Thursday, December 19, 2024
Chevron says expects to restart Train 2 of Gorgon LNG plant in early September- oil and gas 360

Chevron says expects to restart Train 2 of Gorgon LNG plant in early September

Reuters SINGAPORE – Chevron Corp expects to restart Train 2 of its Gorgon liquefied natural gas (LNG) plant in Australia in early September after completing repairs, a company spokesman said on Tuesday. Gorgon is carrying out the repair work after a routine inspection of the train’s propane heat exchangers during planned maintenance found weld quality issues, the spokesman said. The

Gorgon LNG Ramps up Production

The Chevron-led project expects first cargo next week. Chevron (ticker: CVX, Chevron.com) announced that its Gorgon LNG project has begun liquefaction of natural gas on Barrow Island off the northwest coast of Western Australia, with the expectation that the first LNG cargo will ship next week, the company said in a press release. The Gorgon Project is supplied from the

Natural Gas Price Battered by Faltering Asian Demand and New LNG Supply Coming Online

Natural gas prices are down more than 4% today at $1.67 per MMBtu, the lowest they have been since 1999. Waning demand for natural gas in Japan, warmer weather expectations in the U.S., along with an expected surge in LNG supplies has put a great deal of downward pressure on natural gas prices. Japan, the world’s largest importer of natural

Sabine Pass and Gorgon LNG Prepare for First Shipments

Cheniere expects first LNG cargo in the coming weeks from Sabine Pass Cheniere Energy (ticker: LNG, Cheniere.com) expects to load the first shipment of liquefied natural gas for export from the U.S. in the coming days. A LNG tanker docked in Cheniere’s Sabine Pass terminal Sunday as the company prepares to send the first cargo from the U.S. by the

Chevron

Chevron: Commodity Slide Delivers Q4’15 Loss

CVX Expects Spending to Wind Down through 2018 The oil and gas industry is not expecting Q4’15 earnings season to be pretty, but not many expected Chevron (ticker: CVX, chevron.com), one of the world’s largest integrated oil companies, to post a loss of $558 million. Typically, integrated companies are somewhat shielded from commodity downturns, as the profits increase in the