Partnership

Qatar Petroleum (QP) has joined forces with other major liquefied natural gas (LNG) players to collaborate on the development of new vessel designs to transport the super-chilled fuel across the world.  ExxonMobil, Royal Dutch Shell plc and Total SE joined with QP in signing an agreement to develop new medium and large LNG tankers with…

The Environmental Partnership, a coalition of oil and natural gas producers formed to accelerate improvements to environmental performance in U.S. onshore operations, said Wednesday it has expanded its membership to midstream companies. The addition of pipeline companies has more than tripled the organization’s membership to 83 participants. The Environmental Partnership was formed in December 2017.…

U.S. methane emissions from the oil and natural gas industry are decreasing relative to the nation’s total production, according to the American Petroleum Institute (API), which is part of a collaborative industry effort aimed at tackling the problem.

Prime Rock Resources and New Dawn Energy agreed to jointly develop some Austin Chalk property in Louisiana contributed by each company.

Oklahoma City-based Western Natural Resources LLC is teaming up with global investor KKR to acquire producing and undeveloped oil and gas assets in the Williston Basin.

NGL Energy Partners LP has acquired the assets of High Roller Wells LLC’s Big Lake SWD No. 1 Ltd., a Texas limited partnership. The Big Lake acquisition expands NGL’s water services business by adding a high-capacity, strategically located, oil and gas water disposal facility to its portfolio of water treatment and gathering infrastructure. The acquisition brings an 25,000 barrels of disposal capacity in the growing Permian Basin in West Texas, the company said.

With acquisitions and infrastructure agreements in hand, Waltham, MA-based Global Partners LP, a publicly traded master limited partnership, is establishing a “virtual pipeline” for shipping North Dakota Bakken and Canadian crude oil to refineries on both the U.S. West and East Coasts.

The United States has completed its bilateral consultations with Japan for the country’s membership in the Trans-Pacific Partnership (TPP). If ultimately approved, membership is seen as potentially aiding U.S. liquefied natural gas to Japan (see Daily GPI, March 19). “Since November 2011, the United States has been engaged in consultations with Japan focused on Japan’s readiness to meet the TPP’s high standards for liberalizing trade and investment, and to address specific bilateral issues of concern in the automotive and insurance sectors, as well as other Japanese non-tariff measures,” said Acting U.S. Trade Representative Demetrios Marantis. “…[W]e are pleased to welcome Japan’s participation in the TPP negotiations pending a consensus agreement among the current TPP members and the completion of our respective domestic processes.” Through the TPP, the United States and 10 Asia-Pacific countries are seeking to negotiate a next-generation, regional trade agreement.

Japanese Prime Minister Shinzo Abe said his country wants to be included in the Trans-Pacific Partnership (TPP), which could hasten the export of liquefied U.S. gas to Japan. TPP currently encompasses 11 nations in Asia and the Americas. Randy Bhatia, an analyst with Capital One Southcoast, said Japan’s membership in TPP could boost efforts to export LNG to the country.