On the sidelines of the visit, U.S. and Iraqi officials also intend to unveil progress toward finalizing natural-gas and power-technology deals with Honeywell International Inc., HON -0.95% General Electric Co., GE -2.85% and Stellar Energy, the officials said. Any deal with Chevron would be limited in scope—calling for an investment on the scale of hundreds of millions of dollars once it is finalized, according to these people. That is a relatively small commitment for an oil company the size of Chevron, but it comes at a time when the entire industry has scaled back spending sharply amid a steep drop in oil prices. Oil demand has fallen dramatically amid pandemic lockdowns and economic uncertainty. Chevron’s discussions focus on carrying out exploration work in the Nassiriya field, which is estimated to hold about 4.4 billion barrels of crude, according to the people familiar with the matter. The field isn’t one […]