Gorgon LNG

Chevron Announces 7.2 Billion Dollar Quarterly Profit

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 →

Rain And High Winds Battering The UK

Australia is poised to overtake tiny Persian Gulf natural gas powerhouse Qatar as the world’s largest LNG exporter in coming years, but cost overruns, labor issues and fierce competition for resources have caused project delays or cancellations. So many are wondering which projects ultimately get built, when will they come on stream and how much… Keep reading →