Orsted Hopes COVID-19 Will Not Slow Japan's Offshore Wind Projects
Orsted, the world's largest offshore wind farm developer, is concerned the coronavirus may delay auctions for offshore projects as it prepares to enter the market, the head of its Asia-Pacific unit said. "The pandemic will not influence investment decisions and general confidence in offshore wind…
Two Tankers Attacked in Gulf of Oman
Two oil tankers were attacked in the Gulf of Oman on Thursday, leaving one ablaze and both adrift, shipping firms said, driving oil prices as much as 4% higher over worries about Middle East supplies.The Front Altair, carrying petrochemical feedstock, was on fire in waters between…
Water at Fukushima Site is Still Radioactive
The owner of the Fukushima nuclear plant, destroyed by an earthquake and tsunami more than seven years ago, said water treated at the site still contains radioactive materials that for years it has insisted had been removed.The admission by Tokyo Electric Power (Tepco) could ruin its chances of releasing the water into the ocean…
Commodities Ride Rollercoaster on $100 Oil Talk
Oil highest in over 3 yrs on report Saudis want higher prices; nickel sees biggest jump in 6-1/2 years on sanctions worries. Talk that Saudi Arabia has its sights on $80-$100 a barrel oil again and of more U.S. sanctions on Russia ignited a rally in commodities and resource stocks on Thursday…
Norway races Australia for Japan's Hydrogen Business
Norway may provide cleanly produced hydrogen to Japan; but Australia hopes to export the fuel extracted from brown coal. Norway and Australia are racing each other to show they can supply Japan with hydrogen, hoping to fulfil its ambition to become the first nation significantly fuelled by the super-clean energy source.
Saudis to Consider Tokyo Listing of Aramco
Japanese Prime Minister Shinzo Abe has asked Saudi Arabia's King Salman to support the listing of Saudi state oil giant Aramco shares on the Tokyo Stock Exchange, a Japanese senior government official said on Monday. King Salman said that the kingdom would look into the request because he wants Japanese investors to buy Aramco shares…
NOVATEK Signs MOU with Mitsui
Taking the opportunity of the meeting between the President of Russian Federation Vladimir Putin and the Prime Minister of Japan Shinzo Abe, PAO NOVATEK (“NOVATEK”) signed a Memorandum of Understanding (MOU) with Mitsui. According to the MOU, the parties intend to pursue strategic cooperation in the upstream and liquefaction sectors in Russia…
Japan to Supply India with Nuclear Power Equipment, Technology
Japan and India signed a civilian nuclear accord on Friday, opening the door for Tokyo to supply New Delhi with fuel, equipment and technology for nuclear power production, as India looks to atomic energy to sustain its rapid economic growth. It was the first time Japan, the only country to have suffered a nuclear attack…
Saudi Aramco, Japan to expand Okinawa Crude Storage Deal
Storage capacity to be expanded by about 2 million barrels. Saudi Aramco and the Japanese government are set to agree on a roughly 2 million barrel expansion of crude storage capacity in Okinawa, used by the state-run firm to store oil, Saudi Aramco CEO Amin Nasser said on Thursday.
Magnitude 6 Quake Hits South Japan, Nuclear Power Plants Safe
An earthquake of magnitude 6 hit southern Japan on Thursday, bringing down some buildings, a government spokesman said, but there were no immediate reports of injuries and the nuclear regulator reported no problems at power plants. The quake struck 11 km (7 miles) east of the city of Kumamoto, the U.S. Geological Survey reported.
G7 Foreign Ministers discuss Nuclear, Maritime Issues
In a city obliterated by a U.S. atom bomb more than 70 years ago, Japan kicked off a gathering of foreign ministers from the Group of Seven (G7) advanced economies with a call to end nuclear weapons. Japanese Foreign Minister Fumio Kishida, who presides over the two-day annual meeting this year…
Uncertainty in Asia Echoes Around The World - BIMCO
2016 continues where 2015 ended, with all eyes on China. This is mainly because of uncertainty surrounding the development of the world’s second-largest economy. When the first day of the Shanghai Stock Exchange of 2016 closed prematurely, the trading results echoed around the world. It warned us that we are in for a rough ride in 2016.
Japan, Turkmenistan Sign Chemical, Energy Deals
Japan and Turkmenistan on Friday signed deals worth over $18 billion on a package of projects in the energy-rich central Asian nation, which has become an important supplier of natural gas to China. Turkmenistan, a reclusive nation of 5.5 million, holds the world's fourth-largest reserves of natural gas.
France Asks for Japan's Participation in Nuclear Sector Reshuffle
French Prime Minister Manuel Valls said on Monday he proposed to his Japanese counterpart Shinzo Abe that the Japanese nuclear industry participate in the reorganisation of the French nuclear sector. Japan's Mitsubishi Heavy Industries Ltd said in September it was in talks with French…
Japan Cut Oil Consumption as Reactor Restarts
Japan's Kyushu Electric Power is shutting down as many as five oil-fired generation units and cutting power purchases from other utilities as it ramps up its Sendai nuclear reactor, in another blow for an oversupplied crude market. Kyushu Electric began the restart of the Sendai No. 1 unit on Aug.
Japan Demands Chinese Halt to South China Sea Energy Play
Japan called on China on Tuesday to halt construction of oil-and-gas exploration platforms in the East China Sea close to waters claimed by both nations, concerned that Chinese drills could tap reservoirs that extend into Japanese territory. Japan's Defense Ministry added the demand…
Protesting Japanese Arrested for landing drone on PM's office
A Japanese man has been arrested for landing a drone on the prime minister's office with a minuscule amount of radiation in an apparent protest against the use of nuclear power, four years after the Fukushima disaster. Unemployed Yasuo Yamamoto, 40, who lives in Fukui Prefecture in western Japan…
Japan Court to Decide on Nuclear Plant, Crucial to Atomic Future
A Japanese court will rule later on Tuesday on an injunction request against reactors owned by Kansai Electric Power, in a case that could derail Japan's slow return to nuclear power after the 2011 Fukushima disaster. The ruling will have ramifications for attempts by Prime Minister Shinzo Abe…
Japan wants 20% Nuclear Power in Energy Mix
Japan's ruling party wants a revived nuclear power sector to eventually make up a fifth of electricity generation, local media said, a controversial move for a public opposed to nuclear power in the wake of the Fukushima disaster. A panel of Prime Minister Shinzo Abe's Liberal Democratic…
Japan: Oil Price Dip Benefits Economy
Japanese Prime Minister Shinzo Abe said on Tuesday that falling oil prices are positive for the country's economy as they boost corporate revenues and households' disposable income. "The Bank of Japan is implementing bold monetary easing to achieve its 2 percent inflation target.
