Mitsui E News

 

Akastor, Mitsui form 50/50 JV

Sep 20, 2016

Norwegian oil service firm Akastor has agreed to form a joint venture with Mitsui and its subsidiary AKOFS Offshore. The joint venture has already agreed to acquire the Skandi Santos hull from DOF Subsea Rederi and the Skandi Santos topside from AKOFS…

Woodside sanctions $1.9bn Greater Enfield project

Jun 27, 2016

The US$1.9 billion Greater Enfield project offshore Australia has been given the green light by operator Woodside Energy and its partner, Mitsui E&P Australia. First oil is scheduled for mid-2019, via a 31km subsea tie-back to the existing Ngujima-Yin floating production…

Santos completes Kipper sale

Mar 03, 2016

Australia's Santos has completed a deal to sell its 35% non-operated interest in the Kipper gas and condensate field, in the Gippsland Basin, offshore southern Australia, to Mitsui for AU$520 million. The Kipper field, operated by ExxonMobil…

Parker Bestobell Marine supplies FSRU valves

Feb 10, 2016

Parker Bestobell Marine has completed a contract to supply cryogenic globe and check valves made in Sheffield, for Hoegh LNG’s series of five floating storage regasification units (FSRUs) that are being built at Hyundai shipyard (HHI) in South Korea…

Statoil picks three for Johan Sverdrup pipelines

Dec 09, 2015

Statoil has, on behalf of the Johan Sverdrup partners, awarded contracts for the linepipe, coating and pipe installation of the Johan Sverdrup export pipelines. The total contract value is estimated at slightly less than US$288 million (NOK 2…

Mitsui acquires Kipper stake

Nov 09, 2015

Mitsui has reached an agreement with Santos concerning the acquisition of Santos' 35% working interest in the Kipper gas and condensate field offshore Southern Australia. The sales and purchase agreement was signed on 6 November 2015 between…

ClassNK starts CBM system verification testing

Oct 08, 2015

Classification society ClassNK has commenced verification tests of its condition-based monitoring (CBM) system ClassNK CMAXS e-GICSX for Mitsui’s MAN B&W engines. The system is being jointly developed by ClassNK, Mitsui Engineering & Shipbuilding Co…

Mitsui eyes Mexico

Jul 08, 2014

Japan's Mitsui Corp. Ltd. is looking toward increasing its investments in Mexico, after the Mexican Congress voted in December to open the oil and gas industry to foreign companies. The Wall St. Journal reported last month that Yasuhiro Uchida…

OVL, OIL gain stake off Mozambique

Jan 08, 2014

ONGC Videsh Ltd (OVL) and Oil India Ltd (OIL) have completed the acquisition of 10% PI in the Rovuma Area 1 offshore block in Mozambique by acquiring 100% shares of Videocon Mozambique Rovuma 1 Ltd, the company holding the 10% PI in the Area 1 from Videocon Mauritius Energy Ltd…

MODEC gets backing for Carioca

Dec 18, 2013

Mitsui & Co., Ltd., Mitsui O.S.K. Lines, Ltd., and Marubeni Corporation have agreed to back a long-term charter company set up to provide a the floating production, storage, and offloading (FPSO) system for use in the Carioca area pre-salt oil field…

Mitsui divests from Tui, partners increase shares

Oct 03, 2013

Following Mitsui’s decision to divest its 35% share of the project, AWE Limited, New Zealand Oil & Gas, and Pan Pacific Petroleum, via their subsidiaries, will increase their respective interests in the Tui area oil project for $US14.9 million…

Sakhalin II exports LNG

Jun 15, 2013

Sakhalin-II is an intergrated, export-oriented oil and gas development, and Russia’s first offshore gas project. It handles production from Piltun-Astokhskoye oil field and the Lunskoye natural gas field in the Okhotsk Sea, and is managed and operated by Sakhalin Energy Investment Co…

New Zealand block winners

Jan 10, 2013

Anadarko was a winner in New Zealand’s offshore block offerings in 2012. Anadarko walked away with two permits in the Pegasus Basin south of Wellington. Shell and partners OMV and Mitsui came away with one block in the Great South Basin off Dunedin.

US on crest of a wave

Jan 04, 2013

Ocean Power Technologies has received US government approval for a planned 1.5MW wave power station off the coast of Oregon. The licence is the first to be issued by the US Federal Energy Regulatory Commission for wave power. OPT's plan calls for ten of its PowerBuoy units to be installed 2…

NZ awards exploration blocks

Dec 11, 2012

Offshore leasing blocksAnadarko, TAG Oil secure multiple NZ leases New Zealand's government has awarded 10 exploration permits during its 2012 block offering, the country's petroleum and minerals agency announced on 11 December 2012.The ministry said that the block offering…

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