Successful bidders including SSE Renewables and BlueFloat Energy have signed option agreements with Crown Estate Scotland (CES) for floating offshore wind sites secured as part of the ScotWind auction round.
Kenya’s KenGen has begun delivering steam at the sixth unit of its Olkaria geothermal unit.
North Sea focused E&P Ithaca Energy has returned to profitability on the back of surging commodity prices, as it now looks to capitalise the company following the acquisition of a series of assets from Marubeni.
Oil and gas giant BP has launched a new joint venture aimed at making inroads into the burgeoning Japanese offshore wind market.
There has been increasing speculation that Japanese oil and gas companies may follow their Western peers and exit Russian energy projects in response to Vladimir Putin’s bloody invasion of Ukraine. However, this seems unlikely, as such a move - designed to hurt Russia - would be blunted, as China is expected to fill any void left by departing investors.
Nicola Sturgeon accused opponents of “girning” about major offshore wind investment in a row over human rights, profits and selling off access “on the cheap”.
Australian liquefied natural gas (LNG) developer Woodside (ASX:WPL) is busy positioning itself for a future in which hydrogen may play a growing role in the energy mix. Significantly, it is working closely with customers in its traditional LNG export markets – particularly Japan and South Korea – to meet demand for cleaner forms of energy.
Japanese trading house Marubeni has confirmed the sale of its North Sea business to Ithaca Energy.
SSE Renewables, Japanese conglomerate Marubeni Corporation (Marubeni) and Danish fund management company Copenhagen Infrastructure Partners (CIP) have announced that up to £15 billion would be added to the Scottish economy by their proposed offshore wind projects in Scotland via the Crown Estate Scotland’s seabed leasing process.
Ithaca has agreed to acquire the North Sea assets of Marubeni in a $1billion deal, according to a news report.
Marubeni-owned PIC Group has won a five-year maintenance agreement from Nigeria’s Azikel Petroleum, for a new refinery in Bayelsa State.
Qatar Petroleum is set to supply another 1 million tonnes per year (t/y) of liquefied natural gas (LNG) to China after signing a 10-year contract with Shell. The deal brings Qatari LNG supplies to China under long-term deals to 12 million t/y.
Australian oil and gas producer Woodside has teamed up with Japanese companies IHI and Marubeni to explore production and export of "green ammonia" to Japan.
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.