Midstream assets included in the joint venture include a natural gas processing plant in Tioga, N.D. Hess Infrastructure will make an IPO of Hess Midstream Partners LP common units.
The 13-well EOR project is in Caldwell County, Texas, and 12 of the wells are proved productive vertical oil wells. Of this group, two will become water injection wells.
More than 700,000 barrels of crude oil storage capacity and other infrastructure will be built through the roughly-$95 million project, supported by a long-term commitment with a major refiner.
Oilfield technologies company Blue Water Petroleum Corp. signed a letter of intent with Viscos Energy Partners to form STO (Sludge to Oil) to operate Viscos’ oil sludge remediation, upgrading system.
JVSA will provide JV management, JV auditing, contract and agreement management, vendor compliance and dispute resolution services at offices in Houston and Calgary, Alberta, said PKF Texas, an advisory firm.
Freestone Dynamis Energy Products LLC, formed after more than year of strategy development, will produce Petrozene additive for tanker sludge, paraffin problems, storage tank maintenance and other issues.
Houston-based Harvest entered into a term sheet with Venezuela’s state-owned PDVSA, its partner in Petrodelta, to reposition Petrodelta’s business. Harvest has a 20.4% investment in Petrodelta.
ExxonMobil’s full interest in MOEM Pipeline LLC, and the 80% interests in Collins Pipeline Co. and T&M Terminal Co., are also being purchased under an agreement between ExxonMobil and PBF.
Joint-venture partners and the government of Vietnam approved PetroVietnam’s acquisition of the shares of Chevron subsidiaries working offshore Vietnam. Blocks B, 48/95 and 52/97 have been explored since 1996.
Contract drilling fleets of Trinidad Drilling Ltd. and CanElson Drilling Inc. will combine after the companies combine under court-approved plan. The combined Canadian company will have 163 land drilling rigs.
Following the acquisitions, the company said its acreage position in the Permian Basin in southeast New Mexico and West Texas increased to about 155,500 gross acres.
|Mid||USD 257.5||Members only||Energy XXI Ltd.|
|E&P||USD 18.4||Members only||New Standard Energy Ltd.|
|Mid||USD 837.5||Members only||Bridger Logistics LLC|
|E&P||USD 0||Members only||Gale Force Petroleum|