Qatar Petroleum (QP) will become the sole owner of the Qatargas 1 joint venture, after opting not to renew the deal with Total, ExxonMobil, Marubeni and Mitsui.
Japanese companies are increasingly focused on upstream portfolio rationalisation, with divestment of non-operated stakes in smaller oil, as well as other non-core assets, expected to accelerate, research from Wood Mackenzie shows.
Myanmar faces a potential energy crunch following a bloodless military coup that is set to delay urgent upstream investment and derail vital liquefied natural gas (LNG) import projects.
Marubeni Corp. and Total SA agreed to take a minority stake in a 1.7 billion-riyal ($464 million) project to build Qatar’s first solar power plant.
Serica Energy’s boss has said the gains squeezed by his team from North Sea fields acquired a year ago show smaller companies can be more efficient.
Oil and gas producer Serica Energy is looking at “a couple of serious opportunities” to expand its UK North Sea portfolio and build on recent deals, its boss said.
Serica Energy bosses said today that the firm’s first-half results justified the hard-fought acquisitions of a North Sea package last year.
Oil firm Serica Energy today completed the acquisition of stakes in three North Sea fields from energy giant BP.
Oil firm Serica Energy has announced a second deal in two days for stakes in the Bruce and Keith fields in the UK North Sea.
Untapped offshore wind is luring Japan’s biggest commodity houses to invest in projects in Taiwan and at home, buoyed by favorable government policies that support development of the clean power.
Modec, Mitsui, Mitsui OSK Lines, Marubeni and Mitsui E&S will collaborate on an ultra-deepwater Brazilian FPSO charter project.
A group of Japanese firms said today that they had agreed to invest in a long-term charter business which will provide an FPSO for the Sepia area offshore Brazil.
North-east oil service firm Ramco said today it had clinched four contracts worth more than £35million.