Wheatstone Lng News

 

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…

Chevron to start Wheatstone mid-2017

Oct 24, 2016

Chevron is setting its sights for mid-2017 for first liquefied natural gas (LNG) from its giant Wheatstone project in Australia, according partner Woodside Petroleum said. Illustration of Wheatstone…

BP bets on 'massive' Ironbark prospect

Oct 13, 2016

BP is to acquire a majority stake in two exploration permits containing the potentially massive Ironbark gas prospect on Australia's North West Shelf from Cue Energy Resources. The move will see BP acquire 80% interest in permits WA-409-P and WA-359P in the Carnarvon basin…

Keppel delivers the Floatel Triumph

Sep 30, 2016

Keppel Offshore & Marine subsidiary, Keppel FELS, delivered the Floatel Triumph semisubmersible to Floatel International, which will work on Chevron's Wheatstone, and INPEX's Ichthys Field, off Western Australia.  The Floatel Triumph is…

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 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…

Woodside axe to spur legal action

Mar 04, 2016

Bumi Armada intends to take legal action against Woodside Energy after Woodside terminated a floating production storage and offloading (FPSO) charter contract for operations offshore northwestern Australia. The Armada Claire…

Chevron to slash 6-7000 jobs

Oct 30, 2015

US supermajor Chevron announced in its Q3 results that it expects to make further workforce reductions in the realm of 6000-7000 in an effort to cut costs. The company’s earnings this quarter were better than anticipated, according to analysts Simmons & Co…

Chevron to pay millions in Auz taxes

Oct 23, 2015

In a battle between the Australian Tax Office (ATO) and Chevron in the Australia federal court, the US supermajor lost and will have to pay more than US$232 million (A$322 million) in back taxes, in addition to fines. Wheatstone…

Chevron in 2Q drastic drop

Jul 31, 2015

Chevron’s results for 2Q 2015 show the company in a drastic drop of nearly 90% compared to last year, from substantial impairments that have lead the company to implement multiple efforts to improve future earnings and cash flows. Image…

Woodside's Browse FLNG enters FEED

Jul 01, 2015

After postponing a final investment decision due to the low oil prices last December, Australian operator Woodside Petroleum has announced it will press forward into the FEED phase for its long-struggling Browse LNG mega project. The…

Fulcrum year for mega gas

Apr 20, 2015

2015 may well be remembered as the year when natural gas truly announced itself as the major energy fuel source. With the announcement that Shell is targeting a US$70 billion deal for BG Group, and in doing so increasing their current LNG capacity to around 33 million tons per annum…

Apache exits Aussie business for $2.1 billion

Apr 09, 2015

Apache agreed to sell its Australian subsidiary Apache Energy Ltd. to a consortium of private equity funds managed by Macquarie Capital Group Ltd. and Brookfield Asset Management Inc. for cash payment of $2.1 billion. With the sale, the company…

Woodside hits off Western Australia

Apr 08, 2015

Woodside made a gas discovery at its Pyxis-1 exploration well in production license WA-34-L, offshore Western Australia. Map of WA-34-L. From Woodside.   The well intersected approximately 18…

ACCC good with Woodside, Apache deal

Mar 05, 2015

Woodside Petroleum's proposed acquisition of Houston-based Apache's interests in the Wheatstone, Balnaves and Kitimat projects are moving forward after the Australian Competition and Consumer Commission (ACCC) announced that it will not oppose the deal…

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