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

Producers and consumers need to cooperate to maintain global gas supply security in light of escalating geopolitical tensions, as highlighted in a new IEA report. The demand for natural gas

Oil prices increased on Thursday as concerns about a potential escalation of conflict in the Middle East took precedence over the outlook for stronger global supply. This heightened apprehension about

Uruguay’s state-owned oil company and regulator, Ancap, has approved Challenger Energy’s farm-out of the AREA OFF-1 licence to Chevron. The approval, granted in March 2024, marks a major step forward