Saudi Aramco will receive engineering, procurement, construction and installation services, fabrication services and facility maintenance for development of non-associated gas fields and production as it expands offshore to Red Sea.
Through a cooperation agreement, multiclient seismic imaging company Spectrum Geo and oilfield services company Schlumberger Ltd. will jointly acquire and process Spectrum’s offshore Mexico Campeche-Yucatan 2-D regional multiclient program.
Financial terms of the joint venture were not disclosed, but KKR will provide equity. Monterra will own, develop, build and operate midstream infrastructure through greenfield and brownfield projects and assets.
IOG also partnered with MetalMark Capital in September 2014. IOG has more than $700 million in capital to support domestic oil and natural gas companies’ onshore acquisitions and development drilling.
Hi-Crush Partners LP and ARB Midstream LLC entered definitive agreements to develop and operate Denver-Julesburg Basin and Permian Basin energy rail hubs. Each basin receives one rail hub.
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.
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.
Brazos Midstream Holdings LLC partnered with Old Ironsides Energy LLC to pursue the acquisition and development of U.S. midstream assets.
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.
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.
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.
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.
|Mid||USD 13800||Members only||Williams Partners LP|
|E&P||USD 75.2||Members only||Undisclosed|
|E&P||USD 0||Members only||Undisclosed|
|E&P||USD 17||Members only||Undisclosed|