Sintana Energy has entered into a letter of intent (LoI) providing a period of exclusivity to evaluate an investment that would give the company an indirect interest in offshore Namibian license PEL 37 in the Walvis Basin.Under the agreement, Sintana will have exclusivity until April 30, 2026 to conduct technical, commercial and legal due diligence on PEL 37 and its current holder, Paragon Oil and Gas…
Chevron plans to close a deal to sell its oil refining and distribution assets in Singapore in the first quarter of the year as it engages in a final round of talks with Japanese refiner Eneos and Glencore, four sources with knowledge of the matter said…
Turkish Petroleum is in talks with Chevron to jointly explore oil and gas, Bloomberg News reported on Tuesday, citing a Turkish official familiar with the discussions.Turkey's state energy company would work with Chevron on seismic studies and drilling…
Japan’s Inpex will resubmit an environmental plan for its proposed 8 million metric ton-per-year Bonaparte carbon capture and storage (CCS) project off the north coast of Australia, a company spokesperson told Reuters on Tuesday.On Sunday, the…
Kazakh oil producer Tengizchevroil, led by Chevron, said on Monday that it had temporarily halted production at the Tengiz and Korolev oilfields after an issue affected power distribution systems.The statement came a day after Kazakhstan's state…
Chevron and its partners in the Leviathan natural gas reservoir have reached a Final Investment Decision (FID) to expand the production capacity of the strategic Leviathan production platform located offshore Israel.The Leviathan expansion project…
The U.S. Treasury Department on Wednesday extended a license by more than a month - until February 28 - for companies to talk with Russian energy company Lukoil about buying its foreign assets.President Donald Trump imposed sanctions on Lukoil and Rosneft…
Venezuela's state oil company has begun reopening some of the wells it and its joint venture partners had shut amid a strict U.S. embargo, as crude exports resume with two shipments departed on Monday, three sources close to operations said…
U.S. oil producers already reeling from low oil prices are facing renewed pressures, as President Donald Trump pushes them to boost output in Venezuela - a move that would weaken the oil market, cut revenues and hurt industry at home.Trump has…
Oil major Chevron Corp, global trading houses Vitol and Trafigura, and other firms are competing for U.S. government deals to export crude oil from Venezuela, according to sources familiar with the matter.The competition reflects a desire by…
U.S. oil major Chevron and private equity group Quantum Energy Partners are teaming up to bid for the international assets of Russian oil major Lukoil, which are valued at $22 billion, the Financial Times reported on Wednesday.“Chevron has a…
Shell has agreed to buy stakes in two undeveloped offshore blocks in ultra-deep waters offshore Angola from Chevron, the European energy major said on Tuesday.European oil majors have said they will spend billions in Angola, Sub-Saharan Africa's second-largest crude oil producer after Nigeria…
Chevron has delivered first oil from its South N’dola platform offshore Angola, marking a major project milestone just over two years after construction began.Located in Block 0, which accounts for around 12% of Angola’s daily energy output…
U.S. President Donald Trump is giving U.S. energy companies the opportunity to revive Venezuela’s massive, derelict oil industry. It’s an offer they may want to refuse.After the U.S. military’s ouster of Venezuelan President Nicolas Maduro at the weekend…
Four oil executives who are familiar with the situation say that the Trump administration didn't consult Exxon Mobil, ConocoPhillips or Chevron about Venezuela either before or after U.S. forces captured Venezuelan president Nicolas Maduro on Jan…
