Woodside tips in cash as Labor fights to get its employee into parliament
WA Labor has used the advantages of incumbency to raise $1.6 million since May, ahead of a by-election in the once safe seat of Secret Harbour.
The INPEX-operated Ichthys LNG project produces gas offshore WA's Kimberley and pipes it 900km to an LNG plant near Darwin.
Casual workers taken off Ichthys offshore facilities by Inpex will be paid at least until next week under a standby deal similar to workers from the troubled Prelude LNG vessel.
Inpex is reducing its offshore workforce to tackle COVID-19 risk leaving casual workers not knowing when they will next have paying work.
Shell’s Prelude floating LNG vessel and Inpex’s Ichthys LNG plant in Darwin have moved closer to production with the cooling of their plants with LNG.
Inpex’s Ichthys LNG project will cost $53 billion, $8 billion more than planned, and may not see substantial production until early next year in a blow to the Japanese operator that is waiting on the Darwin plant to more than double its cashflow.
The cost of Inpex's Ichthys LNG project may increase to $US40 billion, according to French oil major Total.
In 2017 Australia’s made-in-Korea offshore LNG boom saw three giants towed 5600km south, but 2018 is crunch time: making it all work.
The $US37 billion Ichthys LNG project is on track to start up next March as its two giant vessels moored about 200km off the Kimberley are readied for production.
The Inpex-led Ichthys LNG project will export $195 billion of LNG, LPG and condensate over 30 years but it will not pay Australia anything for the gas it extracts.
A second key contractor has walked away from Inpex's $US37B Ichthys LNG project, taking 800 workers, over a payment dispute.
The termination of a key power station contract at the Ichthys LNG project threatens Inpex's plans for first production in September 2017.
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