Longboat and JAPEX joint venture recieves initial investment of $16 million
Longboat Energy and Japan Petroleum Exploration (JAPEX) have formed a joint partnership with an initial investment of around £12.23 million.
Joint Venture
Thailand’s PTT and Tokyo Gas set up JV for LNG
Japan’s Tokyo Gas (TYO:9531) and Thai state-backed energy company PTT (BKK:PTT) will set up a joint venture to enter the on-site energy business involving liquefied natural gas (LNG) supply in Thailand.
Total enters into joint venture with Indian Oil Corporation
Total has entered into a partnership with Indian Oil Corporation (IOC) to manufacture and market bitumen derivatives.
Petrofac and Socar ink deal with BP in Azerbaijan
Petrofac and its joint venture partner the State Oil Company of the Republic of Azerbaijan (Socar) have announced a deal with BP in Azerbaijan and Georgia.
NLNG signs cash call deal with NNPC
Nigerian National Petroleum Corp. (NNPC) and Nigeria LNG (NLNG) have signed a pre-payment agreement on the supply of gas to the six existing trains at Bonny Island.
Premier Oil to make North Sea exit from Bagpuss JV
North Sea Energy said Premier Oil have informed the Bagpuss Joint Venture of its plans to resign as operator of the licence by the end of the year.
THHE and McDermott part ways on low oil price
TH Heavy Engineering (THHE) said it has parted ways with US engineering firm McDermott.
Wood Group forms JV in Mexico
Wood Group Mustang has agreed a joint venture with Grupo Diavaz, a Mexican oil and gas operator and services company.
Nostra Terra and Independent Resources snap up first JV asset in North Africa
Nostra Terra Oil & Gas and its joint venture partner Independent Resources have snapped up their first acquisition in North Africa. An agreement has been reached with Transglobe Energy for the acquisition by of a 50% share in the East Ghazalat concession for $3.5million.
Joint venture pulls out of Vietnam block
Pan Pacific Petroleum (PPP) and its joint venture (JV) partners have withdrawn from a block in Vietnam after unsuccessful drilling of the Whale prospect. The company said the decision was also influenced by the inability to secure a farm-in partner to share the costs and risk of drilling an additional well in the licence.