Chevron Corp.'s subsidiary, Chevron Australia Pty Ltd., has produced first gas from the North West Shelf Venture's Train 5 onshore liquefied natural gas (LNG) facility at the Karratha Gas Plant in Western Australia.

The US $2.1 billion is expected to increase the joint venture's export capacity by up to 4.4 million tonnes of LNG annually to 16.3 million tonnes.

Urals Energy Public Co. Ltd., an independent exploration and production company with operations in Russia, reports the sale of certain of its non-core assets in the Komi Republic. The company is in the process of streamlining its portfolio to focus on its major assets in East Siberia.

Midland, Tex.-based Legacy Reserves LP has increased the borrowing base from its credit facility from a group of banks led by BNP PARIBAS to $272 million from the previous $225 million.

It will be further increased to $320 million coincident with the acquisition of Permian basin and Mid-continent producing properties, which is scheduled to close on April 30, 2008.