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.
Greenfield projects like the Northeast gas pipe are too risky at the moment, the company says.
At DUG Bakken and Rockies, shale executives acknowledged the headwinds, but remained optimistic about the opportunities in the Powder River Basin, the Bakken and, yes, even Colorado.
David T. Merrill has been elected to serve as CEO and president of Unit Corp., which is engaged through its subsidiaries in E&P, contract drilling and gas gathering and processing.