Energy
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Energy
SK Group to buy 537 GWh green power from SK E&S
South Korea’s second-largest conglomerate SK Group is accelerating its net zero transition with its affiliates agreeing to buy 537 gigawatts ho...
Nov 24, 2023 (Gmt+09:00)
2 Min read -
Business & Politics
BP, Corio to invest $1.1 billion in S. Korea as Seoul-London ties deepen
LONDON – British offshore wind power developer Corio Generation and energy giant BP Plc have agreed to invest a combined 1.5 trillion won ($1.1...
Nov 23, 2023 (Gmt+09:00)
4 Min read -
Energy
SK Earthon starts shipping crude oil from South China Sea
SK Earthon Co., the resources development unit of South Korean energy major SK Innovation Co., said Wednesday that it has started shipping crude oil ...
Nov 22, 2023 (Gmt+09:00)
1 Min read -
Energy
Hanwha’s REC Silicon plant restarts as US-China tension eases
REC Silicon ASA, a US-based polysilicon maker, in which Hanwha Solutions Corp. and its affiliate have a 33% stake, has restarted operations after a h...
Nov 16, 2023 (Gmt+09:00)
2 Min read -
Energy
South Korea’s SK Earthon discovers crude oil offshore Vietnam
SK Earthon Co., the petroleum exploration and production (E&P) unit of South Korea’s top energy company SK Innovation Co., said on Thursday...
Nov 16, 2023 (Gmt+09:00)
2 Min read -
Corporate restructuring
SK Energy to spin off tank terminal business as new logistics firm
SK Energy Co., a unit of South Korean oil refiner and battery maker SK Innovation Co., is spinning off its crude oil storage and shipment business to...
Nov 13, 2023 (Gmt+09:00)
1 Min read -
Energy
Hyundai E&C to form private-public partnership for US solar power
South Korea's Hyundai Engineering & Construction Co. (Hyundai E&C), Korea Midland Power Co., and the Korea Overseas Infrastructure & Urba...
Nov 09, 2023 (Gmt+09:00)
1 Min read -
Energy
Doosan Enerbility secures contract for cask design from KHNP
South Korea's Doosan Enerbility Co. announced on Thursday it secured a contract for dry storage systems of spent nuclear fuel comprehensive design se...
Nov 02, 2023 (Gmt+09:00)
1 Min read -
Energy
KHNP submits final bid for Czech Republic’s new nuclear power unit
Korea Hydro & Nuclear Power Co. (KHNP) has submitted a final bid to the Czech Republic’s state-run Elektrarna Dukovany II (EDU II) to const...
Nov 01, 2023 (Gmt+09:00)
1 Min read -
Batteries
POSCO International, Lotte Energy in $4.4 bn battery materials supply deal
POSCO International Corp. has signed a 6 trillion won ($4.4 billion) deal to supply raw materials used to make copper foil, a battery component, to L...
Nov 01, 2023 (Gmt+09:00)
3 Min read -
Energy
HD Hyundai joins $14 mn offshore wind power project
HD Hyundai Electric Co., the electrical equipment and energy solution company under South Korea’s shipbuilding giant HD Hyundai Co., has joined...
Oct 31, 2023 (Gmt+09:00)
1 Min read -
Earnings
S-Oil basks in hefty Q3 profit, expects strong winter demand
S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., said on Monday it swung to a net profit in the third quarter from a loss the year earlie...
Oct 30, 2023 (Gmt+09:00)
3 Min read -
Energy
CS Wind eyes $2.2 bn sales in 2024 with Bladt
CS Wind Corp., a South Korean wind turbine tower manufacturer, expects its sales next year to double from last year’s to reach about 3 trillion...
Oct 24, 2023 (Gmt+09:00)
3 Min read -
Energy
DL E&C, Saudi SWCC team up for carbon neutrality
South Korea's DL E&C Co. announced on Monday it signed a memorandum of understanding (MOU) for the application of small modular reactors (SMRs) i...
Oct 23, 2023 (Gmt+09:00)
1 Min read -
Energy
NJ certifies Taihan Cable as major power grid supplier
South Korean fiber optic cable manufacturer Taihan Cable & Solution Co. on Thursday said it has been certified as a major power grid supplier by ...
Oct 19, 2023 (Gmt+09:00)
1 Min read -
Energy
LG Energy to expand residential ESS biz with new product
LG Energy Solution Ltd., the world’s second-largest electric vehicle battery manufacturer, is set to launch a new residential energy storage sy...
Oct 19, 2023 (Gmt+09:00)
2 Min read -
Energy
Dana Petroleum discovers new gas field in North Sea
Dana Petroleum, wholly owned by state-run Korea National Oil Corp. (KNOC), has discovered a new high-quality gas field in the North Sea, KNOC said on...
Oct 16, 2023 (Gmt+09:00)
1 Min read -
Energy
KHNP closes in on Romania’s nuclear plant refurbishment project
Korea Hydro and Nuclear Power Co. (KHNP) is eyeing to participate in a project to refurbish Romania-based Cernavoda Nuclear Power Plant’s unit ...
Oct 12, 2023 (Gmt+09:00)
2 Min read -
Energy
Seesawing refining margins cloud Korean refiners’ earnings
The outlook on South Korean oil refiners' earnings in the fourth quarter has turned murky as oil refining margins are back on a downward trend amid ...
Oct 12, 2023 (Gmt+09:00)
2 Min read -
Energy
POSCO International, GS Caltex to build palm oil refinery in Indonesia
South Korea’s POSCO International Corp. and GS Caltex Corp. on Thursday signed a $210 million deal to build a bio feedstock refinery facility i...
Oct 12, 2023 (Gmt+09:00)
1 Min read -
Energy
HD KSOE to invest $48 mn in European fuel cell company
HD Korea Shipbuilding & Offshore Engineering (KSOE) announced on Wednesday that it plans to invest 45 million euros ($47.7 million) in the Europe...
Oct 11, 2023 (Gmt+09:00)
1 Min read -
Energy
S.Korea’s SK Earthon starts oil production in South China
SK Earthon Co., the resources development subsidiary of South Korea’s top energy company SK Innovation Co., began crude production at an oil fi...
Sep 25, 2023 (Gmt+09:00)
2 Min read -
Energy
US OKs Chinese-made solar modules using materials of S.Korea's OCI
The US has approved the import of Chinese-made solar panels using polysilicon from South Korea's green and energy company OCI Holdings Co.Pundits say...
Sep 25, 2023 (Gmt+09:00)
1 Min read -
Energy
Taihan Cable bags $60 mn high-voltage power grid deal in Bahrain
Taihan Cable & Solution Co., a South Korean major cable manufacturer, has won its first-ever order in Bahrain, worth about $60 million, to build ...
Sep 22, 2023 (Gmt+09:00)
2 Min read -
Energy
US court rules in favor of Korea's nuclear reactor exports
A US district court on Monday dismissed Westinghouse Electric Corp.’s lawsuit against South Korean state-run companies to block their nuclear r...
Sep 19, 2023 (Gmt+09:00)
4 Min read -
Energy
Doosan Enerbility, KWP to advance power generation tech
South Korea's heavy industrial company Doosan Enerbility Co. and the government-owned Korea Western Power Co. (KWP) will jointly streamline domestic ...
Sep 19, 2023 (Gmt+09:00)
1 Min read -
Energy
HD Hyundai wins $32 mn solar module order in Africa
South Korea's HD Hyundai Energy Solutions Co. announced on Friday that it has inked a 130-megawatt (MW) solar module supply agreement with Portugee M...
Sep 15, 2023 (Gmt+09:00)
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Energy
Hyundai E&C, Poland bolster partnerships in nuclear power
Hyundai Engineering & Construction Co., a major affiliate of South Korean automaker Hyundai Motor Co., is boosting its networks in the nuclear po...
Sep 14, 2023 (Gmt+09:00)
1 Min read -
Energy
Samsung C&T sells 3GW solar energy project in US to local firm
Samsung C&T Renewables, the renewable energy corporation of South Korea's Samsung C&T Corp. in the US, announced on Thursday that it has sig...
Sep 14, 2023 (Gmt+09:00)
1 Min read
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