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    New partnership aims to reduce the risks posed by dry bulk cargoes

    St. Lawrence Seaway resumes traffic as grounded vessel is refloated

    War risks insurance to be offered for vessels in the Black Sea

    War risks insurance to be offered for vessels in the Black Sea

    canada shipwreck

    Ghana imposes strict PSC and fines over MARPOL violations

    American club

    RMI: Failed bursting discs in carbon dioxide fire-extinguishing systems

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    thinking out of the box

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    Practicing gratitude can change your life

    Practicing gratitude can change your life

    Always do what your gut tells you: Keep it healthy

    Always do what your gut tells you: Keep it healthy

    Book Review: A role model for ship managers

    Book Review: How we perceive and deal with luck in life and business

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    aidaprima biofuel

    Russia removes ban on high-sulfer and bunker fuel exports

    QatarEnergy, HHI to construct 17 ultra-modern LNG carriers

    QatarEnergy, HHI to construct 17 ultra-modern LNG carriers

    ABS and Asiatic Lloyd Maritime LLP to explore methanol fuel system conversion

    ABS and Asiatic Lloyd Maritime LLP to explore methanol fuel system conversion

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    Two Swedish companies collaborate on hydrogen fuel use

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    Jotun Hellas pioneers vessel maintenance and safety with novel Aerial Drone Inspection Service

    IUMI explores the implications of digitalization on marine insurance

    IUMI explores the implications of digitalization on marine insurance

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    UK-Singapore consortium achieves world’s first fully-digitalised shipment

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    UNCTAD: Review of Maritime Transport 2023

    UNCTAD: Review of Maritime Transport 2023

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    Port of Rotterdam and Yokogawa study ways to increase energy efficiency

    Irish forces found huge quantity of drugs on board ship

    Irish forces found huge quantity of drugs on board ship

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    Gard Club: Industry needs to mature and learn from incidents and human errors

    Gard Club: Industry needs to mature and learn from incidents and human errors

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    Tokyo MOU: Fire Safety is one of the most frequently detainable deficiencies

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    Seafarer Stories: Capt. Cristian Bacanu, Master

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SAFETY4SEA

JX Nippon acquires all Japan Drilling Co. Ltd shares

by The Editorial Team
March 17, 2023
in Offshore
Diamond Offshore Drilling

Above image is used for illustration purposes only / Credit: Shutterstock

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JX Nippon Oil & Gas Exploration Corporation (JX) announced in mid-March that it had reached an agreement with funds affiliated with Aspirant Group Inc. to acquire all of Japan Drilling Co. Ltd. (JDC)’s issued shares.

The company is moving forward with the procedures to obtain the necessary regulatory approvals, with the goal of completing the acquisition by the end of April. JDC will become a consolidated subsidiary of JX upon completion of the acquisition, with JX continuing to work to increase the corporate value of JDC and pursue its stable and continuous growth.

JDC is the only one company in Japan engaged in the offshore drilling business.  JX claimed that by joining forces with JDC, which is also a valuable asset to Japan, their competitiveness in the oil and natural gas development business will further strengthen.

The ENEOS Group, which JX is a member of, has set a goal in its 2040 Long-Term Vision that it will contribute to a low-carbon, recycling-oriented society, and has announced that it will work toward achieving carbon neutrality for its own emissions by 2040.

RelatedNews

Russia removes ban on high-sulfer and bunker fuel exports

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JX has accumulated the knowledge and technologies in respect of the Carbon capture and storage (CCS)/Carbon capture, use, and storage (CCUS) through its relevant projects, especially the Petra Nova Project.

Drilling wells to inject and store CO₂ underground is an important technological component of the CCS/CCUS value chain, and JDC’s participation will further reinforce the CCS/CCUS value chain offered by the ENEOS Group and enhance its set-up and capabilities to help Japan achieve its carbon neutrality plan.

Tags: CCSdrillingJapanoffshore industryoil and gas industry
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