(By Oil & Gas 360) – A decade ago, Guyana wasn’t part of the global oil conversation. Today, it’s one of the most important new sources of supply in the world. Few countries have moved from discovery to production as quickly or as successfully. What started as a high-risk exploration play has become a case study in how modern oil development can
(By Oil & Gas 360) – Two countries. Two frontier basins. Two very different stages of the same story. Guyana and Namibia are now central to the next wave of global oil supply. Both have delivered major discoveries, attracted the world’s largest oil companies, and reshaped the flow of capital into frontier exploration. But beyond the surface similarities, they represent very
(BOE Report) – The heads of the U.S. Interior and Energy Departments will hold a call on Thursday with CEOs from energy companies including Exxon and Chevron on their potential to boost oil and gas output, an administration official said, as the Iran war hikes global energy prices. The prices, which are returning to levels seen during the aftermath of Russia’s
(Investing) – Chevron said on Thursday its upstream earnings were expected to rise by $1.6 billion to $2.2 billion in the first quarter versus the fourth quarter of 2025, driven by surging oil and gas prices from volatility linked to the Iran war. The conflict, which began on February 28, sent oil prices skyrocketing as much as 65%, with some oil and
(BOE Report) – Israel’s offshore Leviathan gas field will resume operations after a month-long war shutdown, the Israeli energy ministry said on Thursday. The field, operated by Chevron, has been shut down since the U.S. and Israel launched attacks on Iran on February 28. “Following situation assessments and a review of all relevant considerations, it has been decided at this stage
(Oil Price) – Chevron, Microsoft, and Engine No. 1 are negotiating a team-up for a multi-billion power plant in West Texas intended to power a huge data center campus, in the latest energy deal to power AI infrastructure. “Chevron, Microsoft, and Engine No. 1 have entered into an exclusivity agreement related to a proposed power generation and electricity offtake arrangement,” the
(Oil Price) – Chevron has declared force majeure at Israel’s Leviathan natural gas field after the government ordered a temporary suspension of production on security grounds, marking the second time in less than a year that hostilities with Iran have disrupted Eastern Mediterranean gas flows. Israel’s energy ministry directed operator Chevron to shut in Leviathan following joint U.S.-Israeli strikes on Iran
(BOE Report) – HOUSTON–(BUSINESS WIRE)–Chevron Corporation (NYSE:CVX) today announced several senior leadership changes. Frank Mount, President, Corporate Business Development, will retire from Chevron in November 2026 after 33 years of service. Mount has led the company’s global business development activities since 2023. “Throughout his career, Frank has contributed significantly to the success of Chevron,” said Chevron Chairman and CEO Mike Wirth. “I’m
(Oil Price) – Chevron Corporation (NYSE: CVX) reported on Friday consensus-beating earnings for the fourth quarter as it pledged to boost presence in Venezuela, where it is currently the only U.S. company authorized to operate. Chevron reported today adjusted earnings of $3.0 billion, or $1.52 per share, for the fourth quarter of 2025. While the profit was lower compared to the same period
(Oil Price) – A joint venture operated by U.S. supermajor Chevron has made an oil and gas discovery offshore Nigeria as international majors bolster exploration amid the top African producer’s efforts to boost hydrocarbon output and offer more favorable terms for investments. The Nigerian National Petroleum Company Limited (NNPC Ltd) on Monday commended Chevron Nigeria Limited (CNL), operator of the NNPC Ltd/CNL
(Oil Price) – U.S. President Donald Trump supervises the release of funds from sales of Venezuela’s oil, an official at the U.S. Administration told Semafor on Thursday. Following the capture of Venezuelan leader Nicolas Maduro early this month, President Trump moved to create a fund to hold revenues from sales of Venezuela’s oil. The money is being held in U.S. accounts and released at the
(World Oil) – President Donald Trump signaled he’s leaning toward excluding ExxonMobil from his push for U.S. oil majors to rebuild Venezuela’s petroleum industry, saying he was displeased with the company’s response to his initiative. “I’d probably be inclined to keep Exxon out,” Trump told reporters late Sunday aboard the presidential plane on the way back to Washington from his
