Page 6 - Michael Wirth News Today

No longer a by-product

Chevron Corp. will continue to pursue expansion plans for natural gas developments in Israel despite the conflict thats erupted there.

The company hasn’t changed its mind on expansion, in particular, at its giant Leviathan field, which has helped Israel gain energy independence and turn into an exporter of the vital fuel, Colin Parfitt, Chevron’s Vice President for Midstream, said in an interview in London.

Chevron agreed to buy US rival Hess for $53 billion in stock in a deal that reflects top US energy companies drive for oil and gas assets in a world s

Guyana’s oil production is on course to triple to 1 MMbpd by the end of the decade, a rapid expansion for a field that pumped its first barrel at the end of 2019.

Recent deals a financial flex by US oil, gas firms that keep investing in fossil fuels

The union of Hess, PDC, and Noble is projected to propel Chevron's total oil and gas output to an impressive 3.7 million barrels per day (bpd).

Chevron agreed to buy rival Hess for $53 billion in stock in a deal that reflects top U.S. energy companies drive for oil and gas assets in a world seeking lower-risk future fossil supplies and higher shareholder returns.

HOUSTON - Chevron Corp agreed to buy Hess for $53 billion in stock to gain a bigger U.S. oil footprint and a large stake in rival Exxon Mobil Corps massive

The combined companies Chevron and Hess expect to generate about $1bn in cost synergies within a year of its closing