Ørsted outlines intention for 1.6GW of offshore wind in South Korea
Ørsted has outlined its intention to develop offshore wind projects in Asia Pacific with a potential capacity of up to 1.6 gigawatts (GW).
South Korea
UK needs a clear strategy before green hydrogen energy can take off
A clear green hydrogen energy strategy is necessary if energy companies are to commit to investing in UK green hydrogen projects.
Last topside module installed at Coral Sul FLNG
Mozambique’s $7 billion floating LNG (FLNG) project is on course for starting up production in 2022, Eni has said.
UK chases Asia’s largest offshore wind farm in Vietnam
The UK proposes to help develop one of the world’s largest offshore wind projects in Vietnam, where the market is expected to boom.
Total, Macquarie to develop 2GW of floating wind in South Korea
Total and Macquarie’s Green Investment Group (GIG) will jointly develop five floating wind farms with total capacity of more than 2 gigawatts (GW) off South Korea.
Simec Atlantis enters into debt financing agreement to fund transition at flagship power station
Simec Atlantis Energy has entered into an agreement with a leading South Korean financial institution to fuel the transition of its flagship power station.
Might makes for LNG opportunities
Pandemic-driven lockdowns have taken their toll on small companies in every sector, while larger companies can take a longer view on matters, including in the LNG sector.
South Korea has run out of commercial storage space for oil
South Korea has run out of commercial storage space for oil, according to people with knowledge of the matter, a development that’s likely to intensify a global scramble for tankers to store crude and fuels.
IEA: short-term pain to balance out in second half
Actions taken by producer states under the OPEC+ banner, coupled with moving oil into storage, should see a stock draw of 4.7 million barrels per day in the second half of 2020, the International Energy Agency (IEA) has said in its recent Oil Market Report (OMR).
Worley wins Mozambique LNG work
Worley has won two master service agreements (MSAs) from Total for work on the Mozambique LNG project.
Coral Sul hull hits the water
The hull of the Coral Sul floating LNG (FLNG) has been launched at a ceremony in Geoje, in South Korea, on schedule.
South Korea’s LNG imports ebb
South Korea’s LNG imports in September dropped to levels last seen in 2017.
KOGAS signs up US LNG supplies from BP
South Korea has struck a 15-year deal with BP for LNG supplies, covering 1.58 million tonnes per year.
Updated: US won’t renew sanctions waivers for Iran oil customers, Brent climbs
The Trump administration said it won’t renew waivers that let countries buy Iranian oil without facing U.S. sanctions, a move that roiled energy markets and risks upsetting major importers such as China and India.
Aberdeen University scraps South Korea plans over oil downturn
Aberdeen University has been forced to abandon an ambitious plan to create an international campus in South Korea.
Aberdeen firm wins contract for world’s first ‘carbon-free island’
An Aberdeen firm is to carry out installation work for the world’s first “carbon-free island” in South Korea.
South Korea said to seize second ship suspected of oil transfers
South Korea is holding another vessel over suspicions it transferred petroleum products to a North Korean vessel -- the second seizure to come to light since President Donald Trump warned China against illicit oil sales to North Korea.
North Korea volatility could impact global energy imports, analyst says
Any future threats from Pyongyang could significantly impact neighbouring countries' energy trades, causing them to utilise strategic petroleum reserves, it has been warned.
European Bank and South Korea lead green economy
The President of the European Bank for Reconstruction and Development (EBRD) has held meetings with theKorean Government and the Asian country's Green Climate Fund (GCF).
Video: record breaking transport of FPU
Watch the world-record transport of the 80,500 ton Floating Production Unit (FPU) Likouf onboard the Dockwise Vanguard, from South Korea to Gabon.
US rejects China’s call to halt military drills if North Korea stops missile tests
The United States has rejected China’s proposal for a halt to joint US-South Korean military exercises if North Korea suspends its nuclear and missile activities.
Korea National Oil Corp construction work halted after death of two workers
Korea National Oil Corp (KNOC) said the government has informed it to indefinitely halt construction of an underground storage tank after an incident this month which killed two workers and injured others.
Oil worker dies in South Korea explosion, report says
One worker was killed and five were injured in an explosion at an underground tank storage site in Korea, a news report said.
South Korean electric power utility eyeing UK nuclear investment
A South Korean electric power utility is said to be close to investing in a $13billion project in the UK which could see construction of a new nuclear power plant near Sellafield.
South Korea’s Knoc cuts losses on ‘uneconomic’ Kurdistan project
Korea National Oil Corp (Knoc) has decided to cut its losses and exit the Sangaw South project in Kurdistan.