Japex has acquired interests in the Eagle Ford formation in Texas
Japex plans US shale investments
Japanese explorer sees opportunities to expand its footprint
Japanese state-backed oil producer Japex plans to invest around $500mn over 2022-24 to develop shale oil in the southern US. The funds will go towards both the company’s existing asset in Texas “and interests to be acquired later this year”. “Acquisition of new overseas oil and gas interests” is one of Japex’s “key priorities”, the company said in its 2022-30 management plan, published in March. And for those acquisitions, “shale formation development in North America is a priority focus area”, the company now confirms, arguing such acquisitions will be cash-generative “early” and that the company “can leverage our experience and expertise in this area”. The Japanese firm has held a stake in
Also in this section
28 April 2026
The key energy player faces balancing regional routes, political complexities, and creating a clear strategic vision for energy security
24 April 2026
The European Commission’s response to the Middle East crisis is to double down on its transition strategy, with plans for a new target on electrification
24 April 2026
A major new discovery by Eni and BP that can likely be fast-tracked to production is welcome news for Egypt as it scrambles to plug a widening supply gap and deal with rising import risks
24 April 2026
Countries in the region are turning to the cleaner-burning fuel for power generation, driving demand for imports
