Chevron (CVX) Suspends Wheatstone LNG Project for Repairs [Yahoo! Finance]
Chevron Corporation (CVX)
Last chevron corporation earnings: 5/1 06:45 am
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Source: Yahoo! Finance
Two-train facility, with a capacity of 8.9 million tons per annum, is currently offline to facilitate repairs to the fuel system on the Wheatstone offshore platform. Additionally, CVX had to turn off production at its Wheatstone domestic gas project, domgas, late on Monday. According to local reports, the facility may remain non-operational until Friday. Let's delve into the intricacies of this suspension, the implications for CVX and the broader impacts on the LNG market. Reasons Behind the Suspension Fuel System Issues: The primary cause for the suspension of operations at the Wheatstone LNG project was the need for repairs to the offshore platform's fuel system. This platform is critical because it delivers feed gas from the Wheatstone and Iago fields to onshore facilities near Onslow, Western Australia. The significant size and complexity of this platform make these repairs particularly challenging and time-consuming. Impact on Production: CVX's spokesperson confirmed the
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