MARKETS

Inpex looks to bank guarantee over Ichthys FPSO delay

THE New South Wales Supreme Court has ruled that Inpex can call on a US$328.5 million (A$467 million) bank guarantee as it seeks damages from shipbuilder Daewoo over the late and incomplete Ichthys FPSO.

Inpex looks to bank guarantee over Ichthys FPSO delay

Inpex is seeking US$971 million (A$1.4 billion) in damages from Daewoo over the same matter with a case before the International Chamber of Commerce. This case is ongoing. However, it now also has...

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