TYO:1605

5 stories mentioning TYO:1605

Every FINWIRES story that references TYO:1605, newest first.

Inpex Secures Exploration Rights for Offshore Eastern Java Block in Indonesia

Inpex (TYO:1605) secured exploration rights for the Barong Working Area offshore Eastern Java, Indonesia, as part of the second Indonesia Petroleum Bidding Round 2025.Through its subsidiary Inpex Barong, the Japanese company signed a production sharing contract with Indonesian regulator SKK Migas and BP Barong, according to a statement on Thursday.The 8,499.88 sq km area, located in waters up to 1,000 metres deep off East Java, where several oil and gas fields have already been discovered, will be operated by Inpex Barong with a 51% stake, while BP Barong holds the remaining 49%.Inpex expects that successful exploration activities could lead to an early transition to development and production, given East Java's anticipated stable medium- to long-term energy demand.

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Asia26d ago

Market Chatter: Woodside Energy Looking to Match Inpex's Offer to Buy PetroChina Stake in Australia's Biggest Untapped Gas Field

Woodside Energy (ASX:WDS) is looking to match Japanese oil and gas company Inpex's (TYO:1605) offer to purchase PetroChina (SHA:601857, HKG:0857) stake in Western Australia's Browse gas fields, Reuters reported Wednesday, citing CEO Liz Westcott.Inpex is looking to purchase PetroChina's 10.67% stake in the Browse gas fields, said to be Australia's largest untapped offshore gas resource, Woodside confirmed Saturday."We will absolutely assess pre-emption, as we do actually every time, and all companies do," Reuters quoted Westcott as saying on the sidelines of the Australian Energy Producers conference in Adelaide.The Australian energy company is also keen to progress the Browse transaction, Westcott told Bloomberg TV."Browse is a project that we're keen to continue to progress. We have contracting companies working with us now on early front-end engineering design for the (floating) FPSOs offshore. We've been working commercial agreements with our counterparts," Westcott said in an interview.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:WDSHKG:0857SHA:601857TYO:1605

Asia33d ago

Inpex's Profit Slides 13% in Q1

Inpex's (TYO:1605) profit attributable to owners of the parent fell 13% to 109.4 billion yen in the first quarter from 126.3 billion yen a year earlier, according to a Tokyo bourse filing on Wednesday.Japan's largest oil and gas exploration company's earnings per share decreased to 94 yen from 105.38 yen a year ago.Revenue dropped 6.5% to 501.8 billion yen in Q1 from 536.9 billion yen in the prior-year period.Inpex raised its earnings forecast for 2026, citing stable operations at the Ichthys Project and updated assumptions for crude oil prices and exchange rates from the second quarter onward.The company now expects attributable profit of between 350 billion and 450 billion yen from 330 billion yen initially, basic EPS of between 300.95 yen and 386.94 yen from 283.17 yen, and revenue of between 2.004 trillion and 2.291 trillion yen from 1.893 trillion yen.Inpex plans to pay interim and year-end dividends of 54 yen per share each for the year, which is higher than amount paid in the year-ago period.

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Asia54d ago

Market Chatter: Inpex CEO Outlines Emergency Shift Amid Hormuz Closure

Japan's Inpex (TYO:1605) has seen its exports from the United Arab Emirates come to a halt, following the effective shutdown of the Strait of Hormuz due to U.S.-Israeli attacks on Iran, Nikkei reported on Thursday, citing President and CEO Takayuki Ueda.While crude production in Abu Dhabi has dropped sharply, the company's facilities have not sustained any damage, Ueda told the news daily in an interview.Most of Inpex's contracts are free on board, and buyers unable to navigate the closed strait sometimes invoke force majeure, Ueda said during the interview.The company also holds assets in Azerbaijan, Kazakhstan, and Australia, though shipping from those nations to Japan takes two to three times longer than from the Middle East, the report said.Given the current crisis, Inpex intends to prioritize spot sales to Japanese refiners such as Eneos (TYO:5020), Idemitsu (TYO:5019), Cosmo Energy (TYO:5021), and Taiyo Oil, the news agency said.While Japan must reduce its reliance on Middle Eastern crude, Ueda stressed that drastically cutting supplies from the UAE and Saudi Arabia is unrealistic, so strengthening ties with the region remains essential alongside any diversification efforts, it added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia63d ago

Inpex to Supply 630 000 Barrels of Natural Gas Condensate to Australian Refiners Amid Fuel Shortages

Japan's Inpex (TYO:1605) will supply 630,000 barrels of natural gas condensate from its Australian LNG export project to local refiners, according to a statement on Monday.The first shipment of the condensate -- a vital feedstock for producing gasoline, diesel, and jet fuel -- is set to depart Western Australia in late April 2026 and arrive at an east coast refinery in May.A second comparable cargo will be preferentially made available to Australian refineries in the coming months, subject to operational needs and commercial terms.Inpex managing director Tetsu Murayama said the move reflects the company's long-term commitment to Australia's energy security and its responsibility as a major local investor amid strained global fuel markets.Since 2019, Inpex has supplied 30 such cargoes to Australian customers and intends to keep working with the industry and the federal government to ensure stable access to critical fuel products.

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