Australia’s Woodside Petroleum will purchase Houston-based Apache’s interest in two LNG projects, Wheatstone and Kitimat LNG (pictured, right) for approximately US$2.75 billion. Apache announced in late July that it would exit the two…
The weather conditions west of Shetland are some of the harshest in the world, even without the help of hurricanes, typhoons and squalls. Elaine Maslin reports on how some companies are attempting to better understand the region. The…
US oil and gas company Apache says it will exit both Chevron-operated LNG projects, Kitimat and Wheatstone, in which the company holds equity interests in order to focus on its more lucrative onshore business. Apache’s Chairman and CEO G…
Keppel Offshore & Marine Ltd. (Keppel O&M) wholly owned subsidiaries Keppel Shipyard Ltd and Keppel Nantong Shipyard Co. Ltd were awarded contracts worth approximately US$120 million. From Keppel Bumi…
Frank Verhoeven Boskalis is eyeing an increasing role in offshore oil and gas and renewables projects—including the potential to dry dock floating production vessels at sea. Elaine Maslin found out more…
On 17 July, senators in the Australian Parliament voted to disallow the Federal Government from continuing to issue Maritime Crew (subclass 988) visas to foreign workers for the purposes of working in Australia’s offshore oil and gas industry…
Royal Dutch Shell is selling a major portion of its stake in Australia's Woodside Petroleum Ltd., raising AU$5.7billion. Shell is selling 9.5% back to Woodside, and another 9.5% to institutional investors, at a small discount to the closing share price on 16 June 2014…
CB&I announced it has been awarded a contract by Bechtel valued at about US$625 million to provide structural, mechanical and piping construction work for all outside battery limits modules and associated units for the Chevron-operated Wheatstone Project at Ashburton North in Western Australia…
Shell agreed to sell its stakes in the Chevron-led Wheatstone-Iago joint venture and the Wheatstone LNG project off Western Australia. The company sold its 8% equity interest in the Wheatstone-Iago JV and its 6.4% interest in the Wheatstone…
Chevron’s leadership set out the oil major’s plans out to 2020 this week, including eying exploration opportunities offshore Greenland, to maintain its reserves hopper. Chevron is planning 20% production growth, from 2.6MMboe/d in 2013…
US explorer Hess remains 'confident' that its billion dollar Australian gas project will proceed. The Equus project, Hess Corp.’s planned contribution to Australia’s push for world leadership in liquefied natural gas (LNG) exports, has…
Dockwise has been awarded a US$275 million contract by Bechtel for Module Transport Services regarding the Chevron-operated Wheatstone Project in Western Australia. Work is expected to begin early 2014. The contract's scope includes logistical…
With the world economy once again on an upward trajectory, 2014 is likely to see a number of key oil and gas projects rise to the fore. Meanwhile, exploration and production trend towards evermore challenging waters and is anticipated to…
Chevron Corporation today announced that its Australian subsidiaries have signed binding long-term sales and purchase agreements (SPAs) with Tohoku Electric Power Company, Inc. to supply LNG from the Chevron-operated Wheatstone Project in Western Australia…
Chevron Corp. announced its new US$39.8 billion capital and exploratory investment program for 2014. Approximately 90% of the 2014 spending program is budgeted for upstream crude oil and natural gas exploration and production projects…
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