South Korea News


Shearwater GeoServices Wins 3D Survey Contract Offshore South Korea

Mar 08, 2023

Marine seismic survey contractor Shearwater GeoServices has secured a 3D streamer survey offshore South Korea.The contract, of an undisclosed value, was awarded by Korea National Oil Corporation (KNOC).The award of the 1,200 sq. km survey marks…

BP Acquires Majority Stake in Deep Wind Offshore's S. Korean Offshore Wind Portfolio

Feb 15, 2023

Oil major BP has formed an offshore wind joint venture with Norway's Deep Wind Offshore to develop offshore wind farms in South Korea. As part of the deal agreement, BP has acquired a 55% stake in Deep Wind Offshore’s early-stage offshore wind portfolio…

South Korea’s Doosan Enerbility and Siemens Gamesa in Offshore Wind Collab

Feb 07, 2023

Offshore wind turbine maker Siemens Gamesa and South Korea's Doosan Enerbility, formerly known as Doosan Heavy Industries, have signed an agreement to collaborate on offshore wind projects in South Korea.Siemens Gamesa offshore wind business…

Elenergy Selects DNV as Owner's Engineer for S. Korea's Largest Offshore Wind Farm

Oct 26, 2022

Elenergy Co Ltd, a Korean renewable energy development firm, has hired DNV as the owner's engineer for its 1.5 GW fixed-bottom Chujin offshore wind project.The Chujin offshore wind farm will be the largest commercial-scale offshore wind farm in South Korea…

DORIS, Hyundai Heavy Win Floating Wind Farm Engineering Deal in South Korea

Oct 07, 2022

A consortium between the offshore engineering firm DORIS and the Korean shipbuilding and offshore engineering giant Hyundai Heavy Industries has won a Front-End Engineering Design (FEED) contract for a floating wind project in South Korea.The…

Conflict in the South China SeaThreatens Australia’s Fuel Imports

Aug 21, 2022

China’s saber-rattling around Taiwan underlines the need for Australia to be prepared for conflict in the South China Sea.With its growing navy and air force, and the bases it has built throughout the area, China is increasingly capable of disrupting…

Deep Wind Offshore, East West Power to Collaborate on Offshore Wind Projects in S. Korea

Jun 30, 2022

Norwegian offshore wind company Deep Wind Offshore has signed an agreement with South Korea's East West Power, to collaborate on projects totalling more than 4GW of floating and bottom fixed offshore wind in South Korea.    'We are extremely excited to collaborate with EWP on these projects…

Equinor Plans Investment Decision on S. Korea Floating Offshore Wind Farm in 2024

May 26, 2022

Norway's Equinor plans to make a final investment decision on what would be its first offshore wind farm in South Korea as early as 2024, and is now considering a third, larger project in the country, the head of its local unit said.'We are…

India's ONGC Struggling to Move Russian Oil

Apr 26, 2022

India's Oil and Natural Gas Corp (ONGC) is struggling to find a vessel to ship 700,000 barrels of crude from Russia's Far East, in a growing sign that complex trades involving one of Moscow's biggest partners are being interrupted by Western sanctions…

CoensHexicon Changes Name

Apr 15, 2022

Swedish floating wind technology developer Hexicon has informed that its joint venture CoensHexicon Co., Ltd. has changed its name. The new name is Hexicon Korea Co., Ltd. with the change taking effect from Friday, April 15, 2022. 'The change…

Technip Energies Lands FEED Contract with Equinor for Floating Wind Project in S. Korea

Apr 04, 2022

Norwegian energy company Equinor has hired Technip Energies to carry out a Front-End Engineering Design (FEED) for the offshore floating wind Firefly project, located 70 kilometers offshore the East Coast of South Korea.The FEED contract covers the engineering…

Two 3D Surveys: Shearwater GeoServices Wins First Contract with South Korea's KNOC

Apr 04, 2022

Marine seismic survey firm Shearwater GeoServices has secured deals for two 3D seismic surveys offshore South Korea, together with seismic data processing and imaging by Korea National Oil Corporation (“KNOC”). This is Shearwater’s first contract with KNOC…

Floating Wind: Ocean Winds, Aker Offshore Wind JV Secures Another EBL in South Korea

Mar 03, 2022

Korea Floating Wind ('KF Wind'), a joint venture between Ocean Winds and Aker Offshore Wind, has received its second Electric Business License (EBL) from South Korea's government for a capacity of 450 MW, 'Obtaining the second EBL represents…

Doosan Unveils 8MW Offshore Wind Turbine, South Korea's Largest

Jan 28, 2022

Doosan Heavy Industries & Construction has unveiled South Korea's largest offshore wind turbine, a 232.5 meters tall giant with a capacity of 8MW.Doosan said Thursday it had completed the implementation of the 8MW offshore wind turbine prototype at the Korea Wind Power Demonstration Center…

KF Wind Gets 'Key' License for Giant Floating Wind Farm in South Korea

Jan 25, 2022

Korea Floating Wind (“KF Wind”), a joint venture between Ocean Winds and Aker Offshore Wind, has secured its first Electric Business License (EBL) from South Korea's Ministry of Trade, Industry, and Energy for a capacity of 870MW.According to Aker Offshore Wind…

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