Tag: Chevron
Chevron moves deeper
Chevron has made a technological breakthrough by producing first oil from a Gulf of Mexico field under extreme underwater pressure. The $5.7 billion Anchor project opens an era of production in deepwater areas, which have long remained inaccessible due to the lack of equipment capable of withstanding pressures of up to 20,000 psi. Chevron and…
QatarEnergy Buys Stake from Chevron
QatarEnergy has announced the purchase of a 20 percent stake from Chevron, a US energy company, in offshore Suriname. Under the agreement, Chevron will remain the operator with a 40 percent stake, while Paradise Oil Company, a subsidiary of Suriname-based Staatsolie, will receive the remaining 40 percent. Block 5 is located in the western part…
Chevron to Exit English North Sea After Over Five Decades
Chevron Corp., one of the largest U.S. oil corporations, has announced its plans to divest its assets in the English North Sea. The American oil giant has operated in this region for more than 55 years, as reported by the Financial Times. This move is part of a strategic shift following a comprehensive review of…
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