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Mitsui & Co Ltd

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  • Westport Petroleum Inc, the Franklin, Tennessee- based shipping arm of Japanese trader Mitsui& Co, chartered the BW Zambesi, an LR1 tanker, also known as a Panamax class vessel, in mid-July for the voyage. The tanker, owned by BW Group, docked at the Galveston terminal in Texas on Tuesday, AIS data on Reuters showed.

  • *South Korea, Japan refiners to take first two U.S. cargoes. *Iran condensate exports to China made at deep discounts. While buyers in Japan and South Korea have been willing to trial a U.S. grade of the super-light crude known as condensate, China has already locked in annual contracts with Tehran and is not expected to take any U.S. oil in the short-term.

  • SAN FRANCISCO, July 15- The first condensate cargo for export is due to load in Texas at the end of this week, headed via the Panama Canal to Asia, shipping sources said. Westport Petroleum Inc., the Franklin, Tennessee- based shipping arm of Japanese trader Mitsui& Co., chartered the BW Zambesi, an LR1 tanker, also known as a Panamax class vessel.

  • TOKYO, July 3- Japan's Mitsubishi Electric has agreed to take the first step towards a partnership with European missile maker MBDA to develop a medium-range air-to-air missile for the F-35 stealth fighter, two people with knowledge of the matter said.

  • One week after U.S. authorities confirmed a ruling easing a 40- year ban on shipping lightly processed oil abroad, Enterprise Product Partners has sold its first cargo to a Japanese trading house and was seeking more buyers in Latin America, according to trading sources.

  • July 2- Enterprise Product Partners has sold a cargo of U.S. condensate to an Asian trader, in what appears to be the first export deal agreed to a week after the U.S. Commerce Department cracked open the door for limited oil exports, two traders said on Wednesday.

  • US Boom Times Ahead? Maybe, Thanks to Shale Gas Tuesday, 26 Mar 2013 | 12:36 PM ET
    Workers make a pipe connection on the drill string on the Orion Perseus drilling rig that is currently drilling for oil and gas in the Eagle Ford Shale, Webb County, Texas.

    With cheap shale gas making the US a magnet for industrial companies, many economists are positing a return to industrialization after more than a decade of consumption-led growth.

  • US Shale No Panacea for Japan's Crippling Energy Bills Monday, 25 Mar 2013 | 11:21 PM ET

    U.S. shale gas may not be the panacea being touted by Japan's politicians and companies to sharply reduce the country's crippling energy bills.

  • TOKYO, Oct 31- Japan's Nikkei share average was seen moving higher on Wednesday after losing 1 percent on profit-taking a day earlier when the Bank of Japan eased monetary policy in line with expectations. ``Since the reaction to the BOJ was fully priced in yesterday, I think we should bounce back today,'' said Toshiyuki Kanayama, senior market analyst at Monex. ``The index should be steady, with some small gains, although there's a lack of incentives because the U.S. wasn't open.'' Market players said the Nikkei was likely to trade between 8,850 to 8,950 on Wednesday.

  • RIO DE JANEIRO, Oct 25- Brazilian mining company Vale SA plans to sell underperforming assets to control costs and boost profit, executives said on Thursday, a day after reporting weak earnings and halting work on a giant iron ore mine in the West African nation of Guinea.

  • RIO DE JANEIRO, Oct 25- Brazilian mining company Vale SA plans to sell underperforming assets to control costs and boost profit, executives said on Thursday, a day after reporting weak earnings and halting work on a giant iron ore mine in the West African nation of Guinea.

  • CEO of long-delayed giant Mongolian coal project quits Thursday, 11 Oct 2012 | 6:12 AM ET

    ULAN BATOR, Oct 11- The head of the state-owned company charged with developing Mongolia's long-delayed Tavan Tolgoi coal project in the South Gobi region resigned on Thursday, raising hopes that a new CEO may hasten the launch of the massive mine. Enebish will be replaced by Batsuur Yaichil, a former member of parliament with the ruling Democratic Party.

  • SINGAPORE, Oct 9- Asia's fuel oil cash differentials recovered on Tuesday as low prices helped to stir up buying interest. Cash differential for 180- centistoke fuel oil narrowed more than a dollar to a discount of 40 cents a tonne above Singapore spot quotes, the highest in three sessions.

  • SINGAPORE, Oct 9- Indonesia's state-owned Pertamina has concluded term negotiations to supply low sulphur waxy residue in the fourth quarter at lower premiums, traders said. The term contract, to supply about 200,000 barrels of V1250 grade LSWR a month, was awarded at a premium of $50.00- $55.00 a tonne to Singapore quotes, according to the traders.

  • SINGAPORE, Oct 5- Asia's fuel oil market plunged further on Monday, with the prompt inter-month spread sinking to its lowest in nearly two years amid abundant supply of the 180- centistoke fuel oil. Sri Lankan refiner Ceylon Petroleum Corp has emerged in the spot market to seek 20,000 tonnes of high sulphur fuel oil and 20,000 tonnes of low sulphur fuel oil.

  • Russia's Sakhalin-2 sees flat oil output in 2012 Friday, 5 Oct 2012 | 8:50 AM ET

    MOSCOW, Oct 5- Russia's Pacific Sakhalin-2 project, in which Shell owns a 27.5 percent stake, expects no change to its oil production this year, a spokesman for the operator said on Friday, refuting media reports of a possible decline.

  • TEXT-S&P summary: Mitsui & Co. Ltd. Friday, 5 Oct 2012 | 3:35 AM ET

    Oct 05-=============================================================================== Summary analysis-- Mitsui& Co. Ltd.----------------------------- 05- Oct-2012=============================================================================== CREDIT RATING: A+/ Stable/A-1 Country: Japan Primary SIC: Durable goods, nec Mult. Our ratings on Mitsui& Co. Ltd. reflect its relatively strong profitability, backed by a solid business franchise that comprises mainly resources and energy businesses.

  • **DENTSU INC FALLS, SMBC NIKKO CUTS RATING**. Dentsu fell 2.4 percent to 1,858 yen, marking its seventh straight losing session and striking a three-year low, after SMBC Nikko Securities downgraded Japan's biggest advertising company to' underperform' from' neutral', lowered its target price and cut earning forecasts.

  • JX Holdings Inc fell 1.6 percent to 434 yen after a source said Pan Pacific Copper Co, its joint venture with Mitsui Mining and Smelting, has cut its term premium for copper by 15 percent from last year to $85 per tonne for Chinese clients' 2013 shipments.

  • Trading house Marubeni Corp gained 1.4 percent to 498 yen after Barclays Securities lifted its price target on the stock to 700 yen from 650, saying the company had lower exposure to resources businesses than its peers. to 1,860 yen from 2,000, Mitsui& Co to 1,320 yen from 1,350, Sumitomo Corp to 1,190 yen from 1,230, and Itochu Corp to 1,070 yen from 1,100..