was a Japanese

petroleum Petroleum, also known as crude oil or simply oil, is a naturally occurring, yellowish-black liquid chemical mixture found in geological formations, consisting mainly of hydrocarbons. The term ''petroleum'' refers both to naturally occurring un ...

company, a wholly owned subsidiary of Nippon Mining Holdings (now JXTG Nippon Mining & Metals). The petroleum products of Japan Energy Corporation were sold by

filling station A filling station (also known as a gas station [] or petrol station []) is a facility that sells fuel and engine lubricants for motor vehicles. The most common fuels sold are gasoline (or petrol) and diesel fuel. Fuel dispensers are used to ...

s under the brand name JOMO (for "joy of motoring"). Aside from petroleum, mining, electronic materials, and operations, the company was also involved in transportation, construction, and engineering industries.

History

The predecessor to Japan Energy was first established in 1905 as a mining company in

Hitachi, Ibaraki 250px, Hitachi Sakura Festival is a city located in Ibaraki Prefecture, Japan. , the city had an estimated population of 165,822 in 76,702 households and a population density of 735 persons per km2. The percentage of the population aged over 65 w ...

, which expanded into oil exploration in 1914.

Namihei Odaira was a Japanese entrepreneur and philanthropist who founded Hitachi. Life Odaira was born on January 15, 1874, in Ienaka, Shimotsuga, Tochigi Prefecture (present-day Tsugamachi Kassenba, Tochigi), the second son of Odaira Sōhachi and Chiyo. ...

, an employee of the mining company, established

Hitachi () is a Japanese Multinational corporation, multinational Conglomerate (company), conglomerate founded in 1910 and headquartered in Chiyoda, Tokyo. The company is active in various industries, including digital systems, power and renewable ener ...

within the mine in 1908. The mine was renamed the Nippon Mining Company, Ltd. in 1929 following its integration into the

Nissan Group , formerly Nissan zaibatsu, was a group of companies and Japan's most powerful business groupings. Founded in 1928 by Yoshisuke Aikawa, the group was originally a holding company created as an offshoot of ''Kuhara Mining Co.'' (became Nippon M ...

the previous year. In 1966, at the behest of the

Ministry of International Trade and Industry The was a Ministry (government department), ministry of the Government of Japan from 1949 to 2001. The MITI was one of the most powerful government agencies in Japan and, at the height of its influence, effectively ran much of Japanese industri ...

, Nippon Mining's oil division merged its downstream business with those of unrelated oil companies Asia Oil and Toa Oil to form the Kyodo Oil Company, Ltd. (literally "Amalgamated Oil Company") Nippon Mining and Kyodo Oil merged in 1992 following financial losses in the latter. Originally called Nikko Kyodo Company, Ltd.; it was renamed Japan Energy Corporation the following year. Simultaneously with the merger, Nikko Kyodo established a separate company for its mining business called Nippon Mining & Metals Company, Ltd.. In 2002, both companies established Nippon Mining Holdings, Inc. as its holding company. While the two companies continued to exist, they were delisted. By late 2003, Japan Energy Corporation was part of a

consortium A consortium () is an association of two or more individuals, companies, organizations, or governments (or any combination of these entities) with the objective of participating in a common activity or pooling their resources for achieving a ...

that began exploring the natural gas field off the Aomori coast. In 2010, Nippon Mining merged with

Nippon Oil , formerly , or NOC or ''Shin-Nisseki'' (新日石) is a Japanese petroleum company. Its businesses include exploration, importation, and refining of crude oil; the manufacture and sale of petroleum products, including fuels and lubricants; and ...

to become

JX Holdings is a Japanese global petroleum and metals conglomerate headquartered in Tokyo, Japan. In 2012 the multinational corporation consisted of 24,691 employees worldwide and, as of March 2013, JX Holdings was the forty-third largest company in the ...

, and the petroleum assets of both Japan Energy and Nippon Oil were reorganized into two companies,

JX Nippon Oil & Energy , formerly , or NOC or ''Shin-Nisseki'' (新日石) is a Japanese petroleum company. Its businesses include exploration, importation, and refining of crude oil; the manufacture and sale of petroleum products, including fuels and lubricants; and ...

and JX Nippon Oil & Gas Exploration.

Notes

External links

JX Nippon Oil & Energy

JX Nippon Oil & Gas Exploration
Non-renewable resource companies established in 1992 Energy companies established in 1992 Energy companies disestablished in 2010 Japanese companies established in 1992 Japanese companies disestablished in 2010 Oil companies of Japan Non-renewable resource companies disestablished in 2010 Companies formerly listed on the Tokyo Stock Exchange {{petroleum-company-stub

History

See also

Notes

External links