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MercoPress, en Español

Montevideo, April 18th 2026 - 20:37 UTC

Tag: Chevron

  • Monday, April 13th 2026 - 21:37 UTC

    Venezuela expands Chevron operations in Orinoco Belt following hydrocarbon reform

    The agreement is part of an asset restructuring in which Chevron is prioritizing its presence in extra-heavy crude while returning a marine gas field to the Venezuelan state

    Venezuela's government on Monday signed an agreement expanding US oil company Chevron's operations in the country, weeks after a hydrocarbon reform opened the sector to private and foreign investment. The signing ceremony took place at the Miraflores presidential palace in Caracas.

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  • Wednesday, April 8th 2026 - 21:11 UTC

    QatarEnergy and Chevron join Shell in Uruguay's offshore oil exploration

    Uruguay's offshore area encompasses more than 25,000 square kilometers of mapped territory, divided into seven blocks designated OFF-1 through OFF-7

    QatarEnergy and Chevron have formally entered as non-operating partners in offshore hydrocarbon exploration blocks off Uruguay's coast, in areas operated by Shell, state energy company Ancap announced. The incorporation of two of the world's largest energy companies reinforces international interest in Uruguay's offshore petroleum potential, a frontier exploration area that has gained prominence over the past two years.

  • Monday, March 16th 2026 - 00:50 UTC

    Former Chevron executive told CIA the opposition would struggle to control Venezuela

    Moshiri’s position aligned with a central concern in Washington: avoiding a power vacuum in a country where much of the institutional structure remained under chavista influence

    Ali Moshiri, Chevron’s former top executive for Venezuela and a longtime Washington interlocutor on energy matters, warned the CIA before Nicolás Maduro’s ouster that a direct handover of power to the opposition led by María Corina Machado could produce an unstable transition because she lacked control over the security apparatus and the state’s real power centers, according to a report published on Sunday. In that assessment, Moshiri recommended that the United States back Delcy Rodríguez as the more viable figure to manage the immediate succession.

  • Saturday, February 28th 2026 - 01:29 UTC

    Uruguay approves offshore 3D seismic survey for oil exploration, sets marine safeguards

    The clearance comes amid criticism from environmental and coastal groups that have pursued legal challenges and street protests against seismic surveying

    Uruguay’s Environment Ministry on Friday granted operational authorization for a 3D seismic survey in its jurisdictional waters, in an offshore block operated by Chevron, with a specialized vessel already in position and work planned through the end of April.

  • Tuesday, January 27th 2026 - 09:55 UTC

    Delcy Rodriguez meets Repsol, Chevron and Shell as Venezuela pushes oil law overhaul to draw investment

    Rodriguez said the draft is a “sovereignty-respecting” framework aimed at turning Venezuela into a “giant producer” of hydrocarbons with private investment

    Venezuela’s acting president Delcy Rodriguez met on Monday in Caracas with representatives of oil companies including Repsol, Chevron and Shell to discuss a hydrocarbons law reform now moving through the National Assembly, as her government seeks to attract private and foreign investment. The meeting took place at PDVSA facilities and forms part of a mandatory public consultation phase after the bill cleared its first legislative debate.

  • Monday, December 22nd 2025 - 10:34 UTC

    Venezuela: Chevron tanker departs for Texas

    One tanker was seized on Saturday, and another one was being chased on Sunday by US forces

    The Canopus Voyager, a tanker operated by US energy giant Chevron, departed Venezuelan waters on Sunday carrying 500,000 barrels of crude oil destined for Texas. The shipment proceeds despite an aggressive campaign by the President Donald Trump administration to intercept Venezuelan oil exports in international waters.

  • Friday, July 25th 2025 - 10:03 UTC

    Chevron cleared to resume Venezuelan operations

    Chevron had stopped producing crude oil in May in compliance with a White House decision

    President Nicolás Maduro confirmed on Thursday that US oil company Chevron has been authorized to fully resume its operations in Venezuela after months of suspension due to Washington's sanctions.

  • Monday, March 10th 2025 - 10:45 UTC

    Trump's sanctions cut off all comunication lines, Maduro claims

    Maduro takes on Western powers as a common threat to build up unity around him

    Venezuelan President Nicolás Maduro criticized US President Donald Trump's decision to revoke Chevron's license to operate in the South American country, claiming it disrupted communication channels and hindered the repatriation of irregular migrants.

  • Tuesday, October 24th 2023 - 08:36 UTC

    Big news in oil industry: Chevron takes over Hess Corporation in a US$ 53 billion transaction

    Under the terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron for each Hess share.

    Chevron Corporation (NYSE: CVX) announced on Monday that it has entered into a definitive agreement with Hess Corporation (NYSE: HES) to acquire all of the outstanding shares of Hess in an all-stock transaction valued at US$ 53 billion, or US$ 171 per share based on Chevron’s closing price on October 20, 2023. Under the terms of the agreement, Hess shareholders will receive 1.0250 shares of Chevron for each Hess share. The total enterprise value, including debt, of the transaction is US$ 60 billion.

  • Wednesday, January 4th 2023 - 21:45 UTC

    Chevron activities picking up pace in Venezuela

    Chevron used to operate on a limited basis in Venezuela due to former President Donald Trump's sanctions

    The first shipment of Venezuelan crude oil to a US refinery in quite a while is about to set sail, it was reported in Caracas. Oil producer Chevron is to send the oil to its Pascagoula, Mississippi, refinery after obtaining a US license in 2022.

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