HOUSTON: TotalEnergies SE has agreed to acquire a 25% working interest in a portfolio of 40 offshore exploration leases from Chevron Corp. in the U.S. Gulf of Mexico, the company announced Monday. The leases, located on the Outer Continental Shelf, cover approximately 1,000 square kilometers (386 square miles) and are situated 175 to 330 kilometers…
PARIS: TotalEnergies announces the start of production from the deepwater Ballymore field offshore U.S., in which the Company has a 40% interest alongside operator Chevron (60%). Located 120 kilometers off the Louisiana coast and launched in May 2022, Ballymore has a total daily gross production capacity of 75,000 barrels of oil per day and 50…
Chevron Phillips Chemical (CPChem), one of the world’s leading petrochemical companies, announced today that Steve Prusak will become its new president and chief executive officer, effective March 1, 2024. Prusak will replace Bruce Chinn, who will retire after more than 40 years in the energy industry. Prusak is a 30-plus year veteran of the chemical…
HOUSTON: Chevron Corporation has announced a Series A investment in Zap Energy Inc., a Seattle-based start-up company developing a next-generation modular nuclear reactor with an innovative approach to advancing cost-effective, flexible, and commercially scalable fusion. Chevron Technology Ventures’ investment in fusion is an opportunity to enhance the company’s focus on a diverse portfolio of low-carbon…
SAN RAMON: Chevron Australia Downstream Pty Ltd., a wholly-owned subsidiary of Chevron Corporation, announced that it has completed the acquisition from Puma Energy Asia Pacific B.V. of all shares and equity interests of Puma Energy (Australia) Holdings Pty Ltd for the amount of AU$425 million. The acquisition adds a network of more than 360 company-owned…