Japan News

Japan Tops Up LNG Reserves as Possible Russian Gas Cutoff Looms

Apr 12, 2022

Japan's government has asked power companies to top up their liquefied natural gas (LNG) reserves and share energy resources, a person familiar with the contingency plan said, as civilian deaths in Ukraine push Tokyo to halt Russian fuel imports…

BP, Marubeni in Japanese Offshore Wind Partnership

Mar 23, 2022

BP, the British oil major with growing renewables ambitions, has partnered up with Marubeni, the major Japanese integrated trading and investment conglomerate, to explore 'a selected offshore wind development opportunity in Japan.'The companies…

Japan to Speed Up Offshore Wind Efforts in Wake of Ukraine Crisis

Mar 18, 2022

Japan will accelerate its efforts to develop offshore wind power projects, its industry minister said on Friday.Officials in the resource-poor Japan are concerned Russia's invasion of Ukraine and the ensuing surge in oil prices could hit economic growth…

Aker Offshore Wind and Mainstream Buy Into 800MW Floating Wind Project in Japan

Mar 14, 2022

Aker Offshore Wind and Mainstream Renewable Power have closed the transaction which will see them take an initial 50 percent ownership stake in Progression Energy's 800 MW floating offshore wind project in Japan.The news comes after the two…

Sakhalin Projects to Effectively 'freeze', Japan Holding Off Decision - Minister

Mar 08, 2022

Japanese industry minister Koichi Hagiuda said on Tuesday that the Sakhalin energy projects 'will effectively freeze' given the exit of Western stakeholders and that Japan would therefore wait to see how the situation plays out to make any decision…

Mitsubishi Confident Japan Offshore Wind Will be Profitable

Mar 17, 2022

Japan's Mitsubishi Corp is confident that the three offshore wind farms it won last year in auctions will be profitable despite the low feed-in tariff prices it bid, the head of its energy solutions unit said on Thursday.The Japanese government on Dec…

Japan to Release 7.5 mln bbls of Oil Reserves. Investigates Exxon's Sakhalin-1 Exit

Mar 04, 2022

Japan will release 7.5 million barrels of oil from private reserves as a part of an International Energy Agency (IEA)-led coordinated release, industry minister Koichi Hagiuda said on Friday.The volume makes up 12.5% of a planned coordinated…

Kajima, Van Oord Picked as Balance of Plant Contractors for Three Japanese Offshore Wind Farms

Feb 28, 2022

Japanese construction firm Kajima Corporation and Dutch offshore installation contractor Van Oord have been selected as the preferred Balance of Plant contractors for three offshore wind projects in Japan. In December 2021 the Government of Japan selected three consortiums…

INPEX Books HAKURYU-5 Semi-submersible Drilling Rig for Japan Offshore Drilling Project

Jan 24, 2022

Japanese oil and gas company INPEX has hired the HAKURYU-5 semi-submersible drilling rig for operations in Japan.The Mitsubishi MD 501 propulsion-assisted semi-submersible drilling rig will be deployed offshore San-in, Japan. JDC did not share any details on the agreed day rate…

Inpex to Drill for Gas Offshore Japan

Jan 18, 2022

Japan's biggest oil and gas explorer Inpex Corp will conduct exploratory offshore drilling off western Japan from March to July in the hope of finding natural gas, the company and a ministry of industry official said.The project, off the Yamaguchi and Shimane prefectures…

BW Ideol, Jera, ADEME Pen Investment Deal for Floating Wind Projects

Jan 05, 2022

BW Ideol, a company specializing in floating offshore wind solutions has signed an investment agreement with Japan's JERA, and France's ADEME Investissement to create an investment company for financing the co-development of offshore wind projects…

Shipping Firm MOL Teams Up with Flotation Energy to Build Floating Wind Farms in Japan

Dec 03, 2021

Japanese shipping giant Mitsui O.S.K. Lines (MOL) has partnered up with Scotland-based floating wind specialist Flotation Energy to jointly evaluate offshore wind development opportunities in Japan. The agreement builds on the 2GW portfolio…

Japan Launches Auction for Happo-Noshiro Offshore Wind Farm

Dec 10, 2021

Japan's industry ministry said on Friday it had launched a public auction to select an operator for the 356 megawatt (MW) offshore wind power project in Happo-Noshiro, off Akita prefecture in northern Japan.The Happo-Noshiro area was selected…

Deme Offshore, Penta Ocean Form Offshore Wind Installation JV in Japan

Nov 02, 2021

Belgium-based offshore installation company Deme Offshore has in partnership with Japan's Penta-Ocean Construction formed a new joint venture company specializing in offshore wind installation called Japan Offshore Marine.'Through [Japan Offshore Marine]…

Offshore Wind: Xodus Names Country Manager, Sets Up Shop in Japan

Oct 11, 2021

Xodus, a UK-based energy sector consultancy, has engaged a country manager and opened its first Asian office in Japan, eyeing work in the country's growing offshore wind industry.'Having previously delivered a range of projects in Japan, Xodus…

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