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Ecopetrol jumps back to black
2017-03-07 - Colombian oil and gas company Ecopetrol returned to profit in the last quarter of 2016 compared to a loss in the prior-year quarter.  The state-run company on Monday posted a net profit of 186 billion Colombian pesos (approx. $62.6M) compared with a net loss of 6.31 trillion pesos ($2.1 billion) in the final quarter of 2015..
Chevron buys offshore permit near Gorgon field
2017-02-20 - Chevron has acquired the right to explore for oil and gas in a new permit near its giant Gorgon gas field, offshore Western Australia. According to the Australian government, the company has paid $3 million for a cash bid to secure exploration rights there. Minister for Resources and Northern Australia Senator Matt Canavan s..
Shell elects new Australian chairman
2017-02-03 - Oil giant Shell informed on Friday that Zoe Yujnovich will succeed Andrew Smith as chairman of the Shell companies in Australia from April 1, 2017. Smith will take up the position of Executive Vice President Trading & Supply from May this year. Thirty years after starting his career at Geelong Refinery, Smith will return..
Chevron restarts Gorgon train
2017-01-04 - Energy giant Chevron has resumed production at one of its two production units at the Gorgon LNG plant in Western Australia, following a shutdown in late November 2016.  The Barrow Island-located Gorgon project is supplied from the Gorgon and Jansz-Io offshore gas fields. According to information provided to Offshore Ene..
Chevron reduces capex to $20B. Earmarks most of it for upstream business
2016-12-08 - Chevron has reduced its capex to $19.8 billion for 2017, a steep drop from a year ago levels. The 2017 budget represents a reduction of 42 percent from 2015 outlays and is expected to be at least 15 percent lower than projected 2016 capital investments, the company said. The budget for 2015 had been $35 billion; and $26.6 ..
Chevron temporarily stops output at one Gorgon unit
2016-11-30 - Energy giant Chevron has temporarily suspended output from one of its two production units at the Gorgon LNG plant in Western Australia.  The Barrow Island-located Gorgon project is supplied from the Gorgon and Jansz-Io offshore gas fields. Chevron claims Gorgon is one of the world's largest natural gas projects with a t..
Wood Group and Technip complete 11 years of Gorgon work
2016-09-07 - Wood Group and Technip have recently completed 11 years of engineering and project management services on the Chevron-operated Gorgon project off Western Australia. To remind, Wood Group and Technip formed the Gorgon Upstream Joint Venture (GUJV) in 2005 to deliver front-end engineering and design (FEED) services and provide ..
Chevron evacuates workers, halts production after Gorgon gas leak
2016-07-01 - Chevron has reportedly experienced a gas leak at its Gorgon liquefied natural gas (LNG) project on Barrow Island off the northwest coast of Western Australia that lead to an evacuation of workers and suspension of production.  The Gorgon project is supplied from the Gorgon and Jansz-Io gas fields, located within the Great..
Chevron: Gorgon faces up to 60 days of shutdown
2016-04-06 - Chevron informed on Wednesday that liquefied natural gas (LNG) production at the Gorgon Project on Barrow Island off the northwest coast of Western Australia has been temporarily halted due to mechanical issues and a restart is expected within 30-60 days.  The mechanical issue is with the propane refrigerant circuit on Trai..
Report: Hefty repair bill in line for Chevron. Date of 2nd Gorgon LNG shipment uncertain
2016-04-01 - U.S. oil major Chevron is experiencing mechanical problems with its giant Gorgon field development in W. Australia, and according to the Australian media, the repair bill is expected to be a hefty one. The Barrow Island-located Gorgon project, supplied from the Gorgon and Jansz-Io gas fields, started producing first LNG early..