• 20 mins London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 1 hour Rosneft Signs $400M Deal With Kurdistan
  • 4 hours Kinder Morgan Warns About Trans Mountain Delays
  • 10 hours India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 15 hours Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 19 hours Russia, Saudis Team Up To Boost Fracking Tech
  • 1 day Conflicting News Spurs Doubt On Aramco IPO
  • 1 day Exxon Starts Production At New Refinery In Texas
  • 1 day Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 2 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 2 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 2 days China To Take 5% Of Rosneft’s Output In New Deal
  • 2 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 2 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 2 days VW Fails To Secure Critical Commodity For EVs
  • 2 days Enbridge Pipeline Expansion Finally Approved
  • 2 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 2 days OPEC Oil Deal Compliance Falls To 86%
  • 3 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 3 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 3 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 3 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 3 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 3 days Aramco Says No Plans To Shelve IPO
  • 6 days Trump Passes Iran Nuclear Deal Back to Congress
  • 6 days Texas Shutters More Coal-Fired Plants
  • 6 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 6 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
  • 6 days Chevron Quits Australian Deepwater Oil Exploration
  • 6 days Europe Braces For End Of Iran Nuclear Deal
  • 7 days Renewable Energy Startup Powering Native American Protest Camp
  • 7 days Husky Energy Set To Restart Pipeline
  • 7 days Russia, Morocco Sign String Of Energy And Military Deals
  • 7 days Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs
  • 7 days China Set To Continue Crude Oil Buying Spree, IEA Says
  • 7 days India Needs Help To Boost Oil Production
  • 7 days Shell Buys One Of Europe’s Largest EV Charging Networks
  • 7 days Oil Throwback: BP Is Bringing Back The Amoco Brand
  • 7 days Libyan Oil Output Covers 25% Of 2017 Budget Needs
  • 7 days District Judge Rules Dakota Access Can Continue Operating
Alt Text

The Natural Gas Market Is Set To Boom

With the new lower-for-longer oil…

Alt Text

The U.S. LNG Boom Could Be About To Stall

United States LNG has seen…

This Unique Strategy Just Paid Record Returns For One Nation

This Unique Strategy Just Paid Record Returns For One Nation

I've been discussing in Prime Meridians how natural resources investment is changing. With one of the biggest emerging trends being sovereign investment in mining and energy.

And new data this week showed why this critical shift is going to continue.

The numbers came from Japan--a nation that was one of the earliest to pursue strategic overseas investment in natural resource projects. A program that is now bearing fruit in a major way.

As reported by Platts, Japan's Ministry of Economy, Trade and Industry released new data Monday showing that the country's overseas oil and gas projects are producing at record levels. Amounting to 1.322 million barrels per day of oil equivalent for the fiscal year ended March 31. Related: Some Small But Welcome Relief For WTI

That's a 2.2 percent improvement from the 1.293 million boe/d that Japanese-owned projects pumped in fiscal 2013-14. Lifted by rising production from equity-owned fields such as Gharraf, Iraq and liquefied natural gas (LNG) projects in Papua New Guinea.

That jump means Japan is now able to meet more of its import demand using oil and gas that it owns. For the fiscal year, equity-owned fields supplied 24.7 percent of the country's total petroleum needs--up from a 23.3 percent share in the previous year. Related: A Winter Of Discontent For Russia

In fact, that's the highest share of supply from equity projects that Japan has ever achieved, since the government started tracking such data in 1973-74.

All of which suggests that Japan's strategy of investing in overseas energy projects is working as planned. Helping the nation secure supply, and insulate it from market shocks. Related: Why Today’s Oil Bust Is Not Like The 1980s

The government is projecting that equity production will meet an even larger share of domestic demand next year. And overseas petroleum interests could provide up to 40 percent of national supply by 2030.

You can bet that resource-hungry nations like China, South Korea and India are watching this direct investment strategy pay dividends. Which should only make them more aggressive in pursuing projects, as they seek to keep pace.

Here's to getting your share,

Dave Forest

More Top Reads From Oilprice.com:




Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News