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Chevron Halts Production At Gorgon Plant For Second Time This Year

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By Lincoln Brown – Jul 01, 2016, 3:18 PM CDT

For the second time this year, Chevron has stopped production at its Gorgon liquefied natural gas operation in Australia. The plant had to be evacuated after a gas leak was detected.

Chevron will make the necessary repairs to the plant before restarting production next week. The plant is a joint venture with ExxonMobil, Shell, Osaka Gas, Tokyo Gas and Chubu Electric Power. The terminal, which is also owned in part by Exxon Mobil and Royal Dutch Shell, will still load cargo during the interim. read more

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Can This Troubled LNG Project Still Deliver for Chevron, ExxonMobil, and Royal Dutch Shell?

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By Jay Yao: Jun 4, 2016

Australia’s Gorgon LNG is one of the largest liquefied natural gas projects in the world. When complete, the Gorgon is expected to produce 15.6 million metric tons of LNG a year and last for 40 years. For Australia, the Gorgon was supposed to add hundreds of billions of dollars to Australia’s GDP and employ thousands of people. For the companies that invested, Gorgon was supposed to be one of the cornerstones of their LNG portfolios and deliver long-lasting shareholder value. read more

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Logistics and Lizards Disrupt Chevron’s Project Off Australia

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Screen Shot 2015-07-04 at 13.26.18Chevron agreed to share the cost with Exxon Mobil, Shell and three Japanese power companies, Osaka Gas, Tokyo Gas and Chubu Electric Power. “This is probably the last of the megaprojects for the oil companies for a while…”

By A. ODYSSEUS PATRICK: JULY 3, 2015

SYDNEY, Australia — Getting anything to Chevron’s gas-processing plant on Barrow Island is a bit of a trick.

Some supplies travel 15 hours from Perth to a supply base for shipping. En route, trucks cannot stop under trees, to avoid picking up bugs and bird droppings. When people and cargo finally make it to the island, an army of 300 enforces a quarantine: Every Velcro strap on clothing and bags is checked for seed pods, boots are scrubbed free of dirt and pants with cuffs never even make it ashore. read more

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Shell casts doubt on Chevron’s Gorgon gas field start date

Extract from a BusinessDay article by Angela Macdonald-Smith published 15 March 2014

Royal Dutch Shell has cast doubt on the start-up schedule for Chevron’s $US54 billion ($59.6 billion) Gorgon liquefied natural gas project in Western Australia, signalling it expects production to begin in 2016, at least six months after Chevron’s official start-up date.

Shell – which has a 25 per cent stake in the huge venture, Australia’s largest single resources investment – classified Gorgon in a presentation released overnight as a project starting up in ”2016-2018”. Only this week, Chevron restated its timing of mid-2015. read more

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Shell says no need to rush Australia Gorgon LNG expansion

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PERTH | Wed Feb 20, 2013 5:01am EST

Feb 20 (Reuters) – There is no need to rush the expansion of the $52-billion Gorgon liquefied natural gas (LNG) complex, the chairman of Shell Australia said on Wednesday, adding that the company wanted to avoid distraction while it kept the project on track.

Shell holds a stake of 25 percent in the Gorgon development, located off the coast of northwest Australia and spearheaded by Chevron. Now 55 percent complete, it will be Australia’s largest, with an output of 15.6 million tonnes per annum (mtpa). read more

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Shell may feed Arrow gas into rivals’ Australian LNG plants

Tue Nov 20, 2012 2:35am EST

* Final investment decision likely delayed for Arrow LNG

* Shell may sell gas to rivals’ LNG plants

* Cost blowout still an issue -source

* Decision not to move forward with plant would be prudent -analysts

By Rebekah Kebede and Sonali Paul

PERTH/MELBOURNE, Nov 20 (Reuters) – Royal Dutch Shell may delay a final decision on whether to push ahead with its Arrow liquefied natural gas plant in Australia as it considers feeding its gas into other LNG projects in the area due to rising costs. read more

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Shell plans $30 bln, 5 year Australia investment

July 8, 2011, 2:45 p.m. EDT

By London Bureau

LONDON (MarketWatch) — Anglo-Dutch oil giant Royal Dutch Shell PLC (RDSA.LN, RDSB.LN, RDSA, RDSB) plans to invest $30 billion in Australia over the next five years, Chief Executive Peter Voser said in an interview with Swiss newspaper Finanz und Wirtschaft to be published Saturday.

The country is a key part of Shell’s liquefied natural gas, or LNG, strategy. Shell aims to produce significantly higher volumes of LNG in coming years, including from the A$43 billion Gorgon project offshore Western Australia state, in which it has a 25% interest. read more

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Chevron, Partners May Approve Gorgon LNG in August

The venture partners, which include Exxon Mobil Corp. and Royal Dutch Shell Plc, are working toward a final investment decision by the end of the year, Colin Beckett, Chevron’s manager for the Greater Gorgon area, reiterated yesterday.

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Green regulator backs Australian gas project plan

"Gorgon has the potential to supply natural gas for the next 40 years," Mr Beckett said. Chevron's partners in the Gorgon venture are ExxonMobil and Royal Dutch Shell, with each owning 25 per cent stakes.

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Gorgon project wins conditional approval

Chevron’s partners in the Gorgon venture are ExxonMobil and Royal Dutch Shell, with each owning 25 per cent stakes.

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Australia gas decision nears

Chevron's huge Gorgon liquefied natural gas project off the coast of western Australia is set to be given the go-ahead in the coming months, establishing the project as one of the world's biggest energy ventures. Chevron will operate Gorgon and has a 50 per cent stake in the venture, with 25 per cent held by ExxonMobil and Royal Dutch Shell.

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The dawn of a disturbing new reality

Royal Dutch Shell has dropped its proposed investment in plans to build the world's biggest offshore wind farm, the London Array, to concentrate on less risky US onshore wind power.

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Chevron Says Australian Carbon-Trading Plan Is a Threat to LNG

The Australian government proposes to start a carbon trading system on July 1, 2010, to tackle emissions blamed for global warming. Woodside Petroleum Ltd. and Royal Dutch Shell Plc are among other LNG producers in Australia who say a proposed draft of the plan, which excludes LNG companies from free emissions allowances, would threaten new projects.

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Chevron to Maintain Asian Spending, Unfazed by Crisis

Chevron's proposed Gorgon LNG project has already been delayed several years. It was first put on hold in 1998 when the Asian economic crisis hit. More recently, the venture, which includes Royal Dutch Shell Plc and Exxon Mobil Corp., scrapped a timeline for approving and building the plant as they seek to tackle a surge in construction costs.

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Chevron Australia declares Gorgon project’s time is now

He said that the Greater Gorgon project, in which Chevron is partnered with Royal Dutch Shell and Exxon Mobil, will generate over $A33 billion worth of goods and services to Australian suppliers, while it will generate tax revenue of about $A39.8 billion (at 2008 prices).

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Gorgon gets the cash flowing

CHEVRON, ExxonMobil and Royal Dutch Shell have agreed to pump more than $1 billion into the Gorgon liquefied natural gas project over the next 12 months in hopes of making a final investment decision on the long-delayed development.

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Shell: time to deliver

GOOD things come to those who wait. No pain, no gain. Every cloud has a silver lining. For investors in Royal Dutch Shell in need of a pep talk, these might be clichés worth repeating.

There is a chance – however remote – that growth might come inorganically, says ABN Amro, describing a merger with BP or Total as "possible and desirable"

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Gorgon’s Delays May Force Tokyo Gas, Chubu to Pay More for LNG

The development, which has no scheduled start date, has been dogged by regulatory obstacles, spiraling costs, and delays by partners Royal Dutch Shell Plc and Exxon Mobil Corp.

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NEW YORK TIMES: Aggressive Search by Cnooc for New Oil and Gas Seen

NEW YORK TIMES: Aggressive Search by Cnooc for New Oil and Gas Seen

The Chinese energy company Cnooc is preparing to mount an aggressive international search for oil”

Friday 5 August 2005

By DAVID LAGUE,

International Herald Tribune

Published: August 5, 2005

BEIJING, Aug. 4 – The Chinese energy company Cnooc is preparing to mount an aggressive international search for oil and gas supplies in the aftermath of its failed bid for Unocal, oil industry experts say.

In announcing on Tuesday that it would abandon its $18.5 billion offer, Cnooc, shorthand for the China National Offshore Oil Corporation, signaled that it would continue to work with foreign governments and companies in its search for overseas oil and gas reserves. read more

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DOW JONES NEWSWIRES: INTERVIEW: Unocal Tensions Not Derailing Gorgon Gas Talks

DOW JONES NEWSWIRES: INTERVIEW: Unocal Tensions Not Derailing Gorgon Gas Talks

“Estimated to cost at least A$11 billion and produce its first gas in 2010, Gorgon is 50% owned and operated by Chevron. Royal Dutch/Shell Group (RD) and ExxonMobil Corp. (XOM) each own 25% of the venture.”

Thursday 14 July 2005

By Veronica Brooks

Of DOW JONES NEWSWIRES

CANBERRA (Dow Jones)–Negotiations between China National Offshore Oil Corp. and the Chevron Corp. (CVX)-led Gorgon liquefied natural gas project are still alive, Australia’s Industry and Resources Minister Ian Macfarlane said Thursday. read more

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Australia’s Gorgon LNG project partners say talks with China’s CNOOC continue

AFX Europe (Focus): Australia’s Gorgon LNG project partners say talks with China’s CNOOC continue

“In October 2003 CNOOC and the Gorgon partners, Chevron, Exxon Mobil Corp and Royal Dutch Shell, signed an agreement that called for the parties to “place a significant volume of Gorgon LNG for use in the growing Chinese market.”

Thursday July 07, 2005

SYDNEY (AFX) – Officials from the Chevron Corp-led Gorgon project, off Australia’s north-west coast, have denied a newspaper report that China National Offshore Oil Company has pulled out of negotiations for a liquefied natural gas (LNG) supply contract.

Gorgon partners spokesman Scott Walker, an employee of Chevron, told XFN-ASIA that “confidential discussions are on-going with CNOOC and have been since 2003.”

Walker said rumors that CNOOC had pulled out could have originated an interview that CNOOC chairman Fu Chengyus gave to The Wall Street Journal on July 6. read more

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THE AUSTRALIAN: Shell and Chevron boldly go into the abyss together

THE AUSTRALIAN: Shell and Chevron boldly go into the abyss together

Wednesday July 06, 2005

Nigel Wilson, Energy writer

CHEVRON and Shell Australia have joined forces in a bold, new program to explore the deep-water Exmouth Plateau west of the Greater Gorgon gas discoveries in the Indian Ocean.

For Shell, the program marks its return to exploration in Australia after an absence of about a decade.

Chevron and Shell successfully bid for the exploration rights to four deep-water blocks in the Carnarvon Basin.

Chevron is the operator for the 50-50 partnership which bid a three-year work program, including seismic reprocessing, more than 3000km of two-dimensional seismic, 3500km of three-dimensional seismic and the drilling of two exploration wells. read more

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