Energy Division
Message from the COO
- Executive Officer, COO, Energy Division
- Keizo Torii
The Energy Division strives to expand its earnings base by optimally coordinating the balance among its five strategic business fields: oil and gas exploration and production (E&P), LNG projects, trading, marketing and nuclear fuels.
In fiscal 2008, ended March 31, 2009, the first year of “SG2009,” the division posted record-high earnings mainly atop growth in the resource development sector. This growth itself reflected historically high energy resource prices during the first six months of the year.
In contrast, we face adverse economic circumstances in fiscal 2009, with the global economic recession likely to bring declining petroleum demand and lackluster energy resource prices for the year. Notwithstanding this climate, our goal is to stay flexible in our approaches to realize steady profit.
Sources of Strength
• Consistent progress in oil and gas E&P and LNG production
Oil and gas E&P and LNG projects in the United States, United Kingdom, Qatar, Equatorial Guinea and other international sites are progressing well. With success in exploration in the Gulf of Mexico and the U.K. North Sea in 2008, the division is dedicated to actions that increase production volumes and reserves.
• Strong petroleum trading business boasting Asia’s top position in naphtha trading
The division is involved in the global trading of oil and petroleum products from key bases in Japan, Singapore, the U.S. and the U.K. Particularly for naphtha and other petrochemical feedstock, the division boasts the top trading share in the region.
• Nuclear fuel business centering on development and promotion in uranium mine projects
The division is operating existing uranium mine development projects, as well as exploring new projects. In addition to providing services for each phase of the nuclear fuel cycle, the division handles a variety of equipment related to nuclear power generation.
News & Topics
Peru LNG Project
Laffan Refinery Project
Oil and Gas Exploration and Production in the U.S. Gulf of Mexico and the U.K. North Sea
