Partner

Having lost its joint venture partner, ConocoPhillips, and seeing no softening of the local government officials’ resistance, Mitsubishi’s Sound Energy Solutions (SES) is hoping a California Superior Court in Los Angeles will eventually put its plans back on track for a proposed liquefied natural gas (LNG) terminal in the Port of Long Beach. A court hearing Friday was set to outline the schedule for the case in the first quarter next year.

Having lost its joint venture partner, ConocoPhillips, and seeing no softening of the local government officials’ resistance, Mitsubishi Corp.’s Sound Energy Solutions (SES) is hoping a California Superior Court in Los Angeles will eventually put its plans back on track for a proposed liquefied natural gas (LNG) terminal in the Port of Long Beach. A court hearing Friday is supposed to set the schedule for the case in the first quarter next year.

Calgary-based Triangle Petroleum Corp. made a new joint venture agreement with Fayetteville Shale operating partner Houston-based Kerogen Resources Inc., the company said last week. The expanded joint-venture will build on the 20,000 net acres (34,000 gross) held in Conway, Pope and Faulkner counties, AR, where both companies now hold a 50% working interest.

Calgary-based Triangle Petroleum Corp. has made a new joint venture agreement with Fayetteville Shale operating partner Houston-based Kerogen Resources Inc., the company said Monday. The expanded joint-venture will build on the 20,000 net acres (34,000 gross) held in Conway, Pope and Faulkner counties, AR, where both companies now hold a 50% working interest.

Denver-based Gasco Energy gained a partner in its Riverbend Project in the Uinta Basin of Utah after privately held NFR Energy LLC agreed to participate in a 30-well program in return for an interest in some of the wells. Once the program is completed, NFR will earn 67% of Gasco’s interest in 1,200 gross acres.

Imperial Oil Ltd. and joint venture partner ExxonMobil Canada have acquired exploration rights for a parcel in the Canadian portion of the Beaufort Sea, which may signal renewed optimism for the long-delayed Mackenzie Gas Project (MGP).

San Diego-based Sempra Energy Monday announced it will partner its successful energy-metals trading business with Royal Bank of Scotland (RBS) in a complex deal in which each company will put in $1.30-1.35 billion. The joint venture will be called RBS Sempra Commodities LLP and expects to double its profits over the next five years with the UK-based bank taking over a majority interest and the day-to-day trading operations.

Cheniere Energy Inc. said last week it has completed its initial public offering of 13.5 million common units of CQP stock representing limited partner interests in Cheniere Energy Partners LP at a price of $21 per common unit.

Cheniere Energy, Inc. said Monday it has completed its initial public offering of 13,500,000 common units of CQP stock representing limited partner interests in Cheniere Energy Partners LP at a price of $21 per common unit.