Idemitsu Company News
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Refiners Taken Aback by Saudi Output Pledge
Thursday, January 07, 2021Several oil refiners in Asia were taken aback by Saudi Arabia's pledge to curb 1 million barrels a day of supplies from next month.
Equinor Plans to Power Offshore Platforms with Wind
Thursday, April 09, 2020A rendering of the Hywind Tampen floating wind farm between the Gullfaks and Snorre licenses in the North Sea. Illustration copyright Equinor AS
Source: Activist Fund Oasis Takes Stakes in Japan's Idemitsu & Showa Shell
Friday, June 15, 2018Oasis Management has taken stakes in Japanese oil refiners Idemitsu Kosan Co Ltd and Showa Shell Sekiyu, keen to encourage a proposed merger that has been opposed by Idemitsu's founding family.
OMV Says Wisting Arctic Discovery May Exceed 1B Barrels
Thursday, November 17, 2016OMV's Wisting discovery in the Barents Sea could contain more than 1 billion barrels of oil equivalents, potentially making it the largest find in the Norwegian Arctic so far.
Tullow Oil: Discovery Made in Cara Prospect Offshore Norway
Friday, September 16, 2016Tullow Oil Norge AS reveals that an oil and gas discovery has been made in the Cara prospect offshore Norway.
Aker Secures FEED Deal from Idemitsu for Blocks 05-1b, 05-1c Off Vietnam
Tuesday, July 12, 2016Aker Solutions secures a front end engineering and design (FEED) contract for Idemitsu's Blocks 05-1b and 05-1c development in the Nam Con Son basin offshore Vietnam.
OMV Increases Production in 1Q 2016
Thursday, April 21, 2016OMV Aktiengesellschaft's hydrocarbon production in 1Q increases by 1% over the previous quarter to 312,000 barrels of oil equivalent per day.
OMV: Wisting Central II Achieves 5,000 Bopd Flow Rate
Wednesday, April 06, 2016The Wisting Central II horizontal appraisal well in the Barents Sea achieves flow rates of over 5,000 barrels of oil equivalent per day.
Lundin Granted Drilling Permit in PL609
Thursday, September 10, 2015The Norwegian Petroleum Directorate has granted Lundin Norway a drilling permit for well 7220/11-3 A, which is located in production license 609.
JOGMEC Provides $45.6M Funding for Idemitsu-Sumitomo's Vietnam Exploration
Friday, August 14, 2015JOGMEC provides $45.6 million in equity financing to Idemitsu and Sumitomo for two exploration blocks offshore Vietnam.
Lundin Spuds Appraisal Well on Alta Discovery
Wednesday, March 25, 2015Lundin Petroleum spuds an appraisal well on the Alta discovery in the southern Barents Sea.
Wintershall Completes Takeover of Vega Field in the North Sea
Wednesday, March 04, 2015Germany's Wintershall completes the takeover from Statoil of the operatorship of the Vega subsea oil and gas field offshore Norway.
Small-Scale LNG Projects in British Columbia Nudge Ahead
Friday, January 30, 2015Small-scale LNG projects are emerging as bright spots in British Columbia's bid to become a major exporter of natural gas, with two floating projects on the Canadian province's Pacific Coast moving ahead even as larger projects face delays.
Statoil Defers Decision on $5.7B Oil Recovery Project
Monday, December 01, 2014Norway's Statoil has postponed a decision to invest 40 billion crowns ($5.74 billion) in a mature field, saying that it needed more time to refine the project as its profitability was under threat.
Idemitsu Makes Gas, Condensate Find at Blocks 05-1b & 05-1c Off Vietnam
Thursday, August 21, 2014Inpex reports that Idemitsu, the operator of Blocks 05-1b and 05-1c offshore southern Vietnam, made a gas and condensate discovery.
Mercur Rig Contracted for Vietnam Well
Monday, June 10, 2013Songa Mercur is contracted by Idemitsu Oil & Gas for a well located offshore Vietnam.
Idemitsu Discovers O&G Reserves in North Sea Structure
Monday, December 26, 2011Idemitsu Kosan says partners of the Knarr Vest structure in the North Sea in Norway have discovered an accumulation of oil and gas through two exploration wells.
Idemitsu Petroleum Drills Duster in North Sea
Tuesday, July 26, 2011Idemitsu Petroleum Norge, operator of production license 377 S, has completed the drilling of wildcat well 35/7-1 ST2.
RWE Dea Discovers Gas at Titan Prospect
Tuesday, December 07, 2010RWE Dea has discovered oil in the 35/9-6 S well on the Titan prospect in the Norwegian sector of the North Sea.
Small Find Proves Oil in North Sea's Tampen Area
Tuesday, February 23, 2010Statoil has proven the existence of oil in a well in the Tampen area in the northeastern area of the Snorre field.
OMV Strikes Success at Deepwater Tornado Sidetrack
Monday, November 02, 2009OMV's first operated exploration well in deepwater West of Shetlands has resulted in a discovery and successful sidetrack.
Tornado Hits Oil and Gas West of Shetland
Wednesday, October 14, 2009A consortium led by OMV has made an oil and gas discovery at the Tornado prospect, offshore West of Shetland, UK.
StatoilHydro Spotlights Drilling on Peon Shallow Gas Discovery
Thursday, July 23, 2009StatoilHydro's appraisal drilling at the Peon gas discovery could represent the start of exploration with a view towards developing shallow gas on the Norwegian shelf.
StatoilHydro to Recover Big Gains from Vega South
Tuesday, July 14, 2009A few simple modifications to wells already planned will allow StatoilHydro to recover seven million barrels of oil and a billion standard cubic meters of associated gas from Vega South.
StatoilHydro Strikes Oil Close to Vigdis in North Sea
Wednesday, March 25, 2009StatoilHydro has struck oil during the drilling of an exploration well and a sidetrack north of the Vigdis East field in the North Sea.
StatoilHydro Gets Go-Ahead to Drill South of Snorre in Block 34/7
Wednesday, March 18, 2009The Norwegian Petroleum Directorate has granted StatoilHydro ASA a drilling permit for wellbore 34/7-34 A, which is south of the Snorre field and northeast of the Vigdis field in the North Sea.
NPD Grants StatoilHydro Drilling Permit for North Sea License 089
Monday, February 16, 2009The Norwegian Petroleum Directorate has granted StatoilHydro ASA a drilling permit for wellbore 34/7-34, which will be drilled by the Borgland Dolphin semisub.
RWE Reports on Jordbaer Discovery, to Drill 8 More Norwegian Wells
Thursday, October 16, 2008RWE Dea has had a successful 2008 drilling campaign in Norway, with discoveries at the Jordbaer, Uer and Blomster prospects.
BG Norge, Partners' Jordbaer Discovery Flows 7,500 BPD
Monday, August 11, 2008BG Norge, Operator of Production license 373 S, has made a significant oil discovery on the Jordbaer prospect. The well has been tested with an average oil rate of approximately 7,500 barrels per day.
BG, Partners Make Discovery at Jordbaer
Thursday, July 10, 2008Revus confirmed a gas/oil discovery on the Jordbaer prospect in the Norwegian North Sea. Operations are still ongoing and further data gathering with subsequent evaluation will continue.
Vigdis Template Onstream
Tuesday, April 29, 2008The oil is now flowing from template number three on the Vigdis East structure in the North Sea, adding 16 million barrels of oil to the Vigdis production.
Jordbaer Well Spudded
Tuesday, April 29, 2008Revus Energy ASA announced that Bredford Dolphin commenced drilling on the Jordbaer prospect (PL 373S) on 28th April.
StatoilHydro Proves Hydrocarbons at C Ost Prospect
Monday, January 14, 2008The Norwegian Petroleum Directorate reports that StatoilHydro and its JV partners have concluded drilling a development well to prove petroleum in production licenses 090 and 090D. The discovery size is from 3-6 million Sm3 oil equivalents.
Norsk Hydro Strikes with Wildcat Well
Monday, June 11, 2007Norsk Hydro has concluded drilling of wildcat well 35/11-15 S with sidetrack 35/11-15 ST5 in the North Sea.
Faroe Inks Multi-License Farm-out Deal with Idemitsu
Friday, May 18, 2007Faroe Petroleum has entered into its first Atlantic Margin farm-out agreement which involves four high impact exploration wells.
Hydro Ready with Vega Plan
Friday, December 15, 2006Hydro and its partners submitted the Plan for development and operation (PDO) of the Vega and Vega South fields to the Norwegian Ministry of Oil & Energy.
Astero Appraisal Well Proves Additional Oil Volumes
Monday, November 20, 2006Norsk Hydro as operator of Production License 090B has completed drilling of the appraisal well 35/11-14S.
Hydro Starts Production at Fram East
Wednesday, November 01, 2006Oil and gas production from Fram East in the Troll area has started. At peak production, this new field will contribute to a 50,000 barrel-per-day increase in oil production from the Hydro-operated Troll C platform.
VRJ-Petroleum Makes Oil Discovery Offshore Vietnam
Thursday, September 28, 2006VRJ-Petroleum has made an oil discovery at the Doi Moi field with well 03-9-DM-2X located offshore Vietnam.
Hydro Plans New Gas Developments in the North Sea
Tuesday, August 22, 2006Hydro has started work on composing a joint plan for development and operation of the gas discoveries Camilla, Belinda, and Fram B in the North Sea, off the coast of the county Sogn and Fjordane.
Hydro Completes Peon Re-entry
Friday, August 18, 2006Hydro has completed a re-entry operation in the Peon gas discovery on the Norwegian Continental Shelf.
Wavefield Wins Idemitsu North Sea Contract
Friday, May 19, 2006Wavefield Geophysical has been commissioned by Idemitsu Petroleum Norge AS to carry out a seismic survey in the North Sea. The project, due to commence in August and expected to take one month, will involve a 3D marine survey offshore Norway.
Norway Announces Awards from the 19th Licensing Round
Friday, March 31, 2006The Norwegian Minister of Petroleum and Energy is today awarding new production licenses for the 19th licensing round on the Norwegian continental shelf. 17 companies will receive offers to participate in 13 new production licenses.
Revus Acquires Stake in PL377S from Idemitsu
Thursday, March 09, 2006Revus Energy has signed an agreement with Idemitsu Petroleum Norge AS to acquire a 30% interest in PL 377S located in block 35/7.
Statoil & Partners Investing in Vigdis to Improve Oil Recovery
Thursday, February 02, 2006The partners in the Statoil-operated Vigdis license in the North Sea are investing NOK 1.2 billion to improve oil and gas recovery in the area.
Norway Pre-Qualifies Idemitsu to Operate on the Norwegian Shelf
Wednesday, October 19, 2005Idemitsu Petroleum Norge has now been pre-qualified as an operator on the Norwegian continental shelf.
Contracts Signed for Fram East Development
Thursday, February 24, 2005Initial field development contracts had been signed before Hydro's plan for development and operation (PDO) for the Fram East satellite field in the North Sea was submitted to Norway's Ministry of Petroleum and Energy. From boring of wells through pipeline tie-in and new Troll C processing infrastructure, the Fram East development project will cost an estimated NOK 4.6 billion.