Chevron (CVX) said the company by its subsidiary, Chevron Mediterranean Limited, and the working interest owners of the Leviathan natural gas reservoir have reached a Final Investment Decision to expand the production capacity of the Leviathan production platform located offshore Israel. The Leviathan expansion project is expected to come online towards the end of the current decade. The project includes drilling three additional offshore wells, adding additional subsea infrastructure, and enhancing the treatment facilities on the Leviathan production platform.
Leviathan working interest owners include Chevron Mediterranean Limited as operator - 39.66%, NewMed Energy - 45.34%, and Ratio Energies - 15%.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.