Inpex Corp (IPXHY.PK) Key Developments | Reuters.com
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Inpex Corp (IPXHY.PK)

IPXHY.PK on OTC Markets Group

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28 Jun 2016
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Latest Key Developments (Source: Significant Developments)

INPEX and MHI conclude memorandum on joint study of technological challenges in the energy sector
Wednesday, 25 May 2016 02:00am EDT 

Inpex Corp <1605.T>: Says INPEX CORPORATION (INPEX) and Mitsubishi Heavy Industries, Ltd. <7011.T> (MHI)jointly announced that they have concluded a memorandum based on an agreement to jointly study solutions for various technological challenges in the energy sector .Says under the auspices of the memorandum, INPEX and MHI plan to jointly establish a working committee and address technological solutions including utilizing the Internet of Things and robot technology to further optimize oil and gas production operations.  Full Article

INPEX says chairman to resign
Monday, 23 May 2016 02:30am EDT 

INPEX CORP <1605.T>: Says Naoki Kuroda to resign as chairman .Says effective date on June 28.  Full Article

INPEX amends consolidated full-year outlook and confirms year-end dividend forecast for FY 2016
Tuesday, 5 Apr 2016 04:00am EDT 

INPEX CORP:Says the company amended the consolidated full-year outlook for the FY ended March 2016.Revenue forecast revised to 1,011,000 million yen from 997,000 million yen.Operating profit forecast revised to 389,000 million yen from 364,000 million yen.Ordinary profit forecast revised to 379,000 million yen from 375,000 million yen.Net profit forecast revised to 26,000 million yen from 52,000 million yen.Earnings per share revised to 17.80 yen from 35.61 yen.Comments that impairment loss is the main reason for the forecast.Confirmed year-end dividend forecast of 9 yen per share for the FY ended March 2016.  Full Article

INPEX Signs Natural Gas Sales and Purchase Agreement with Nihonkai Gas
Friday, 22 Jan 2016 01:00am EST 

INPEX CORP:Says has signed a Natural Gas Sales and Purchase Agreement (SPA) with NIHONKAI GAS CO., LTD (NIHONKAI GAS).Under the SPA, INPEX will sell natural gas to NIHONKAI GAS starting from Oct. 2016 utilizing the Toyama Line, a natural gas trunk pipeline currently under construction that will extend from Itoigawa City in Niigata Prefecture to Toyama City in Toyama Prefecture.When operational, the Toyama Line will allow the company to stably and efficiently supply natural gas over the long term from its Naoetsu LNG Terminal located in Joetsu City, Niigata Prefecture to NIHONKAI GAS and other customers located along the pipeline’s route.  Full Article

INPEX to Sign Heads of Agreement Addressing Participation in the Offshore Mahakam Block, Republic of Indonesia after 2018
Monday, 21 Dec 2015 01:00am EST 

INPEX CORP:Says it has made the decision to sign a Heads of Agreement (HOA) with PT Pertamina (Persero) (Pertamina), Indonesia’s state-owned oil and natural gas company and TOTAL E&P Indonesie (TOTAL).Says on the basic principles towards participating in the Offshore Mahakam Block (the Mahakam Block) after 2018.Says INPEX will work in close partnership with TOTAL and, in accordance with the HOA, continue to hold discussions with Pertamina and the Indonesian government authorities with the aim of participating in the the Mahakam Block after 2018.  Full Article

R&I affirms INPEX 's rating at "AA-" and announces stable outlook
Friday, 18 Dec 2015 01:00am EST 

INPEX CORP:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "AA-".Rating outlook stable.  Full Article

INPEX Makes Further Discovery of Oil Accumulations in Espírito Santo Basin, Brazil
Wednesday, 16 Dec 2015 01:00am EST 

INPEX CORP:Says has discovered oilbearing sandstone layers amounting to a cumulative thickness of approximately 70m at a depth of about 4,850m through appraisal drilling in the BM-ES-23 concession in the Espírito Santo Basin offshore Brazil.Says the concession lies 115 km off the coast of the State of Espírito Santo in southeastern Brazil, where water depth ranges from 1,800m to 2,000m.Through INPEX Petróleo Santos Ltda., a subsidiary, INPEX owns a 15 pct participating interest in the concession, where INPEX has engaged in exploration activities alongside partners Petrobras (operator) and PTTEP, which own 65 pct and 20 pct participating interests, respectively.  Full Article

JOGMEC and INPEX commence joint study on technology for shale gas development with IGBC and Nexen
Tuesday, 18 Aug 2015 10:30pm EDT 

INPEX CORP:Japan Oil, Gas and Metals National Corporation (JOGMEC) and INPEX commenced a joint study on technology relating to shale gas development in the Horn River, Liard and Cordova areas in British Columbia, Canada with INPEX's subsidiary INPEX Gas British Columbia Ltd. (IGBC) and Nexen Energy ULC (Nexen).The four companies entered into a joint study agreement to evaluate geological characteristics of the areas, by analyzing properties of rock samples extracted from shale reservoirs marked for development in March 2015.Integrated interpretation of the geological characteristics to be obtained through the joint study will leverage JOGMEC’s and INPEX’s technological capabilities in rock analysis.  Full Article

INPEX signs basic agreement with CHUBU Electric Power Co., Inc
Tuesday, 21 Jul 2015 04:00am EDT 

INPEX CORP:Says it has signed a basic agreement with CHUBU Electric Power Co., Inc on joint implementation of electric power sale on July 21.  Full Article

INPEX to participate in single-contract geothermal power plant project in Indonesia
Wednesday, 10 Jun 2015 02:00am EDT 

INPEX CORP:Says has agreed with a consortium of Japanese, Indonesian and U.S companies to indirectly participate, by acquiring 49 pct of an affiliate of PT Medco Power Indonesia (Medco) of Indonesia, in the Sarulla Geothermal Independent Power Producer (IPP) Project in Indonesia.The consortium is comprised of ITOCHU Corporation and Kyushu Electric Power Co., Inc. of Japan, Medco and Ormat Technologies of the U.S.  Full Article