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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…

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…

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 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…

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 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…

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…

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”…

Chevron Corp.’s natural gas marketing subsidiary has delivered its first cargo of LNG with fully certified offsets from three projects across Asia. The shipment of liquefied natural gas was delivered from the Gorgon project offshore of northwest Australia to state-owned CPC Corp.’s terminal in Taiwan. Chevron disclosed the greenhouse gas emissions associated with the cargo…