Oil prices experienced a notable increase on Friday, climbing more than 2% following reports that Iran was planning a retaliatory strike on Israel from Iraq in the near future. This

Challenger Energy has successfully completed the transfer of a 60% stake in the offshore AREA OFF-1 block in Uruguay to Chevron’s subsidiary, Chevron Mexico Finance LLC, Sucursal Uruguay. This transaction

Oil prices inched upwards during Monday’s Asian trading session after a steep decline of over 7% the previous week. The sharp drop was largely attributed to concerns over declining demand

On 19 September, the Uruguayan state-owned oil company ANCAP, which oversees offshore licences, gave its approval to Challenger Energy’s farmout agreement for the AREA OFF-1 licence with Chevron. The agreement

Challenger Energy’s farmout agreement with Chevron for the offshore exploration license AREA OFF-1 has received approval from Uruguay’s regulator, ANCAP. The agreement, which was initially announced in March, marks a

Challenger Energy has secured approval from Uruguay’s state-owned oil company and regulator, Ancap, for its farm-out agreement with Chevron regarding the AREA OFF-1 licence. Originally announced in March 2024, the

Challenger Energy’s farm-out of the AREA OFF-1 licence to Chevron has received approval from Uruguay’s state-owned oil company, Ancap. This move will make Chevron the operator of the block, acquiring