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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.
CNOOC takes delivery of Asias first LNG tug
2015-07-03 17:55:35| Green Car Congress
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.
Tags: work
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