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Inpex Corporation
IPXHFEnergyOTCJP
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Japan's Inpex said on Tuesday it would seek urgent orders from Australia's Fair Work Commission to halt protected industrial action at its Ichthys liquefied natural gas facilities.
Offshore Alliance said on Monday that it had filed a complaint against Japan's Inpex with Australia's offshore energy regulator, alleging that the company used unqualified workers to operate critical equipment at its Ichthys LNG facilities.
Workers will escalate the strike at Inpex's Ichthys LNG facilities in Australia that started last week over a wage dispute, after talks failed to progress with the Japanese operator, the Offshore Alliance union said on Monday.
Australia's Offshore Alliance union said in a Facebook post on Tuesday that protected industrial action has begun on all three of Inpex's Ichthys liquefied natural gas facilities in Australia.
The Offshore Alliance said on Tuesday the union has pulled planned strike action at Inpex's Ichthys liquefied natural gas facility on Wednesday and Thursday due to progress made in bargaining.
Woodside Energy will “absolutely assess preemption” of Inpex's buy of PetroChina's stake in the Browse gas fields off the coast of Western Australia, CEO Liz Westcott told reporters on the sidelines of the Australian Energy Producers conference in Adelaide on Wednesday.
Japan's Inpex said on Friday it would buy PetroChina's 10% stake in the Browse gas fields offshore Western Australia, the country's largest undeveloped gas resource.
Inpex Co. (OTCMKTS:IPXHF - Get Free Report) shares were up 26.6% during trading on Monday. The stock traded as high as $24.06 and last traded at $24.06. Approximately 400 shares changed hands during mid-day trading, an increase of 300% from the average daily volume of 100 shares. The stock had previously closed at $19.00.
