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
24 October 2024
Producers in the region see significant gains to be made by boosting output using the infrastructure already in place
23 October 2024
Markets have seen no material disruption from the war so far, but as the fighting goes on it is a matter of when, not if
23 October 2024
Majors in the region are pushing boundaries and could see significant upside, but longer-term risks remain
22 October 2024
Angola is unlikely to meet the official timeline for an IPO of state-owned oil giant Sonangol in 2026