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.
Mitsui
Russia to export more LNG to China
Russian gas independent Novatek is set to export more than 3 million tonnes per year (t/y) of LNG to China from the Arctic LNG 2 project as part of its latest deal with Shenergy Group.
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.
Chevron seeks bids for huge Thai decommissioning wave
Chevron is seeking contractors for a major retirement campaign across the Gulf of Thailand as the Southeast Asian nation braces for a huge wave of decommissioning.
Upbeat boss says Nucore ‘still has plenty on the go’
An Aberdeen-based engineering group is eyeing a boost from Russia’s Far East after Covid-19 left it “scrimping and saving”, its boss said.
Total secures Mozambique LNG financing
The $14.9 billion Mozambique LNG financing has been signed, Oil India Ltd (OIL) has said.
Sempra, Mitsui sketch out LNG extension
Sempra Energy has signed a memorandum of understanding (MoU) on Mitsui & Co. potentially entering LNG projects in the US and Mexico.
Akastor, Mitsui strike deal for joint ownership of Akofs
Two Japanese firms have agreed to buy 50% of Akofs Offshore from Norwegian oil service investor Akastor for $142.5 million.
Dawn of Asia offshore wind boom lures Japan trading houses
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.
Five Japanese firms agree terms for Brazilian FPSO charter
Modec, Mitsui, Mitsui OSK Lines, Marubeni and Mitsui E&S will collaborate on an ultra-deepwater Brazilian FPSO charter project.
Total sign LNG vessel deal
Total Marine Fuels Global Solutions (TMFGS) and Mitsui O.S.K. Lines, Ltd. (MOL) have announced a liquefied natural gas (LNG) vessel deal.
AWE receives ‘unsolicited’ takeover offer from Mitsui
Australian energy company AWE said today that it had received an “unsolicited” takeover offer from Japan’s Mitsui & Co.
Japanese firms agree to supply FPSO for project off Brazil
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.
Akastor to earn $142m from joint venture agreement with Mitsui
Norwegian oil service investment firm Akastor said today that a Japanese business had provisionally agreed to buy into one of its portfolio companies.
Mitsui snaps up 20% of Shell assets in Gulf of Mexico
Tokyo-based Mitsui & Co has agreed to buy a 20% interest in two of Shell’s assets in the Gulf of Mexico. The Kaikias and Circius assets lie about 100 kilometres south-east of New Orleans and are thought to contain recoverable resources of 100million barrels of oil. The value of the deal was not disclosed.
Akastor and Mitsui sign deal for DOF Subsea vessel
Akastor and Mitsui have signed a joint venture to acquire both the Skandi Santos hull from DOF Subsea Rederi AS and the Skandi Santos topside from AKOFS.
Santos offloads Kipper gas field stake
Santos has completed the sale of its 35% non-operated share in the Kipper gas field to Japanese firm Mitsui for $520million in cash.