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Thursday, May 16, 6:10 PM Sempra Energy (SRE) signs three 4M-ton/year, 20-year agreements with Japanese and French partners to support development, financing and construction of a liquefied natural gas export facility at the site of SRE's Cameron LNG receipt terminal in Louisiana. The plant will have an export capacity of 12M tons/year and is expected to cost up to $10B; construction will start next year. Comment! [Energy]
Thursday, February 7, 8:26 AM Solazyme (SZYM) +4% premarket after joining with Mitsui in a $20M multi-year agreement to develop a suite of triglyceride oils for use primarily in the oleochemical industry. The agreement includes further development of SZYM's high myristic algal oil and additional oils SZYM is developing for the oleochemical and industrial sectors. Comment! [Energy, On the Move]
Tuesday, July 17, 2012, 1:05 PM Mitsui & Co. (MITSY +0.2%) and Korea Electric Power (KEP +1%) say they will collaborate to upgrade a fossil-fuel-burning power plant for Takoradi International in Ghana. The project includes adding a steam turbine, heat recovery steam generators and a seawater cooling system to the existing gas turbines, and will have a total contract value of around $260M. Comment! [Global & FX, Energy]
Tuesday, June 26, 2012, 8:16 AM The BP divestiture continues, as the company sells its minority interest in two U.K. North Sea oil and gas fields to Japan's Mitsui (MITSY.PK) for $280M; the fields produce ~7K boe/day. Including yesterday's sale of interests in Wyoming gas fields to Linn Energy, BP's total asset sales since 2010 reach $24B. 2 Comments [Energy]
Tuesday, May 1, 2012, 3:47 AM Aussie oil producer Woodside Petroleum (WOPEY.PK) plans to sell a stake in its giant Browse natural gas project to Mitsui and Mitsubishi for $2B. The two Japanese firms will also work with Woodside to market LNG to the Asian market and to help Woodside raise money to finance the project. (PR) Comment! [M&A, Energy]
Thursday, March 22, 2012, 8:59 AM Asian trading firms Mitsui (MITSY.PK), Marubeni (MARUY.PK) and Noble Group (NOBGY.PK) are vying to buy U.S. grain and energy trader Gavilon, which could fetch $5B, Reuters reports. While any deal would give the suitor a large presence in U.S. agricultural markets, Glencore's interest has waned after it agreed to buy Viterra. Comment! [M&A, Commodities]
Friday, February 17, 2012, 2:52 PM BP jumps, +1.6% following news of Mitsui's (MITSY.PK) $90M settlement for Clean Water Act violations in the Deepwater Horizon spill. Whispers were about the government was going to go for a total of $20B, making $90M for BP's 10% partner lighter-than-expected. Comment! [Energy, On the Move]
Friday, February 17, 2012, 1:54 PM Mitsui (MITSY.PK) will pay $90M through its offshore unit MOEX in the first settlement over the Deepwater Horizon Gulf spill. Half the money - which includes $70M in civil penalties and $20M in habitat acquisition - heads directly to the gulf. Other defendants are still scheduled for trial, to begin Feb. 27. 2 Comments [Energy, Breaking News]
Monday, July 4, 2011, 5:15 AM Peabody (BTU) and two consortia are the preliminary winners to develop the Tavan Tolgoi coal deposit in Mongolia, a source says. If finalized, Peabody and 11 other firms would get access to the world's biggest untapped coking coal deposit, with the west Tsanki block holding an estimated 1.2B tons of reserves. 6 Comments [Energy]
Friday, May 20, 2011, 4:04 AM Following the MOEX (MITSY.PK) settlement, BP (BP) says it will keep pursuing Anadarko (APC), Transocean (RIG) and Halliburton (HAL) to pay their shares of the spill costs. MOEX's 10% well stake led to a $1B payout, which means shareholders of Anadarko, with a 25% stake, should be braced for a far larger bill. Comment! [Energy]
Tuesday, March 15, 2011, 9:00 AM Premarket gainers: BWEN +21%. CBLI +11%. YGE +6%. APWR +5%. SOL +4%. LNG +3%. LDK +3%. STP +3%.
Losers: URG -23%. URRE -21%. UEC -21%. ERZ -19%. DNN -18%. AG -14%. EXK -13%. CCJ -13%. CIGX -13%. GPL -12%. AVL -12%. SHAW -11%. PAL -9%. CTIC -10%. SVM -10%. RAD -9%. SLW -8%. SSN -8%. MITSY -8%. XING -8%. ALU -8%. ARMH -7%. MFG -7%. KOG -7%. MTU -7%. NOK -7%. SNE -7%. HL -7%. FGP -4%. NGD -7%. AFL -7%. DB -7%. GSS -7%. NG -6%. TTM -6%. IRE -6%. DCM -6%. MPEL -6%. AMD -6%. Comment! [Global & FX]
Friday, June 18, 2010, 3:36 PM Anadarko (APC +2.9%) and Mitsui (MITSY -2.4%) aren't off the hook in the Gulf oil disaster, Rep. Ed Markey says, and should set aside money to pay a share of claims tied to the spill. Anadarko owns a 25% stake in the project, and Mitsui Oil Exploration holds a 10% stake. 3 Comments

MITSY.PK Mitsui & Company, Ltd.

MITSY.PK

Mitsui & Company, Ltd.