- Tight Gas & Oil
- Gas Hydrates
Concurrent with its formation, the JV, SemCAMS Midstream, also agreed to acquire the Montney operating portfolio of Meritage Midstream ULC.
E&P spending in North America is expected to lag behind international markets, where some regions could see double-digit spending growth.
The Chevron and Occidental deal marks the first significant investment by energy groups into the technology developed by Carbon Engineering, a Bill Gates-backed start-up based in Canada.