Mitsui Company News
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$6B Buffett Japan Wager Could Signal More Commodity Deals
Monday, August 31, 2020Japan's trading houses supply the resource-poor country with everything from natural gas to noodles.
$16B LNG Funding Deal Bucks Slowdown
Thursday, July 16, 2020Total SA's Mozambique LNG project has completed as much as $16 billion in funding.
Cameron LNG's Second Train Begins Commercial Ops
Tuesday, March 03, 2020Train 3 remains on track to start initial LNG production in the second quarter of 2020.
Sempra and Mitsui Eye Stronger LNG Ties
Tuesday, October 29, 2019Cameron LNG loads the first commissioning cargo from Train 1 of the export project in Hackberry, La., on May 28, 2019. PHOTO SOURCE: Sempra Energy
Japan's Mitsui Chemicals Restarts Naphtha Cracker At Fire-Hit Plant
Monday, August 13, 2018Mitsui Chemicals says it restarts a 500,000 tonne-per-year naphtha cracker plant in Osaka in western Japan.
Japan's Mitsui OSK Targets 26% Stake In Swan's Indian LNG Unit
Monday, September 18, 2017Mitsui OSK Lines aims to buy at least a 26% stake in a floating storage regassification unit (FSRU) in India.
As Rivals Circle, Japan Boosting Firepower To Buy Global Energy Assets
Friday, September 23, 2016Japan plans to rush through a bill to provide more financial muscle for its companies to compete for global energy assets, just as other resource-hungry Asian economies such as China and India are also looking to snap up depressed oil assets.
Gas Glut Upends Global Trade Flows As Buyers Find New Leverage
Tuesday, August 16, 2016The market for liquefied natural gas is about to attract more players and more trading as new supply from the U.S. and Australia strengthens buyers' bargaining power.
OneSubsea Bags $300M Contract for Greater Enfield Project Off Australia
Friday, July 15, 2016OneSubsea bags a $300 million engineering, procurement and construction contract from Woodside for the Greater Enfield Project offshore northwest Australia.
Woodside-Mitsui JV Approves $1.9B Greater Enfield Project Off WA
Monday, June 27, 2016The Woodside-Mitsui joint venture approves the development plan for the $1.9 billion Greater Enfield Project off Exmouth in Western Australia, with first oil planned for mid-2019.
Japan Energy Spending Cuts Add Urgency to Securing Future Supply
Tuesday, May 17, 2016Energy companies in Japan are slashing investments by more than one-third following the collapse in commodity prices, increasing pressure on Prime Minister Shinzo Abe's government to supplement exploration budgets.
Japan's MOL Agrees Deal to Provide FSRU to Uruguay's Gas Sayago
Thursday, May 12, 2016Japan's Mitsui O.S.K Lines agreed to a charter contract with Gas Sayago for a floating storage and regasification unit to be deployed in Uruguay.
NZOG Reports 15.3% Rise in Developed Reserves in Kupe Field Off Taranaki
Thursday, April 21, 2016New Zealand Oil & Gas reports a 15.29 percent rise in developed reserves in the Kupe oil and gas field off Taranaki, New Zealand.
Santos Completes Sale of 35% Stake in Kipper Field Off Australia to Mitsui
Thursday, March 03, 2016Santos completes sale of a 35 percent stake in Kipper gas and condensate field in the Gippsland Basin, offshore Australia to Japan's Mitsui for $358.2 million.
Genesis Energy Upgrades O&G Reserves at Kupe Field Offshore Taranaki
Wednesday, December 09, 2015Genesis Energy upgrades its developed reserves in the Kupe oil and gas field offshore New Zealand's south Taranaki coast.
MOL, Gas Sayago to Continue with Development of the Uruguay FSRU Project
Tuesday, October 06, 2015Japan's Mitsui O.S.K. Lines to continue proceeding with the floating storage and regasification unit project led by Uruguay's Gas Sayago.
Russia Oil Output at Post-Soviet High on Foreign Projects, Rosneft
Friday, October 02, 2015Russian oil output reached a new post-Soviet monthly high of 10.74 million barrels per day in September thanks to foreign-led projects and Rosneft, according to Russia's Energy Ministry.
Petsec Energy Completes Acquisition of 29.75% Stake in Yemen's Block 7
Thursday, October 01, 2015Australia's Petsec Energy completes acquisition of a 29.75 percent stake in Yemen's onshore Block 7 in the Al Barqa permit from Mitsui and AWE.
Japan's MES Develops Next Generation Hull Platform for FPSO
Friday, September 18, 2015Japan's Mitsui Engineering & Shipbuilding Co has developed the next generation hull platform for floating production, storage and offloading facility for the offshore oil industry.
PTTEP Sells 20% Stakes in 2 Blocks in Myanmar to MOECO, Palang Sophon
Monday, August 31, 2015Thailand's PTTEP sells 20 percent interest in two onshore blocks in Myanmar to Japan's MOECO and Thai-based Palang Sophon Offshore.
Petrobras Said to Attract Mitsui in Brazil Gas Pipeline Sale
Friday, May 08, 2015Petrobras has drawn interest from Mitsui & Co. in the sale of a package of natural gas pipelines, according to people with knowledge of the matter.
MODEC Secures Japanese Partners in Petrobras FPSO Project
Tuesday, April 14, 2015Three Japanese partners join MODEC to provide a floating production, storage and offloading vessel to Petrobras for the Tartaruga Verde and Tartar Mestica oil fields offshore Brazil.
Thailand Puts Bidding For Oil, Gas Concessions On Hold
Tuesday, February 24, 2015Thailand's military government will delay bidding for new oil and gas concessions indefinitely, pending an amendment to a petroleum law, Prime Minister Prayuth Chan-ocha says.
Tethys Suspends LE-1 Exploration Well in Oman's Block 4 for Further Study
Thursday, November 20, 2014Tethys Oil suspends LE-1 onshore exploration well in Oman's Block 4 for further study.
Japan's MOL To Launch Arctic Ocean LNG Route From Russia's Yamal In 2018
Wednesday, July 09, 2014Japan's Mitsui OSK Lines is to begin transporting liquefied natural gas through the Arctic Ocean in 2018 using icebreaking LNG tankers.
Petsec Energy Raises Stake in Yemen's Block 7 to 29.75%
Monday, June 02, 2014Petsec Energy raises its stake in Yemen's Block 7 to 29.75% after acquiring 8.5% interest from Mitsui.
Otis Energy Drops Plan to Acquire 8.5% Stake in Yemen's Block 7
Thursday, May 22, 2014Otis Energy drops plan to acquire an 8.5 percent stake in Block 7 in Yemen.
Report: Russia's Yamal LNG Chooses Gas Carriers
Wednesday, April 23, 2014The Yamal LNG project in Russia's Arctic region chooses Sovkomflot, Mitsui OSK and Teekay LNG to build gas carriers worth $5 billion.
Tethys Oil Makes Discovery at B4EW6 Well in Oman
Thursday, February 13, 2014Tethys Oil makes new discovery at B4EW6 onshore exploration well in Oman.
ONGC, Mitsui Sign MOU to Jointly Explore, Produce Hydrocarbons Globally
Monday, January 27, 2014ONGC and Mitsui sign a memorandum of understanding for cooperation in the exploration and production of conventional and unconventional petroleum and natural gas opportunities in India and third countries.
Japan's Chubu, Mitsui in Energy Tie-ups With India Firms
Friday, January 24, 2014Chubu Electric Power and Mitsui are set to sign memorandums of understanding with Indian firms to cooperate in the energy sector, industry sources say.
Japan Loans Mozambique $672M to Develop Access to Resources
Monday, January 13, 2014Japan will lend Mozambique $672 million over five years, Prime Minister Shinzo Abe says, as the Asian nation seeks to secure access to the East African country's rich coal and gas reserves.
Rosneft, Foreign-Led Firms Boost Russian Oil Output to Post-Soviet Record
Monday, December 02, 2013Rosneft boosts Russian oil output to post-Soviet record with the help of foreign-led companies.
Brazil Gears Up for Big Oil Auction Amid Heavy Security
Monday, October 21, 2013Brazil gears sell production rights to its largest-ever oil discovery in a landmark auction that sparked widespread nationalist protests even though most of the world's premier energy companies opted to stay away.
Woodside Says May Build 3 Floating LNG Plants for Browse
Tuesday, October 15, 2013Woodside Petroleum could build three floating liquefied natural gas plants for its Browse project, according to its chief executive.
AWE, NZOG, PPP to Acquire Mitsui 35% Stake in Tui Area Oil Project
Thursday, October 03, 2013AWE announces that remaining partners in Tui Area Oil Project off the Taranaki Basin in New Zealand will raise their stakes after Mitsui's decision to divest its 35 percent interest in the development.
Mitsui, Marubeni, MOL Join MODEC in TEN FPSO Project
Monday, September 30, 2013MODEC reports that Mitsui, Marubeni and Mitsui O.S.K Lines will participate in its project to supply a floating production, storage and offloading vessel for the TEN development off Ghana.
Novatek Close to Pick Final Yamal LNG Partner – Paper
Thursday, September 26, 2013Novatek close to picking a third and final partner for its Yamal LNG project.
Woodside's Net Profit Leaps to $2.98B on Strong Delivery from Pluto
Wednesday, February 20, 2013Woodside clocks full-year net profit at $2.98 billion, up 97.9 percent from a year earlier as Pluto project delivers better-than-expected operational results.
Tui JV to Drill Two Wells in Newly Mapped Area Offshore New Zealand
Tuesday, January 29, 2013Partners in the offshore Taranaki Tui oil field aim to drill two wells in a newly mapped northern extension of the Pateke North field.
BP Sells North Sea Assets to Mitsui
Tuesday, June 26, 2012BP's sale is further evidence of BP's active asset management strategy after sale of Wyoming properties to LINN Energy on Monday.
Mitsui Acquires Stake in Water Standard
Thursday, May 31, 2012Water Standard announced that Mitsui has acquired a minority interest in Water Standard as it pursues opportunities in the emerging global EOR market.
Modec, Mitsui, Marubeni Charter FPSO for Cernambi Sul
Friday, March 23, 2012MODEC, Mitsui and Marubeni have agreed that the cos will invest in a long-term charter business operated by MODEC for the purpose of providing an FPSO for use in Cernambi Sul offshore Brazil.
Mitsui Agrees to $90M Settlement in Deepwater Spill Case
Friday, February 17, 2012Mitsui has agreed to pay $90 million to settle its Clean Water Act liability from the Deepwater Horizon oil spill in the GOM.
Salamander Farms Into Gulf of Thailand Block
Friday, September 09, 2011Salamander Energy plc announced that its fully owned subsidiary, Salamander Energy Ltd has agreed to farm-in to Block G4/50 in the Gulf of Thailand, earning equity in the acreage from Mitsui Oil Exploration Co Ltd (MOECO).
AWE Updates Al Meashar-2 Drilling Progress
Thursday, December 16, 2010AWE Limited updated the drilling program on the Al Meashar-2 appraisal well in Block 7,Yemen.
Mitsui, Grace Ocean Enter Loan Agreement
Tuesday, September 21, 2010Mitsui entered into agreements with Grace Ocean to provide a financial loan to Grace.
BP: Mitsui Notified Co. It's Withholding Oil-Spill Payment
Tuesday, July 13, 2010Mitsui & Co. has notified BP that it's withholding reimbursement payments for expenses related to the massive oil spill in the GOM.
WestSide to Expand Alliance with Mitsui
Tuesday, June 01, 2010WestSide has agreed to expand its alliance with Mitsui to potentially include the Company's coal seam gas (CSG) interests in ATP 688P in Queensland's northern Bowen Basin.
Mitsui to Acquire Interest in Oman
Wednesday, May 19, 2010Tethys Oil entered into an agreement with Mitsui E&P Middle East, a subsidiary of Mitsui, whereby Mitsui will acquire a 20 percent interest in Blocks 3 and 4 onshore Oman.