Japex has acquired interests in the Eagle Ford formation in Texas
Japex plans US shale investments
Japanese explorer sees opportunities to expand its footprint
Japanese state-backed oil producer Japex plans to invest around $500mn over 2022-24 to develop shale oil in the southern US. The funds will go towards both the company’s existing asset in Texas “and interests to be acquired later this year”. “Acquisition of new overseas oil and gas interests” is one of Japex’s “key priorities”, the company said in its 2022-30 management plan, published in March. And for those acquisitions, “shale formation development in North America is a priority focus area”, the company now confirms, arguing such acquisitions will be cash-generative “early” and that the company “can leverage our experience and expertise in this area”. The Japanese firm has held a stake in
Also in this section
10 January 2025
New Petroleum Economist OPEC+ oil survey sees group improve compliance to ensure oil market stability going into 2025
10 January 2025
The region accounts for the biggest share in terms of capital investment in the $2t market
10 January 2025
The importance of the oil and gas sector to the UK and the value of its assets mean 2025 could offer new opportunities and a recovery in activity
9 January 2025
The disconnect between export terminals coming online and vessels being available to transport cargoes means shipping rates are not looking so good, at least in the short term
