TotalEnergies has acquired a 25% working interest in 26 US offshore exploration leases operated by Chevron, extending the companies’ exploration partnership.
The agreement announced on 28 October also gives Chevron a 75% operated interest in two TotalEnergies leases beside acreage they already hold together. Of the 26 leases, 24 are in Green Canyon and two in Walker Ridge, approximately 150–250 kilometres offshore.
The transaction builds on the partners’ June 2025 agreement covering 40 leases. It expands shared exploration exposure rather than announcing a discovery, a producing asset acquisition or a final development decision.
For the offshore supply chain, the next useful signals will be confirmed appraisal or exploration programmes and the associated drilling and subsea scopes. The announcement does not provide a transaction price, well schedule or recruitment commitment.
Source: TotalEnergies announcement, 28 October 2026.
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Image credit: File photograph: Chevron office sign at 3901 Briarpark Drive, Houston, 31 March 2019. Illustrative company photograph; it does not show the offshore leases. Tony Webster / Wikimedia Commons, CC BY 2.0. Resized and converted to WebP.
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