Joint Ventures


Enterprise, Occidental Form Delaware Basin Gas Processing JV

Enterprise Products Partners LP entered into an agreement with an Occidental Petroleum Corp. affiliate to jointly develop a new 150 million cubic feet per day cryogenic natural gas processing plant. 

Thu, 04/30/2015 - 07:46

Huntington Ingalls, Kinder Morgan Inc. Will Not Pursue Avondale JV

In an April 20 statement, Huntington Ingalls Industries (NYSE:HII) announced it completed discussions with Kinder Morgan Inc. (NYSE:KMI) regarding redevelopment of HII’s Avondale shipyard in Louisiana.

Mon, 04/20/2015 - 09:42

Brazos Midstream, Old Ironsides Energy Partner For Midstream Investments

Brazos Midstream Holdings LLC partnered with Old Ironsides Energy LLC to pursue the acquisition and development of U.S. midstream assets.

Mon, 04/13/2015 - 09:18

First Reserve, Pemex Form Infrastructure Investment JV

The Los Ramones pipelines project, and other large-scale energy infrastructure projects, will receive investments through the US$1 billion joint venture. Los Ramones, now under construction, will run 744 kilometers.  

Tue, 04/07/2015 - 15:28

Perpetual Energy, Tourmaline Close West Edson Interest Exchange

Perpetual’s credit facility borrowing base was decreased on the transaction’s closing. It is now $100 million, down from $105 million. The West Edson property is in west-central Alberta.

Thu, 04/02/2015 - 12:10

Harvest Considers Restructuring After Venezuela Sale Fails

Houston-based Harvest has tried twice to sell its Venezuelan assets. The company holds a 20% stake in Petrodelta, a joint venture with state-owned Petroleos de Venezuela SA, Reuters said.

Mon, 03/30/2015 - 14:50

Chevron Global Energy Closes Caltex Shares Sale

The shares were priced at AU$35 each, and proceeds will be $135,000,035. San Ramon, Calif.-based Chevron will receive the cash proceeds upon settlement on April 2.

Mon, 03/30/2015 - 11:37

Plains All American Pipeline, Delek Logistics Form Caddo Pipeline JV

The pipeline will move 80,000 barrels of crude oil from Longview, Texas, to Shreveport, La., and El Dorado, Ark. The joint venture between the companies creates Caddo Pipeline LLC.

Wed, 03/25/2015 - 08:59

Austin Exploration, Pierre Energy Partners Form Colorado-Focused JV

Australia-based Austin is operator of an 11,560-acre Pathfinder oil and gas property in Fremont County, Colo., and it agreed to have Pierre drill two wells back-to-back in April and May. 

Tue, 03/24/2015 - 17:12

FMC Technologies, Technip Will Form JV

The subsea umbilical, riser and flowline systems (SURF) and subsea production and processing systems (SPS) will be  integrated, reducing total ownership cost and increasing reliability and uptime.

Mon, 03/23/2015 - 08:57

Caza, Clayton Williams Terminate Wolfcamp JV Agreement

Caza, of The Woodlands, Texas, was to drill an initial horizontal Wolfcamp well on the Reeves County acreage.

Emily Moser
Thu, 02/26/2015 - 09:56

Midstream Companies Form JV For East Texas NGL Pipeline

Enterprise will continue to serve as operator of the Panola Pipeline and own the remaining 55% interest.

Emily Moser
Tue, 02/24/2015 - 08:32