Japanese LNG producer Inpex and Italy's ENI will sell a 76 per cent stake in four undeveloped oil fields off Timor Leste to ASX-listed junior Finder Energy, for an up-front $US2 million fee.
Eni is pushing to throw a veil of secrecy over its legal tussle with the Northern Territory government, as the pair bicker over who should foot the bill for the ongoing gas supply stoush.
The Northern Territory government's lawsuit against energy giant Eni has been put on ice, with the pair sent for private peace talks to resolve their ongoing gas supply stoush.
Eni has lashed the Northern Territory government for “dramatising” its ongoing gas supply woes, amid revelations its deliveries have been running at half of what was contracted.
The Northern Territory government is suing the Perth-based subsidiary of Italian energy giant ENI over its alleged failure to adhere to their 25-year gas supply deal.
Special Report: The head of Japanese company Inpex's Australian operations says Australia remains a very attractive investment destination, and has suggested the company's Ichthys project could be expanded when conditions are right.
The Clough AMEC joint venture has been awarded a two-year contract extension worth $150 million to continue to provide operations and maintenance services at ConocoPhillips' Bayu-Undan oil and gas facilities in the Timor Sea.
