$24bn subsea spend eyed in Asia Pacific over next five years
Some $24 billion is expected to be spent on subsea and offshore pipelines in Asia Pacific over the next five years, data from energy research firm Wood Mackenzie shows.
Ichthys
Japan’s INPEX pursues giant CCS hub as part of clean energy future in Australia
Carbon capture and storage (CCS) will form a key plank in INPEX’s (TYO:1605) efforts to progressively decarbonise its Ichthys liquefied natural gas (LNG) operations in Australia’s Northern Territory. It will also help Japan’s biggest energy company establish the foundations for the next generation of clean fuels.
Inpex targets ramping up LNG output in tight market
Inpex, Japan's biggest oil and natural gas explorer, plans to accelerate its expansion of production and sales of liquefied natural gas (LNG) as it expects the LNG market will remain tight in the mid-term.
DOF Subsea Australia convicted of ‘negligently breaching’ health and safety duties during diving operations
Following a lengthy trial, DOF Subsea Australia (DOF) have been convicted in the Magistrates Court of Western Australia of three counts of an employer negligently breaching its health and safety duties under the Offshore Petroleum and Greenhouse Gas Storage Act 2006, reported the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) on Tuesday.
Inpex and TotalEnergies win acreage for key CCS hub offshore Australia
Japan’s Inpex (TYO:1605) and partner TotalEnergies (LON:TTE) have won a key greenhouse gas storage (GHG) permit offshore Australia that could help a plan to bury emissions from liquefied natural gas (LNG) export projects in northern Australia.
Inpex seeks $975m compensation from Korean yard over Ichthys FPSO
Japan’s Inpex (TYO:1605) has filed a claim for $975 million against South Korean yard Daewoo Shipbuilding & Marine Engineering (DSME) relating to the construction of a floating production storage & offloading (FPSO) vessel for its Ichthys LNG project in Australia.
Inpex to boost Ichthys LNG output and lead CCS hub
Japan’s Inpex has signed a statement of commitment to a net zero emissions future with the government of Australia’s Northern Territory, where the Ichthys liquefied natural gas (LNG) project’s onshore gas liquefaction plant is located.
JERA, Tokyo Gas, Inpex to join Santos-led Bayu Undan CCS project
Japan’s three energy companies – JERA, Tokyo Gas and Inpex – plan to join the proposed giant carbon capture and storage (CCS) project led by Santos (ASX:STO), at Bayu Undan offshore East Timor. The trio’s total investment could reach as much as 100 billion yen ($748 million) reported the Nikkei Asia.
Maersk Drilling lands extension at giant Ichthys field
Maersk Drilling has landed a one-year contract extension with INPEX at the giant Ichthys field off Australia.
Ichthys legal spat settled says KBR
KBR said it expects to receive a total of $271 million under a tentative settlement with a consortium that included GE and Australian construction giant CIMIC Group in a contract dispute over work at the Inpex-operated Ichthys project in Australia.
EnerMech wins five-year deal for Inpex Ichthys LNG
Global integrated solutions specialist EnerMech has been awarded a five-year onshore and offshore inspection services, lifting equipment and crane maintenance contract by Japan’s Inpex at its Ichthys liquefied natural gas (LNG) export project in northern Australia.
Inpex picks Heerema for Ichthys LNG transport deal
Heerema Marine Contractors will transport and install the 4,800 metric ton Ichthys LNG booster compression module from Indonesia to the project offshore Australia.
Inpex set to build giant carbon capture hub in Australia
Japan’s Inpex (TYO:1605) has confirmed it aims to lead an effort to build one of the world’s largest carbon capture and storage (CCS) facilities near Darwin, Australia, as it strives to hit its Net Zero 2050 pledge and decarbonise its business.
Opportunities abound as Asia Pacific set for $4 billion subsea spend in 2022
Subsea opportunities will be plentiful in Asia Pacific over the coming years as international oil companies (IOCs) and national oil companies (NOCs) advance a backlog of projects, while offshore wind developers accelerate activity across the region.
McDermott gives Inpex’s Ichthys LNG a boost after EPC win
McDermott will provide engineering, procurement and construction (EPC) services for a booster compression platform at the Inpex-operated Ichthys liquefied natural gas (LNG) project in Australia.
Inpex settles Ichthys LNG dispute with contractors
JGC (TYO:1963) said today that it has reached a settlement with Inpex (TYO:1605) regarding the lawsuit that Inpex filed against joint venture company JKC, which consists of KBR (NYSE:KBR), Chiyoda (TYO:6366) and JGC, relating to the construction of the giant Ichthys liquefied natural gas (LNG) export project in northern Australia.
Shale gas excitement builds in Australia’s Beetaloo as activity ramps up
Multiple shale gas exploration wells are being drilled in the remote Beetaloo basin in Australia’s Northern Territory and recent results have raised expectations that the area could be on par with shale gas plays in North America. Significantly, investors could finally find out whether the shale play is commercial by the end of next year.
Santos and East Timor sign pact for potential $1.6bn CCS scheme at Bayu Undan
Australia’s Santos today announced that it has signed a memorandum of understanding (MoU) with East Timor’s regulator ANPM to progress a carbon capture and storage (CCS) project, estimated to cost $1.6 billion, at the ageing Bayu Undan field in the Timor Sea. But low returns and high complexity threaten the viability of the proposed scheme.
Inpex ships ‘carbon neutral’ LNG from Ichthys
Japan’s Inpex said yesterday that it has made arrangements for a ‘carbon neutral’ shipment of liquefied natural gas (LNG) from the Inpex-operated Ichthys LNG project in Australia to be delivered to compatriot Toho Gas.
Safety fears as Maersk Drilling clamps down on unpaid leave for ‘worn out’ expats
Expats on a rig off western Australia have warned that safety would be compromised after Maersk Drilling was forced to “reassess” unpaid leave requests amid the country’s strict Covid regime.
Inpex takes Ichthys LNG contractors to court in Japan
Japan’s Inpex has filed a lawsuit against joint venture company JKC, which consists of KBR, Chiyoda and JGC, relating to the construction of the giant Ichthys liquefied natural gas (LNG) export project in northern Australia.
Ichthys incident highlights offshore divers’ ‘fear’ to speak up – union boss
The UK diving industry may need to reassess its reporting culture in light of a serious incident off the coast of Australia, according to a union boss.
Ichthys LNG project begins gas exports
Total said today that the first cargo of liquefied natural gas (LNG) from Ichthys has left Darwin, Australia, following the production start-up at the end of July.
Production gets going at Ichthys LNG project
Japanese oil firm Inpex said today that production had begun at the Ichthys LNG project offshore Australia.
Central processing facility for Ichthys LNG ready for action
Japanese firm Inpex said today that it had finished commissioning the central processing facility for the Ichthys LNG project off western Australia.