According to Reuters, PDVSA is shutting in wells and joint ventures as a US oil embargo freezes exports, fills storage, disrupts Russian diluent supplies and raises risks for refining and fuel markets.
Chevron is investing $2 billion in the Gorgon Stage 3 backfill project to connect the Geryon and Eurytion gas fields to Gorgon’s existing infrastructure, sustaining production for domestic and international markets.
Egypt has opened a four-block offshore licensing round in the Red Sea, inviting bids until May 2026 under a new R-factor-based production-sharing model.
Allseas will install the 150 km, 24-inch Rome Pipeline for Shell and Chevron’s joint venture, enhancing oil transport capacity and efficiency in the U.S. Gulf.
ABL has been awarded a contract by Chevron to provide marine warranty survey and third-party support services for wellhead platform installations and rig moves in the Gulf of Thailand.
