Chevron Corporation CVX, along with several other multinational energy firms, has exited its oil concession blocks in Egypt’s Red Sea region after failing to discover commercial oil or gas reserves.

HMS Prince of Wales enters the Red Sea as part of Operation Highmast, an eight-month UK-led deployment aimed at strengthening ...

Chevron, alongside other multinational oil and gas companies, has exited its Red Sea oil and gas concession blocks in Egypt after failing to make any discoveries. The Egyptian petroleum ministry ...

Chevron confirmed it has relinquished its operated 45% stake in Red Sea Block 1, located in the northern Red Sea. “Chevron remains committed to working together with the government of Egypt and ...

Various multinational oil and gas companies including Chevron (NYSE:CVX) have exited their Red Sea oil and gas concession blocks after making no finds, and will redirect their resources to other ...

An oil spill could also block access to ports for impoverished Yemen’s much-need humanitarian aid. It could also cause an even greater disruption to shipping through the Red Sea, which is ...