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Chevron to acquire rival US oil and gas company Noble Energy for $5bn

Chevron to acquire rival US oil and gas company Noble Energy for $5bn

Chevron acquisition of Noble Energy : Chevron has signed all-stock deal worth $5 billion for acquiring rival US oil and gas company Noble Energy in a move to consolidate its position in the Eastern Mediterranean Sea. Including debt, the total consideration for the acquisition is $13 billion. Noble Energy is currently engaged in operating a […]

St. Malo oil field : Subsea 7 bags subsea installation services contract

St. Malo oil field : Subsea 7 bags subsea installation services contract

UK subsea contractor Subsea 7 has bagged a subsea installation services contract from Chevron U.S.A for the St. Malo oil field in the US Gulf of Mexico as per the latest upstream oil and gas news. Chevron and its partners MP Gulf of Mexico (jointly owned by Murphy Oil and Petrobras America), Equinor Gulf of […]

Anchor Oil Field Gulf of Mexico : Chevron, Total take FID on deepwater project

Anchor Oil Field Gulf of Mexico : Chevron, Total take FID on deepwater project

Chevron and Total are set to go ahead with stage 1 development of the Anchor Oil Field Gulf of Mexico, offshore Louisiana, having taken a final investment decision (FID). The two oil and gas giants will invest nearly $5.7 billion for the phase 1 development of the US offshore oil field. Located approximately 225kms from […]

Chevron sanctions waterflood oil recovery project in St Malo oil field

Chevron sanctions waterflood oil recovery project in St Malo oil field

Chevron and its partners have agreed to move ahead with a waterflood oil recovery project in the St Malo oil field in the US Gulf of Mexico. The St Malo oil field, which is located about 280 miles south of New Orleans in Louisiana, has an estimated production life of another 30 years. The waterflood […]

US government extends Chevron license to operate in Venezuela

US government extends Chevron license to operate in Venezuela

US energy firm Chevron has been allowed to drill oil and gas in Venezuela, despite US sanctions on the country. The licence for Chevon has been extended by the Trump administration for three months in the country that is on the brink of economic and political collapse. With the extension, the licence will expire on […]