Related Articles
Forward article link
Share PDF with colleagues

Chevron sees East Med value

The major was attracted first by Noble’s gas assets. This could be promising for breaking the deadlock on the rocky road to monetising the region’s finds

The timeline of Chevron’s $5bn takeover offer for US independent Noble Energy makes for interesting reading, particularly for the nascent Eastern Mediterranean gas industry. The major’s announcement of the deal in July focused on both Israeli and US Permian and DJ basin assets, but an August SEC filing makes it clear that its interest was first in East Med gas. Chevron’s general manager for M&A, Frank Mount, first approached a Noble executive in October, the filing records, to say that it “had been monitoring Noble Energy’s progress in the Eastern Mediterranean”. Mount then “indicated that Chevron was contemplating entry into the upstream sector in Egypt and indicated potential interest



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
UK High Court throws out upstream challenge
18 January 2022
Activists’ efforts to have the revised OGA Strategy ruled unlawful are rejected by judge
UKCS still attracting buyers
18 January 2022
Healthy appetite remains despite an evolving oil and gas landscape
IOC stalwarts deliver Omani gas boost
18 January 2022
Shell and TotalEnergies have agreed to execute a major integrated development and bought into the government’s gas-led strategy
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video