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Tag: Chevron
Chevron

Chevron signs agreement to drill first its exploration well in Egypt’s Mediterranean

Posted: June 22, 2022 at 11:19 am   /   Oil & Gas

US energy company Chevron is planning to drill the first exploration well in its concession area in the eastern Mediterranean next September, the firm’s president Mike Wirth said.  The move comes as the Egyptian Natural Gas Holding Co., or EGAS, signed an initial agreement with the US company to cooperate in the activities of transporting, […]

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Corinth Pipeworks

New major offshore East Med project awarded to Corinth Pipeworks

Posted: April 22, 2021 at 2:03 pm   /   Oil & Gas

Cenergy Holdings SA has announced that Corinth Pipeworks S.A., its steel pipe segment, signed an agreement to manufacture and supply steel pipes to Israel Natural Gas Lines (INGL), leader in natural gas distribution in Israel, for the offshore section of a new high-pressure gas pipeline between the cities of Ashdod and Ashkelon. Chevron, having recently […]

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Hart Energy: ExxonMobil, Chevron CEOs reportedly discussed a merger last year

Posted: February 1, 2021 at 1:36 pm   /   Oil & Gas

If true, the combination of Exxon Mobil and Chevron would form the world’s second largest oil company by market cap and production, second in both measures to Saudi Aramco. The CEOs of Exxon Mobil Corp. and Chevron Corp. spoke last year about combining the two U.S.-based oil giants, the Wall Street Journal reported Jan. 31 […]

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Chevron invests $235 million in Leviathan/Tamar to Egypt gas pipeline

Posted: January 23, 2021 at 8:15 pm   /   Oil & Gas

Chevron Corp. and other companies helping to develop Israel’s natural gas fields will invest around $235 million in pipelines to export the fuel to Egypt. The partners in the Leviathan and Tamar fields, which sit off Israel’s Mediterranean coast, signed an agreement under which Israel Natural Gas Lines Ltd. will lay a new subsea pipeline […]

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Egypt signs Oil & Gas Exploration Agreements worth $1 billion

Posted: January 3, 2021 at 12:55 pm   /   Oil & Gas

Egypt said it signed new agreements involving investment of about $1 billion to search for oil and natural gas in parts of the Mediterranean and Red Sea. The deals are with six international and local companies including Exxon Mobil Corp. and Chevron Corp., the state-run Middle East News Agency reported Friday, citing a statement from […]

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Noble Energy shareholders approve merger with Chevron in $13 billion deal

Posted: October 5, 2020 at 12:42 pm   /   Oil & Gas

Noble Energy has announced that shareholders of the Company approved the pending merger with Chevron and all other proposals related to the Merger at Noble Energy’s Special Meeting of Shareholders held October 2. Noble Energy anticipates providing final vote results for the Special Meeting, as certified by the independent Inspector of Election, on a Form […]

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MEES Chevron

MEES: Chevron arrows in on East Med with $5bn Noble Energy takeover

Posted: July 28, 2020 at 2:52 pm   /   Oil & Gas

US major Chevron is expanding in the “prolific Eastern Med” with the $5bn acquisition of compatriot Noble Energy. The highlight of the deal is a 40% operator’s stake in the region’s largest gas field, Israel’s 23tcf Leviathan. Just six months after dipping its toe into the East Mediterranean with its first Egypt block, US major […]

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Chevron agrees to acquire Noble Energy in $13 billion deal

Posted: July 21, 2020 at 3:07 pm   /   Oil & Gas

Chevron has entered an agreement to acquire Noble Energy under an all-stock transaction valued at $13 billion. Noble will add low-cost, proved reserves and attractive undeveloped resources to the group’s upstream portfolio, including low-capital, cash-generating assets offshore Israel, strengthening Chevron’s position in the Eastern Mediterranean. Offshore West Africa, Noble has producing interests in Equatorial Guinea […]

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MEES West Med

MEES: Egypt bags all five Supermajors with key West Mediterranean awards

Posted: July 11, 2020 at 11:32 pm   /   Oil & Gas

Full House: Latest Awards Mean All Five Supermajors Have Signed Up For Egypt’s Virgin West Med Acreage Global exploration pullback? Not in Egypt with Chevron, Shell, Total and BP joining Exxon in bagging key frontier West Mediterranean acreage. Cairo moved closer this week to officially announcing the award of at least six offshore blocks located […]

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Egypt’s House of Representatives approves 12 Oil & Gas E&P Agreements

Posted: July 7, 2020 at 8:11 pm   /   Oil & Gas

The Egyptian oil minister, Tarek el Molla, has announced the signing of 12 agreements with international companies for the search for oil and gas in the Red Sea, in the Western Desert and in the exclusive economic zone (EEZ) in the eastern and western Mediterranean with investments up to to a billion dollars and signing […]

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