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LNG construction blowouts turns to bonanza for dispute lawyers

2015-07-05 19:26:24| Oil & Gas - Topix.net

Australia's liquefied natural gas sector is set to be swamped by a multibillion-dollar wave of disputes between producers and contractors over liability for cost blowouts and delays, as the slump in resources investment and commodity prices sharpens appetites to claw back funds. Chevron's overbudget $US54 billion Gorgon LNG venture, Santos' $US18.5 billion GLNG project, and Inpex Corporation's $US34 billion Ichthys project in Darwin are among those understood to be the subject of arguments over responsibility for contract variations that have had an impact on the entire supply chain.

Tags: construction lawyers turns dispute

 

LNG construction blowouts turns to bonanza for dispute lawyers

2015-07-05 18:35:48| Energy - Topix.net

Australia's liquefied natural gas sector is set to be swamped by a multibillion-dollar wave of disputes between producers and contractors over liability for cost blowouts and delays, as the slump in resources investment and commodity prices sharpens appetites to claw back funds. Chevron's overbudget $US54 billion Gorgon LNG venture, Santos' $US18.5 billion GLNG project, and Inpex Corporation's $US34 billion Ichthys project in Darwin are among those understood to be the subject of arguments over responsibility for contract variations that have had an impact on the entire supply chain.

Tags: construction lawyers turns dispute

 
 

Total SA gas venture moves ahead with Papua LNG plans

2015-07-03 21:42:39| Oil & Gas - Topix.net

The Total-led Elk-Antelope liquefied natural gas venture in Papua New Guinea has reached a landmark decision on the location of key infrastructure for its proposed multibillion dollar project, leaving the door open for cooperation with ExxonMobil's existing $US19 billion PNG LNG venture. The Elk-Antelope partners, which include InterOil and ASX-listed Oil Search, decided to locate the main gas liquefaction plant at a site adjacent to PNG LNG, at Caution Bay near Port Moresby, That allows for a potential agreement with Exxon on sharing key infrastructure between the two projects, which would reduce costs.

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CNOOC takes delivery of Asias first LNG tug

2015-07-03 17:55:35| Green Car Congress

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FEED work to begin on $40bn Browse LNG Project off Australian coast

2015-07-02 01:00:00| Offshore Technology

Browse Joint Venture (JV) is to start front-end engineering and design (FEED) for the Browse floating LNG Project off the Kimberley coast in Australia.

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