Chevron Corporation Plans to Drill Another Exploration Well Off the Coast of the Republic of Namibia
Chevron Corporation is considering the possibility of drilling an exploration well in the Walvis Basin, located off the coast of the Republic of Namibia, in the year 2026 or 2027, according to a report by Reuters, citing the American oil company. Chevron’s wholly owned subsidiary, Chevron Namibia Exploration Limited, is …
Cyprus Is Making Another Attempt to Develop the Aphrodite Offshore Field
The Government of Cyprus has received a new plan for the development of the Aphrodite offshore field. Partners in the Aphrodite offshore project (“Aphrodite“), American Chevron, British Shell and Israeli NewMed Energy have submitted to the Cabinet of Ministers of Cyprus a new plan for the development of deposits worth …
Chevron and QazaqGaz to Conduct Exploration Work at the Zhalibek Subsoil Site in Kazakhstan
Kazakhstan national company QazaqGaz and Chevron (through its subsidiary Chevron Munaygaz Inc.) signed a cooperation agreement on geological exploration work (GEW) at the Zhalibek subsoil site in the Aktobe region near the Zhanazhol and Urikhtau fields. This was reported by the press service of QazaqGaz. It is noted that negotiations …
Oil Production in Gayana Overtook the Production of Chips by Profitability
The net profit of the enterprise of the American Exxon and Hess and the Chinese CNOOC in a joint venture at the Gayan shelf, led by Exxon, increased sharply in 2023, and profitability exceeded the NVIDIA indicator, Reuters writes. The beneficial agreement of Gayana with a consortium led by Exxonmobil …
Hess-Chevron Deal May Be Suspended Until 2025
A transaction arbitration panel that could have blocked or green-lit the $53 billion sale of Hess to Chevron has not made a decision three months after ExxonMobil filed a claim for pre-emptive rights to buy Hess’ assets in Guyana as a co-owner of the project. The third and final arbitrator …
Chevron Expands Angola Assets
Chevron has signed two risk service contracts (RSCs) for Block 49 and Block 50 in the ultra-deepwater Lower Congo Basin of Angola through its Angolan subsidiary Cabinda Gulf Oil Company Limited, kicking off exploration work and laying the groundwork for development of the blocks, the African Energy Chamber said in …
Europe Wants to Find an Alternative to Russian Gas Imports in Algeria
Algerian state-owned Sonatrach will sign an agreement to develop a large hydrocarbon field with Chevron in the next few days, said Algerian Energy Minister Mohamed Arkab. According to him, another document is being prepared for signing with ExxonMobil. Agreements with Western companies will concern the development of new hydrocarbon fields …
Hess Oil and Gas Shareholders Approve Its Sale to Chevron for $53 Billion
Shareholders of the American oil and gas company Hess Corp. have approved its sale to Chevron Corp. for $53 billion, Hess said in a press release. The final results of the vote will be disclosed later. Chevron still has two hurdles to overcome before the deal can be closed: passing …
The President of Guyana Invited Chevron to Enter into a $150 Billion Oil Production Project
Guyanese President Irfaan Ali would welcome the entry of American Chevron Corp. into the capital of the operator of the Stabroek Block oil production project off the coast of the state. Ali told the Financial Times. Stabroek Block is one of the most “cash” deposits discovered in recent decades, the …
Guyana Welcomes Chevron’s Entry into Stabroek Project
Guyanese leader Irfaan Ali has a positive attitude towards Chevron’s possible entry into the Stabroek oil project, writes FT with reference to the President of Guyana himself. Guyanese authorities believe that Exxon’s growing stake in Stabroek Block threatens competition. That is, Chevron’s entry into the country through the acquisition of …