As anticipated, Chevron Corp. Chairman and CEO John S. Watson confirmed Thursday he would retire, effective Feb. 1 and be succeeded by Vice Chairman Michael K. Wirth, who now oversees midstream and development activity.
Australia
Articles from Australia
Australia’s Deal with Big Three Operators Ends Threat to Curb LNG Exports
Australia is pulling back from threats to curb natural gas exports after three major producers agreed to put more gas into the domestic market to ease potential shortages.
BP Ramps Up Trinidad, Australia Natural Gas Projects
BP plc has ramped up two major natural gas projects, in Trinidad and Australia, marking the fourth and fifth of seven new facilities set to get underway this year.
Chevron Reverses Losses, With Output Rising from Permian, LNG, GOM Projects
Chevron Corp. turned around a year-ago loss during the second quarter, while production increased and operating costs fell.
Australia to Restrict LNG Exports Beginning Jan. 1
Australia plans to restrict natural gas exports beginning in 2018 to give the state first dibs on supply in an effort to contain rising domestic energy prices, Prime Minister Malcolm Turnbull announced Tuesday.
2016 Was Banner Year For Global LNG Trade, IGU Says
Global trade in liquefied natural gas (LNG) last year reached a record 258 million tonnes — up 5% from 2015, according to the International Gas Union (IGU). However, the LNG industry is in need of contract standardization, according to one trading house, which has introduced a proposal for a standard contract.
Australian Company Acquires 62,000 Acres in TMS From Encana
Australis Oil & Gas Co. has acquired all of Encana Oil & Gas Inc.’s remaining assets in the Tuscaloosa Marine Shale (TMS) along the Louisiana/Mississippi border for $80 million.
Australia Pacific LNG’s Second Train Produces First Cargo
Australia Pacific LNG has completed production of its first cargo of liquefied natural gas (LNG) from its facility on Curtis Island near Gladstone, Queensland, along Australia’s eastern coast.
NGI The Weekly Gas Market Report
Bearish Global NatGas Demand Seen Squeezing U.S. LNG Market Growth
Global natural gas demand is becoming increasingly bearish, as Europe’s needs are diminished and oversupply is looming, potentially putting the kibosh on U.S. exporters gaining a lot of global share.
Chevron Nabs Gorgon LNG Supply Contract with China’s ENN
Chevron Corp.’s Australian subsidiaries and its partners have signed a nonbinding heads of agreement (HOA) to deliver up to 0.5 million metric tons/year (mmty) of liquefied natural gas (LNG) over a decade from the Gorgon project to China’s ENN LNG Trading Co. Ltd.