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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)

Idemitsu Kosan Co Ltd, Showa Shell Sekiyu Kk - Announce Approvals By Competition Authorities For Business Integration
Wednesday, 12 Dec 2018 

Showa Shell Sekiyu KK <5002.T>::IDEMITSU KOSAN CO LTD, SHOWA SHELL SEKIYU KK - ANNOUNCE APPROVALS BY COMPETITION AUTHORITIES FOR BUSINESS INTEGRATION.  Full Article

Idemitsu Kosan completes share repurchase
Monday, 12 Nov 2018 

Nov 12(Reuters) - Idemitsu Kosan Co Ltd <5019.T>:Says it completes repurchase of 10.4 million shares of its common stock.Shares repurchased at the price of 55 billion yen in total, during period from July 17 to Nov. 9.  Full Article

MISC Says Co's JV With Petrovietnam Technical Services Awarded Contract By Idemitsu Kosan
Monday, 29 Oct 2018 

Oct 29 (Reuters) - Idemitsu Kosan Co Ltd <5019.T>::CO VIA JV WITH PETROVIETNAM TECHNICAL SERVICES CORP AWARDED TIME CHARTER CONTRACT BY IDEMITSU KOSAN FOR FLOATING STORAGE AND OFFLOADING VESSEL.FLOATING STORAGE & OFFLOADING VESSEL WILL BE LEASED BY IDEMITSU KOSAN FOR PERIOD OF 7 YEARS WITH AN ESTIMATED CONTRACT VALUE OF US$176 MILLION.  Full Article

Lundin Petroleum says Alta well results were better than expected
Tuesday, 25 Sep 2018 

Sept 25 (Reuters) - Lundin Petroleum AB ::SUCCESSFUL APPRAISAL WELL AND EXTENDED PRODUCTION TEST ON ALTA.ALTA RESULTS WERE BETTER THAN EXPECTED, DEMONSTRATING EXCELLENT RESERVOIR PRODUCTIVITY WITH CONTRIBUTION FROM ALL RESERVOIR INTERVALS AND CONNECTIVITY TO A LARGE VOLUME.PRIOR TO EXTENDED PRODUCTION TEST COMBINED GROSS RESOURCE RANGE FOR ALTA AND GOHTA DISCOVERIES WAS ESTIMATED AT BETWEEN 115 AND 390 MILLION BARRELS OF OIL EQUIVALENT.THESE POSITIVE RESULTS ARE EXPECTED TO INCREASE ALTA RESOURCE ESTIMATE AND REDUCE UNCERTAINTY RANGE.RESOURCE RANGE FOR ALTA AND GOHTA DISCOVERIES WILL BE UPDATED IN EARLY 2019 WITH COMPANY'S YEAR-END 2018 RESERVES PROCESS.STUDIES FOR COMMERCIALISING ALTA WILL NOW BE PROGRESSED TO DETERMINE ADDITIONAL APPRAISAL DRILLING REQUIREMENTS AND OPTIMAL DEVELOPMENT CONCEPT.CURRENT DEVELOPMENT CONCEPT FOR ALTA IS A SUBSEA FIELD DEVELOPMENT CONNECTED TO A STANDALONE FLOATING PRODUCTION AND STORAGE VESSEL.ADJACENT GOHTA DISCOVERY LOCATED IN PL492 IS CONSIDERED A POSSIBLE JOINT DEVELOPMENT OPPORTUNITY TOGETHER WITH LARGER ALTA DISCOVERY.LUNDIN NORWAY IS OPERATOR OF PL609 WITH A 40 PERCENT WORKING INTEREST. PARTNERS ARE DEA NORGE AND IDEMITSU PETROLEUM NORGE WITH 30 PERCENT WORKING INTEREST EACH.LEIV EIRIKSSON RIG WILL NEXT PROCEED TO DRILL EXPLORATION WELL 6307/1-1S ON SILFARI PROSPECT IN PL830 LOCATED IN FROAN BASIN AREA OF NORWEGIAN SEA.  Full Article

Idemitsu Shares extend gains to 9 pct after Co, Showa Shell agree to merge
Tuesday, 10 Jul 2018 

July 10 (Reuters) - Idemitsu Kosan Co Ltd <5019.T>::IDEMITSU SHARES EXTEND GAINS TO 9 PERCENT AFTER CO, SHOWA SHELL AGREE TO MERGE.  Full Article

Idemitsu Kosan to buy back up to 12 mln shares for up to 55 bln yen
Tuesday, 10 Jul 2018 

July 10 (Reuters) - Idemitsu Kosan Co Ltd <5019.T>:Says it plans to buy back up to 12 million shares (representing 5.8 percent of outstanding) of its common stock for up to 55 billion yen.Says repurchase period from July 17 to Dec. 28.  Full Article

Equinor to drill more Fram wells for NOK 1.9 bln
Friday, 25 May 2018 

May 25 (Reuters) - Equinor ASA ::EQUINOR AND ITS PARTNERS MAKE INVESTMENTS IN FRAM FIELD THAT WILL ALMOST DOUBLE REMAINING RESERVES.HAVE DECIDED TO DRILL THREE NEW WELLS ON FIELD FOR NOK 1.9 BILLION ($234.39 MILLION).THREE WELLS WILL GIVE 70 MILLION NEW BARRELS OF OIL AND GAS, THANKS TO HIGHER GAS PROCESSING CAPACITY ON TROLL C.START-UP OF NEW GAS MODULE IS EXPECTED IN AUTUMN OF 2019.NEW GAS MODULE WILL ENABLE ACCELERATED RECOVERY OF RESOURCES IN FRAM AREA, WHICH HAS PREVIOUSLY BEEN LIMITED BY TROLL C GAS PROCESSING CAPACITY.BOOSTING PRODUCTION, THREE NEW WELLS WILL REPRESENT NET EARNINGS THAT AT CURRENT PRICES WILL CREATE VALUE OF A TOTAL OF NOK 18 BILLION.SCHEDULED TO START AT TURN OF YEAR 2018/2019, DRILLING OF THREE WELLS WILL TAKE AROUND ONE YEAR.  Full Article

Idemitsu Kosan to set up organic EL materials unit
Thursday, 12 Apr 2018 

April 12(Reuters) - Idemitsu Kosan Co Ltd <5019.T>:Says it will set up a wholly owned unit, which will be mainly engaged in organic EL materials related business, in Q1 2018, in Sichuan, China .Says the unit will be capitalized at 80 million yuan (about 1.3 billion yen ).  Full Article

Statoil's Snorre field extension cost slightly exceeds NOK 19 bln
Thursday, 21 Dec 2017 

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 

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

Japanese stocks end 3-day losing run; trade woes cap gains

TOKYO, Dec 7 Japan's Nikkei share average snapped a three-day losing streak to close higher on Friday, after Wall Street shares clawed back some of their sharp losses.