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Idemitsu Kosan Co Ltd (5019.T)

5019.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Statoil's Snorre field extension cost slightly exceeds NOK 19 bln
Thursday, 21 Dec 2017 01:25am EST 

Dec 21 (Reuters) - Statoil Asa ::STATOIL: INVESTING IN 25 MORE YEARS ON THE SNORRE FIELD - INVESTING IN 25 MORE YEARS ON THE SNORRE FIELD - STATOIL.COM.‍INVESTMENT WILL INCREASE RECOVERY FROM SNORRE FIELD BY CLOSE TO 200 MILLION BARRELS​.‍CONTRACTS WORTH UP TO NOK 9 BILLION WILL BE AWARDED​.‍INVESTMENT COSTS SLIGHTLY EXCEED NOK 19 BILLION​.‍PDO INVOLVES A COMPREHENSIVE SUBSEA DEVELOPMENT, UPGRADING OF SNORRE A INSTALLATION, INCREASED GAS INJECTION AND GAS IMPORT FOR INJECTION​.‍ALSO SIGNING CONTRACTS FOR SUBSEA PRODUCTION SYSTEM WITH TECHNIPFMC, FABRICATION AND INSTALLATION OF PIPELINE BUNDLE SYSTEM WITH SUBSEA 7, MODIFICATION WORK ON SNORRE A WITH AIBEL AND A RIG WITH TRANSOCEAN​.‍ALL CONTRACTS ARE SUBJECT TO FINAL APPROVAL OF PDO BY NORWEGIAN AUTHORITIES​.  Full Article

Idemitsu Kosan & Showa Shell Sekiyu Entity To Be Launched Next Spring - Nikkei
Tuesday, 19 Dec 2017 06:24pm EST 

Dec 20 (Reuters) - NIKKEI::IDEMITSU KOSAN & SHOWA SHELL SEKIYU ENTITY TO BE LAUNCHED NEXT SPRING WITH 300 PERSONNEL FROM BOTH SIDES - NIKKEI .IDEMITSU KOSAN & SHOWA SHELL SEKIYU ARE FORMING A NEW ORGANIZATION NEXT SPRING TO MANAGE THEIR KEY OPERATIONS UNDER ONE ROOF - NIKKEI.LAUNCH OF NEW ENTITY BY IDEMITSU KOSAN & SHOWA SHELL SEKIYU WILL HELP SLASH COSTS BY AT LEAST 30 BILLION YEN ($265 MILLION) OVER 3 YEARS - NIKKEI.  Full Article

Idemitsu Kosan to issue unsecured corporate bonds worth 10 bln yen
Wednesday, 29 Nov 2017 01:18am EST 

Nov 29(Reuters) - Idemitsu Kosan Co Ltd <5019.T>:Says it will issue fifth series unsecured corporate bonds worth 10 billion yen, with subscription date on Nov. 29 and payment date on Dec. 5.The bonds are each with face value of 100 million yen, issue price at 100 yen per face value of 100 yen, maturity date Dec. 5, 2022 and coupon rate 0.200 percent per annum.SMBC Nikko Securities Inc., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., Daiwa Securities Co. Ltd. and Mizuho Securities Co., Ltd. will serve as underwriters.  Full Article

Norway's Fram field partners approve 1 bln crown project
Monday, 6 Nov 2017 06:01am EST 

Nov 6 (Reuters) - Statoil ASA :Partners in Fram licence have decided to invest in a new project to increase production from Fram field​.Fram licence partners are investing NOK one billion in a new gas module on Troll C platform.The module will help to increase oil production and gas exports from Fram field and provide conditions for further development in area.The module will also help to improve the profitability of the Troll C installation by increasing and accelerating production by means of the enhanced gas capacity.On behalf of partnership Statoil has awarded EPCI contract for Troll C gas module to Aibel​ .The contract has an estimated value of NOK 600 million.The project aims at start-up at the end of 2019.Partners in the Fram licence are Statoil (45 pct), ExxonMobil (25 pct), ENGIE (15 pct) and Idemitsu (15 pct). .  Full Article

Idemitsu Kosan to transfer petroleum exploration business in UK North Sea to Rockrose Energy PLC
Wednesday, 18 Oct 2017 02:17am EDT 

Oct 18(Reuters) - Idemitsu Kosan Co Ltd <5019.T>:Says it plans to transfer petroleum exploration business in the UK North Sea to United Kingdom-based company Rockrose Energy PLC, through transferring 100 percent stake in unit Idemitsu Petroleum UK Ltd. to Rockrose Energy PLC.Transfer date undetermined .  Full Article

Idemitsu Kosan says technical cooperation with TORAY INDUSTRIES
Tuesday, 26 Sep 2017 02:36am EDT 

Sept 26(Reuters) - Idemitsu Kosan Co Ltd <5019.T>:Says it reached an agreement with TORAY INDUSTRIES Inc <<<3402.T>>>, regarding organic EL materials business related technical cooperation .  Full Article

Statoil and partners have started production on Byrding field as planned
Friday, 28 Jul 2017 02:56am EDT 

July 28 (Reuters) - Statoil Asa ::Statoil and its partners have started production on Byrding Field as planned.Recoverable volumes in Byrding are estimated at a good 11 million barrels of oil equivalent.Byrding is an oil and gas field north of the Troll field in the North Sea.Licensees in Byrding are Statoil Petroleum AS (70 pct, operator), Engie E&P Norge AS (15 pct) and Idemitsu Petroleum Norge AS (15 pct)..  Full Article

Idemitsu Kosan announces decision by Tokyo High Court
Wednesday, 19 Jul 2017 05:05am EDT 

July 19(Reuters) - Idemitsu Kosan Co Ltd <5019.T>:Says Tokyo High Court rejected the immediate appeal, which was filed by shareholders of the company on July 18.  Full Article

Idemitsu Kosan says founding family files immediate appeal against Tokyo court rejection
Tuesday, 18 Jul 2017 01:48am EDT 

July 18 (Reuters) - Idemitsu Kosan Co Ltd <5019.T>:* Says founding family filed an immediate appeal against Tokyo court rejection on July 18.  Full Article

Idemitsu to proceed with new share issue as scheduled
Monday, 17 Jul 2017 11:18pm EDT 

July 18 (Reuters) - Idemitsu Kosan Co Ltd <5019.T>: :Idemitsu Kosan confirms Tokyo court rejection of founding family's petition for injunction against new share issue .Idemitsu says to proceed with new share issue as scheduled .  Full Article

Japan's Showa Shell sees Q1 crude refining down 5 pct y/y

TOKYO, Jan 9 Japan's Showa Shell Sekiyu KK said late last week that its group refineries would refine 5 percent less crude for the local market in January-March than the same time a year ago, in line with the outlook for domestic demand.