After receiving preliminary approval from Israel’s Energy Ministry, partners in a gas field off the coast of Israel are expected to reach a decision on the expansion of the natural gas export capacity from the field, while stepping up domestic supply. The approval is perceived to constitute the basis for launching the next step of the field’s development.
ConocoPhillips has agreed to acquire Marathon Oil in an all-stock deal valued at $17.1 billion in a bid to catch up with rivals as drillers race to secure new oil and gas wells.
Chevron’s biggest rival, ExxonMobil, however, has arbitration proceedings in Guyana’s Stabroek oil block that may prevent merger
Top executives at U.S. oil giants Exxon Mobil and Chevron Corp said on Monday that the U.S. needs to clarify rules on energy subsidies to drive the rapid, large-scale investments needed to fight climate change.
Chevron’s Permian Basin production in the first quarter dropped less sequentially than the 2%-4% than had been predicted three months ago, but still expects to continue on a growth trajectory in the second half 2024, its top executive said April 26.
Namibia’s national oil company has signed a development deal with Chevron that will see the US oil major take an 80% operating working interest in an offshore block in the Walvis Basin, it said on Monday.
UK-headquartered oil and gas company Trident Energy has expanded its footprint on Africa’s oil and gas scene by inking strategic agreements with two oil majors, the U.S.-based Chevron and France’s TotalEnergies, which enable it to get its hands on offshore acreage in the Republic of Congo.
The government’s discussions with Chevron are progressing well, stated President Christodoulides yesterday, expressing hope for announcements soon.
Chevron hosted a roundtable discussion with engineers on Monday at Legacy High School. The discussion, which was open to all students, was aimed at highlighting women working in the oil and gas industry.
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The rivalry between ExxonMobil and Chevron has plumbed a new depth. On Monday, securities filings revealed a hang-up in Chevron’s $60bn stock deal to acquire smaller rival Hess Corporation. Hess’s crown jewel is a stake in the Stabroek deepwater field located off the coast of Guyana. A controlling 45 per cent stake happens to belong to Exxon.