Gorgon

Any attempts by California to penalize oil and natural gas producers for what state leaders may consider to be excess profits will likely backfire, Chevron Corp. CEO Mike Wirth said Friday. During the first quarter conference call, Wirth was asked about a rulemaking process underway in the company’s home state. Spearheaded by Democratic Gov. Gavin…

Chevron Corp. has snagged a stake in three joint ventures to develop carbon capture projects offshore Australia. The greenhouse gas (GHG) assessment permits granted to Chevron Australia Pty Ltd. are for offshore blocks covering nearly 7.8 million acres. Two permits are for work in the Carnarvon Basin off the northwestern coast and one is for…

Following repairs, all five of Chevron Corp.’s liquefied natural gas (LNG) trains at the Gorgon export project in Australia are online, the Upstream chief said Friday. Executive Vice President Jay Johnson discussed the progress at Gorgon during a second quarter conference call.  Chevron, which operates Gorgon with a 47.3% stake, took it temporarily offline last…

A roundup of news and commentary from NGI’s LNG Insight Chevron Corp. said Friday it would move ahead with a $4 billion project to boost compression from its Jansz-Io field in Australia. The project would take about five years to complete and is aimed at maintaining supplies to the three liquefaction trains at the company’s…

Chevron Corp. disclosed this week that both of its liquefied natural gas (LNG) facilities in Australia are producing above their nameplate capacity. The San Ramon, CA-based supermajor has increased the initial capacity of the three-train Gorgon development by 5%, while the capacity at the two-train Wheatstone project has grown to 9% above nameplate. Upstream chief…

Chevron Corp. continues to see lower demand for oil and natural gas from Covid-19, but it is focusing on what it can control, CEO Michael Wirth said. The San Ramon, CA-based major issued its third quarter results Friday, highlighting the completion of its takeover of Noble Energy Inc. and the startup of some alternative energy…

The global market is tightening with three major liquefied natural gas (LNG) facilities offline in the United States and Australia, supporting a price rally that began last month as fundamentals started improving.  The Sabine Pass and Cameron LNG terminals on the Gulf Coast, the two largest in the United States with a combined export capacity…

Chevron Australia and joint venture partners in the Gorgon natural gas export project in Australia on Tuesday launched the second stage drilling campaign off the northwest coast of the country.

Chevron Corp. is hitting the sweet spot for natural gas exports in Australia, in close proximity to thirsty Asian markets, and is in no hurry to look elsewhere for opportunities to expand, including on the U.S. Gulf Coast, the midstream chief said Friday.