Unlike most governments in the economically developed Western world, Indonesia’s leaders are crying out for more upstream oil and gas investment. However, even as demand is projected to rise up to four times by 2050, Southeast Asia’s biggest economy is struggling to convince energy investors to come.
Chevron and partners have signed up to develop the Aphrodite field, offshore Cyprus, with drilling due to start in the first half of 2023, while political talks are continuing.
Chevron (NYSE:CVX) confirmed that its wholly owned subsidiary, Chevron New Ventures, has entered into a memorandum of understanding (MOU) with India’s Oil and Natural Gas Corporation (ONGC) to assess the exploration potential across a number of basins in India, the company told Energy Voice.
US giant Chevron (NYSE:CVX) has confirmed that it has been granted stakes in three permits to potentially access carbon storage offshore Australia.
Chevron is in discussions to enter Namibia’s offshore, Minister of Mines and Energy Tom Alweendo has said.
Australia’s Santos (ASX:STO) and US giant Chevron (NYSE:CVX) have committed to spending around A$200 million (US$136 million) to assess the geological potential for carbon capture and storage (CCS) projects offshore Australia after winning two greenhouse gas (GHG) acreage permits.
A Woodside-led (ASX:WDS) joint venture that includes BP (LON:BP), Shell (LON:SHEL), Chevron (NYSE:CVX), as well as Japan’s Mitsubishi and Mitsui, have been awarded greenhouse gas (GHG) permit G-10-AP in the northern Carnarvon basin offshore Western Australia, as they pursue a potential CCS project.
Shell, ExxonMobil, Chevron and Equinor plan to withdraw multibillion-dollar lawsuits against Nigeria’s state energy company after finalizing new terms for deep-water oil production in Africa’s largest crude producer.
Chevron and partners are keen to increase gas exports to Israel’s neighbours and have made a bid to secure all capacity in a proposed pipeline to Egypt.
Indonesian upstream regulator SKK Migas appears to be getting frustrated over the slow divestment process for Chevron’s (NYSE:CVX) share in the giant Indonesia Deepwater Development (IDD).
Nigerian National Petroleum Corp. (NNPC) has renewed licences with leading international companies in the deepwater in a move expected to unlock new investments.
Six oil and gas fields in the Gulf of Mexico have been shut after a leak at a Louisiana booster station halted two pipelines in the region.
Analysts reckon Jadestone Energy (LON:JSE) has its sights set on acquiring a bigger share of the producing North West Shelf oil fields offshore Western Australia that are currently operated by Woodside Energy (ASX:WDS). Ultimately, Singapore-based Jadestone will be seeking operatorship to maximise profitability, the analysts told Energy Voice.
Exxon Mobil and Chevron posted their highest-ever profits, reaping the rewards from surging commodity prices amid supply disruptions and rising demand.
A group of foreign investors in Angola have taken the final investment decision (FID) on the New Gas Consortium, paving the way for more gas deliveries to the Angola LNG plant.
Big Oil is poised for a record-breaking $50 billion profit in the second quarter, but the industry’s stellar performance could contain the seeds of its own decline.
Energy giant BP has confirmed plans to fund a new gas pipeline at the Sullom Voe terminal.
A Chevron team has visited Cyprus today to talk about developing the Aphrodite field, in the island’s exclusive economic zone (EEZ).
An explosion this morning at Kazakstan’s Tengiz oilfield has killed at least two workers, according to local reports.
Thailand’s upstream natural gas sector is struggling to reverse falling output due to bad planning and policy from the government, coupled with a seeming lack of innovation at PTT Exploration & Production (BKK:PTTEP), a state-backed company, that is taking increasing control of the country’s gas resources.
Chevron (NYSE:CVX) plans to spend about $2.5 billion building up its hydrogen business this decade as the oil major accelerates investment in low-carbon technologies.
Wood has signed a global master services deal with US oil giant Chevron.
Philippine billionaire Enrique Razon will acquire a controlling stake in businessman Dennis Uy’s Malampaya gas project, in a move that may help extend the life of a field that fuels some of the nation’s biggest power plants. Significantly, Shell is also in the process of trying to divest its share of Malampaya.
Thailand’s dependence on imported liquefied natural gas (LNG) continues to expand despite soaring global prices. Significantly, the increasing demand for LNG is being exacerbated by production declines across ageing domestic fields, particularly Erawan.
Chevron has sanctioned the Ballymore development, a 150 million-barrel oil field in the US Gulf of Mexico.