Iran war: US backs Iraq-Syria pipeline revival to reduce Hormuz oil risk
The restoration of the 800km pipeline has emerged as a strategic priority after the Iran conflict exposed the vulnerability of the Gulf’s main energy corridor...
Tag : Chevron
ExxonMobil announces major investments in Nigeria and Cyprus offshore projects
ExxonMobil will be returning to drilling operations in Nigeria after nearly a decade, with its last campaign in the African country conducted in 2016...
Japan’s Eneos Holdings to buy Chevron’s 50% stake in SRC
As per Eneos, the deal, which includes Chevron's assets in Vietnam, Australia, the Philippines and Malaysia, is expected to close in 2027...
USD 50 billion loss in 50 days: Iran war upends oil and gas flow
Gulf countries lost about eight million barrels per day of crude production in March, nearly equivalent to the combined production of Exxon Mobil and Chevron...
Chevron, Exxon expect windfall due to higher crude prices
Chevron is now expecting a USD 1.6 billion boost to USD 2.2 billion to its first-quarter upstream earnings versus the fourth quarter of 2025...
Can US energy sector go “Drill, Baby, Drill?”
Energy majors in the US have spent large amounts in increasing their oil and gas production in recent years...
Iraq to finalise sale of Exxon’s stake in the West Qurna-1 oil field by June
Exxon to sell its 32.7% stake in the oilfield...
Bahrain awarded 134 oil tenders worth $733.8 mn in 9 months
Overall Bahrain issued 1022 tenders during the first nine months of 2020...
Alen gas project to commence in early 2021
Noble Energy’s Alen natural gas development project is preparing to commence early next year, a local media reported. The project is located on the offshore of Equatorial Guinea. It is reported that the project’s pipeline installation covers 43 miles. Also, it has the capacity to transport 950 million cubic feet of natural gas each day. This...
Trump, US oil companies to discuss tariffs on Saudi oil
CEOs of Exxon Mobil, Chevron, and Occidental Petroleum are set to meet Trump at the White House...