Idemitsu Company News

Recent Articles

Results 47 articles shown

Refiners Taken Aback by Saudi Output Pledge
Several oil refiners in Asia were taken aback by Saudi Arabia's pledge to curb 1 million barrels a day of supplies from next month.
7:00 PM EST | January 06, 2021
Equinor Plans to Power Offshore Platforms with Wind
A rendering of the Hywind Tampen floating wind farm between the Gullfaks and Snorre licenses in the North Sea. Illustration copyright Equinor AS
8:00 PM EST | April 08, 2020
Source: Activist Fund Oasis Takes Stakes in Japan's Idemitsu & Showa Shell
Oasis 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.
8:00 PM EST | June 14, 2018
OMV Says Wisting Arctic Discovery May Exceed 1B Barrels
OMV'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.
7:00 PM EST | November 16, 2016
Tullow Oil: Discovery Made in Cara Prospect Offshore Norway
Tullow Oil Norge AS reveals that an oil and gas discovery has been made in the Cara prospect offshore Norway.
8:00 PM EST | September 15, 2016
Aker Secures FEED Deal from Idemitsu for Blocks 05-1b, 05-1c Off Vietnam
Aker 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.
8:00 PM EST | July 11, 2016
OMV Increases Production in 1Q 2016
OMV Aktiengesellschaft's hydrocarbon production in 1Q increases by 1% over the previous quarter to 312,000 barrels of oil equivalent per day.
8:00 PM EST | April 20, 2016
OMV: Wisting Central II Achieves 5,000 Bopd Flow Rate
The Wisting Central II horizontal appraisal well in the Barents Sea achieves flow rates of over 5,000 barrels of oil equivalent per day.
8:00 PM EST | April 05, 2016
Lundin Granted Drilling Permit in PL609
The Norwegian Petroleum Directorate has granted Lundin Norway a drilling permit for well 7220/11-3 A, which is located in production license 609.
8:00 PM EST | September 09, 2015
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
Lundin Spuds Appraisal Well on Alta Discovery
Lundin Petroleum spuds an appraisal well on the Alta discovery in the southern Barents Sea.
8:00 PM EST | March 24, 2015
Wintershall Completes Takeover of Vega Field in the North Sea
Germany's Wintershall completes the takeover from Statoil of the operatorship of the Vega subsea oil and gas field offshore Norway.
7:00 PM EST | March 03, 2015
Small-Scale LNG Projects in British Columbia Nudge Ahead
Small-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.
7:00 PM EST | January 29, 2015
Statoil Defers Decision on $5.7B Oil Recovery Project
Norway'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.
7:00 PM EST | November 30, 2014
Idemitsu Makes Gas, Condensate Find at Blocks 05-1b & 05-1c Off Vietnam
Inpex reports that Idemitsu, the operator of Blocks 05-1b and 05-1c offshore southern Vietnam, made a gas and condensate discovery.
8:00 PM EST | August 20, 2014
Mercur Rig Contracted for Vietnam Well
Songa Mercur is contracted by Idemitsu Oil & Gas for a well located offshore Vietnam.
8:00 PM EST | June 09, 2013
Idemitsu Discovers O&G Reserves in North Sea Structure
Idemitsu 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.
7:00 PM EST | December 25, 2011
Idemitsu Petroleum Drills Duster in North Sea
Idemitsu Petroleum Norge, operator of production license 377 S, has completed the drilling of wildcat well 35/7-1 ST2.
8:00 PM EST | July 25, 2011
RWE Dea Discovers Gas at Titan Prospect
RWE Dea has discovered oil in the 35/9-6 S well on the Titan prospect in the Norwegian sector of the North Sea.
7:00 PM EST | December 06, 2010
Small Find Proves Oil in North Sea's Tampen Area
Statoil has proven the existence of oil in a well in the Tampen area in the northeastern area of the Snorre field.
7:00 PM EST | February 22, 2010
OMV Strikes Success at Deepwater Tornado Sidetrack
OMV's first operated exploration well in deepwater West of Shetlands has resulted in a discovery and successful sidetrack.
7:00 PM EST | November 01, 2009
Tornado Hits Oil and Gas West of Shetland
A consortium led by OMV has made an oil and gas discovery at the Tornado prospect, offshore West of Shetland, UK.
8:00 PM EST | October 13, 2009
StatoilHydro Spotlights Drilling on Peon Shallow Gas Discovery
StatoilHydro'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.
8:00 PM EST | July 22, 2009
StatoilHydro to Recover Big Gains from Vega South
A 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.
8:00 PM EST | July 13, 2009
StatoilHydro Strikes Oil Close to Vigdis in North Sea
StatoilHydro has struck oil during the drilling of an exploration well and a sidetrack north of the Vigdis East field in the North Sea.
8:00 PM EST | March 24, 2009
StatoilHydro Gets Go-Ahead to Drill South of Snorre in Block 34/7
The 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.
8:00 PM EST | March 17, 2009
NPD Grants StatoilHydro Drilling Permit for North Sea License 089
The Norwegian Petroleum Directorate has granted StatoilHydro ASA a drilling permit for wellbore 34/7-34, which will be drilled by the Borgland Dolphin semisub.
7:00 PM EST | February 15, 2009
RWE Reports on Jordbaer Discovery, to Drill 8 More Norwegian Wells
RWE Dea has had a successful 2008 drilling campaign in Norway, with discoveries at the Jordbaer, Uer and Blomster prospects.
8:00 PM EST | October 15, 2008
BG Norge, Partners' Jordbaer Discovery Flows 7,500 BPD
BG 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.
8:00 PM EST | August 10, 2008
BG, Partners Make Discovery at Jordbaer
Revus 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.
8:00 PM EST | July 09, 2008
Vigdis Template Onstream
The 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.
8:00 PM EST | April 28, 2008
Jordbaer Well Spudded
Revus Energy ASA announced that Bredford Dolphin commenced drilling on the Jordbaer prospect (PL 373S) on 28th April.
8:00 PM EST | April 28, 2008
StatoilHydro Proves Hydrocarbons at C Ost Prospect
The 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.
7:00 PM EST | January 13, 2008
Norsk Hydro Strikes with Wildcat Well
Norsk Hydro has concluded drilling of wildcat well 35/11-15 S with sidetrack 35/11-15 ST5 in the North Sea.
8:00 PM EST | June 10, 2007
Faroe Inks Multi-License Farm-out Deal with Idemitsu
Faroe Petroleum has entered into its first Atlantic Margin farm-out agreement which involves four high impact exploration wells.
8:00 PM EST | May 17, 2007
Hydro Ready with Vega Plan
Hydro 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.
7:00 PM EST | December 14, 2006
Astero Appraisal Well Proves Additional Oil Volumes
Norsk Hydro as operator of Production License 090B has completed drilling of the appraisal well 35/11-14S.
7:00 PM EST | November 19, 2006
Hydro Starts Production at Fram East
Oil 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.
7:00 PM EST | October 31, 2006
VRJ-Petroleum Makes Oil Discovery Offshore Vietnam
VRJ-Petroleum has made an oil discovery at the Doi Moi field with well 03-9-DM-2X located offshore Vietnam.
8:00 PM EST | September 27, 2006
Hydro Plans New Gas Developments in the North Sea
Hydro 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.
8:00 PM EST | August 21, 2006
Hydro Completes Peon Re-entry
Hydro has completed a re-entry operation in the Peon gas discovery on the Norwegian Continental Shelf.
8:00 PM EST | August 17, 2006
Wavefield Wins Idemitsu North Sea Contract
Wavefield 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.
8:00 PM EST | May 18, 2006
Norway Announces Awards from the 19th Licensing Round
The 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.
7:00 PM EST | March 30, 2006
Revus Acquires Stake in PL377S from Idemitsu
Revus Energy has signed an agreement with Idemitsu Petroleum Norge AS to acquire a 30% interest in PL 377S located in block 35/7.
7:00 PM EST | March 08, 2006
Statoil & Partners Investing in Vigdis to Improve Oil Recovery
The 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.
7:00 PM EST | February 01, 2006
Norway Pre-Qualifies Idemitsu to Operate on the Norwegian Shelf
Idemitsu Petroleum Norge has now been pre-qualified as an operator on the Norwegian continental shelf.
8:00 PM EST | October 18, 2005
Contracts Signed for Fram East Development
Initial 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.
7:00 PM EST | February 23, 2005