TotalEnergies Takes Slice of Chevron's U.S. Offshore Pie

June 17, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Though the U.S. may be at odds politically with its European allies, French major TotalEnergies (Courbevoie, France) said it was establishing a new offshore partnership by buying into Chevron Corporation's (Houston, Texas) offshore assets in the Gulf of Mexico. U.S. President Donald Trump upended widespread bilateral relations on his return to the White House by questioning NATO doctrines and disrupting global trade with sweeping tariffs. Domestically, his policies were viewed unfavorably by an energy sector fretting over lower prices and newly complicated supply chain logistics. Companies featured: TotalEnergies and Chevron Corporation