chevron

Equinor ASA, whose broad U.S. portfolio stretches from Appalachia into the Gulf of Mexico, is snapping up a quarter-stake in the Chevron Corp.-led Bayou Bend CCS LLC, positioned to be one of the largest carbon capture, utilization and storage (CCUS) projects on the Texas coast. In the agreement with Texas Carbon 1 LLC, a subsidiary…

The energy industry, led by a subsidiary of Chevron Corp., is taking the Biden administration to court after millions of acres were removed from a planned offshore natural gas and oil auction. The Bureau of Ocean Energy Management (BOEM) in its final notice for Lease Sale 261, planned for Sept. 27, said 12,395 blocks would…

Global LNG prices ratcheted up at the start of the week as the latest news on potential Australian labor action at one of the country’s largest export facilities increased the risk of European and Asian competition ahead of winter. The majority of union workers at Woodside Energy Group Ltd’s Northwest Shelf (NWS) offshore platforms, which…

Talks to avert strikes at three LNG export facilities in Western Australia are expected to stretch into next week after negotiations between the labor unions, Chevron Corp. and Woodside Energy Group Ltd. have made little headway. Discussions were scheduled to continue next Wednesday (Aug. 23) in order to give both sides time to consider what…

Labor unions in Australia have escalated negotiations with Woodside Energy Group Ltd. and Chevron Corp. by voting overwhelmingly to go on strike if necessary. Strikes haven’t started, but the Australia Workers’ Union and Maritime Union authorized protected industrial action. The move sets the stage for potential work stoppages that could put nearly 10% of global LNG capacity at risk of shutting down.

Chevron Corp.’s legacy Permian Basin operations recorded an 11% jump in oil and gas output in the second quarter from a year ago, a new quarterly record, the supermajor said. In a preview of second quarter results, which are scheduled to be issued Friday (July 28), the San Ramon, CA-based producer said Permian output rose…

A roundup of news and commentary from NGI’s LNG Insight Sempra Infrastructure is looking to ramp-up construction at the Port Arthur LNG site in Texas, according to a recently published filing with the Federal Energy Regulatory Commission. The firm requested authorization for up to 6,000 people on site 24 hours a day as it progresses…

In a stealth move Monday, Chevron Corp. snapped up Denver-based independent PDC Energy Inc., a transaction that builds the Permian Basin inventory and adds enough heft in Colorado to become a “Top Five” global asset. Chevron CEO Mike Wirth led a conference call early Monday to discuss the all-stock deal, valued at $6.3 billion, or…

A natural gas and oil fortune has been abandoned offshore of British Columbia (BC) after Chevron Corp. and ExxonMobil retired Pacific seabed drilling rights following decades of successful environmental opposition. The integrated producers voluntarily gave up exploration licenses to an area rated as harboring up to 40 Tcf of natural gas and 10 billion bbl…