On October 28, 2026, TotalEnergies announced it had acquired a 25% working interest in 26 Chevron-operated exploration leases in the U.S. offshore Gulf of Mexico. The leases include 24 blocks in Green Canyon and two in Walker Ridge.
Under the agreement, Chevron will acquire a 75% operated interest from TotalEnergies in two adjacent exploration leases. The transaction builds on a previous agreement between the companies in June 2025.
TotalEnergies said the deal will expand its access to high-impact exploration opportunities and complement its producing assets in the region, including Ballymore, Anchor, Jack, and Tahiti. The company said the move could unlock value-accretive, low-emissions resources.