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Monadelphous lands Barrow Island job from Chevron
2015-08-17 - Engineering company Monadelphous Group Limited has won a new three-year deal with Chevron in Australia. The deal is for facilities maintenance services related to the Barrow Island assets, offshore W. Australia, operated by Chevron Australia Pty Ltd. The contract is for the operation and maintenance of support facilities..
Chevron's 2Q profit slips on impairments
2015-07-31 - Chevron Corporation, an American multinational energy corporation, Friday reported earnings of $571 million for the second quarter 2015, compared with earnings of $5.7 billion in the same period last year.  Included in the quarter were impairments of $1.96 billion and other charges of approximately $670 million relating to..
Civmec bags two oil & gas gigs in Australia
2015-06-03 - Australian oilfield services provider Civmec has been awarded two oil and gas industry related contracts on behalf of GE Oil & Gas and FMC Technologies, respectively. On behalf of GE Oil & Gas, Civmec will be constructing and testing Chevron-operated Gorgon project's  new 34 inch Subsea Pig Launcher/Receiver (SSPLR)..
Chevron 1Q income falls to $2.6 B
2015-05-04 - Chevron Corporation has reported earnings of $2.6 billion for first quarter 2015, compared with $4.5 billion in the 2014 first quarter. Foreign currency effects increased earnings in the 2015 quarter by $580 million, compared with a decrease of $79 million a year earlier. Sales and other operating revenues in first quar..
Chevron strikes gas in Greater Gorgon Area (Australia)
2015-04-30 - Chevron today made a natural gas discovery in the Greater Gorgon Area located in the Carnarvon Basin, offshore northwest Australia. The Isosceles-1 exploration discovery well encountered approximately 134 metres (440 feet) of net gas pay in the Triassic Mungaroo Sands in 968 metres of water (3,175 feet). The well fulfilled ..
Voluntary retirement payouts deepen Hyundai's 1Q net loss
2015-04-28 - South Korean ships and drilling rigs builder Hyundai Heavy Industries has reported its net loss for the 1Q of the year widened to 125.2 billion ($117.2 million) won from 37.9 billion won ($35.5 million) quarter on quarter. The company's sales declined 11.7 % quarter-on-quarter from 13.8461 trillion Korean won ($12.95 bil..
Australia renews six retention leases to support Gorgon
2015-04-17 - The Commonwealth-Western Australia (WA) Offshore Petroleum Joint Authority has granted the renewal of six retention leases scheduled to feed into the $55 billion Chevron-operated Gorgon Project which is nearing production. The Joint Authority also granted renewal of the West Tryal Rocks retention lease. The decision was made ..
Chevron executive VP of Upstream retires
2015-03-31 - Chevron Corporation has confirmed today that George L. Kirkland, vice chairman and executive vice president, Upstream, will retire from the company, effective June 15. He will be succeeded by James W. (Jay) Johnson, as executive vice president, Upstream, effective June 16. "George's business acumen and deep operational kn..
ITF questions Chevron's safety procedures after workers left trapped on Barrow Island
2015-03-16 - The International Transport Workers’ Federation has said it was worried for the welfare of workers trapped on Barrow Island, offshore W. Australia, as they prepared for the arrival of Tropical Cyclone Olwyn. More than 1,000 workers were stranded on Barrow Island, off the north-west coast of Australia, after Chevron stuffed ..
Exxon Mobil reduces 2015 capex by 12%
2015-03-04 - U.S. oil giant Exxon Mobil today said it expects its capital expenditure for 2015 will be $34 billion in 2015 – 12 percent less than in 2014. The company further said that annual capital and exploration expenditures are expected to average less than $34 billion in 2016 and 2017. “We are capturing savings in raw mater..