Chevron is reducing local and regional business units in favor of a more centralized model to improve performance and cut as much as $3 billion of costs by 2026. Changes will include single divisions for both offshore and shale operations, says Vice Chairman Mark Nelson.
Equinor forecasts 10%–20% production decline at Johan Sverdrup field in 2026
Equinor expects oil production from the Johan Sverdrup field — the North Sea’s largest producing...
