Chevron Expects Wheatstone Platform LNG Production To Resume In Coming Weeks: Report

Chevron Corporation CVX has reportedly started repair operations on its Wheatstone platform in Australia, and the company expects the work to conclude in the coming weeks.

A spokesperson stated that LNG and domestic gas production at Wheatstone’s onshore facilities near Onslow, Western Australia, has been suspended due to the offshore platform’s provision of gas, reported Reuters.

The spokesperson added, “LNG (liquefied natural gas) and domestic gas production will resume following the safe completion of repair works.”

Earlier, Chevron announced the suspension of production at its Wheatstone gas facility on Monday to facilitate repairs to the platform’s fuel gas system.

Also Read: Chevron’s Gorgon LNG Plant Restarts Full Operations

Last month, Hess Corp HES stated that the majority of its 308 million shares outstanding voted in favor of the deal, clearing one hurdle toward the merger.

Investors can gain exposure to the stock via SPDR Select Sector Fund – Energy Select Sector (ARCA: XLE) and IShares U.S. Energy ETF (ARCA: IYE).

Read: Golden State Goes After Oil Giants: Lawsuit Targets Profits From Misleading On Climate Change

Price Action: CVX shares are down 0.12% at $154.03 premarket at the last check Thursday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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