Joint Ventures


Dynamic Industries Saudi Arabia Will Support Saudi Aramco Offshore Work

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. 

Wed, 05/20/2015 - 08:30

Spectrum, Schlumberger Enter Seismic Data Processing Agreement

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.

Tue, 05/19/2015 - 10:56

KKR, Mexico’s Monterra Form Midstream Investment JV

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. 

Fri, 05/15/2015 - 10:57

IOG, Fortress Close $330 Million Investment Partnership

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.

Wed, 05/13/2015 - 13:59

Partnership Formed To Develop Permian, D-J Basin Rail Hubs

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.

Wed, 05/06/2015 - 16:39

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