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Idemitsu Kosan Co Ltd (5019.T)

5019.T on Tokyo Stock Exchange

4,350JPY
19 Jan 2018
Change (% chg)

¥110 (+2.59%)
Prev Close
¥4,240
Open
¥4,250
Day's High
¥4,350
Day's Low
¥4,250
Volume
762,900
Avg. Vol
1,401,333
52-wk High
¥4,690
52-wk Low
¥2,575

Latest Key Developments (Source: Significant Developments)

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
Wednesday, 20 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

Idemitsu Kosan to issue unsecured corporate bonds worth 10 bln yen
Wednesday, 29 Nov 2017 

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 

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 

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 may partner with BOE Technology to produce OLED display panels - Nikkei
Thursday, 25 May 2017 

May 25 (Reuters) - Nikkei::Idemitsu Kosan considering partnership with BOE Technology group to produce OLED display panels - Nikkei.  Full Article

Idemitsu, Showa Shell news conference at 0810 GMT-Jiji
Thursday, 13 Oct 2016 

: Idemitsu Kosan <5019.T>, Showa Shell <5002.T> to hold news conference at 0810 GMT - Jiji Further coverage: Japan's Idemitsu to delay planned purchase of Showa Shell - sources [nL4N1CJ1SJ] (Reporting By Chris Gallagher) ((chris.gallagher@thomsonreuters.com;)).  Full Article

Idemitsu Kosan to construct hydrogenated hydrocarbon resin manufacturing unit in Taiwan
Thursday, 1 Sep 2016 

Idemitsu Kosan Co Ltd <5019.T>: Says it plans to construct a hydrogenated hydrocarbon resin manufacturing unit in Taiwan with Formosa Petrochemical Corp.<6505.TW> .Says the construction will increase the co’s production capacity to more than three times that of the conventional one, meeting demand expansion and sales increase and ensuring a stable supply.  Full Article

Idemitsu Kosan to acquire less of Showa Shell Sekiyu than planned -Nikkei<5002.T><5019.T>
Friday, 5 Aug 2016 

Nikkei:Idemitsu Kosan thinking of acquiring less of Showa Shell Sekiyu than previously planned, to counter efforts by Idemitsu's founding family to block merger-Nikkei.  Full Article

Idemitsu Kosan's management to meet founding family as early as next week to discuss Showa Shell merger - Nikkei<5002.T><5019.T>
Tuesday, 5 Jul 2016 

Nikkei: Idemitsu Kosan's management to meet founding family as early as next week to discuss latter's opposition to planned merger with Showa Shell Sekiyu - Nikkei .  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.