Jellyfish-like organisms halt two South Korean nuclear reactors
Sea salps -- gelantinous, marine organisms that look like jellyfish -- have clogged water systems used to cool nuclear reactors in South Korea, forcing two units offline.
South Korea
China’s mega-refineries are throttling other Asia oil processors
The rise of China’s mega-refineries was always going to make life tougher for their competitors across Asia. But the fallout from Covid-19 is hastening the impact and accelerating consolidation across the region.
Unlocking hydrogen and LNG potential in Asia Pacific
Asia remains the world’s largest and fastest expanding energy demand centre. Significantly, regional investments in the transition towards a cleaner energy system have maintained pace during the coronavirus pandemic.
South Korea’s SK makes $16bn push into hydrogen
South Korean conglomerate SK Group will invest 18.5 trillion won ($16.5 billion) over the next five years to develop a domestic hydrogen industry.
Adnoc, Korea talk blue hydrogen supplies
Adnoc and South Korea have held talks on blue hydrogen supplies during a virtual business trip.
Saudi Arabia to ship gas to South Korea and take CO2 back
Saudi Arabia may ship gas to South Korea where it will be used to make hydrogen, and the carbon dioxide produced in the process will be transported straight back to the kingdom.
Big oil eyes South Korean offshore wind
News that South Korea aims to build the world’s largest offshore wind farm by 2030 follows moves by major exploration and production companies to establish a foothold in the nascent market.
Floating offshore wind could be massive in Asia
The floating offshore wind power market in Asia Pacific could offer investment opportunities worth up to $58 billion as a significant market for the technology is emerging, latest research from Wood Mackenzie shows.
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).
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.