japan

Japan’s Marubeni Buys BP GOM Stakes for $650M

A unit of Japan’s Marubeni Corp. on Monday agreed to buy BP plc’s stakes in four deepwater oil and gas fields in the Gulf of Mexico (GOM) for $650 million.

October 26, 2010

Unit of Japanese Firm Buying Niobrara Oil Shale Stake

A unit of Japan’s ITOCHU Corp. is to acquire a one-quarter interest in Niobrara oil shale acreage in southeastern Wyoming, marking the first time a Japanese company is participating in a U.S. oil shale project.

October 18, 2010

Rex Energy Snags Sumitomo as Marcellus Partner

Pennsylvania-based producer Rex Energy Corp. is partnering in the Marcellus Shale with a subsidiary of Japan’s Sumitomo Corp. in a transaction expected to pay dividends for years to come, the companies said last week.

September 6, 2010

Rex Energy Snags Sumitomo as Marcellus Partner

Pennsylvania-based producer Rex Energy Corp. said Tuesday it will partner in the Marcellus Shale with a subsidiary of Japan’s Sumitomo Corp. in a transaction expected to pay dividends for years to come.

September 1, 2010

Chevron Sells More Future Gorgon LNG Production

Australian subsidiaries of Chevron Corp. and Japan’s Chubu Electric Power Co. Inc. have signed binding long-term sales and purchase agreements (SPA) for a portion of Chevron’s share of liquefied natural gas (LNG) to be produced from the Gorgon Project off Australia’s coast.

December 17, 2009

Contango Completes Sale of Interest in Freeport LNG

Houston-based Contango Oil & Gas Co. has closed the sale of its 10% limited partnership interest in Freeport LNG Development LP to Turbo LNG LLC, an affiliate of Japan’s Osaka Gas Co. Ltd., for approximately $68 million, the company said Tuesday.

February 6, 2008

Japanese Trading Giant’s Range Resources Buy Expands U.S. Presence

To build its presence in the U.S. offshore, Itochu Corp. has purchased Range Resources Inc.’s Gulf of Mexico (GOM) natural gas-rich assets for $155 million. Japan’s fourth-largest trading company said it plans to invest about $170 million [Y20 billion) this year in the United States to build its U.S. gas business.

April 3, 2007

Long Beach, CA LNG Terminal Plans Pushed Back to 2011

As the field of would-be West Coast liquefied natural gas (LNG) terminal proponents has gotten more crowded, one of the early developers, Japan’s Mitsubishi Corp., has had to push back the initial terminal start date by nearly four years. Its current joint plans with subsidiaries of ConocoPhillips to open a terminal in Long Beach, CA harbor target 2011 for the first commercial operations, Mitsubishi’s COO for the project said Wednesday.

May 25, 2006

Chevron, Japan’s Osaka Gas Agreement to Deliver LNG from Gorgon Project

Chevron Corp.’s Australian unit has signed a “heads of agreement” with Japan’s Osaka Gas Co. Ltd. to deliver 1.5 million metric tons/year of liquefied natural gas (LNG) from the Gorgon Project beginning in 2011. The parties also are discussing a possible sale of equity interest in the project, which is jointly owned by Chevron (50%), Royal Dutch Shell (25%) and ExxonMobil Corp. (25%).

December 9, 2005
1 3 4 5 Next ›