Safety
Chevron's Gorgon LNG faces up to $1.4B hit to fix cracks
After action by safety regulators Chevron will progressively shut down all LNG trains at Gorgon to fix faulty welds in propane-filled pressure vessels.
Chevron's Gorgon LNG project on Barrow Island began operating in 2016 has the world's third-largest carbon capture and storage system.
Safety
After action by safety regulators Chevron will progressively shut down all LNG trains at Gorgon to fix faulty welds in propane-filled pressure vessels.
Chevron
Chevron's ambitious injection of Gorgon CO2 shaped the $US54B LNG project and a year after starting up 2.5 years late its long-term performance remains to be proved.
Safety
Chevron faces shutting Gorgon LNG down to make it safe after WA safety regulators responded to reports of thousands of cracks in propane-filled vessels.
Safety
Chevron has "put additional mitigations in place" to protect workers while it mulls what to do with two giant LNG trains operating at Gorgon that could have defective welds.
Chevron
Chevron intends to have cracked propane vessels fixed and Gorgon LNG back in full production by September as it awaits inspection by the safety regulator.
Safety
The safety and economic stakes for Gorgon LNG are high as WA Government inspectors soon head to Barrow Island to check on Chevron's cracked pressure vessels.
Safety
Safety regulators knew nothing of cracked pressure vessels at Chevron's Gorgon LNG plant until alerted by media reports and now plan to inspect the equipment themselves.
Safety
Thousands of cracks raise questions about the safety of the Gorgon LNG plant and operator Chevron will decide to shutdown or maintain revenue, with the safety regulator on the sidelines.
Carbon Emissions
Chevron has been denied a two-year free pass on Gorgon greenhouse gas emissions by the WA Government that could cost it more than $80 million, and there may be a future bill for Wheatstone as well.
Chevron
Chevron boss Mike Wirth is not distracted by renewables as he pushes for more and lower cost production and looks to move gas through Woodside's Scarborough project.
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Chevron has paid the Australian Taxation Office $US654 million ($866 million) under a partial settlement of its dispute with the tax office over intercompany loans and slashed the interest rate it charged its Australian subsidiary.
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The Gorgon and Wheatstone LNG projects are now enjoying cash margins of more than $US30 a barrel at a $US50 price and production from the $111 billion mega-projects is expected to increase.
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Chevron's $2.5B effort to cut bury emissions from its Gorgon LNG project has been thwarted by equipment failures.
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Chevron chief executive John Watson says his company should have done more engineering and planning before it sanctioned the Gorgon LNG project in 2009.
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Too much hot air around the LNG trains on Barrow Island has caused Chevron to flag a production cut at Gorgon as the US giant tackles problems onshore and offshore.
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Chevron’s Gorgon project has to start injecting CO2 underground or it can emit more CO2 than all of Collie’s coal-fired power stations.