10
Free

Murphy Oil To Exit Syncrude JV, Sells Interest To Suncor

Syncrude is a JV operation in the Alberta Sedimentary Basin, which extracts bitumen from oil sands and upgrades it to light synthetic crude oil. Production averaged 15,600 boe/d (net) in the first quarter of 2016.

Emily Moser
Thu, 04/28/2016 - 07:27
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Crestwood Forms Pipeline, Storage JV With Consolidated Edison

The new entity, Stagecoach Gas Services LLC, will have an implied market value of about $2 billion, the companies said in a statement.

Emily Moser
Thu, 04/21/2016 - 07:36
Free

Thai Coal Miner Banpu Buys Stake In Marcellus Shale JV

The Thai company said in a statement the deal was its first in the U.S. upstream gas business and was part of its strategy to balance its heavy exposure to the Asian market.

Emily Moser
Wed, 04/20/2016 - 07:05
Free

Gulf Coast Western Expands In Louisiana, Partners With Northcote

The Dallas-based company said April 7 it has acquired a 50% working interest in certain assets in Beauregard Parish, La. The company also partnered with the U.K.-based Northcote Energy Ltd.

Emily Moser
Mon, 04/11/2016 - 07:20
Free

YPF Appeals Court Order To Show Details Of Chevron Pact In Vaca Muerta

Opposition lawmakers believe the contract contains secret clauses that hand concessions to Chevron and undermine national interests.

Emily Moser
Thu, 03/17/2016 - 07:32
Free

QS Energy, JBL Energy Partners Form Acquisition-Focused JV

As QS Energy's JV partner, JBL will source and evaluate proved developed producing oil and gas properties, with upside cash-producing potential through the drillbit, according to the release.

Emily Moser
Tue, 03/08/2016 - 07:53
Free

Talara Oil And Gas Forms Venture For North, South American Assets

The newly formed company will be led by Manuel Pablo (Manolo) Zuniga-Pflucker, president and CEO. He said the initial focus will be on Peru’s onshore assets.

Erin Pedigo
Mon, 02/29/2016 - 11:13
Free

Maersk Oil Acquires 50% Of Africa Oil’s Share In Kenya, Ethiopia Licenses

Ebbie Haan, chief growth officer for Maersk Oil, said the company is now officially a partner in all five licenses, which cover about 100,000 sq km and include nine recent oil discoveries.

Erin Pedigo
Tue, 02/23/2016 - 10:48

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