Japan Petroleum Exploration Archives

Japan Petroleum Association eyes North America for crude supply options

March 23, 2026

(BOE Report) – Japan Petroleum Association President Shunichi Kito said on Monday that North America was one potential source for alternative crude oil supplies, with Ecuador, Colombia and Mexico cited as possible options. Oil buyers elsewhere, including from Japan, are looking for options to substitute for supplies on tankers stuck in the Gulf region due to the U.S.-Israeli war on

Japan’s JAPEX buys US tight oil and gas assets in $1.3 billion deal

December 18, 2025

(BOE Report)– Japan Petroleum Exploration said on Thursday it will acquire Verdad Resources Intermediate Holdings LLC (VRIH), which owns tight oil and gas assets in the U.S. for $1.3 billion in its largest-ever deal. JAPEX will buy VRIH, which holds assets in Colorado and Wyoming, from Verdad Resources Feeder LLC using a mix of its own funds and debt. The

Japan Petroleum Exploration

Japan Petroleum Association eyes North America for crude supply options

Japan’s JAPEX buys US tight oil and gas assets in $1.3 billion deal

Premium Content