Venezuelan oil minister Tareck El Aissami was slapped with United States sanctions in 2017. Chevron will celebrate its 100th anniversary in Venezuela in April 2023. Any revenues made will be used to pay off Chevron’s debt rather than the Maduro government. The Venezuelan government and American oil company Chevron signed a contract in Caracas on … Read more
Chevron Corp (CVX.N) is planning to relocate its global headquarters to a newly leased space in California and sell its existing head office in the state. The U.S oil company will also cover moving costs for employees who opt to shift to its Texas campus. Chevron is expected to shift its headquarters to the new … Read more
US exporters of liquefied natural gas announce agreements to increase supplies to Europe. US exporters are looking to fill the void left by Russia’s withdrawal from LNG imports. Long-term supply agreements have locked up purchases of U.S. gas for future decades. Wednesday, US exporters of LNG announced plenty of agreements to increase supplies to Europe, … Read more
PTTEP, Thailand’s oil and gas company, and Petronas, Malaysia’s oil and gas conglomerate, announced their withdrawal from Myanmar’s Yetagun gas project on Friday. After last year’s military takeover and related charges of human rights violations, big energy corporations such as Chevron and TotalEnergies have left Myanmar. According to a local monitoring group, over 1,800 civilians … Read more
PARIS: The announcements by TotalEnergies and Chevron have swelled the ranks of foreign firms that have quit Myanmar after the February military coup. As the civilian death toll from the military crackdown has surpassed 1,500 people, activists have ratcheted up pressure on foreign firms. Investors piled into the country after the military relaxed its iron … Read more
BANGKOK: The exit of energy titans TotalEnergies and Chevron from Myanmar’s billion dollar gas industry has been hailed by rights groups, but analysts say it will not significantly weaken the generals and may even enrich the military in the short term. Both firms had faced pressure to cut financial links with the junta that toppled … Read more
