Chevron Expands South America Push Amid Offshore Energy Shift

Chevron Expands South America Push Amid Offshore Energy Shift

Highlights Chevron enters Uruguay offshore exploration alliance Shell and QatarEnergy deepen regional energy ties South America upstream focus gains momentum Global energy companies are expanding offshore exploration efforts in South America as Uruguay emerges as a new strategic frontier for collaborative upstream development and long-term resource diversification. Chevron Corporation (NYSE:CVX), one of the world’s leading integrated energy com…

QatarEnergy acquires participating interests in new exploration blocks offshore Uruguay - SaudiGulf Projects

QatarEnergy has acquired participating interests in three exploration blocks offshore the Oriental Republic of Uruguay from BG International Limited, a subsidiary of Shell. Under the agreements, QatarEnergy has acquired an 18% interest in block “OFF-4”, while Shell held 32%, and APA Corporation (the operator) retained the remaining 50%. QatarEnergy has also acquired a 30% interest in block “OFF-2”, which is operated by Shell with a 70% interest.…

QatarEnergy invests in Uruguay offshore blocks

Buys into three exploration areas Expands South American footprint Financial details undisclosed QatarEnergy has acquired interests in three offshore exploration blocks in Uruguay from BG International, a subsidiary of the UK’s Shell, as part of its global expansion strategy. Under the agreements, the state-backed oil and gas producer has acquired an 18 percent interest in block “Off-4”. Shell holds 32 percent, while US-based APA Corporation, th…

QatarEnergy secures interests in three Uruguay offshore blocks from Shell subsidiary

Blocks OFF-2, OFF-4 and OFF-7 lie off Uruguay’s Atlantic coast, covering areas of 11,155 to 18,227 sq km, with water depths ranging from 40 to 4,000 metres. QatarEnergy has acquired… (The post QatarEnergy secures interests in three Uruguay offshore blocks from Shell subsidiary is from Doha News