Chevron and Total invest billions in tough oil field

The oil majors have made their final investment decision on deepwater field Anchor in the Gulf of Mexico. Total pursues another, similar, discovery.

Photo: Ben Margot/AP/Ritzau Scanpix

In the Gulf of Mexico, off Louisiana, Chevron and Total keep working on the Anchor field. The two oil majors have made their final investment decision (FID) on the field, they said on Thursday.

This is the first time within the industry that an FID is made on a deep-water high-pressure field.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Poseidon Principles set to raise ambitions in coming weeks

The banks in Poseidon Principles are working on the basis of halving CO2 emissions in shipping by 2050. At the same time, some of the same banks are working towards a target of CO2 neutrality by 2050 as part of the Net-Zero Banking Alliance. Before long, Poseidon will reassess its ambition.

Further reading

Related articles

Trial banner

Latest news

See all jobs