ADNOC Gas, an affiliate of the Abu Dhabi National Oil Company (ADNOC), is set to expand its reach in the global liquefied natural gas (LNG) market through a $5 billion acquisition of ADNOC’s 60% stake in the Ruwais LNG project. Scheduled for completion by the second half of 2028, this acquisition reinforces ADNOC Gas’s mission […]
Mitsui & Co., Ltd. Has announced a significant investment decision in the Ruwais LNG project located in Al Ruwais Industrial City, Abu Dhabi, United Arab Emirates. This development, steered by Abu Dhabi National Oil Company (“ADNOC”), marks a substantial venture into natural gas liquefaction, with Mitsui’s wholly-owned subsidiary MBK Investment Management Netherlands B.V. (“MIM”) collaborating […]
Quantinuum, a global leader in integrated quantum computing, has announced the closing of a substantial $300 million equity fundraise. This financial milestone, achieved at a pre-money valuation of $5 billion, is anchored by strategic partner JPMorgan Chase, along with contributions from Mitsui & Co., Amgen, and Honeywell, which continues to be the company’s majority shareholder. […]
RWE Offshore Wind Japan Murakami-Tainai K.K., in a consortium with Mitsui & Co., Ltd. (“Mitsui”) and Osaka Gas Co., Ltd. (“Osaka Gas”), has been selected to develop a substantial 684-megawatt (MW) offshore wind project off the coast of Murakami and Tainai, Niigata Prefecture, Japan. The Japanese Government has appointed the consortium in its latest offshore […]
Shell Offshore Inc., a subsidiary of global energy leader Shell plc, has recently expanded its footprint in the US Gulf of Mexico by acquiring the 20% Working Interest (WI) in the Kaikias field from MOEX North America LLC, a 100% subsidiary of Mitsui & Co., Ltd. With this acquisition, Shell now holds 100% working interest […]
Japanese conglomerate Mitsui & Co. is set to acquire a 70% stake in Nutrinova Netherlands B.V., a subsidiary of American chemical company Celanese Corporation that manufactures and sells functional food ingredients. The share purchase, valued at approximately $472.5 million (around ¥66.0 billion), will see Nutrinova Netherlands becoming Mitsui’s equity method affiliate. The acquisition, subject to […]
McDermott International and Chiyoda International said that the second train of the Cameron liquefaction project in Louisiana has entered the final commissioning stage. The two companies jointly hold the engineering, procurement and construction contract, worth around $6 billion, for the LNG export project in Hackberry. McDermott and Chiyoda introduced pipeline feed gas into Train 2 […]