Articles tagged Chevron Corp.

Tropical Storm Francine shifted eastward Tuesday, sparing the coastal corridor on the Louisiana and Texas borders where LNG export facilities are concentrated from a direct hit, but the strengthening system was impacting vessel traffic and offshore oil and gas production.

Having achieved record quarterly production of natural gas and oil in the Permian Basin during the second quarter, Chevron Corp. is keeping its foot on the accelerator into next year, according to CEO Mike Wirth.

Global natural gas prices continued to trade sideways on Monday as ample supplies were available and forecasts were largely unchanged.

Dealmaking among U.S. natural gas and oil operators is showing few signs of slowing, as consolidation is giving rise to the question of how long the industry revamp would continue.

Despite multiple maintenance and outage events weighing on LNG supply and dwindling storage levels, European natural gas prices were cooling again while Asian buyers kept drawing cargoes.

Chevron Corp. said Tuesday it has shut down LNG production at its Wheatstone export terminal in Western Australia for repairs at a time when other outages are keeping the global natural gas market tight.

Chevron Corp.’s Freeman Shaheen is on a mission to meet what he expects could be years of increased natural gas consumption – and decades of enduring demand ahead. However, he said the industry broadly needs a leg up from policymakers in the nation’s capital.