FERC has authorized Freeport LNG Development LP to restart service on its final train. The Federal Energy Regulatory Commission on Wednesday cleared the company to commission, cooldown and restart liquefaction on Train 1.
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Shell, Chevron Move Ahead with LNG Projects to Cut Maritime Emissions
Shell plc and Chevron Corp. affiliates have signed deals to help cut emissions and further the use of LNG in the shipping sector. Shell said late last month that it would further long-standing collaboration with Hapag-Lloyd by signing a multi-year agreement to supply the global shipper liquefied natural gas for its 12 ultra-large, dual-fuel container…

Europeans ‘Don’t Intend to Go Back’ to Russian Natural Gas, Says Chevron CEO
The world’s natural gas markets are fundamentally changed for the long term with less dependence on Russia, Chevron Corp. CEO Mike Wirth said Monday. Wirth was the opening speaker in Houston at CERAWeek by S&P Global. CERAWeek Chairman Daniel Yergin joined Wirth on stage to kick off the week-long conference. The two men discussed how…

Chevron, Partners Said Exploring FLNG Unit for Eastern Med’s Leviathan Field
The exploration partners in the Leviathan natural gas field offshore Israel, which include Chevron Corp., could invest in a multi-billion dollar floating LNG (FLNG) platform that could boost East Mediterranean gas exports to Europe. Earlier this week, the partnership approved plans to spend $96.4 million on pre-front-end engineering and an estimated 4.6 million tons/year capacity…

Permian Carries Chevron to Record 4Q U.S. Production
The legacy Permian Basin operations guided Chevron Corp. to record U.S. production in 2022, with natural gas and oil output from the play rising 16%. CEO Mike Wirth led a conference call last week with the executive team to discuss fourth quarter and full-year performance. “We delivered record earnings and cash flow in 2022, while…

Chevron Completes Beyond 6 Takeover, Strengthens RNG Distribution Network
Chevron Corp. subsidiary Chevron U.S.A. Inc. has finalized the takeover of Beyond 6 LLC and its 55 compressed natural gas (CNG) fueling stations from independent energy commodity group Mercuria Energy Trading. San Ramon, CA-based Chevron initially said it also would be adding to its U.S. renewable natural gas (RNG) business with a long-term supply agreement…

Chevron Leads Latest Fundraising for Svante to Advance Carbon Capture Technology
Svante, considered a leader in developing carbon capture technologies, said a division of Chevron U.S.A. Inc. was lead investor in a $318 million fundraising round, which is to be used to accelerate the business. Chevron New Energies (CNE) provided most of the financing. CNE was formed in 2021 to accelerate opportunities in carbon capture utilization…

Chevron Snags 50-Plus CNG Stations, Builds Out RNG Supply
Chevron Corp. subsidiary Chevron U.S.A. Inc. is expanding its large-scale U.S. renewable natural gas (RNG) business through its latest plan to receive supply from Mercuria Energy Trading. The San, Ramon, CA-based supermajor’s subsidiary last week signed a definitive agreement with Beyond6 LLC’s co-owners, which include Mercuria, to also take full ownership of B6’s 55 nationwide…

Global Natural Gas Trading Helped Lift TotalEnergies to Record Profit in 3Q
TotalEnergies SE reported a 10% sequential decline in second quarter LNG sales, but stronger prices for the super-chilled fuel helped the company cruise to a record profit. The sales decline was mainly due to the outage at the Freeport liquefied natural gas terminal on the Upper Texas coast, where TotalEnergies has long-term offtake agreements in…

Chevron Looking to Move LNG Beyond Pacific, with Eye on Atlantic, Eastern Med
Deliveries from Chevron Corp.’s two operated Australian LNG export facilities, both through spot sales and contracts, helped propel third quarter profits, and executives are considering ways to expand exports from the Atlantic Basin and the Eastern Mediterranean. During the quarterly conference call on Friday, CEO Mike Wirth said the international upstream results benefited from “record”…