Output

With major projects around the world scheduled to ramp up in the next few years — including two in the deepwater Gulf of Mexico — ChevronTexaco Corp. expects its oil and natural gas production to grow at a compounded average rate of 3% a year over the next five years to reach 3 MMboe/d by 2009.

After signing a 20-year agreement earlier this year for one-third of the liquefied natural gas (LNG) output at the FERC-certificated Freeport LNG terminal, Dow Chemical has decided to purchase a 15% ownership stake in the partnership that is building the terminal.

With major projects around the world scheduled to ramp up in the next few years, including two in the deepwater Gulf of Mexico, ChevronTexaco Corp. projected Tuesday that its oil and natural gas production will grow at a compounded average rate of 3% a year over the next five years to reach 3 MMboe/d by 2009.

With major projects around the world scheduled to ramp up in the next few years, including two in the deepwater Gulf of Mexico, ChevronTexaco Corp. projected Tuesday that its oil and natural gas production will grow at a compounded average rate of 3% a year over the next five years to reach 3 MMboe/d by 2009.

After signing a 20-year agreement earlier this year for one-third of the liquefied natural gas (LNG) output at the FERC-certificated Freeport LNG terminal, Dow Chemical has decided to purchase a 15% ownership stake in the partnership that is building the terminal (see Daily GPI, Feb. 27).

After signing a 20-year agreement earlier this year for one-third of the liquefied natural gas (LNG) output at the FERC-certificated Freeport LNG terminal, Dow Chemical has decided to purchase a 15% ownership stake in the partnership that is building the terminal (see Daily GPI, Feb. 27).

Two of Canada’s largest oil and natural gas companies reported gas production higher in the third quarter from a year earlier. Canadian Natural Resources Ltd. (CNR) and Talisman Energy Inc., which both had solid earnings, each reported a 9% growth in North American gas production over 3Q2003.

Two of Canada’s largest oil and natural gas companies reported gas production higher in the third quarter from a year earlier. Canadian Natural Resources Ltd. (CNR) and Talisman Energy Inc., which both had solid earnings, each reported a 9% growth in North American gas production over 3Q2003.

Houston-based independent Spinnaker Exploration Co. warned Friday that Hurricane Ivan and weather-related production curtailments in the Gulf of Mexico will slightly reduce forecasted 3Q oil and natural gas production, and also weigh on quarterly earnings.