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Peru opens offshore oil sector to U.S. firms Chevron and Westlawn, backed by $100M state investment.
Peru has approved a contract allowing U.S. energy firms Chevron and Westlawn to enter its hydrocarbon sector, with a consortium led by Anadarko planning exploration in northern offshore blocks, backed by a $100 million government investment.
President Dina Boluarte highlighted the move as evidence of Peru’s stability for major foreign investment.
Meanwhile, Malaysia’s Deleum ended its $14.3 million acquisition of Thai oilfield assets due to unmet conditions, with no impact on its financials.
In Mozambique, the $20 billion LNG project led by TotalEnergies is expected to restart by year-end after security-related delays, with India’s Oil India and partners holding a 30% stake.
Petronas Carigali has also partnered with AI firm Geoteric to boost exploration efficiency and drilling success through advanced seismic interpretation tools.
El Perú abre el sector petrolero offshore a las empresas estadounidenses Chevron y Westlawn, respaldadas por una inversión estatal de $ 100M.