Slugcatcher and the global knock-on of Chevron's write down

CHEVRON Corporation sent a powerful signal to the rest of the oil industry with last week’s US$10 billion asset value write-down, causing Slugcatcher to wonder whether it’s purely a North American event or whether gas producers elsewhere will be forced to follow Chevron’s lead and write-down the value of their assets?

Slugcatcher and the global knock-on of Chevron's write down Slugcatcher and the global knock-on of Chevron's write down Slugcatcher and the global knock-on of Chevron's write down Slugcatcher and the global knock-on of Chevron's write down Slugcatcher and the global knock-on of Chevron's write down

Knock on effects of Chevron's write down and asset sale can be felt in Perth 

 
The positive case is that the problems confronting Chevron, too much gas in the US and Canada, will not trigger a world-wide re-assessment of asset values.