Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

Monday, January 17, 2011

Gorgon gas project delayed

The Gorgon gas project is suffering from construction delays. The delays have already affected Australian contractor AJ Lucas who has warned its first half profits were likely to drop. AJ Lucas is contracted to provide shore crossings to link the upstream facilities for the Gorgon gas project to the onshore infrastructure on Barrow Island.

Wednesday, December 1, 2010

Gorgon distributing $9 billion of work to Australian firms

The Gorgon gas project has delivered around $9 billion in work to Australian firms so far. Most of the work has been given to WA companies. There are currently around 85 boats and ships around Barrow Island involved with the construction of the Gorgon gas project.

Monday, August 30, 2010

Neptune gets 2 more Gorgon contracts

Neptune Marine Services has won 2 more contracts to provide dive and vessel support services on the Gorgon gas project. Neptune Marine Services is a leading subsea engineering solutions/services provider with a presence in Australia, the United States, and the United Kingdom.

The contracts give the company an extra 14 months work at the Gorgon site.

Saturday, August 14, 2010

Gorgon accommodation ship damaged

The ship used to accommodate workers at the Gorgon gas project site has been damaged. As previously reported by gorgongasproject.com, the cruise liner MS Finnmarken was brought to Barrow Island to house construction workers on the Gorgon site. It is believed the ship pulled away from its mooring at the Gorgon site and continued to sail to Dampier despite damage to its hull. The Western Australian government is now investigating the incident as it may have put the lives of some of the 270 workers on board at risk.

Thursday, July 29, 2010

Monadelphous wins Gorgon contract

Monadelphous has won an $85 million contract for the installation of onshore pipelines, cables and tubes at the Gorgon gas project. Managing director of Monadelphous, Rob Velletri, said "This contract supports our objective of sustainable long term growth through expansion of our services with quality customers such as Chevron".

Thursday, July 1, 2010

AGR Drilling Get Gorgon Contract

AGR Drilling Services will provide excavation services to the Gorgon gas project as part of a $7 million contract wtih Van Oord Australia. The excavation project is expected to save the Gorgon owners a substantial amount of money by allowing for a 90km pipeline to be laid in a more direct route to shore.

Thursday, May 20, 2010

Gorgon and Wheatstone to create over 16,000 jobs at peak

Chevron has said that it expects the Gorgon and Wheatstone projects to create 16,500 jobs at their peak.
The Gorgon gas project is expected to supply 8% of global lng when fully operational.

Wednesday, May 5, 2010

Gorgon contract won by Kencana

Kencana of Malaysia has won a $51.7 million contract for fabrication work in the Gorgon gas project. As part of the contract the company will supply pre-assembled racks for the fabrication of the marine and jetty structures at the Gorgon project site.

Tuesday, April 27, 2010

Nearly 3,000 jobs created at Gorgon

The Gorgon gas project has generated almost 3,000 jobs so far according to Chevron. The company currently emplyos 1,800 people in Australia but is due to hire a further 700 people this year. Gorgon and other gas projects in Australia are the centrepiece of Chevron's growth strategy.

Wednesday, April 14, 2010

Gorgon workers to live on luxury liner


Chevron has announced plans to house Gorgon construction workers on a luxury liner. The workers will live there until a permanent settlement is built on Barrow Island. The liner is called the Finnmarken and is from Norway. The vessel can accommodate 350 workers.

Wednesday, March 31, 2010

Gillard tours Gorgon gas project site

Deputy Prime Minister Julie Gillard toured the construction site of the Gorgon gas project this week as part of a tour of LNG projects in Western Australia.
The Deputy PM encouraged people down on their luck in the eastern states to look at projects such as Gorgon for job opportunities. The Gorgon construction site is not much to see at the moment, but by 2014 Barrow Island will be home to the most sophisticated LNG project in the world.

Monday, March 22, 2010

Gorgon to push resources salaries higher in WA

Resources salaries are expected to start rising soon as projects such as Gorgon ramp up. Salaries have been flat recently, but the increase in business activity should increase salaries within the next few months. This year has brought renewed confidence to the resources sector in Western Australia.

Tuesday, February 16, 2010

Gorgon to help Australia enter new boom period

Rising Asian demand for cleaner-burning fuels from projects such as Gorgon may boost Australia's economy by 0.25 percent a year over most of the next decade says a leading analyst. LNG projects could also increase tax revenue by A$125 billion during the next 10 years. LNG projects valued at more than A$80 billion are scheduled for final investment decisions in 2010.

Wednesday, November 25, 2009

Chubu of Japan to buy part of Gorgon LNG project

Japanese utility Chubu Electric Power Co is to 0.417% of Australia's Gorgon LNG project from U.S. oil giant Chevron. The stake is said to be worth around $170 million.

Chubu also said it would buy 1.44 million tonnes of LNG per year from the project's operator Chevron for 25 years from 2014.

Thursday, November 19, 2009

$60m Gorgon contract won by Monadelphous

Monadelphous Group Ltd has won a $60 million contract for facilities management services at Chevron's massive Gorgon liquefied natural gas project on Barrow Island in Western Australia.

Monadelphous is scheduled to commence work on site at Barrow Island in February. The contract is initially for three years, with the option for two further one-year extensions.

Thursday, October 8, 2009

Gorgon project could get bigger: Chevron

Chevron has said that it would like to expand its recently announced Gorgon liquefied-natural-gas project in Western Australia, but that will depend on the available reserves and completion of third production train.

"From Day One, we've always looked at a master plan that would allow us to put five trains on the island," Chevron's George Kirkland said on the sidelines of the World Gas Conference.

In addition to Chevron's operating stake of 50% in Gorgon, Exxon Mobil Corp and Royal Dutch Shell PLC each hold a 25% share.

Monday, September 28, 2009

Gorgon to generate 10,000 jobs

The massive Gorgon Gas Project in Western Australia is expected to create up to 10,000 direct and indirect jobs. Already around 1,000 people are already working on Gorgon's design and procurement. Chevron has already received a number of unsolicited applications from jobseekers for all operations, engineering, supply chain and logistics areas.

Friday, September 25, 2009

Gorgon logistics services contract won by DB Schenker

The Integrated Logistics Services (ILS) contract for the Gorgon Gas Project has been won by DB Schenker. The contract is worth around AU$590 million.

Ron Koehler, CEO Schenker Australia Pty Ltd, commented: "We have a successful track record in upstream and downstream oil and gas projects given our ability to deliver services on time and in budget. We are proud to be part of such a significant project as Gorgon and committed to deliver a best in class service. Already we have in place a core project team, whose numbers will be growing significantly following the commencement of operations on the 15th of September 2009."

Friday, September 18, 2009

Contractors vie to secure Gorgon gas deals

The Gorgon gas project has contractors lining up for a slice of the $43 billion it is expected to cost to build. Already $2 billion has been signed-off and about 1,400 new jobs created.
One of the contractors who has recently secured a Gorgon deal is Compass Australia, which won a 150 million three-year contract to feed workers on the gas project.
The company is planning to hire 1,000 people in WA during the next 8 months.

The Gorgon project, Australia's all time biggest resources project, is due to start producing gas for sale in 2014.

Wednesday, September 16, 2009

Korea Gas Corp agrees to buy Gorgon gas

Korea Gas Corp has agreed to buy 1.5 million tons of liquefied natural gas a year from Chevron. The gas will come from the Gorgon gas project. It is the largest long-term LNG deal ever signed between Australia and South Korea and is estimated to be worth 30 billion Australian dollars ($26 billion). The South Korea government-owned buyer has an option to extend the 15-year agreement for a further five years.