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TYO:1605

11 stories mentioning TYO:1605Updated 8d ago

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Asia

Market Chatter: Inpex Starts Trial Seabed Drilling for Carbon Capture Project

Inpex (TYO:1605) has commenced trial seabed drilling near Chiba prefecture for a carbon capture and storage initiative aimed at helping hard-to-decarbonize industries like steelmaking, Nikkei Asia reported on Wednesday, citing a top official.Inpex subsidiary Metropolitan CCS is handling the operation, which involves drilling to a depth of 1,900 meters to assess geological suitability for long-term CO2 sequestration, the news agency said, citing Yoshiaki Oku, president of Metropolitan CCS.The company will evaluate the site by injecting seawater into rock formations, with data analysis expected to take one to two years before determining commercial viability, the publication said.(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.)

TYO:1605
Asia

Update: Market Chatter: Inpex Starts Work at $20.9 Billion Abadi LNG Project in Indonesia

(Updates to add an Inpex representative's comments)Japanese oil exploration company Inpex (TYO:1605) has started work on the long-delayed $20.9 billion Abadi liquefied natural gas project in the Arafura Sea, off the Tanimbar Islands, Maluku province, Indonesia, Nikkei reported Thursday.Inpex holds a 65% stake, while Indonesia's Pertamina and Malaysia's Petronas own the remaining interests, and the project is estimated to produce 9.5 million metric tons of LNG, along with condensate and pipeline gas, once fully operational by 2030.In an email response to, an Inpex representative confirmed that a groundbreaking ceremony for the Indonesian project was held on July 16 but clarified that the project has not yet reached the final investment decision (FID) stage. "Full-scale construction activities are expected to commence following FID," the representative said.(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.)

TYO:1605
Asia

Market Chatter: Inpex Starts Work at $20.9 Billion Abadi LNG Project in Indonesia

Japanese oil exploration company Inpex (TYO:1605) has started work on the long-delayed $20.9 billion Abadi liquefied natural gas project in the Arafura Sea, off the Tanimbar Islands, Maluku province, Indonesia, Nikkei reported Thursday.Inpex holds a 65% stake, while Indonesia's Pertamina and Malaysia's Petronas own the remaining interests, and the project is estimated to produce 9.5 million metric tons of LNG, along with condensate and pipeline gas, once fully operational by 2030.Inpex did not immediately respond to a request for comment from.(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.)

TYO:1605
Asia

France's TotalEnergies Sells Interest in Marjoram Gas Field for $350 Million

French energy firm TotalEnergies agreed to sell its 85% interest in offshore Block 2E in Malaysia to INPEX (TYO:1605) for $350 million, divesting a net 8.5% stake in the Marjoram gas field, which is currently under development.The French energy company said the sale enables it to realize the value of its minority, non-operated interest in the project while sharpening its focus on operated assets and strategic growth opportunities in Malaysia, according to a Thursday press release.The transaction is in line with TotalEnergies' strategy of actively managing its portfolio and prioritizing material positions, it said.

FTSE Bursa Malaysia KLCITYO:1605
Equities

Inpex Subsidiary, Partners Award Contracts for UAE Oil Field Development

Inpex (TYO:1605), through its subsidiary Japan Oil Development (JODCO) and partners, has awarded engineering, procurement, and construction contracts for the next phase of development at the offshore Upper Zakum oil field in the UAE.The expansion aligns with the company's goal of growing its business scale by 60%, according to a Tokyo bourse filing on Friday.

TYO:1605
Asia

Market Chatter: Japan Monitors LNG Supply Risks Amid Strike at Inpex's Ichthys Project

Japan is monitoring the impact of an ongoing strike at Inpex's (TYO:1605) Ichthys LNG project in Australia after a court rejected a bid to halt the action, Reuters reported on Wednesday, citing Industry Minister Ryosei Akazawa.Akazawa said the government remains in close contact with Inpex and is tracking labour negotiations, fuel procurement, and utilities' contingency measures to maintain stable energy supplies, the newswire said.The Offshore Alliance reportedly plans to extend the strike until July 6, potentially disrupting LNG shipments from the facility, which produces roughly 9.3 million tons annually, the publication said.The project is majority-owned by Inpex at 67.82%, with TotalEnergies, Taiwan's CPC, Osaka Gas(TYO:9532), Kansai Electric Power (TYO:9503), JERA and Toho Gas (TYO:9533) holding the remainder, the report said.Japanese utilities, including equity partners along with Kyushu Electric (TYO:9508) and Tokyo Gas( TYO:9531), collectively purchase about 5.7 million tons per year from the project, it said.Inpex declined to comment on the strike's effect on production or shipment volumes, the news agency said.(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.)

TYO:1605TYO:9503TYO:9508TYO:9531TYO:9532TYO:9533
Asia

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.

TYO:1605
Asia

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
Asia

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.

TYO:1605
Asia

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.)

TYO:1605TYO:5019TYO:5020TYO:5021
Asia

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.

TYO:1605

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