Angola’s National Agency for Petroleum, Gas and Biofuels (ANPG) has signed a series of offshore exploration agreements with Shell, Chevron, TotalEnergies and other international operators covering deepwater blocks across the Kwanza and Congo basins. ANPG signed risk-service contracts for deepwater Blocks 19, 34 and 35 with Shell, Equinor and Sonangol E&P. The agreements establish terms […]
Oil majors Shell (SHEL.L), opens new tab and Chevron (CVX.N), opens new tab have signed a non-binding agreement for the acquisition of production rights over Ghana’s South Deepwater Tano Cape Three Points oil and gas block, Ghana’s energy minister said. The memorandum of understanding with Ghana National Petroleum Corporation, signed on Tuesday, comes as the […]
Venezuela’s energy sector is entering a period of significant commercial change, with a reworked hydrocarbons framework beginning to translate into new agreements with international energy companies. Venezuela is moving from regulatory reform toward implementation. In January 2026, the country enacted a reform of its Organic Hydrocarbons Law, introducing new contractual mechanisms for primary hydrocarbon activities […]
Ghana has moved further to deepen its oil exploration with the endorsing of a Memorandum of Understanding (MoU) with Shell and Chevron covering exploration and production rights over the South Deepwater Tano Cape Three Points block. The MoU includes the appraisal of the existing Nyankom discovery as the country seeks to revive upstream investment. The agreement […]
The Government of Ghana, the Ghana National Petroleum Corporation (GNPC) and GNPC Explorco have signed a non-binding memorandum of understanding with Shell and Chevron. The MoU covers the South Deepwater Tano Cape Three Points block offshore Ghana’s Western Region. As reported by Reuters, the agreement was signed in Accra on September 1, 2026, at the […]
Oil majors Shell and Chevron have signed a non-binding agreement for the acquisition of production rights over Ghana’s South Deepwater Tano Cape Three Points oil and gas block, Ghana’s energy minister said. • The memorandum of understanding with Ghana National Petroleum Corporation, signed on Tuesday, comes as the West African country looks to encourage investment […]
Chevron Corp. is finalizing a deal that will significantly expand its operations in Venezuela by adding two giant oil fields in the Orinoco Belt, part of a push by U.S. President Donald Trump to ramp up production in the South American country. The Texas oil company has negotiated operating rights to the fields in the Carabobo […]
On Friday, Etu Energias announced the signing of a Sale and Purchase Agreement (SPA) with Cabinda Gulf Oil Company, Chevron’s Angolan subsidiary. The agreement will transfer Chevron’s 31% interest in Block 14 and 15.5% interest in Block 14K to Etu Energias. The blocks sit off the coast of Cabinda, in northern Angola. The deal is worth USD 260 […]
Earlier this week, Chairman Masoud Suleiman of Libya’s National Oil Corporation (NOC) announced the signature of a production-sharing agreement with Chevron. The agreement formalises the results of Libya’s 2025 licensing round, its first oil and gas bid round since 2007. Shortly after an MoU was signed in January, Chevron was awarded onshore Contract Area 106 in Libya’s […]
Chevron has confirmed an oil and gas condensate discovery at an exploration well in Angola’s Block 0, adding to the company’s exploration momentum in Sub-Saharan Africa. Located in the Lower Congo Basin, this discovery is seen as reflecting the strength of the firm’s exploration portfolio and its continued focus on identifying new resource opportunities. The […]