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 […]
Chevron said on Monday it had discovered oil and gas condensate at an exploration well in Block 0, offshore Angola, adding to its push to increase production in sub-Saharan Africa through infrastructure-led exploration, Reuters reported.
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, […]
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