Thread regarding Chevron Corp. layoffs

Chevron’s flagship carbon capture and storage project “stuck” at one-third capacity

https://worldoil.com/news/2023/5/17/chevron-s-flagship-carbon-capture-and-storage-project-stuck-at-one-third-capacity/

"Chevron Corp.’s flagship carbon capture and storage project in Australia faces years of work to hit full capacity... The Gorgon CCS project, needs investment to boost performance and will be stuck at around one-third of its intended capacity until that’s completed, according to DF, Chevron Australia’s General Manager energy transition. “We will not hide from the fact that it’s not perfect,”...

Needs investment? Can't we divert some of the $75 billion stock buybacks to this "green" effort?

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Post ID: @OP+1mGcwxCI

12 replies (most recent on top)

Looks like Chevron's 'success' with CS is on par with its 'success' in LNG. Better stick with what you know best, producing conventional oil and gas assets.

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Post ID: @7usp+1mGcwxCI

The biggest joke is the id--t MH is hoping to get into new CS projects in Oz despite overseeing the biggest CS disaster in the history of the industry. We are a laughing stock.

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Post ID: @7swp+1mGcwxCI

It’s disappointing that CP and his team have not fixed the performance issues at Gorgon yet. They seem focused on the US and not working to deploy resources to resolve the issues in Australia.

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Post ID: @7pch+1mGcwxCI

NH was only there for startup. All the big mistakes were made long before. JJ oversaw the alternative selection of Barrow Island which doomed us to tens of billions in cost overruns. He managed to blame his boss, a finance geek with great hair, who was run off prematurely. RK was there for the technical specs on injection and we all know what happened to him. Nice enough guy, though, especially over a pint or seven.

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Post ID: @7ahi+1mGcwxCI

You mean the Skimming Project? Just like many other Chevron projects of that kind, if we’re not pursuing oil or gas, it’s a really a skimming project. It’s exclusively intended for public consumption and propaganda means to mislead everyone while the executives, key management and company contractors skim millions into their wallets and secret bank accounts. If you have never realized that, you’ve been asleep at the wheel. This goes on everywhere my friend.

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Post ID: @7nqq+1mGcwxCI

@1qnq, I have to guess that $60-80 million/year is cheaper than actually getting the technology up to advertised capacity. Looks like another chapter in Chevron Australia misadventures.

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Post ID: @1uwj+1mGcwxCI

Send Nigel to fix it. He rode the gravy train longest and during the crucial phases. He also recruited a long list of people who also rode the gravy train long after leaving Gorgon in other BUs. How about some accountability?

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Post ID: @1usx+1mGcwxCI

Umm, it was designed with pressure management wells. That is not the issue. Hello?

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Post ID: @1kvp+1mGcwxCI

Aquifer support has always been a question for me with CO2 disposal is saline aquifers… water is not (really) compressible so you need to displace the original fluids to make this work and you can’t just dump the produced water on the surface. Not surprisingly there is pressure buildup.

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Post ID: @1uaa+1mGcwxCI

“Under an agreement with the Western Australian government, Chevron must buy around 2.3 million tons-worth of carbon offsets every year to make up the shortfall in its capture capacity.”

That looks to be pretty big mistake with a $60MM - $80MM annual cost associated with it.

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Post ID: @1qnq+1mGcwxCI

If it is any consulation, most of the technical staff from this project have been sacked. Managers are still around.

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Post ID: @1eux+1mGcwxCI

Chevron in a snapshot. Do it late and do it wrong.

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Post ID: @bzx+1mGcwxCI

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