Japanese Firms in Brazilian FPSO Gig
Japanese companies have decided to proceed with the deepwater floating production, storage, and offloading system (FPSO) charter project for the Petrobras-operated Búzios pre-salt oil field located offshore Brazil.MODEC, Mitsui & Co., Mitsui O.S.K. Lines (MOL), and Marubeni Corporation have agreed that Mitsui, MOL, and Marubeni will invest in a long-term charter…
JERA Joins Taiwan, UK Offshore Wind Projects
Japanese energy group JERA joined in the Formosa 1 offshore wind power project in Taiwan and Gunfleet Sands offshore wind power project in the U.K.JERA has entered into an agreement with Macquarie Capital and Swancor to acquire a combined 32.5% equity interest in the Formosa 1 offshore wind power project, located off the north-western coast of Taiwan. The transaction…
Four Japanese Companies Join Modec in Sepia FPSO Deal
Four Japanese companies will invest in a new company established by compatriot Modec with an aim to provide a floating, production, storage and offloading (FPSO) unit for the Petrobras-operated Sepia field offshore Brazil. "MODEC, Mitsui, Mitsui O.S.K. Lines, Marubeni Corporation and Mitsui Engineering & Shipbuilding Co have agreed to jointly invest in a long-term charter business currently promoted by MODEC…
Marubeni, PTT Plan LNG Bunkering in Thailand
Marubeni Corporation started a joint feasibility study with PTT Public Company Limited, Thailand`s national petroleum and petrochemical company, which aims at implementing LNG refueling to ships in Laem Chabang Port, the largest industrial port in Thailand. The regulation of exhaust gas will be tightened from 2020, and since LNG is an environmentally friendly fuel, ships that use LNG for fuel (LNG fueled ships) are expected to increase.
Saudi Arabia Shortlists Companies for Solar, Wind Projects
Top oil exporter Saudi Arabia has shortlisted companies for its solar and wind power projects, as part of the first round of its renewable energy initiative, the energy ministry said on Monday. France's EDF Energies Nouvelles, Japanese companies Marubeni Corporation and Mitsui & Co. and Saudi Acwa Power are among the firms which have qualified to bid for the 300 megawatt solar PV project in Sakaka…
Will LNG Remain a Key Energy Source?
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.
MOL Invests in Self-Elevating Platform Vessel Operator
Mitsui O.S.K. Lines, Ltd. today announced a plan to acquire a 5% share in Seajacks International Limited (Seajacks) Group, which owns and operates five Self-Elevating Platform vessels(*1), from Marubeni Corporation. This is a new offshore business for MOL, following FPSO(*2), FSRU (*3), shuttle tanker (*4), and subsea support vessel (*5). It is also the first…
MOL, Gas Sayago to Continue Uruguay FSRU Project
Mitsui O.S.K. Lines, Ltd. today announced that the company has reached a basic agreement with Gas Sayago, a joint venture between Uruguay’s state oil company ANCAP and state power company UTE, to continue the floating storage and regasification unit (FSRU) project led by Gas Sayago. The government of Uruguay recently cancelled its contract with GNLS S.A., a 50-50 joint venture between ENGIE of France and Marubeni Corporation…
CWind to Supply Corrosion Protection for Offshore Wind Farm
CWind is to provide a three months corrosion protection campaign to the offshore wind farm Westermost Rough in the North Sea, owned jointly by DONG Energy, The UK Green Investment Bank and Marubeni Corporation. CWind will deliver the campaign as an integrated service package that includes a crew transfer vessel as well as a team of technicians to undertake the full range of required tasks.
MHPS Bags 2 Turbines Orders for Korean Power Plant
Mitsubishi Hitachi Power Systems, Ltd. (MHPS), jointly with Marubeni Corporation, has received an order for two M501J gas turbines and a steam turbine for the new 950 megawatt (MW) class LNG-fired Pyeongtaek Combined Cycle Power Plant to be built by Shin Pyeongtaek Power Co., Ltd., a special purpose company (SPC) established by Korea Western Power Co., Ltd. (KOWEPO), GS Energy Corporation and other companies.
FPSO Charter Bussiness for Offshore Brazil Oil Fields
MODEC, Inc., Mitsui & Co., Ltd. Mitsui O.S.K. Lines, Ltd., and Marubeni Corporation have agreed that Mitsui, MOL and Marubeni will invest in a long-term charter business (“the Project”) currently promoted by MODEC for the purpose of providing a floating production, storage, and offloading system (“the FPSO”) for use in the Tartaruga Verde and Tartaruga Mestiça oil fields off the coast of Brazil.
Four Groups Bid to Build Uganda's First Refinery
Companies from China, Japan, South Korea and Russia have submitted bids to finance, build and operate Uganda's first oil refinery, the energy ministry said on Wednesday. Uganda's oil reserves were found in 2006 and the country has estimated them at 3.5 billion barrels. But development has been delayed partly by a debate between the government and oil companies…
Foster Wheeler's Terrace Wall Steam Reformer Heater For Kazakhstan
Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Marubeni Corporation for the engineering and material supply of a new Terrace Wall steam reformer heater, including an air preheating system, for the KazMunayGaz oil refinery located at Atyrau, Republic of Kazakhstan.