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Chevron ceases Leviathan Gas operations due to security issues [Yahoo! Finance]
Last chevron corporation earnings: 5/1 06:45 am
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Chevron has announced force majeure at the Leviathan natural gas field in Israel following a government directive to halt operations due to security concerns. This decision aligns with the Israeli Energy Ministry's instructions after joint US-Israeli military activities targeting Iran led to regional retaliatory actions. Authorities have confirmed the suspension of gas production at Leviathan, citing security requirements as the basis for this action. The Commissioner of Petroleum Affairs has been granted authority to provide additional operational guidance in response to changing security assessments. Chevron has also received notification from the Commissioner to prepare for adaptable operations at Leviathan, which may include periodic production halts based on continuous evaluations of the security situation. This marks the second disruption in less than a year linked to hostilities with Iran affecting gas flow in the Eastern Mediterranean. The Leviathan gas field is s
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