Sumitomo Company News

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Results 17 articles shown

$6B Buffett Japan Wager Could Signal More Commodity Deals
Japan's trading houses supply the resource-poor country with everything from natural gas to noodles.
8:00 PM EST | August 30, 2020
Sumitomo Joins Yinson in Petrobras FPSO Project
The agreement grants Sumitomo a 25-percent interest in the FPSO Anna Nery project that Petrobras awarded Yinson last fall.
8:00 PM EST | April 29, 2020
Japanese Banks Expand To Ranks of World's Biggest Energy Lenders
Japanese banks, known for the risk-aversion that spared them the worst of the credit crisis, have quietly grown into some of the world's largest energy lenders.
8:00 PM EST | June 08, 2016
JOGMEC Provides $45.6M Funding for Idemitsu-Sumitomo's Vietnam Exploration
JOGMEC provides $45.6 million in equity financing to Idemitsu and Sumitomo for two exploration blocks offshore Vietnam.
8:00 PM EST | August 13, 2015
Ithaca Buys Interests in 3 UK Fields
Ithaca Energy pays Sumitomo Corporation $170 million for two North Sea fields and one onshore UK field.
8:00 PM EST | June 22, 2014
Japan Bank to Fund JX Nippon North Sea Acquisitions
The Japan Bank for International Cooperation will lend up to $881 million to JX Nippon Oil and Gas Exploration Corporation to help it finance the cost of purchasing to North Sea fields.
8:00 PM EST | April 11, 2013
Devon Energy Agrees to $1.4B Venture
Devon agrees to sell 30% of its interest in the Cline Shale and the Midland-Wolfcamp Shale to Sumitomo in a deal valued at about $1.4B.
8:00 PM EST | July 31, 2012
Sumitomo's Gas-to-Synthetic Crude Process Enters Commercial Phase
Sumitomo signs a contract with CompactGTL (CGTL), Sumitomo Precision Products and Kawasaki Heavy Industries to commercialize gas-to-synthetic crude technology.
8:00 PM EST | June 24, 2012
Rex-Sumitomo JV Closes Marcellus Shale Transaction
Rex has closed its previously announced Marcellus Shale joint venture transaction with Summit Discovery, a wholly owned subsidiary of Sumitomo.
8:00 PM EST | September 29, 2010
Carrizo Forms Strategic JV with Sumitomo in Barnett Shale
Carrizo Oil & Gas announced the sale of an interest in a portion of its core Barnett Shale acreage to a subsidiary of Sumitomo Corporation for $15.7 million. Sumitomo has the right to participate in up to 56 future wells within these units.
7:00 PM EST | December 14, 2009
OMS Measures Up for Innovation Award
The UK company, which specialises in precision measurement services and tools for the oil and gas industry, has just scooped its third prestigious Pipeline Industries Guild award.
8:00 PM EST | March 18, 2008
IPIC Awards $460 Million in Deals on Abu Dhabi-Fujairah Pipeline
IPIC awarded contracts worth $460 million to three companies to supply pipes for a domestic crude oil export line linking the U.A.E.'s emirates of Abu Dhabi and Fujairah.
7:00 PM EST | December 30, 2007
Statoil Seals Steel Deals for Drilling, Developments
New framework agreements worth an estimated NOK 13.2 billion will secure Statoil's need for casings, tubing and pipeline steel for the next five years.
8:00 PM EST | May 17, 2007
BP Indonesia Hopes to Secure Another $900M for Tangguh
BP Indonesia hopes to secure the remaining US$900 million needed for the Tangguh liquefied natural gas project by the end of next year, according to the company's executive vice president in charge of the Tangguh enterprise, Budiman Parhusip.
7:00 PM EST | December 11, 2006
Paladin Completes Sale of Ross & Blake Fields
Paladin has completed the sale of its stake in the Blake and Ross Fields to Petro Summit Investment.
8:00 PM EST | April 06, 2005
Paladin Sells Stake in Ross and Blake Fields in the UK
Paladin Resources has signed a Sale and Purchase Agreement with Petro Summit Investment UK Limited in which Summit will acquire Paladin's 30.82 percent fixed unitized interest in the Ross Field and its 2.40 percent fixed unitized interest in the Blake Field, together with its interests in a number of exploration blocks in the vicinity of these two fields.
7:00 PM EST | January 16, 2005
Seven New Companies on the Norwegian Shelf in 2004
The companies Wintershall, Noble Energy and Centrica are the latest of a total of seven new players pre-qualified by the authorities in 2004 as licensees or operators on the Norwegian shelf.
7:00 PM EST | December 21, 2004