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RDSB Shell Plc

1,894.60
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Shell Plc LSE:RDSB London Ordinary Share GB00B03MM408 'B' ORD EUR0.07
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1,894.60 1,900.40 1,901.40 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Chevron Says Gorgon JV to Invest Around US$4 Billion at Jansz-Io Gas Field

02/07/2021 4:15am

Dow Jones News


Shell (LSE:RDSB)
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   By David Winning 
 

SYDNEY--Chevron Corp. signaled its largest capital investment in Australia for three years, joining with partners in the Gorgon liquefied natural gas project to approve US$4 billion of spending on technology to maintain gas supply from the Jansz-Io field.

Chevron said a floating Field Control Station weighing 27,000 metric tons would be built and installed at the Jasnz-Io field, along with around 6,500 tons of subsea compression infrastructure and a 135-kilometer underwater power cable that will connect to the existing Gorgon facility on Barrow Island.

Construction and installation would take around five years, said Chevron, which has a 47.3% stake in Gorgon and acts as operator. Other shareholders include ExxonMobil Corp. and Royal Dutch Shell PLC, each with a 25% interest.

 

Write to David Winning at david.winning@wsj.com

 

(END) Dow Jones Newswires

July 01, 2021 23:13 ET (03:13 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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