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Japex Shifts Focus Back to Oil and Gas Exploration

Summary by Oil Price

Japanese oil and gas firm Japex is pivoting back to its core business after seeing poor returns in the renewable energy sector, as it becomes the latest major company to scale back green energy investments. “For now, the investment focus will remain on oil and gas exploration and production... as securing a fair return from renewable energy sources such as offshore wind is challenging due to rising costs,” Japex’s president Michiro Yamashita to…

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Oil Price

Japex Shifts Focus Back to Oil and Gas Exploration

3 days ago·London, United Kingdom

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Oil & Gas 360

Japex shifts focus back to oil and gas exploration – Oil & Gas 360

(Oil Price) – Japanese oil and gas firm Japex is pivoting back to its core business after seeing poor returns in the renewable energy sector, as it becomes the latest major company to scale back green energy investments. “For now, the investment focus will remain on oil and gas exploration and production… as securing a fair return from renewable energy sources such as offshore wind is challenging due to rising costs,” Japex’s president Michiro Ya

2 days ago·Denver, United States

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Energy News for the United States Oil & Gas Industry | EnergyNow.com

In a Major Shift, Japex to Prioritise Oil and Gas Investment Through 2030 - Energy News, Top Headlines, Commentaries, Features & Events

Japan Petroleum Exploration (Japex) is prioritising investment in oil and gas exploration and production (E&P) through 2030 – revising an earlier plan to aggressively expand its renewables businesses, its president said. “For now, the investment focus will remain on oil and gas exploration and production… as securing a fair return from renewable energy sources such ...

3 days ago

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