Shell and Chevron have signed a non-binding agreement with Ghana for production rights to the South Deepwater Tano Cape Three Points oil and gas block, as the West African country seeks to attract investment and reverse declining petroleum output.
Chevron has reached new agreements with Venezuela covering its joint ventures, unlocking plans for more than $7 billion in investment over five years and production growth to about 600,000 barrels per day, supported by additional Orinoco Belt acreage and lower costs.
Equinor has signed an agreement with Harmattan Energy, a Chevron subsidiary in Namibia, to acquire a 17.4 per cent participating interest in Petroleum Exploration Licence 90 (PEL 90) in the Orange Basin offshore Namibia.
Chevron Corporation, through its subsidiary Cabinda Gulf Oil Company Limited (CABGOC), has confirmed an oil and gas condensate discovery at the 105-4X exploration well in Block 0, offshore Angola.
Chevron and Microsoft have agreed to develop a 2.67 GW natural gas-powered facility in West Texas to supply a Microsoft data centre. Project Kilby aims to become one of the largest co-located power and data centre projects in the US.
QatarEnergy has acquired stakes in three offshore Uruguay exploration blocks from Shell’s BG International, including 18 per cent in OFF-4, 30 per cent in OFF-2, and 30 per cent in OFF-7, strengthening its partnership with Shell, Chevron, and APA Corporation across key exploration assets.
Chevron’s Africa operations highlight the gap between sustainability commitments and real impact, emphasising community investment, environmental protection, workforce development and local economic participation across Nigeria, Angola and the wider region.
Chevron Corporation announced an organic capital expenditure range of $18 to $19 billion for consolidated subsidiaries (capex) for 2026, at the low-end of the long-term guidance range of $18 to $21 billion. Affiliate capital expenditure (affiliate capex) is expected to be $1.3 to $1.7 billion for 2026.
BP, Woodside Energy and Chevron led the first US Gulf of Mexico oil and gas lease sale since 2023, securing top bids in an auction raising $279.4 million—about $100 million less than 2023—yet achieving the highest per-acre bids since 2017, according to Reuters analysis findings.
