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 has been forced to abandon an ambitious plan to create an international campus in South Korea.
An Aberdeen firm is to carry out installation work for the world’s first “carbon-free island” in South Korea.
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.
Any future threats from Pyongyang could significantly impact neighbouring countries' energy trades, causing them to utilise strategic petroleum reserves, it has been warned.
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).
Watch the world-record transport of the 80,500 ton Floating Production Unit (FPU) Likouf onboard the Dockwise Vanguard, from South Korea to Gabon.
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 (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.
One worker was killed and five were injured in an explosion at an underground tank storage site in Korea, a news report said.
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.
Korea National Oil Corp (Knoc) has decided to cut its losses and exit the Sangaw South project in Kurdistan.
Korea Gas Corp plans to lower costs by using its own overseas output for the production of liquefied natural gas (LNG), the firm’s boss said, according to a media report.
Crude imports from Iran to South Korea have jumped nearly 115% since last month compared with a month earlier, new figures show.
South Korean prosecutors have raided Daewoo Shipbuilding and Marine Engineering (DSME) as part of an investigation into alleged accounting irregularities.
A man working on a Statoil rig in South Korea has died following an incident last month where he was injured.
Workers on Statoil’s Mariner project have been injured while carrying out construction work for its flagship North Sea Mariner project.
Songa Offshore said it has taken delivery of the Songa Enabler from Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea.
POSH Terasea has won a deal to project manage, tow and position Shell’s Prelude FLNG (Floating, Liquefied Natural Gas) platform from South Korea to its offshore gas field in Australia. The Prelude is the world’s largest offshore gas facility ever constructed and the deal will see the company tow the Shell Prelude FLNG over 3,000 nautical miles from the Samsung Shipyard in Geoje to Australia where it will be deployed.
BP has reached a major milestone with the sail away of its Glen Lyon FPSO from the Hyundai Heavy Industries yard in South Korea to the Quad 204 redevelopment in Shetland.
Police are investigating after a fire at a shipbuilding yard in South Korea has left one person dead and seven others injured. The incident happened at a shipyard owned by Daewoo Shipbuilding & Marine Engineering on Geoje Island earlier today. It is believed the fire broke out on an 85,000 LPG tankers where engineers had been carrying out welding work.
A continued "optimism bias" on projects is challenging the industry to deliver on time, according to leading major projects experts.
Pacific Drilling has cancelled the construction contract for the ultra-deepwater drillship Pacific Zonda after Samsung Heavy Industries failed to deliver the vessel on time.
Fred Olsen Energy (FOE) has cancelled a construction contract for a newbuild rig with Hyundai Heavy Industries in South Korea, as well as ending an agreement with Chevron in the UK North Sea. The company’s subsidiary, Bollsta Dolphin, said it had exercised its contractual termination right as a result of the rig’s delay.
South Korea's S-Oil Corp 010950.KS said on Monday it expected global demand for refined oil products to continue to grow in the fourth quarter and next year, supporting refining margins. S-Oil, whose main shareholder is Saudi Aramco SDABO.UL, reported a $10.97 million operating income in the third quarter, compared with 606.2 billion won in the second quarter, due to lower refining margins and inventory related losses.
