TRADE AND COMMODITIES

Chevron to target deepwater and LNG projects worldwide

DEEPWATER oil developments and liquefied natural gas projects will dominate US oil major Chevron’s upstream spending next year as it strives to increase oil and gas production during the next decade.

Boost for Hancock’s Galilee coal project

QUEENSLAND will declare the coal rail corridor from Alpha and Kevin’s Corner to Abbot Point an infrastructure facility of significance, the state government announced last week.

K Line in for the long haul with Rio Tinto deals

JAPAN’s Kawasaki Kisen Kaisha has inked its first ever long-term charter agreements with Australian mining giant Rio Tinto with two deals that brokers said could be worth around US$186m for the combined life of the charters.

QR locks in $2bn Xstrata haulage contract

QR WILL haul coal from Xstrata’s Newlands, Collinsville, Oaky Creek and Rolleston mines in Queensland as part of a $2bn contract announced last week.

New Western Australian gas find near Gorgon

CHEVRON has found another large gas field off Western Australia to tie into the Gorgon liquefied natural gas project. The California-based company discovered 130metres of net gas pay in the Satyr structure it drilled into using the Ensco 7500 semi-submersible rig.