Chevron

The deal is expected to add over $1 billion in annual free cash flow to Chevron’s bottom line.

The operator had been in communication with government about the future of the permits since 2020.

The nation set to offer 14 offshore blocks in April.

The appraisal results are not enough to push development forward.

This paper describes how a surveillance, analysis, and optimization plan was used to resolve subsurface uncertainties and optimize a reservoir development plan and provides lessons learned and best practices.

Chevron is "encouraged and excited" after drilling its first successful exploration well in the Eastern Mediterranean block.

Crude output from the country is now less than 15,000 B/D.

Denbury acquires carbon-storage land in the South, Baker Hughes forms a new wells consortium, and Chevron and BP expand their investments. Hydrogen takes center stage across the globe, while the international energy transition makes strides toward its goals.

The two companies said they will work together to try to find the best places to develop geothermal energy and advance the necessary technologies to commercial scale.

Chevron and Occidental plan to launch separate projects to help secure the commercial future of geothermal development in the US.