Jx Nippon News

Japanese shipping firm Mitsui O.S.K. Lines (MOL) and JX Nippon Oil & Gas Exploration Corporation (JX) have signed a memorandum of understanding (MoU) to develop a carbon capture and storage (CCS) value chain between Japan and Australia, including CO2 marine transport.The MoU focuses on the establishment of a CCS value chain by capturing CO2 emitted from ENEOS refinery and nearby various industries in Japan, transporting it by CO2 carrier to the Port of Bonython in Australia, and…

On August 25, NYK was commissioned by a consortium comprising ENEOS Corporation, Electric Power Development (J-POWER), and JX Nippon Oil & Gas Exploration to conduct a study on the marine transportation of liquefied carbon dioxide (CO2).The study is part of a fiscal 2023 feasibility study on advanced carbon capture and storage (CCS) projects in Japan.NYK will study the economics and feasibility of the technology for transporting by ship CO2 emitted in western Japan from ENEOS…

Future Energy Exports CRC, JX Nippon Oil & Gas Exploration Corporation, Low Emission Technology Australia, Mitsui O.S.K. Lines (MOL), and Osaka Gas have executed a project agreement for the "LP Technology R&D Project" to conduct research and development to demonstrate the technical feasibility and operability of low-pressure and low temperature solutions for the bulk transport of CO2 by ships.The LP Technology R&D Project will involve studying behaviour and boil off characteristics of liquid CO2 under dynamic operating conditions and the impact of non-CO2 components.

BHP has partnered with Pan Pacific Copper (PPC), a member of JX Nippon Mining & Metals group, and Norsepower, provider of auxiliary wind propulsion systems, to reduce greenhouse gas (GHG) emissions from maritime transportation between BHP’s mines in Chile and PPC’s smelters in Japan. The parties are conducting a technical assessment and plan a retrofit installation of wind-assisted propulsion system onboard the M/V Koryu, a combination carrier operated by Nippon Marine – a member of SENKO group (shares held by SENKO 60%, JX Nippon Mining & Metals 40%).

Malaysia’s oilfield services player Sapura Energy said it has has clinched contracts worth a total of MYR 1 billion ($242 million) for several new oil patch deals and one – the company’s first – offshore wind contract.The 10 new contracts are for its engineering and construction and drilling segments across Malaysia, Thailand, Taiwan and Australia, said a press release from the company.In addition, the company has been selected for a frame agreement with Petroliam Nasional Bhd (Petronas) for fixed offshore structure works, the company said in a statement today.Regarding the first offshore wind farm contract, the statement said, "Sapura Offshore Sdn Bhd (Sapura Offshore) has been awarded a contract by Yunneng Wind Power Co. Ltd.

Malaysia’s Yinson Energy Sdn Bhd plans to take over the Layang floating production storage and offloading (FPSO) project from TH Heavy Engineering Bhd (THHE)  Edge Markets reported. THEE, which has the Layang FPSO contract with Japan’s JX Nippon. has applied to Kuala Lumpur High Court, Malaysia to allow it novate the contract and deliver the vessel to Yinson. Yinson has confirmed this in the Bursa Malaysia filing on Wednesday, saying it has no objection to the THHE application. The charter contract — which is for EPCIC and leasing of a floating production storage and offloading facility to be deployed at the Layang field in Block SK10, offshore Miri, Sarawak — was initially made between JX Nippon Oil & Gas Exploration (Malaysia) Ltd and THHE.

Japan imported 8.3 million metric tons of LNG in January, an increase of 1.06 million metric tons compared to the previous year. The data, released by the Japanese Ministry of Finance, also reveals that the amount the country pays for LNG imports had increased by 6.7 percent since 2015. Japan is one of the largest LNG importers in the world and it is expected that gas and LNG will continue to remain a key energy source in the future. The nation’s reliance on LNG rose in 2011 following the closure of the country’s nuclear reactors…

Maersk Oil, a unit of Danish conglomerate A.P. Moller-Maersk, has agreed to sell stakes in three North Sea fields to RockRose Energy, the latest new entrant into the ageing basin. RockRose suspended trading on Wednesday before announcing it has agreed non-binding headline terms and a period of exclusivity from Maersk Oil North Sea UK to acquire its non-operated 7.4 percent interest in the Wytch Farm field, a 5.2 percent interest in the Scott fields and a 2.4 percent interest in the Telford field.

Malaysian shipyard TH Heavy Engineering (THHE) has been served with three winding-up petitions over an alleged debt of around $9.52million in total, for the supply of equipment and work done on the Layang floating, production, storage and offloading (FPSO) vessel. THHE said that the first petition was placed by MIB Italiana on Monday for a sum of around $1.3 million for the supply and installment of quick release hook & mooring hawser for the FPSO. The second petition was also placed on Monday by Orwell Offshore for a sum of around $7.6 million in relation to the supply of equipment and machinery for the Layang. However, it had said that it was seeking legal advice on the matters with a view of defeating the petitions…

Malaysia's Petroliam Nasional Bhd (Petronas) and Japanese oil company JX Nippon Oil & Energy (JX NOE) have signed an agreement for the sale and purchase of equity in Petronas LNG 9 Sdn Bhd (PL9SB), say local media. Under the agreement, JX NOE will acquire a 10% stake in PL9SB, a wholly-owned subsidiary of Petronas, owns the ninth LNG liquefaction train within the Petronas LNG Complex in Bintulu, Sarawak, Malaysia. The unit is developing and will run the ninth liquefaction train at the Petronas LNG complex in Bintulu, Sarawak. The train, with a production capacity of 3.6 million tonnes of LNG per year, is expected to begin commercial operations in the first quarter of 2017, the companies said on Friday.

Statoil and Repsol announce transactions in Norway, UK, US and Brazil. These transactions increase the number of Statoil’s operatorships in priority areas, providing greater control of asset development and costs through shared efficiencies. * Statoil farms down to Repsol a 15% interest in the Gudrun field on the Norwegian Continental Shelf. Statoil remains the operator and largest equity holder with a 36% interest. * Pending Repsol partner approval, Statoil will acquire a 31% equity share in the UK licence for Alfa Sentral, a field which spans the UK-Norway maritime border. * Statoil acquires from Repsol a 13% interest in the Eagle Ford joint venture and becomes its sole operator.

Maersk Oil North Sea UK limited has contracted MODEC, Inc. to supply a floating storage and offloading (FSO) vessel for the Culzean development project in the U.K. Central North Sea. The contract awards MODEC responsibility for the engineering, procurement and construction (EPC) of the FSO, while the internal turret mooring system will be designed and supplied by MODEC subsidiary SOFEC, Inc. The FSO will feature receiving capacity of 25,000 barrels of condensate per day, with storage capacity of 350,000 barrels. MODEC president and CEO, Toshiro Miyazaki, noted that the new contract represents a milestone for the company as it marks MODEC's entry into the North Sea oil and gas industry. MODEC said it expects to deliver the complete unit to Maersk Oil UK in the first half of 2018.

Ecopetrol reports it has established an Alliance with Japan’s JX Nippon Oil & Gas Exploration through its affiliate in Brazil, Ecopetrol Óleo e Gás to explore the FZA-M-320 block, located in shallow waters of the Foz Amazonas basin on the equatorial margin of the Brazilian Amazon region. Ecopetrol has held the exclusive rights for this block since May 2013, which was awarded during the 11th Round carried out by the ANP, the National Petroleum Natural Gas and Biofuels Agency in Brazil. The commercial agreement announced today, yet to be approved by the ANP, establishes that JX Nippon will undertake exploration of this block with a 30% share, for both exploration investments and potential resources that may be discovered. Ecopetrol will maintain its 70% share and will continue as Operator.

Mexico's Pemex said on Friday it had agreed to ship six million barrels of its light crude to Japan's largest refinery over the next six months, as the state-run oil company seeks to further develop its ties with Asia. The shipments of Isthmus crude will go via six cargoes between this August and January 2016 to JX Nippon Oil & Energy Corp. Pemex already shipped about 4 million barrels to JX Nippon in the first half of the year. Pemex had been negotiating with buyers in Japan and South Korea earlier this year about the chloride content of its crude, and said it would offer discounts if the level of the chemical that can cause corrosion was higher than usual. The crude will be shipped from Pemex's Salina Cruz terminal on the southern Pacific coast of Mexico.

Statoil (U.K.) Limited has awarded a contract to Sentinel Marine Limited to provide a new multi role Emergency Response & Rescue Vessel (ERRV) to support operations on the Mariner field on the UK Continental Shelf (UKCS). Sentinel Marine is an Aberdeen-based company, owning and operating offshore support vessels in the oil and gas marine industry. The new 65 metre ship, to be named “Mariner Sentinel”, will be custom built for Statoil and provide emergency cover, oil spill response preparedness and tanker assist capabilities for the Mariner field. The ERRV contract with Sentinel Marine has a fixed duration of five years, commencing in July 2016, and also includes five one-year extension options.

Apache Corporation  today announced an oil discovery at the Phoenix South-1 well - the company's first discovery in Australia's offshore Canning Basin. Wireline and formation pressure tools have confirmed at least four discrete oil columns ranging in thickness between 85 and 151 feet (26 to 46 meters) in the Triassic Lower Keraudren formation, within an overall, sand-rich section between 13,648 and 14,763 feet below sea level (4,160 to 4,500 meters). Six light oil samples have been recovered from three intervals to date; permeability measurements from the sampled zones indicate a productive oil reservoir with preliminary estimates that there might be as much as 300 million barrels of oil in place.* Evaluation of the formation penetrated in the Phoenix South-1 is under way…

Statoil (U.K.) Limited has awarded the maintenance and modification services contract for the Mariner field to Aker Solutions UK. The offshore services contract has been awarded to Stork Technical Services Limited, also based in the UK. Aker Solutions will perform the services for the Mariner field under a five-year contract, anticipated to start in August this year. Stork will commence services in January 2015, also under a five-year term. Both contracts include two 2-year extension options. The Mariner platform is currently under construction and production is scheduled to start in 2017. The contracts will support a significant number of the 700 onshore and offshore positions planned for the Mariner field.

Statoil (UK) Limited has awarded Aker Solutions UK with the maintenance and modification services contract for the Mariner field. Likewise, the offshore services contract was awarded to Stork Technical Services Limited (UK). Aker Solutions will perform the services for the Mariner field under a five-year contract, anticipated to start this August. Stork will begin its services in January 2015, also under a five-year term. Both contracts include two two-year extension options. The Mariner platform is currently under construction, with scheduled production to start in 2017.

Exxon Mobil Corporatio says it has shipped the first cargo of liquefied natural gas (LNG) from the $19 billion PNG (Papua New Guinea) LNG project ahead of schedule. PNG LNG, operated by ExxonMobil affiliate ExxonMobil PNG Limited, is expected to produce more than 9 trillion cubic feet of gas over its estimated 30 years of operations. The first cargo is bound for LNG customer Tokyo Electric Power Co. Inc. (TEPCO) in Japan. Production from the first train started in April, 2014, and production from the second train has also started as additional wells came online. Construction of PNG LNG began in 2010, and took more than 190 million work hours to complete. At its peak, the project employed more than 21,000 people.

LNG carrier Spirit of Hela, which is jointly owned by MOL and Itochu Corporation, has left Papua New Guinea carrying the first LNG cargo from the ExxonMobil-led PNG LNG Project, Mitsui O.S.K. Lines, Ltd. announced. The PNG LNG Project is Papua New Guinea’s first ever LNG project, and it will provide long-term supply of gas to customers in Japan and other countries. The vessel loaded LNG at the Project’s Marine Terminal, which is located near Port Moresby, the capital of Papua New Guinea. The first cargo will be delivered to Tokyo Electric Power Company. On May 14, Papua New Guinea’s Prime Minister Peter O’Neill visited the vessel for a tour.

Following the earthquake that struck on Friday 11th March, six Japanese refineries are reportedly closed. The plants in question, detailed in the table belo,have a combined capacity of 1.34m bbl/day, or around 28% of Japan’s total. The immediate effects of the earthquake are likely to cause a drop in oil demand, but it is likely that in the long‐run, oil and product demand could rebound to levels that surpass those seen pre‐quake as the country re‐builds. Furthermor with up to ten nuclear reactors shut down…

Currently, 320 oil/gas floating production units are now in service, on order or available for reuse on another field. FPSOs account for 65% of the existing systems, 76% of systems on order. Production semis, barges, spars and TLPs comprise the balance. Total oil/gas inventory is down two units since last month – two off-field FPSOs have been scrapped. Another 27 floating LNG processing systems are in service or on order. Liquefaction floaters account for 15%, regasification floaters 85%. No liquefaction floaters are yet in service – all four are on order.