Apache Said to Seek Buyer for Wheatstone LNG Project Stake

By Brett Foley and James Paton July 7 (Bloomberg) -- Apache Corp., the energy company that has announced $9.8 billion of asset sales in the past year, is seeking a buyer for its interests in the Wheatstone liquefied natural gas project, people familiar with the matter said. The oil and gas producer is in early discussions with potential buyers for its holdings in Chevron … [Read more...]

Shell Exits Wheatstone LNG

Jan. 20 (Bloomberg) -- Royal Dutch Shell Plc, Europe’s largest oil company, will exit the Wheatstone LNG project in Australia after selling its interests for $1.14 billion to Kuwait Foreign Exploration Petroleum Co. Shell, which had been involved in seven liquefied natural gas projects in the country, will concentrate investment away from the Chevron Corp.-led venture in … [Read more...]

Dockwise Awarded Largest Contract Ever by Bechtel

Royal Boskalis Westminster N.V. announced today that their heavy-lift subsidiary Dockwise has been awarded a contract by Bechtel for Module Transport Services in support of the Chevron-operated Wheatstone Project in Western Australia. The contract value is estimated at approximately USD $275 million making it the largest contract ever for Dockwise. Commencing in early 2014, … [Read more...]

Japanese Consortium Gains Nearly $2 Billion in Financing for Wheatstone LNG Development

TOKYO--Japan Bank For International Cooperation has signed a contract to lend up to $1.927 billion dollars to a Japanese consortium that owns a minor stake in the Wheatstone liquefied natural gas project in Western Australia, the bank said in a statement Tuesday. "LNG supply from Australia, where there are rich gas reserves and very small political risks, has been more and … [Read more...]