Tengiz Oil Field I wrote Wednesday about Australia’s Oil Search making a major $2.2 billion investment in Papua New Guinea natural gas. Noting this as a sign the right projects are still getting financed in the global oil and gas space. And later that day, we got news of a new mega-deal in the petroleum investment space. One that comes at a ten-fold larger scale. That came from U.S. major Chevron. Which the Wall Street Journal reported Wednesday will lead a consortium investing a stunning $37 billion in one single project — located in a completely unexpected part of the world. Offshore Kazakhstan. The Journal cited Kazakhstan’s energy minister, Kanat Bozumbayev, as saying the massive investment will come from Chevron and partners ExxonMobil, Lukoil and Kazakhstan state firm KazMunaiGas. With the target being an expansion of the Tengiz oil field , located in the Kazakh Caspian Sea. Energy minister […]