The all-stock deal was worth USD 5 billion, while valuing Houston-based Noble at USD 13 billion including debt.
The move will see Chevron expand its presence in several markets, from the East Mediterranean to Texas’ Permian Basin and the Saudi-Kuwait Partitioned Zone.
“This is a cost-effective opportunity for Chevron to acquire additional proved reserves and resources,” Chevron CEO Michael Wirth said. “Noble Energy’s multi-asset, high-quality portfolio will enhance geographic diversity, increase capital flexibility, and improve our ability to generate strong cash flow.”
Saipem has been awarded three new contracts by TotalEnergies EP Angola Block 20 relating to the development of the Cameia… Read More
TotalEnergies announced on Tuesday it has made a FID on the Kaminho deepwater project in Angola Read More
BW Energy has made a substantial oil discovery in the DHIBM-7P pilot well of the Hibiscus field offshore Gabon, the company… Read More
Saudi Aramco has signed three MoUs with US companies to advance the development of potential lower-carbon energy solutions, the company… Read More
Spain's Iberdrola plans to triple its offshore wind assets in the coming years, bringing their value to USD 18 billion,… Read More
This website uses cookies.