The deal is for the development of a grassroots integrated hydrocracker and catalytic dewaxing unit and a full catalyst reload of an existing lube oil upgrading program at the Mumbai Refinery in India.
Chevron last year provided millions of dollars to coalitions of civil society and industry that campaigned against California legislation restricting oil and gas drilling sites, a civil group found.
Samsung Heavy Industries (SHI) and Black & Veatch will provide engineering, procurement and construction for the FLNG production unit in British Columbia.
Under the terms of the agreement, Civitas issued Vencer 7,181,527 shares of common stock and $1 billion of cash, with a $550 million deferred cash payment due to Vencer on January 3, 2025.