Korea (South)

Latest News and Press Releases

Asia - Far East

South Korea & Iraq Sign $3.55 Billion Oil Development Pact

24 February 2009

The governments of South Korea and Iraq have combined to sign a $3.55 billion deal, in which the former will help rebuil...

Asia - Far East

Foster Wheeler Awarded Gasification FEED Contract in South Korea

19 February 2009

Foster Wheeler AG announceS that its Milan-based subsidiary Foster Wheeler Italiana S.p.A., part of its Global Engineeri...

Asia - Far East

South Korean Court Finds Oil Spill Captain Guilty of 'Negligence'

10 December 2008

The Indian captain of the 'Hebei Spirit', the Hong Kong tanker responsible for the country's most infamous and destructi...

Asia - Far East

Aker Solutions Win New Drilling Equipment Contract Award

30 August 2008

Aker Solutions has been awarded a drilling equipment contract by Daewoo Shipbuilding and Marine Engineering (DSME) in Ko...

Asia - Far East

Reports Claim of Impending Bidding War for Imperial Energy

26 August 2008

Reports that state-run Korean National Oil Corporation (KNOC) is set to purchase Imperial Energy, a Russian based compan...

Asia - Far East

SK Energy’s Proven Reserves to Exceed South Korea’s Annual Oil Consumption

23 July 2007

• Company Expects to Secure 700Million bbl of Oil and Gas by 2010 as Part of Expanding Global Exploration and Production...

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Asia - Far East

Chevron Applauds U.S.-Korea FTA Agreement

04 April 2007

Chevron Corporation has expressed its support for the U.S.-Korea Free Trade Agreement, commending both negotiating teams...