The Chevron logo is pictured after the U.S. government granted a six-month license allowing Chevron to boost oil output in U.S.-sanctioned Venezuela, in Caracas, Venezuela, December 2, 2022.

The US energy company Chevron is set to drill the first oil and natural gas exploration well in its concession area in the Red Sea in Egypt during the first half (H1) of 2024, Asharq Business reported ...