Just a few years ago hopes were running high Down Under. Liquefied natural gas (LNG) prices were increasing almost every month on the back of increased gas demand from Japan amid the shut down of its 50 nuclear reactors after the Fukushima nuclear accident in March 2011. Australia, who had already begun an unprecedented LNG… Keep reading →
Chevron announced earnings of $5.0 billion for the 3rd quarter, down from $5.3 billion in the corresponding reporting period last year. Upstream operations outperformed the company’s refining and marketing business, which was hit by thinner product margins. “Our third quarter earnings were down from a year ago,” said Chairman and CEO John Watson in a… Keep reading →
Expect the promised benefits of natural gas to really begin hitting the North American economy in the second half of this decade, said Chevron Vice President of Supply and Trading Greg Vesey at the North American Gas Forum in Washington, DC this week. It will take two to three years to complete construction of manufacturing… Keep reading →
