Chevron Corporation

SLB OneSubsea completes Brazil all-electric subsea technology project

JIP participant

SLB OneSubsea has finished a joint industry project in Brazil that qualifies fully electric subsea production equipment for water depths up to 3,000 meters. The work with TotalEnergies, Equinor, bp and Chevron, under Brazil's National Petroleum Agency research rules, replaces the hydraulic pressure that has long operated subsea valves and chokes with electric motors.

Updated Oct 26

Shale executives face antitrust suits over OPEC coordination

Rule Changes

As of September 2026: Completed Hess acquisition; CEO criticized board restriction

In 2024 the Federal Trade Commission approved two giant oil mergers on one condition: the acquired CEOs would not join the acquirer's board. The agency said their private OPEC communications risked aligning US output with the cartel.

Updated Sep 26

Venezuela's oil reversal: From Chávez nationalization to privatization in 19 years

Rule Changes

As of May 2026: Only U.S. major operating in Venezuela; CEO calls reforms 'positive' but commits no new capital spending

Hugo Chávez nationalized Venezuela's oil sector in 2007, expropriating assets from ExxonMobil, ConocoPhillips, and other foreign companies. Nineteen years later, less than a month after U.S. forces captured Nicolás Maduro, Venezuela's National Assembly passed legislation reversing that policy. Acting President Delcy Rodríguez signed it into law.

Updated May 26

Israel greenlights a $35B Leviathan-to-Egypt gas pact—turning a pipeline into a regional power lever

Built World

As of May 2026: Operator of Leviathan; key U.S.-linked stakeholder driving expansion and export routing

A day after Israel approved the Leviathan-to-Egypt export permit, Egypt's State Information Service publicly stepped in to reframe the agreement as a strictly commercial arrangement concluded by private energy companies. The framing firewalls the gas lifeline from Gaza-war politics.

Updated May 15

Trump’s Venezuela “blockade” turns sanctions into a Navy problem

Force in Play

As of May 2026: Maintains a licensed channel for Venezuelan crude even as others stall.

Trump's Venezuela "blockade" threat is now backed by policy. Washington has added new Venezuela-linked sanctions and also targeted Iran's shadow-fleet network. Together, these expand the pool of already-sanctioned vessels that the U.S. Navy could board if they try to trade with Venezuela.