151 articles
US Gulf producers halted 1.5 million barrels daily of oil and 1.3 billion cubic feet of gas as Hurricane Isaias approaches. Major firms including BP and Chevron evacuated platforms, disrupting nearly
Oil prices surged 5% to $105.3 per barrel amid escalating Middle East tensions and Hurricane Isaias disrupting Gulf of Mexico production. Shell and Chevron halted operations, raising inflation concern
Shell and Chevron are curtailing offshore Gulf of Mexico operations and evacuating personnel as Tropical Storm Isaias approaches, with specific assets like Mars and Olympus being shut in ahead of the
Hurricane Isaias threatens US Gulf Coast oil and gas assets as it strengthens to a Category 2 storm. Chevron is evacuating personnel while nearly 10% of regional oil production remains shut in ahead o
Chevron is transporting non-essential personnel from Gulf of Mexico offshore platforms as a tropical storm approaches the US coast, though production levels remain normal.
Chevron signed agreements with Hess Midstream to restructure Bakken midstream contracts and establish new contracts in the DJ Basin, divesting certain ownership interests in crude midstream assets.
Chevron CEO Mike Wirth warned that US diesel export bans could raise domestic prices and strain alliances, though President Trump rejected the proposal. He also highlighted growing global oil demand a
Chevron CEO Mike Wirth stated that oil and gas market fundamentals are tightening with supply buffers thinning amid the Middle East conflict. He highlighted increased fragility in the energy system an
Chevron appointed New Energies president Jeff Gustavson as CFO, replacing Eimear Bonner who will oversee oil, gas, and refining operations. Both executives are viewed as potential successors to CEO Mi
Chevron CFO Eimear Bonner will become president of its oil, products and gas business, succeeded by Jeff Gustavson as CFO effective January 1, as part of broader leadership changes ahead of CEO succes
Chevron will begin seismic research in Greek offshore blocks by year-end after securing stakes and leases, serving as the preliminary step before potential hydrocarbon test drilling.
Chevron intends to expand its LNG portfolio in Argentina, the Mediterranean, Africa, and Australia to address supply security concerns arising from Middle East conflicts. This strategy aims to diversi
Former Chevron executive Ali Moshiri claims Venezuela’s PDVSA is delaying his $2 billion investment proposal despite US policy support. Meanwhile, Chevron plans to double its Venezuelan output as Mosh
Continental Resources, led by Harold Hamm, plans to announce an investment deal in Venezuela's oil sector at the G20 energy ministers summit. This move supports the Trump administration's efforts to r
Chevron CEO Mike Wirth states supply buffers are exhausted amid Middle East conflict, signaling upward oil price risks. Record diesel prices and constrained refinery capacity indicate sustained price
Major U.S. energy firms including Chevron and ExxonMobil plan to sign agreements with Vietnamese counterparts during leader To Lam's New York visit, amid trade talks and tariff threats.
Energy analyst Dan Pickering warns Venezuela's oil reopening faces high risks despite recent Chevron and Eni deals, stating production recovery requires major investment and won't boost supply in the
U.S. firms are shipping pre-owned oilfield equipment to Venezuela following eased sanctions to revive production, involving majors like Chevron and SLB. However, concerns remain regarding the reliabil
Chevron targets Argentina and the Mediterranean for global LNG expansion to meet energy security demands, while expressing interest in deals in India. The move comes as geopolitical disruptions drive
Chevron plans to self-finance a $7 billion expansion in Venezuela using local crude proceeds, targeting a production increase to over 600,000 barrels per day within five years without external capital
Chevron CEO Mike Wirth warned that depleted oil stockpiles amid geopolitical conflicts could drive crude prices higher soon, while the company plans a $7 billion Venezuela expansion funded internally.
Iraq requests a significant increase in its oil production quota to a 6 million barrels per day baseline during an OPEC+ capacity review. The outcome impacts global market balances and major firms lik
Chevron plans to more than double its oil rigs in Venezuela with a $7 billion investment to boost output to 600,000 barrels per day by 2031. New contract terms include international arbitration rights
A U.S. official stated the government structured its 35% stake in a Venezuelan oil venture using warrants to prevent dilution. The deal involves Pentagon oversight and aims to revive the country's oil
U.S. oil executives worry the Trump administration's deal granting a 35% stake in Venezuela's North American Blue Energy Partners restricts private sector access. Despite separate agreements by firms
Chevron announced a $7 billion investment plan to double oil production in Venezuela to 600,000 barrels daily under a new U.S.-Venezuela agreement. Analysts warn that infrastructure degradation and po
Venezuelan opposition leader Maria Corina Machado stated that only a democratic government can ensure stability for oil investors. Meanwhile, international firms including Chevron and Eni signed deals
Venezuela's oil reserves coming under US control have lifted bond prices ahead of a massive debt restructuring. Chevron and Eni plan major investments to boost crude production, improving prospects fo
Chevron and Shell signed a preliminary agreement to acquire production rights over Ghana's South Deepwater Tano Cape Three Points block. This investment aims to support Ghana's efforts to reverse decl
After two decades, Chevron secured a landmark deal for billions of Venezuelan barrels, targeting 600,000 daily within five years at under $20 per barrel. The deal aligns with a US-led initiative to re
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