Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, January 27th 2026 - 23:11 UTC

Tag: Chevron

  • 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.

    Add your comment!
  • 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.

  • Tuesday, July 21st 2020 - 08:53 UTC

    Chevron buys Noble Energy in a US$ 5 billion all stock deal

    Noble’s assets will expand Chevron’s presence in the DJ Basin of Colorado and the Permian Basin across West Texas and New Mexico

    Chevron said Monday it would buy Noble Energy in a US$ 5 billion all-stock deal, bolstering its shale presence as a plunge in crude prices have made assets cheaper. The deal, the largest in the U.S. energy sector this year, comes more than a year after Chevron abandoned its offer for Anadarko Petroleum, outmaneuvered by Occidental Petroleum higher bid.

  • Wednesday, October 16th 2019 - 07:27 UTC

    Brazil eyes a US$1.45 billion payday as big oil flocks to pre-salt

    The auction will offer an area in the pre-salt zone that contains an estimated 15 billion barrels of crude

    Brazil expects to pocket some US$ 1.45 billion from the sixth round of oil and gas block licensing for the pre-salt zone offshore. Reuters reports, citing the special secretary to the Economy Ministry, Waldery Rodriguez, that the total minimum sum of signing bonuses for all the blocks that will be tendered on November 7th is US$ 1.9 billion.

  • Tuesday, October 1st 2019 - 09:47 UTC

    Brazil's newest oil auction attracting oil majors

    Brazil expects the transfer of rights auction that will be held on November 6 to bring in US$ 25 billion in licensing fees

    Brazil’s newest oil auction is attracting some of the world’s biggest oil majors such as BP, Chevron, CNOOC, ExxonMobil, and Shell, the Brazilian government said on Monday, according to Bloomberg.

  • Friday, May 3rd 2019 - 09:14 UTC

    Chevron completes purchase of controversial Petrobras refinery in Houston

    Chevron put the transfer of the plant’s ownership on hold on April telling Petrobras it had to prove the refinery would operate as promised

    Chevron Corp completed a US$ 350 million purchase of a refinery in the Houston suburb of Pasadena, Texas, from Brazil’s Petrobras, Chevron said in a statement. The sale was agreed to in January, but Chevron put the transfer of the 112,229-barrel-per-day plant’s ownership on hold on April 2, telling Petrobras it had to prove the refinery would operate as promised.

Previous