SK Group in US shale MoU with GE

USA
SK Group and GE on Thursday agreed to team up for the development of US shale gasfields, with the South Korean conglomerate planning to invest more than USD 1.5 billion in the US through 2022.

Signed in Washington, DC, the memorandum of understanding between SK Group and GE will also see the proposed tie-up work to explore additional investment opportunities to the tune of close to USD 4.4 billion.

The Korean-US partnership could result in USD 1.75 billion worth of US LNG shipments to South Korea, the companies said in a statement.

Recent Posts

Iberdrola to triple offshore wind assets to $18 billion

Spain's Iberdrola plans to triple its offshore wind assets in the coming years, bringing their value to USD 18 billion,… Read More

1 day ago

Angola’s Azule Energy awards Saipem $850-million contract

Saipem has been awarded a USD 850-million contract for subsea works in Angola by local BP-Eni joint venture Azule Energy,… Read More

1 day ago

Arrow Exploration spuds new well in Colombia

Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More

2 days ago

Petronas makes discovery off Suriname

Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More

2 days ago

Japan’s JERA slates $32 billion for LNG, renewables, new fuels

Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More

2 days ago

Chevron planning UK North Sea exit

Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More

2 days ago

This website uses cookies.