Chevron has officially assumed its position as the operator of the AREA OFF-1 block offshore Uruguay after completing the farm out transaction with Challenger Energy.

Chevron Corporation CVX has entered into a major deal with Challenger Energy Group to acquire 60% of the stakes in the AREA OFF-1 block through its wholly-owned subsidiary, Chevron Uruguay ...

Chevron will lay off 15% to 20% of its global workforce by the end of 2026, the U.S. oil company said on Wednesday as it seeks to cut costs, simplify its business, and complete a major acquisition.

Uruguay’s central bank raised its benchmark interest rate Tuesday to 9.25%, sending a hawkish signal about lowering consumer price increases and inflation expectations to its 4.5% target.

Chevron says the Bishop well blowout in Weld County was caused by an equipment-installation failure. The Colorado Energy and Carbon Management Commission determinces next steps in the incident.

Chevron acquired a 60 percent operating stake in Uruguay's offshore AREA OFF-1 block, located in an area deemed to have similar geophysical properties with the Orange Basin in Africa.

The carbon capture project would store it deep underground forever, and is a rarity around the world right now. Here's the plan, and why some landowners are concerned.

An investigational drug developed by Eolo Pharma is showing promise in animal experiments and an early human trial. It could eventually be an alternative or add-on to popular GLP-1 medications.

Challenger Energy joins forces with CVX in Uruguay's AREA OFF-1 Block, opening doors for offshore exploration and securing major funding for seismic surveys.