Velesto Energy Berhad has been awarded a contract valued at approximately $51 million by Hess Exploration and Production Malaysia B.V., a wholly owned subsidiary of Chevron, to provide integrated rig, drilling and completion (i-RDC) services for Chevron Malaysia’s North Malay Basin Full Field Development campaign.
Chevron has shut in production at its Petronius facility in the U.S. Gulf and evacuated all associated personnel to shore as Tropical Storm Bertha approaches the northern Gulf Coast. The company said production from its other operated Gulf of America assets remains at normal levels. Chevron has also transported nonessential personnel from its Tubular Bells and Blind Faith […]
Chevron is preparing to sign MoUs with Iraq to advance its potential entry into two major oilfields and support studies of alternative crude export routes, Reuters reported on Thursday.
Chevron is preparing to sign MoUs with Iraq to advance its potential entry into two major oilfields and support studies of alternative crude export routes, Reuters reported on Thursday. The MoUs cover the West Qurna 2 and Nassiriya fields, with the West Qurna 2 preliminary agreement aimed at advancing commercial terms toward a final takeover deal, […]
Kosmos Energy Ltd. (NYSE:KOS) is one of the Best Penny Stocks to Invest In According to Billionaires. Recently, on June 23, Bank of America Securities initiated a Sell rating on Kosmos Energy Ltd. (NYSE:KOS) with a price target of $1.46. Overall, the Street remains bullish on the stock, with analysts’ 12-month price target suggesting more than 60% upside from the current level.
Venezuela is attracting renewed interest from global oil majors after sweeping reforms opened its energy sector, but rebuilding its corroded infrastructure will require more than $100 billion and at least a decade, OilPrice.com reported.
Four of the world’s biggest oil companies are ready to bid for Ghana blocks but a stalled legal reform process is holding up their commitment
Dr. Kwabena Donkor warns that delays in reviewing Ghana’s petroleum laws are deterring major oil investors, including Chevron and ExxonMobil.
Chevron Corp. and two other major Argentine shale producers will sign contracts this week to supply a natural gas liquids project, a move that all but assures the $3 billion plan goes ahead, according to people familiar with the matter.
Chevron has filed a request to buy 70% in an oil and gas exploration block offshore southwest Greece in what would be another step in the U.S. supermajor’s expansion in the Eastern Mediterranean.