Inpex Corp’s Stock Price Declines Amidst Japanese Market Growth
Inpex Corp’s stock price has declined by a substantial amount, making it one of the worst performers on the Japanese market.
The company has awarded a Front-End Engineering Design (FEED) contract to Saipem for the Abadi LNG FPSO module in Indonesia. This contract is part of the Indonesia-Japan Inpex Abadi LNG project, which involves collaboration with other companies, including ADHI and KBR & Samsung.
The project is a significant development in Inpex Corp’s operations and demonstrates the company’s commitment to expanding its presence in the Indonesian market.
Japanese Market Performance
The Japanese market has been trading higher, with the Nikkei 225 surging to record all-time highs. The gains are primarily driven by increases in technology and financial stocks.
Key Statistics
- Inpex Corp’s stock price has declined by a substantial amount
- The company has awarded a FEED contract to Saipem for the Abadi LNG FPSO module in Indonesia
- The Indonesia-Japan Inpex Abadi LNG project involves collaboration with ADHI, KBR & Samsung, and other companies
- The Nikkei 225 has surged to record all-time highs, driven by gains in technology and financial stocks