Chevron will not be making a final investment decision on the Kitimat LNG project in 2015, Pat Yarrington, the company's vice president and chief financial officer told the first quarter earnings conference call Friday, May 1. All FIDs for Chevron projects around the world, with one exception, are on hold for this year Yarrington said. […]
Woodside Petroleum, the new partner with Chevron in the Kitimat LNG project is raising US$1 billion through the issue of corporate bonds into the U.S. market "to fund its capital and exploration expenditure program." A news release from Woodside says "the bonds will be issued by Woodside Finance Ltd, a wholly owned subsidiary of Woodside […]
A US-based engineering and consulting firm, Black & Veatch has issued an optimistic outlook for liquified natural gas exports from both Canada and the United States. Looking at the the number of LNG export licenses issued to projects "that are likely to proceed," Black & Veatch raised its forecast for LNG exports by 2020 from the […]
The Australian Business Review is reporting that Woodside Petroleum, a cash rich Australian energy company, has its eye on Apache's 50 per cent stake in the Kitimat LNG project. As part of any deal, Woodside would probably also have to buy Apache's stake in the Australian Wheatstone LNG project, which is also up for sale. […]
Apache will “completely exit” the Kitimat LNG project, company CEO Steven Farris told investors Thursday as the company reported its second quarter results. The pull out from Kitimat is part of a plan by Apache to spin off assets that are not part of its “base business” so it can concentrate on its “North American […]
Tropical fish are migrating into what were once temperate water as a result of ocean warming and that poses a serious threat to the areas they invade, because they overgraze on kelp forests and seagrass meadows, according to a new study from the University of New South Wales in Australia The study says the harmful impact […]
Special report: Clio Bay cleanup: Controversial, complicated and costly Haisla First Nation Chief Counsellor Ellis Ross says the Haisla made the proposal to the KM LNG project, a partnership of Chevron and Apache, to use the marine clay to cover the thousands of logs at the bottom of Clio Bay after years frustration with the Department […]
Could the future of northwestern British Columbia's hoped for natural gas boom depend on the outcome of this weekend's Australian general election? While the mainstream media in North America has mostly been following the personal feud between Prime Minister Kevin Rudd and Opposition Leader Tony Abbott or speculating whether or not Wikileaks founder Julian Assange's […]
Kitimat LNG is in a “horse race” with an LNG project in Western Australia--and at this point, according to the Australian media--Kitimat is winning, even though the Australian Gorgon project is much further ahead while the Kitimat LNG project at Bish Cove hasn't really started. The Australian reports come from the same conference call Chevron […]
PetroChina went on a multi-billion dollar natural gas buying spree Thursday, Dec. 13, 2012, picking up shares in operations in both Canada and Australia. In Canada, Encana, one of the partners in the Kitimat LNG project, signed a joint venture arrangement with Phoenix Duvernay Gas, a wholly owned subsidiary of PetroChina, to explore and develop Encana's extensive […]