chevron

Federal Court Reinstates Six Million Acres Slashed from Upcoming GOM Natural Gas, Oil Auction

Federal Court Reinstates Six Million Acres Slashed from Upcoming GOM Natural Gas, Oil Auction

An offshore oil and gas lease sale scheduled for Wednesday (Sept. 27) in the Gulf of Mexico’s (GOM) Outer Continental Shelf (OCS) must proceed as originally planned with all 73 million acres on offer, following a preliminary injunction granted by the U.S. District Court for the Western District of Louisiana. The Department of the Interior’s…

September 25, 2023
Equinor Builds in U.S. by Joining Chevron, Talos in Texas Carbon Capture Project

Equinor Builds in U.S. by Joining Chevron, Talos in Texas Carbon Capture Project

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…

September 5, 2023
Chevron, Louisiana and API Using ‘Every Legal Tool’ to Challenge Smaller GOM Lease Sale

Chevron, Louisiana and API Using ‘Every Legal Tool’ to Challenge Smaller GOM Lease Sale

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…

August 29, 2023
More Australian Offshore Workers Approve Strike Action, Spiking Global Natural Gas Prices – LNG Recap

More Australian Offshore Workers Approve Strike Action, Spiking Global Natural Gas Prices – LNG Recap

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…

August 21, 2023
Australia Labor Talks to Prevent LNG Terminal Strikes Seen Continuing for Days

Australia Labor Talks to Prevent LNG Terminal Strikes Seen Continuing for Days

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…

August 17, 2023

TTF Prices Surge as Strikes Loom at Australian LNG Export Terminals – The Offtake

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.

August 9, 2023
Chevron Says ‘On Track’ to Hit Permian Guidance Following Record 2Q

Chevron Says ‘On Track’ to Hit Permian Guidance Following Record 2Q

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…

July 24, 2023

Sempra Requests Port Arthur LNG Construction Ramp-Up – The Offtake

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…

June 28, 2023
Colorado Becoming ‘Top 5’ Global Natural Gas, Oil Target with PDC, Says Chevron CEO

Colorado Becoming ‘Top 5’ Global Natural Gas, Oil Target with PDC, Says Chevron CEO

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…

May 22, 2023
Chevron, ExxonMobil Ditch Natural Gas, Oil Drilling Permits Offshore BC

Chevron, ExxonMobil Ditch Natural Gas, Oil Drilling Permits Offshore BC

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…

April 18, 2023
‹ Previous 1 2 3 24