JX Nippon to acquire Japan Drilling from Aspirant Group.

JX Nippon, an oil explorer, agreed to acquire Japan Drilling, an offshore drilling services provider, from Aspirant Group, a private equity firm. Financial terms were not disclosed. "We have come to this agreement in recognition of the fact that JDC's technology for drilling wells to inject and store CO2 underground is expected to further strengthen the CCS/CCUS value chain provided by the ENEOS Group. We believe that after the transfer, JDC will be able to strengthen its CCS business, currently being worked on, through collaboration with JX, and aim for further growth and development," Aspirant Group.