Chevron Corp., operator of the A$52 billion ($49 billion) Gorgon natural gas venture in Australia, said some “uncertainties” remain in the construction of the project after its budget last year jumped 21 percent.
Chevron Corp., the second-largest U.S. oil company, said it’s in talks with customers to sell more liquefied natural gas from its Gorgon project in Australia and to boost the amount sold under long-term contracts.
The carbon capture project linked to Chevron Corp.’s Gorgon liquefied natural gas project off the northwest coast of Australia is on track to begin injections in 2015, Australian energy minister Martin Ferguson said.
Chevron Corp. said it aims to supply China’s largest oil company with liquefied natural gas from its proposed Wheatstone project in Australia, the nation at the center of the U.S. energy producer’s growth plans.
Paul Eaton moved to Karratha 10 years ago with a fledgling building business. Now he and his 40 employees can’t build homes quickly enough in the remote Western Australian mining town where demand for land is so hot that the government organizes lotteries to select buyers.
Chicago Bridge & Iron Co. fell the most in almost a year after agreeing to buy Shaw Group Inc. for about $3 billion as the energy construction and engineering company expands its nuclear building services.
Chevron Corp. , the second-largest U.S. energy company, said Royal Dutch Shell Plc agreed to acquire a stake in its proposed A$20 billion ($21 billion) Wheatstone natural gas project in Western Australia.
Kentz Corp., an Irish oil and gas engineering company whose customers include Exxon Mobil Corp. and Royal Dutch Shell Plc, rose to a record in London trading after winning a $2.3 billion contract in Australia.
Tropical cyclone Lua is forecast to strengthen and unleash destructive winds and heavy rainfall on Australia’s northwest coast as Chevron Corp. evacuates workers from gas projects and iron ore ships steam out to sea.