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Chevron Cyprus holds a 35% stake and acts as the operator of the Aphrodite field. Credit: Tada Images / Shutterstock

A consortium led by Chevron has submitted a revised development plan for the Aphrodite gas field to the Cypriot Government, outlining a $4bn (€3.62bn) investment. Chevron Cyprus holds a 35% stake and acts as the operator of the field offshore Cyprus. BG Cyprus also owns a 35% share, while Israel’s NewMed Energy has a 30% stake.

Marathon Oil has announced that it has received the necessary stockholder approval for its pending merger with ConocoPhillips. Marathon Oil will file Form 8-K with the US Securities and Exchange Commission to report the voting results of the special stockholder meeting, the independent E&P company announced on Thursday.

ExxonMobil is considering the sale of a package of conventional oil assets in the Permian Basin, reported several US news outlets. The potential transaction could be worth approximately $1bn, sources said. The sale aligns with the company’s strategy to focus on expanding its shale production.

BP America has entered a Space Act Agreement with Nasa to enhance technological advancements in both energy production and space exploration. They will leverage digital technologies and decades of technical expertise from operating in extreme environments. The agreement allows the two entities to share digital models, simulations and technical know-how.