Inpex News

 

Jadestone, Inpex Settle Dispute over Vietnam Offshore Block

Nov 12, 2020

Asia-focused oil and gas company Jadestone Energy has settled its dispute with Inpex's subsidiary Teikoku, related to Block 05-1 PSC, offshore Vietnam.Jadestone Energy earlier this year started arbitration against Teikoku over Jadestone’s acquisition of an interest in Blocks 05-1 b and c…

McDermott Bags Booster Compression Module FEED for Ichthys Platform

Nov 10, 2020

Offshore engineering and construction firm McDermott has won a contract to provide front end engineering and design (FEED) services for the INPEX-operated Ichthys Liquified Natural Gas Field Development, off Australia.The contract is for a booster compression module FEED with optional engineering…

Prelude FLNG Won't Restart in 2020

Oct 16, 2020

Royal Dutch Shell said on Thursday its Prelude floating liquefied natural gas (FLNG) project off Australia, off line since early February, is working on restarting operations but would not resume full production this year. The troubled Prelude…

Inpex, Chevron Cutting Jobs in Australia

Sep 18, 2020

Inpex Corp said on Friday it expects to shed jobs at its Ichthys liquefied natural gas (LNG) project in Australia due to the slump in oil prices, but did not say how many would go.The cuts by Japan's biggest oil and gas company mark the latest…

Kazakhstan Launches Probe After Black Smoke Spotted Over Kashagan Field

Sep 14, 2020

Kazakhstan's environmental authorities will inspect an oil and gas processing plant at the country's biggest oilfield, Kashagan, after gas flaring at the plant caused plumes of black smoke on Monday, the ecology ministry said.NCOC, the consortium of global energy majors developing Kashagan…

Indonesia's Price Cap Obstructing Gas Projects

Aug 06, 2020

Indonesia's natural gas price cap is affecting the development of gas projects as contractors are being disincentivized, an official at oil and gas regulator SKK Migas said on Thursday.The energy ministry in April lowered the price of natural…

Inpex Books $1.3B Writedown on Australian LNG assets, Omitting Ichthys

Aug 06, 2020

Japan's biggest oil and gas company, Inpex Corp, booked charges of 140 billion yen ($1.33 billion) on its liquefied natural gas (LNG) projects in Australia, it said on Thursday, due to a slump in prices caused by the coronavirus pandemic.The…

China's CNOOC Acquires Stakes in Abu Dhabi's Major Offshore Blocks

Jul 27, 2020

China-based offshore oil and gas-focused company CNOOC will acquire rights in Abu Dhabi's major offshore blocks Lower Zakum, Umm Shaif and Nasr.Abu Dhabi's national oil company ADNOC said Monday it would transfer part of rights in the offshore…

Jadestone, Inpex in Arbitration over Offshore Block in Vietnam

Jul 03, 2020

South East Asia focused oil and gas company Jadestone Energy has started arbitration against Inpex's subsidiary Teikoku over Jadestone’s acquisition of an interest in Blocks 05-1 b and c, offshore Vietnam.Jadestone in August 2016 signed an agreement…

Inpex Completes Refinancing Part of Ichthys Funding

Jun 16, 2020

Japan's Inpex Corp said on Tuesday it has completed the previously launched refinancing of part of the funding for the Ichthys liquefied natural gas (LNG) project in Australia.Announcing a deal with seven export credit agencies and 28 commercial banks aimed at improving borrowing conditions…

Woodside to Boost Vincent Crude Quality to Ride VLSFO Demand

May 21, 2020

Woodside Petroleum will improve the quality of Vincent crude by increasing its flash point from July so that it can be blended into very low sulphur fuel oil (VLSFO) and capture higher premiums, two sources told Reuters.Among crude grades, heavy sweet oil…

Japan's Inpex Reduces 2020 Profit Guidance by 93%

May 12, 2020

Inpex Corp, Japan's top oil and gas company, on Tuesday cut its annual net profit forecast by 93% after first-quarter earnings slumped due to an oil price collapse and as the coronavirus pandemic choked off international energy demand.The group…

Inpex Gets Nod for Further Subsea Installation Works at Ichthys

Apr 29, 2020

Australian offshore safety regulator NOPSEMA has approved Inpex's application to install Umbilicals, Risers and Flowlines (URF) infrastructure as part of the next stage of the development of the Ichthys gas and condensate field offshore W. Australia…

Inpex Sells Ichthys LNG at Record Low

Apr 28, 2020

Inpex sold a liquefied natural gas (LNG) cargo from Australia's Ichthys plant for loading in May at what traders say is a record low price.Inpex had offered two cargoes for loading in May and has sold at least one of them at about $1.70 to $1…

Offshore Rig Worker in Australia Tests Positive for COVID-19

Mar 25, 2020

An offshore drilling rig worker, employed on a Maersk Drilling rig in Australia, tested positive to coronavirus after going to overseas home, oil and gas company Inpex has informed.'On 22 March we became aware that a person who recently worked…

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