South Korea Overview

Aqualis Offshore has won a contract to provide position keeping services for the Egina FPSO, the company announced Wednesday.

The subcontract was awarded by the…

GS Caltex will build a KRW 2-trillion (USD 1.84-billion) olefins plant in the city of Yeosu in the southern part of South Korea, international media reported on…

The FPSO for the Egina project offshore Nigeria, which set sail from Samsung Heavy Industries’ Geoje shipyard in South Korea in late October 2017, has arrived, local…

The Niger Delta Avengers announced an end to their ceasefire on Friday.

The group had announced it had ceased hostilities in August 2016 after several months of its…

Iran’s exports of crude to Europe and Turkey soared to 1.1 million bopd last month, the highest level since sanctions targeting Tehran’s nuclear programme were…

The world’s largest semi-submersible platform arrived on Monday at the USD 34-billion Ichthys project in offshore Australia, operator Inpex reported.

The…

France’s Total announced on Tuesday that it had brought the Badamyar offshore project, some 220 kilometres south off Myanmar, on stream.

The gasfield is meant to…

Total’s 50:50 joint venture with South Korea’s Hanwha will work to increase ethylene production capacity of the Daesan refining & petrochemicals integrated…

Asia’s top-four importers of Iranian oil took in 67.6% more crude in January 2017 than a year earlier in January 2016.

China, India, Japan and South Korea together…

Saudi Arabia is reportedly planning to reshuffle the assets of some of its major companies in a bid to increase their competitiveness and raise their international…