TotalEnergies Expands US Exploration Footprint With 26 Offshore Leases
TotalEnergies will acquire a 25% working interest in 26 Chevron-operated U.S. offshore exploration leases, while Chevron takes a 75% operated interest in two adjacent leases.
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Why It Matters
TotalEnergies bought a piece of Chevron's ocean oil leases. This shows the company is betting on finding more oil and gas under the sea.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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