Archive for the ‘Chevron Corp’ Category
South Africa approves Glencore for buyout of Chevron refinery, other assets
September 14th, 2018 by Latest News
South Africa’s Competition Tribunal has conditionally approved a proposal by Glencore to acquire Chevron Corp.’s majority ownership in Chevron South Africa, which operates a 110,000-b/d refinery at Milnerton, Cape Town, as well as the entirety of Chevo…
International tribunal rules for Chevron in ongoing Ecuador case
September 10th, 2018 by Latest News
An international tribunal administered by the Permanent Court of Arbitration in The Hague found that a $9.5-billion judgment that Ecuador’s government lodged against Chevron Corp. in 2011 violated international treaties, investment agreements, and inte…
Pertamina to replace Chevron in Rokan Block
August 1st, 2018 by Latest News
Further consolidating oil and gas interests in the state-owned oil company, Indonesia’s energy ministry announced Pertamina will replace Chevron Corp. as operator of the Rokan Block in Sumatra when the production-sharing contract expires in 2021. Chevr…
Chevron Australia has let a subsea installation contract to TechnipFMC for the second development phase within the Gorgon area offshore western Australia in 250-1,340 m of water. The development phase aims to upgrade the project’s existing subsea …
Six oil and gas majors will report second-quarter financials this week, with earnings expected to trend higher on the back of higher crude prices and robust refining margins, said Wood Mackenzie Ltd.
WGC: ExxonMobil, Chevron chief executives list gas growth’s challenges
June 27th, 2018 by Latest News
The US natural gas outlook undeniably has improved substantially in the last 30 years, the chief executives of the nation’s two biggest multinational oil companies agreed on June 26. But rapidly improving technology, intelligent government policies, an…
Wheatstone LNG Train 2 comes on stream
June 15th, 2018 by Latest News
Chevron Australia has brought on stream the second LNG train in its $34-billion Wheatstone project in the Pilbara region of Western Australia. Train 1 of the project came on stream at the beginning of October 2017. The project will now ramp up to its f…
Chevron Australia has called for industry collaboration in the development of Australia’s offshore oil and gas resources to maximize their potential and ensure economic efficiency of future projects.
Chevron Corp. reported earnings of $3.6 billion for this year’s first quarter compared with $2.7 billion in the same quarter in 2017. The company attributes cash flow and earnings increases to “a powerful combination” of expanding upstream margins and …
Chevron Australia has reported the start of Stage 2 of the Gorgon LNG project off Western Australia. The $5.1-billion (Aus.) program will include 11 new wells—7 in Gorgon field 150 km north of Onslow and 4 in Janz-Io field another 70 km offshore. There…