Japanese firm to invest £10bn in UK renewable projects
Following a deal with the UK government, Japan's Marubeni Corporation looks to invest £10 billion in offshore wind and green hydrogen projects.
Marubeni
ScotWind partner ‘spent three years trying to convince’ cabling giant to set up shop in Highlands
One of the developers behind a major Scottish floating wind project has shed light on the key role it played in persuading a cabling giant to build a factory in the Highlands.
Fugro, Ocean Infinity bag contracts for Ossian offshore wind
Two major marine contractors have secured work providing geotechnical investigations at the site of the Ossian floating wind farm off Scotland’s east coast.
Japan’s first big offshore wind project starts operating
Japan's first large offshore wind project started commercial operations on Thursday as part of the country's efforts to boost wind power generation at sea.
Japan will keep investment in Sakhalin-1 oil project in Russia
Japan will keep its investment in the Sakhalin-1 oil and gas project in Russia, said the nation’s trade chief.
Crown Estate signs string of ScotWind option agreements
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.
KenGen preps for more geothermal power in low-cost push
Kenya’s KenGen has begun delivering steam at the sixth unit of its Olkaria geothermal unit.
Ithaca boosts profits, revenue ahead of ‘capitalisation’ plans
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.
BP makes foray into Japanese offshore wind market with new strategic partnership
Oil and gas giant BP has launched a new joint venture aimed at making inroads into the burgeoning Japanese offshore wind market.
Japanese firms unlikely to exit Russian energy after Shell and ExxonMobil’s departure
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.
‘Sold on the cheap?’ Nicola Sturgeon defends £700m ScotWind plans
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”.
Woodside eyes first mover advantage in North Asian hydrogen markets
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.
Marubeni confirms sale of North Sea business to Ithaca Energy
Japanese trading house Marubeni has confirmed the sale of its North Sea business to Ithaca Energy.
ScotWind partnership claims bids will contribute £15bn to Scottish economy
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 agrees $1billion deal for Marubeni North Sea assets: Report
Ithaca has agreed to acquire the North Sea assets of Marubeni in a $1billion deal, according to a news report.
PIC Group wins O&M work at modular Nigerian refinery
Marubeni-owned PIC Group has won a five-year maintenance agreement from Nigeria’s Azikel Petroleum, for a new refinery in Bayelsa State.
Qatar signs deal with Shell to supply more LNG to China
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.
Australia’s Woodside eyes ammonia exports to Japan
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 calls time on Total, Exxon LNG venture
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 upstream players accelerate exit plans
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 energy crunch after military coup, needs more LNG
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.
Total, Marubeni to invest in 800-megawatt Qatar solar plant
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.
Focused team was key to Serica Energy’s North Sea success
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.
Serica looking at ‘serious’ North Sea acquisition opportunities
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.
Hard-fought acquisitions justified as Serica back in the black
Serica Energy bosses said today that the firm’s first-half results justified the hard-fought acquisitions of a North Sea package last year.