TOKYO— Japan's biggest oil and gas explorer Inpex Corp. said on Aug. 8 its Ichthys LNG project in Australia is running at around 80% of full capacity, with 24 cargos being shipped in April-June despite a 15-20-day maintenance in May.
The company expects Ichthys to ship about 7 to 8 cargoes a month this year and the project is forecast to contribute 65 billion yen (US$612 million) to its group profit for the 9-month earnings this year through Dec. 31, against its earlier prediction of 60 billion yen, Inpex's Senior Managing Executive Officer Masahiro Murayama told an earnings news conference.
Bankruptcy filings by U.S. energy producers so far this year have already nearly matched the total for the whole of 2018, law firm Haynes & Boone reported on Aug. 14.
Prior to the appointment with GPA Midstream, Joel Moxley served as chief commercial officer for Southcross Energy Partners.
Vanguard Natural Resources filed for Chapter 11 protection on April 1, marking the second time the Houston-based E&P has entered bankruptcy since the 2014 oil crash.