Leading energy companies have announced a series of major personnel changes, including new appointments to top executive positions at ConocoPhillips, Suncor Energy, Shell, Chevron, and others. These changes affect both global and regional structures within the industry.
British Shell is selling its stake in the Cypriot Aphrodite gas project to Hungary's MOL Group for up to $720 million. The deal is expected to be finalized in early 2027, pending all necessary approvals.
Australian company Woodside Energy has completed the transfer of operational control over key gas assets in the Gippsland Basin, which supplies around 40% of the gas demand on the country's east coast. The company is also involved in new asset swap deals and anticipates further project development amid changes in national gas reservation policy.
Shell has completed drilling the deepest well in the Mediterranean Sea off the coast of Egypt and has discovered signs of oil. The collected data is now being analyzed to assess the commercial potential of the field.
BP and Chevron have evacuated some employees from their facilities in the Gulf of Mexico due to the strengthening of Tropical Storm Beryl. Other operators continue to monitor the situation and are prepared to take action if weather conditions worsen.
В Вашингтоне заключены новые соглашения между Chevron и иракскими компаниями по развитию нефтяных месторождений и восстановлению нефтепровода Ирак–Сирия. Эти шаги могут открыть путь для значительных инвестиций в энергетический сектор региона.
The Japanese corporation Marubeni has sold its stake in the Big Foot oil project to focus on expanding its business in the natural gas sector. The company is increasing its assets in this area, viewing gas as a key element in the energy transition.
Chevron has gained access to key information needed to assess one of Iraq's largest oil fields, West Qurna 2, paving the way for the company to potentially obtain operator rights. The country's authorities are seeking to attract international investment and boost oil production to help revive the economy.
In 2024, Chevron changed its oil supply routes due to military conflicts, shifting its focus to Asian and European markets. The company notes that portfolio diversification has helped it overcome the crisis.
The American company Chevron will invest $13.8 billion in the development of the El Trapial shale block in Argentina, utilizing advanced technologies and benefiting from government support to encourage investment. This project could become one of the largest new investments in the country's energy sector.