Oilfield News

 

Chevron Nears Investment Decision to Expand Leviathan Gas Field

Nov 05, 2025

Chevron is nearing a final investment decision for a capacity expansion of the Leviathan gas field off Israel's Mediterranean coast, but is still waiting for an Israeli permit to export the gas to Egypt as part of a $35 billion deal, it said on Wednesday.Chevron and its partners in the field, NewMed and Ratio, in August signed the largest export agreement in Israel's history, worth up to $35 billion…

Shell Seeks Buyer for 20% Stake in Brazilian Oilfield Cluster

Dec 09, 2025

Shell is seeking a buyer for a 20% stake in its Brazilian oilfield cluster to help fund a multibillion-dollar offshore development, Bloomberg News reported on Tuesday, citing sources.Shell declined to comment on the report, when contacted by Reuters…

Kazakhstan Raises 2025 Output Forecast for Kashagan and Karachaganak Oilfields

Nov 04, 2025

Kazakhstan's state energy company KazMunayGaz has raised its production forecast for the Kashagan and Karachaganak oilfields this year to 18.25 million metric tons (mmt) and to 11.2 mmt respectively, it said on Tuesday.The previous forecast for Kashagan was 17…

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