Jun 28, 2016

Idemitsu founding family opposes planned merger with Showa Shell

The founding family of Idemitsu Kosan Co. opposes its planned merger next April with Showa Shell Sekiyu K.K., the family’s representative said Tuesday, clouding the outlook of the creation of one of the largest oil distributors in Japan. The founding family, which owns a ...

Jun 28, 2016

New York nuke plant leaks oil, causing Lake Ontario slick

A spokesman for the Nuclear Regulatory Commission says a sheen on Lake Ontario has been traced to a small oil spill from the Fitzpatrick Nuclear Power Plant in New York. The U.S. Coast Guard responded Sunday to a report of a sheen near the ...

Indonesia leader, top execs visit Natuna isles in warship

Jun 23, 2016

Indonesia leader, top execs visit Natuna isles in warship

Indonesia’s president visited the Natuna Islands aboard a warship Thursday, making a bold move to assert sovereignty over the area in the southern reaches of the South China Sea after Beijing stated an “overlapping claim” on nearby waters. President Joko “Jokowi” Jokowi’s visit along ...

Jun 23, 2016

Itochu, CITIC to cooperate in oil, gas development

Trading house Itochu Corp. and China’s CITIC Resources Holdings Ltd. are to kick off joint projects in oil and gas production. An agreement calls on Itochu and the unit of CITIC Ltd., a Chinese state-owned conglomerate, to pursue joint acquisitions of oil and gas ...