Inpex Corp News

Unions at Shell Plc's Prelude floating liquefied natural gas (FLNG) site off Australia have extended industrial action to Sept. 1 over a long-running pay dispute, the company said on Thursday. Shell shut down the 3.6-million-tonne-a-year site in July and told customers it would be unable to supply LNG cargoes for the duration of work stoppages approved by Australia's Fair Work Commission, or Protected Industrial Action (PIA). "We can confirm it's been renewed until Sept. 1," a Shell spokesperson said of the protected industrial action. The work stoppages began on June 10 and no cargoes have been shipped from the site in about five weeks, worsening a global LNG supply crunch amid the Ukraine conflict.

Shell Plc said on Monday it is deferring planned maintenance work at the Prelude floating liquefied natural gas (FLNG) facility that was due to go ahead in September because of industrial action at the site off northwest Australia."As a result of the ongoing Protected Industrial Action and inability to complete preparation work, we are not able to proceed with the planned turnaround at this time," a Shell spokesperson said in emailed comments.She said the extensive maintenance work, called a turnaround, would be put off to next year, with the timing to depend on a range of factors including weather conditions, contractor availability…

Shell Plc said on Wednesday liquefied natural gas (LNG) shipments from its Prelude floating facility off northwest Australia would be disrupted for at least two weeks due to work bans by unions fighting for better pay.Loading disruption at the 3.6-million-tonnes-a-year facility adds to tightness in a global LNG market just as Europe scrambles to secure cargoes to make up for lost Russian gas supply. One of the largest U.S. LNG plants, Freeport LNG is also undergoing an extended outage."We have issued a notice to customers that cargoes will be impacted until at least mid-July due to the industrial action," a Shell spokesperson said in an emailed comment.The last cargo left Prelude on June 26 on the ship Oceanic Breeze…

Workers on Shell Plc's Prelude floating liquefied natural gas (FLNG) facility off Western Australia are set to begin 12 days of industrial action on Friday over a pay fight, a union alliance said on Thursday.Shell did not comment on what impact the mix of short work stoppages and bans on certain tasks, to run through June 21 might have on output at the 3.6 million-tonnes-a-year LNG facility."Shell recognizes the entitlement of all workers to exercise their rights, including the right to participate in industrial action," a Shell spokeswoman said in emailed comments.The action comes two months after Prelude resumed shipping LNG after a four-month shutdown due to a major power failure.The Offshore Alliance…

Japan's Inpex Corp plans to conduct scheduled maintenance at its Ichthys liquefied natural gas (LNG) plant in Darwin, Australia, from around July 1 to Aug.

Shell Plc said on Monday it has resumed shipping liquefied natural gas (LNG) from its Prelude floating LNG facility off northwest Australia after a four-month shutdown due to a major power failure.A cargo completed loading and left the site on Sunday night, a Shell spokesperson said, declining to disclose the destination."Our focus at Prelude remains on the long-term and delivering safe, sustained and reliable performance into the future," Shell said in a statement.The 3.6 million-tonnes-a-year Prelude FLNG facility lost power on Dec.

Japan will divert some liquefied natural gas (LNG) cargoes to Europe after requests from the United States and the European Union, the industry minister said on Wednesday, a step that aligns the country with the West as tensions flare with Russia.Concern has mounted over the possible disruption of supplies from Russia, Europe's biggest gas provider, following the buildup of Russian troops near Ukraine and heightened tensions between Moscow and the West.The extra shipments are expected to arrive next month, minister Koichi Hagiuda told reporters."We have decided to respond to requests from the United States and EU for sending LNG to Europe, where gas supply is tight," Hagiuda said after separately meeting with the U.S.

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 FLNG platform was shut down following an electrical trip and Shell has faced a number of issues over the past few months in trying to restart full production and now does not expect to ship any LNG before next year.Full production is not expected to resume before year-end. Prelude is a multi-decade project, and our focus is on delivering sustained performance over the long term,” Shell said in a statement.The company hopes to resume shipping LNG from Prelude in the first quarter of 2021…

Royal Dutch Shell said on Wednesday it has begun output at its Prelude floating liquefied natural gas (FLNG) facility in Australia, the world's largest floating production structure and the last of a wave of eight LNG projects built in the country over the last decade.Though the project started up later and cost more than originally estimated, it is expected to further cement Australia's lead as the world's biggest LNG exporter, after the country took the crown in November.In a statement…

ADNOC Logistics & Services (ADNOC L&S), a wholly-owned subsidiary of UAE's ADNOC, has signed an agreement with Japan's Inpex Corp to collaborate on LNG bunkering activities.Under the agreement, ADNOC L&S and Inpex will explore opportunities for LNG bunkering in the UAE as well as the potential to jointly expand LNG bunkering activities to cover other regions, including Southeast Asia, said a press release from the Abu Dhabi-based integrated shipping and logistics company.The use of LNG as a fuel on non-LNG carriers is expected to grow significantly as ship owners seek new compliance solutions to meet the 2020 IMO’s global sulfur cap.

Royal Dutch Shell expects production at its Prelude floating liquefied natural gas (LNG) unit to start at the end of the year, a spokeswoman told Reuters on Tuesday."We continue to progress Prelude towards operations, with safety and quality being our main focus ... We expect to see production around the end of the year," she told Reuters in an emailed statement.Prelude - which will process natural gas produced offshore northern Australia and export it as LNG - is expected to have an annual LNG production capacity of 3.6 million tonnes.

Japan's Inpex Corp said it had sent the first liquefied petroleum gas (LPG) shipment from its giant Ichthys project in Australia.The LPG vessel Hellas Gladiator departed the onshore liquefaction plant at the Ichthys LNG Terminal in Darwin, the company said in a statement late on Friday. Ship tracking data showed the vessel was due to arrive at Yantai in China around Nov. 26.The project shipped its first condensate on Oct. 1 and its first LNG in late October.(Reporting by Osamu Tsukimori; Editing by Joseph Radford)

French oil and gas major Total said on Tuesday that the first cargo of liquefied natural gas (LNG) cargo from Australia's Ichthys LNG project has been exported following the production start-up at the end of July.Ichthys LNG, with reserves of more than 3 billion barrels of oil equivalent offshore Western Australia, including around 500 million barrels of condensate, is operated by Japan's Inpex Corp with a 62.2 percent stake.Total is a major partner in the project with a 30 percent stake.(Reporting by Bate Felix, Editing by Sarah White)

Inpex Corp said on Monday it has begun producing gas at the $40 billion Ichthys liquefied natural gas (LNG) project off northern Australia, a major milestone for the long-delayed project."The project expects to begin the shipment of products towards the end of the first half of the current fiscal year," Inpex said in a statement. The first half ends in September.Condensate will be shipped first, followed by LNG, Inpex said.(Reporting by Sonali Paul)

Royal Dutch Shell has introduced gas to its 490 meter (1,600 ft) long Prelude floating liquefied natural gas (FLNG) unit as part of the cooling process before start-up, a spokeswoman told Reuters on Wednesday.Gas was fed to the unit from liquefied natural gas (LNG) carrier Gallina, she said.

Asian spot liquefied natural gas (LNG) prices rose this week to their highest since February as buying interest from China remained firm and as supply is expected to be limited during maintenance in August.Spot prices for July delivery in Asia were at $9.60 per million British thermal units (Btu) this week, gaining 40 cents from the previous week and are at the highest for this time of the year since 2014.Higher oil prices had been deterring some buyers from snapping up cargoes in the spot market in recent weeks but some of them may now need to cover their requirements promptly…

Asian liquefied natural gas (LNG) spot prices for September delivery were firm this week, supported by supply issues in Nigeria after a pipeline leak, though surplus global supplies helped ease concerns. The price of Asian spot cargoes held steady at around $8.00 per million British thermal units (mmBtu), from $7.95/mmBtu last week. Shell confirmed on Thursday that it had declared force majeure on gas supplies to Nigeria's LNG export terminal on Bonny Island in Rivers State due to a pipeline leak. "Before Nigeria happening prices were falling, so it has helped support the market," an analyst said, adding that surplus volumes globally were capping any potential upside. The analyst estimated Nigeria exports at around 7 cargoes a week.

Chevron Corp. and Transocean Ltd. are being sued for $22 billion in environmental damages in Brazil, double initial claims, after a federal prosecutor filed a second lawsuit over oil spills off the nation’s coast, according to Bloomberg. Chevron committed “a series of errors” which led to the March spill at Frade, the second incident at the offshore oil project, the federal prosecutors’ office said yesterday. Prosecutor Eduardo Santos de Oliveira is also seeking to halt operations at Frade and block San Ramon, California- based Chevron from transferring profits from Brazil. “The oil spill at the Frade field hasn’t been contained,” Oliveira said.

SEOUL - South Korea's Daewoo Shipbuilding & Marine Engineering said on Thursday that it had received an order worth $2 billion to build a Floating Production Storage and Offloading (FPSO) vessel for Japan's top oil and gas explorer, Inpex Corp. Daewoo said it planned to deliver the vessel by April, 2016. The vessel will be in operation for Inpex's Ichthys project in the Browse Basin offshore Western Australia, Daewoo. (Reuters)