From Australia (RW): Inpex has given assurances that its $34bn ICHTHYS (SEN, 31/21) gas floater-to-LNG project, which crosses Western Australia and the Northern Territory waters, is economically valid in the wake of plunging energy prices.
The company has said that the current oil price would not significantly impact the project. Inpex said that Ichthys project is not scheduled to be brought onstream until late 2016 and will produce for at least 40 years. During that time the oil price will fluctuate, but the company remains confident of the project’s economics.
The statement was in reaction to comments from investment research firm Sanford C Bernstein that rated Ichthys as the third most economically vulnerable Australian LNG development under construction after Chevron’s Greater Gorgon (31/13) and Wheatstone (31/19) projects.
From Houston (BN): Anadarko continues to ramp up production at its LUCIUS (31/21) production spar , which started up last month in 2,130m in Keathley Canyon 875.
Gas from Hadrian South (28/24), 12km to the southeast, will begin as soon as oil output at Lucius stabilises, Hadrian South operator ExxonMobil has confirmed. The infrastructure is in place.
Floater contractor MODEC is up and down, a bit like an fpso is bad weather. The good news is that full year results are nearly 25% higher than originally forecast - at about $3.1bn - as result of better than expected results and favourable exchange rate. The bad news is a $60mn writeoff for a floating wind and power generation system which sank during installation.
Cougar Automation has supplied a specialist control system for the buoy supported riser system at Petrobras’ GUARÁ-LULA development under a sub-contract with Balltec. The system is used to control the movement of the bsr via adjustment to the tethers using a linear chain tensioner.
Technip has put its pipelay vessel GLOBAL 1200 into drydock at Damen Shipyard for its periodic survey, upgrade to its DP system and unspecified equipment upgrade to its pipelay system for ‘future projects’.
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