Chevron Corporation (NYSE: CVX) has solidified its hold in the U.S. basins by successfully finalizing the acquisition of PDC Energy, Inc. (NASDAQ: PDCE) at a price tag of $7.6 billion. The acquisition, celebrated by both PDC Energy shareholders and Chevron, marks an expansion of Chevron’s strategic assets with the addition of a whopping 275,000 net […]
Italian energy company Eni has announced a significant acquisition of Chevron’s interests in the offshore Indonesian Blocks Ganal PSC, Rapak PSC, and Makassar Straits PSC, located in the Kutei Basin, East Kalimantan. Eni will become the operator of these blocks, where it already holds a 20% non-operating interest in Ganal and Rapak. The purchase marks […]
Chevron Australia and the Gorgon joint venture (JV) participants, announced the production of the first gas from the Gorgon Stage Two development located off the northwest coast of Western Australia. This milestone achievement marks a significant expansion of the existing subsea gas gathering network of the Gorgon Project, the largest single resource project in Australia’s […]
Chevron Corporation has signed an all-stock deal to acquire PDC Energy, a Nasdaq-listed oil and gas exploration and production company, for a consideration of $7.6 billion. The deal values PDC Energy at $72 per share, including debt of $1.3 billion. In accordance with the agreement, PDC Energy’s shareholders will receive 0.4638 shares of Chevron for […]
Pertamina Power Indonesia, Keppel Infrastructure, and Chevron will explore the feasibility of developing green hydrogen and green ammonia projects in Indonesia by leveraging renewable energy situated in Sumatera. To this effect, the companies have signed a joint study agreement (JSA) at the Business 20 (B20) Investment Forum held parallelly with the B20 Summit in Bali. […]
Chevron U.S.A. Inc., a subsidiary of Chevron, and Iwatani Corporation of America (ICA), a fully-owned subsidiary of Iwatani are joining forces to co-develop and build 30 hydrogen fueling stations in California by the year 2026. Iwatani is a Japan-based industrial gases company and an integrated supplier of hydrogen. Under the terms of the agreement, Chevron […]
Valaris Limited has bagged a three-year contract from Chevron for the use of its Valaris Relentless drillship (VALARIS DS-18 drillship) in the US Gulf of Mexico. The Bermuda-based offshore drilling services provider said that the contract is likely to come into effect in Q1 2022 in direct continuation of the existing contract. The contract value […]
Worley has won an engineering and procurement services contract from Chevron to deliver brownfield modification services for a subsea tieback to one of the latter’s deepwater production facilities in the Gulf of Mexico. According to the Australian engineering services company, the project will set up a subsea tieback development scheme for the Ballymore field, which […]
Noble Energy said that its shareholders have approved the company’s pending all-stock merger worth $5 billion with rival US oil and gas company Chevron. The company’s shareholders also approved other proposals pertaining to the merger at its special meeting of shareholders. Noble Energy and Chevron expect to wrap up their merger early in Q4 2020. […]
Chevron acquisition of Noble Energy : Chevron has signed all-stock deal worth $5 billion for acquiring rival US oil and gas company Noble Energy in a move to consolidate its position in the Eastern Mediterranean Sea. Including debt, the total consideration for the acquisition is $13 billion. Noble Energy is currently engaged in operating a […]