TotalEnergies Strengthens Partnership With Chevron and Expands Offshore Operations in the U.S.

Written by Carla Teles

Published on 16/06/2025 at 10:35

Veja como a TotalEnergies fortalece sua parceria com a Chevron e expande a exploração de petróleo e gás nos EUA. Conheça os detalhes deste acordo estratégico.

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The French Giant Acquires Stake in 40 Exploration Blocks from Chevron, Expanding Its Oil and Gas Portfolio in the Gulf of Mexico.

The French energy giant, TotalEnergies, announced the expansion of its oil and gas portfolio in the United States. The company acquired stakes in 40 exploration blocks currently operated by Chevron. This move strengthens the company’s presence in American waters and deepens its strategic collaboration with its American partner.

Details of the Strategic Acquisition in the Gulf of Mexico

TotalEnergies acquired an operational stake of 25%. The agreement covers a portfolio of 40 federal leases in the Outer Continental Shelf (OCS). The area totals approximately 1,000 square kilometers and will give the company access to various exploration areas and offshore prospects.

The blocks are located between 175 and 330 kilometers from the shore. They are divided into 13 blocks in the Walker Ridge area, 9 in Mississippi Canyon, and 18 in the East Breaks area.

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Strengthening a Successful Collaboration Between TotalEnergies and Chevron

The transaction reinforces TotalEnergies offshore collaboration with Chevron in the U.S. The companies are already partners in significant projects. Among them are Ballymore (40% TotalEnergies), which reached first production this year. Other projects include Anchor (37.14%), which started production last year, and the producing assets of Jack (25%) and Tahiti (17%).

Strategy Aligned with Low Cost and Low Emissions

Kevin McLachlan, Senior Vice President of Exploration at TotalEnergies, commented on the acquisition. He stated that the transaction aligns with the company’s consistent strategy. The aim is to fill the portfolio with low-cost exploration options and low emissions. McLachlan emphasized that the agreement will significantly expand the company’s offshore exploration area in the U.S.

Technology and Innovation from TotalEnergies

TotalEnergies plans to utilize advanced 3D imaging technology. The goal is to mature drilling decisions for exploration drilling in these new blocks. The company aims to unlock the significant remaining offshore production potential in the U.S., leveraging the momentum from recent projects like Ballymore and Anchor.

In addition to exploration, TotalEnergies is also investing in other technological fronts. The company is actively seeking the use of artificial intelligence (AI) to accelerate its multi-energy strategy, boosting low-carbon energies, thanks to a partnership with Mistral AI.

TotalEnergies Strengthens Partnership With Chevron and Expands Offshore Operations in the U.S.

The French Giant Acquires Stake in 40 Exploration Blocks from Chevron, Expanding Its Oil and Gas Portfolio in the Gulf of Mexico.

Details of the Strategic Acquisition in the Gulf of Mexico

Strengthening a Successful Collaboration Between TotalEnergies and Chevron

Strategy Aligned with Low Cost and Low Emissions

Technology and Innovation from TotalEnergies

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TotalEnergies Strengthens Partnership With Chevron and Expands Offshore Operations in the U.S.

The French Giant Acquires Stake in 40 Exploration Blocks from Chevron, Expanding Its Oil and Gas Portfolio in the Gulf of Mexico.

Details of the Strategic Acquisition in the Gulf of Mexico

Strengthening a Successful Collaboration Between TotalEnergies and Chevron

Strategy Aligned with Low Cost and Low Emissions

Technology and Innovation from TotalEnergies

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A public school student single-handedly created a machine capable of treating water for up to 50 people using only solar energy. It was awarded third place at one of the most important science fairs in the world.

Germany installed vertical solar panels on a lake in Bavaria, and the result broke conventional logic: instead of producing energy at midday peak, the plant generates more early in the morning and in the evening, exactly when families turn on appliances and factories are in full swing.

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