INPEX Corporation has extended a strategic collaboration agreement with PT Pertamina and signed a separate upstream memorandum of understanding (MoU) with its subsidiary PT Pertamina Hulu Energi, as it deepens its presence in Indonesia and Southeast Asia…
Japanese oil and gas explorer Inpex said it aims to start the tender process for engineering for its Abadi gas project in Indonesia in the middle of this year, as Jakarta pledged to remove bureaucratic snags to help expedite the $21 billion development…
Japan’s largest exploration and production (E&P) firm Inpex has received environmental approval from the Indonesian government for its Abadi liquefied natural gas (LNG) project in the Masela Block, marking a key milestone as the development…
Japan's Inpex is working to advance the start of its Abadi project in Indonesia to meet the government's request to speed up and has seen strong interest from Western majors to buy liquefied natural gas, CEO Takayuki Ueda said.The long-delayed $20 billion project…
Technip Energies, in consortium with JGC, has been awarded two significant Front-End Engineering Design (FEED) contracts for Inpex Abadi LNG project in the Masela Block, offshore Indonesia.The first contract is for the gas floating production…
Japan’s Inpex Corporation has started Front End Engineering and Design (FEED) work for the onshore liquefied natural gas (LNG) plant component of the Abadi LNG project in Indonesia’s Masela Block.The start of the FEED phase for the onshore LNG…
Saipem, through its subsidiary PT Saipem Indonesia, in its role as leader of the consortium which also includes PT Tripatra Engineers & Constructors, PT Tripatra Engineering, and PT McDermott Indonesia, has received formal notification of the…
Inpex Masela, a subsidiary of Japan’s Inpex and the operator of the Abadi liquefied natural gas (LNG) project in the Masela Block in Indonesia, has started Front End Engineering and Design (FEED) work for the scheme, with Saipem, Worley, Technip…
Saipem has been awarded a FEED contract for the FPSO module of the Abadi LNG project, located in the Masela Block, Indonesia.The contract was granted following a technical and commercial pre-selection process. It now enters a competitive dual FEED phase…
[1] Flat Outlook for Global Spend … but … Aadvantaged Projects Attract CapitalWith concerns of a softening oil market, we expect global upstream investment to remain flat or even fall – indeed, the reported 2025 budgets to date show a 3-4% drop…
INPEX Masela (INPEX), a subsidiary of INPEX Corporation, has awarded Fugro a significant marine survey contract for the Abadi liquefied natural gas (LNG) project in Indonesia.Fugro will perform geophysical and geotechnical surveys needed to…
Oil major Shell has sold its 35% stake in Indonesia’s Masela offshore block to PT Pertamina Hulu Energi and Petronas. The sale includes the Abadi gas project. The completion of the sale follows regulatory approval from Indonesia’s Ministry of…
Shell has agreed to sell its participating interest in Indonesia’s Masela Production Sharing Contract and the associated Abadi gas project.The 35% interest in the deepwater block will be sold to Indonesia’s PT Pertamina Hulu Energi and Petronas Masela…
On Wednesday, Japanese oil and gas explorer Inpex raised its full-year net profit forecast by 7% and announced measures to boost the company's value and shareholder returns, including a dividend increase and share buyback.To address the country's number of undervalued stocks…
A recent ownership shakeup at two major Indonesian gas projects has injected renewed hope in the country's upstream gas sector, as the country hopes to tap into its rich hydrocarbon resources amid global energy transition, but barriers remain…
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