The cancellation of a license for Chevron to operate in Venezuela could lead to the negotiation of a fresh agreement between the U.S. producer and state company PDVSA to export crude to destinations other than the United States, sources close to the talks said…
U.S. President Donald Trump on Wednesday said he was reversing a license given to Chevron to operate in Venezuela by his predecessor Joe Biden more than two years ago, accusing President Nicolas Maduro of not making progress on electoral reforms and migrant returns…
Malaysia-based offshore services firm Sapura Energy, through its drilling arm Sapura Drilling, has secured multiple contracts for drilling-related services with oil and gas companies, worth over $720 million.Sapura Drilling won two contracts…
Chevron said on Monday it would reorganize some of its business structures and reshuffle the leadership team, the latest move by the U.S. energy major to simplify its operations.The company has said it would lay off up to 20% of its global workforce by the end of 2026…
Partners in the Israeli Leviathan offshore natural gas project have submitted a multi-billion-dollar plan with the government to significantly expand the field and boost production, one of the partners in the group said on Sunday.NewMed Energy…
Offshore drilling contractor Shelf Drilling has secured a one-year extension with Chevron for its Shelf Drilling Scepter jack-up rig offshore Nigeria.The extension will begin in direct continuation of the rig’s current contract, extending the commitment until July 2026…
Chevron-led consortium, in charge of the development of Aphrodite field offshore Cyprus, has signed a non-binding memorandum of understanding (MoU) with the Egyptian national gas company EGAS for the export of gas from the field to Egypt.The MoU was signed by Chevron-led consortium…
The Cypriot government has approved the updated plan for the Aphrodite gas field, filed by Chevron-led consortium, which will see the construction of a floating production unit (FPU) and a pipeline for exporting gas to Egypt.Following Cypriot government’s approval of the plan…
U.S. oil and gas major Chevron has completed the arm-in agreement with Custos Energy and NAMCOR for PEL 82 in the Walvis Basin offshore Namibia, acquiring an 80% participating interest and operatorship of the development.Following Chevron’s 80% farm-in…
CFE Engineers Asia, a subsidiary of provider of rigging and mooring equipment solutions Franklin Offshore, has completed the fabrication and load-out of 12 suction piles for Chevron’s $4 billion Jansz-lo compression project offshore Western Australia…
French oil major TotalEnergies expects to take a final investment decision (FID) on its Namibian offshore oil discovery in 2026, CEO Patrick Pouyanne said on Wednesday at a press briefing.The development would have a production capacity of 150…
French oil major TotalEnergies beat expectations for fourth-quarter earnings on Wednesday as higher trading profits in the gas market helped it offset some of the impact of low oil prices and weak fuel demand.Adjusted net income for the final three months of 2024 was $4…
ExxonMobil on Friday beat Wall Street's estimate for fourth-quarter profit as higher oil and gas production offset lower oil prices and weaker refining margins.Its adjusted profit was $7.39 billion or $1.67 per share, beating analyst estimates of $1…
Wall Street expects U.S. oil and gas companies to keep a lid on spending in 2025 and keep their focus on generating shareholder returns, despite calls by President Donald Trump to 'drill, baby, drill.'Big Oil begins reporting fourth-quarter results this week…
Kazakh President Kassym-Jomart Tokayev on Tuesday ordered the government to step up talks with international oil majors about an extension of existing production sharing agreements (PSA) on 'better terms'.The central Asian country is one of…
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