Oil exploration up in the air as prices dive

Business Oct 4, 2020

Oil exploration up in the air as prices dive

The coronavirus pandemic that has slammed oil demand and prices is forcing energy majors to tighten their belts on exploration, even if finding new deposits remains essential to their existence. While the sector is increasingly diversifying into greener energies such as wind power, its core ...

JGC wins refinery renovation deal in Iraq

Business Aug 12, 2020

JGC wins refinery renovation deal in Iraq

Japanese engineering company JGC Holdings Corp. said Wednesday that it has won a contract to renovate a refinery in Iraq. The deal between subsidiary JGC Corp. and the Iraqi government is worth about ¥400 billion, making it one of Japan's largest reconstruction aid programs for ...

Japan gas stations struggle as coronavirus saps demand

Business Aug 11, 2020

Japan gas stations struggle as coronavirus saps demand

Gas stations in tourist areas in Japan are having a tough time this summer holiday season, including the Bon period, when sales of gasoline are normally high, as the continuing spread of the novel coronavirus is sapping demand for long-distance car travel. The average retail ...