Gorgon News

Aussie tax changes could risk investment

Feb 01, 2017

Although Australia has some of the most progressive fiscal regimes for offshore oil and gas, the country is being short-changed in LNG exports, which is on the verge of further expansion this year. Audrey Raj reports.  Shell’s…

Anadarko eyes further Colombia drilling

Jan 31, 2017

Anadarko has its eyes set on Colombia, announcing further drilling plans in the Purple Angel block, and opportunities it has identified through the Esmeralda 3D seismic survey in the area.   Map of Gorgon…

Chevron posts 17% drop in revenue

Jan 27, 2017

Chevron posted total earnings of US$415 million for Q4 2016, however, posted a loss for full-year 2016 that the US supermajor says were due to the low oil prices. Image from Chevron. Chevron’s Q4 2016 earnings reflected a gain…

BP completes Ironbark acquisition

Dec 20, 2016

BP has completed its deal with Cue Energy to take 80% interest in and operatorship of permit containing the Ironbark prospect, offshore northwest Australia.  Under the deal, BP will fund 100% of the required work program on exploration permit WA-409-P for the next three years…

Chevron unveils $19.8 billion budget focused on short-term

Dec 08, 2016

More than 70% of Chevron's US$19.8 billion 2017 planned upstream investment will generate production within two years, the firm said yesterday.  Chevron says it is targeting shorter-cycle, high-return investments with its 2017 capital budget…

Chevron posts 35% fall in Q3

Oct 28, 2016

US supermajor Chevron reported a 35% decline for Q3 2016 when compared to 2015, and an even more drastic drop when looking at its total earnings for the first nine months of the year. Big Foot…

Wood Group, Technip complete Gorgon work

Sep 07, 2016

Wood Group and Technip have recently completed 11 years of engineering and project management services on the Chevron Australia - operated Gorgon Project, Australia’s largest single-resource development. In collaboration, Wood Group and…

IEA sees shifts in gas trade

Jun 08, 2016

The next five years will bring a reshaping of the global gas trade, the International Energy Agency (IEA) said in its 2016 Medium-Term Gas Market Report. New liquefied natural gas (LNG) supplies are coming online just as demand growth in some major markets weakens…

Stop competing, start collaborating

Jun 01, 2016

We have the saying “digital oilfield” within the industry, but does it exist in reality? Audrey Raj reports. Technip CEO Thierry Pilenko.  Images from OTC Asia. With offshore…

Chevron takes big loss in Q1

Apr 29, 2016

US supermajor Chevron has taken a big fall in Q1 2016, reporting a loss of US$725 million, compared to earnings of $2.6 billion in the same period last year. Image of Jack/St. Malo, from Chevron…

Chevron cuts 655 Houston jobs

Apr 07, 2016

Supermajor Chevron has cut 655 upstream jobs from its Houston workforce, adding to the list of oil and gas companies that have been hit by the low oil prices. John Watson, from Chevron. “In light of the current market environment…

Chevron halts Gorgon due to mechanical issues

Apr 06, 2016

Chevron has temporarily halted production at its Gorgon liquefied natural gas (LNG) and condensate project on Barrow Island, off the northwest coast of Western Australia due to mechanical issues. According to Chevron Australia, the propane…

EIA: World's largest LNG exporter could be Australia

Mar 31, 2016

Chevron’s Gorgon project could put Australia s on track to be the largest liquefied natural gas (LNG) exporter in the world at 11.5 Bcf/d, according to the US Energy Information Administration (EIA). Gorgon…

Chevron to cut capex, increase production

Mar 08, 2016

US supermajor Chevron is set to shave its budget by as much as 36% by next year, as the company approaches the finish line for global construction projects, and sets its sights on increasing production. Jack/St…

Chevron achieves first LNG at Gorgon

Mar 07, 2016

Chevron Corp. has begun production from its liquefied natural gas (LNG) and condensate at the Gorgon Project on Barrow Island off the northwest coast of Western Australia. The first LNG cargo is expected to be shipped next week. “We expect…

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