Japan’s Minister of Economy, Trade and Industry Hiroshige Seko said Tuesday the country was “carefully analyzing the impact” of the US’ intended sanctions against Iran, to ensure its energy supply, Continue Reading
Crude oil prices are rising. This is a result of coordinated production cuts by major oil-producing nations, such as the Organization of the Petroleum Exporting Countries (see below) and Russia, Continue Reading
Japanese refiner Cosmo Oil may substitute Iranian oil imports with Kuwaiti crude, if the company faces difficulty trading with Tehran following the US decision to re-impose sanctions on the OPEC Continue Reading
As the developed world moves farther and farther away from coal-fired energy, one major economy is breaking the trend. Japan, in a move that few could have foreseen, has opened Continue Reading
A bet by Japanese automakers that Americans still want sedans is turning out to be expensive. April sales in the U.S. from Japan’s big three automakers— Toyota Motor Corp. TM Continue Reading
The decommissioning of the Fukushima nuclear power plant will cost an annual US$2 billion (220 billion yen) until 2021, an unnamed source told the Japan Times. Half of the money Continue Reading
In the increasingly topsy-turvy world of liquefied natural gas (LNG) markets, the world’s largest LNG importer could soon be exporting the super-cooled fuel to the world’s second largest LNG exporter Continue Reading
For the next 40 years, Japanese energy company INPEX said it would play a role in the development of oil reserves off the coast of the United Arab Emirates. INPEX said Continue Reading
Royal Dutch Shell has sold its 20-percent stake in Iraq’s West Qurna-1 oil field to Japan’s Itochu Corporation, and Iraq has approved the transaction, a senior Iraqi oil official told Continue Reading
A consortium of Japanese energy companies said Tuesday they agreed to invest in a long-term agreement involving floating production options for offshore Brazil. Japanese energy company Marubeni said it teamed Continue Reading
