South Korea News


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, which is located in Baeksu, Yeonggwang of South Jeolla Province. The commissioning process will start at the end of January…

Korean Companies Ink CCS MoU With Petronas

Aug 04, 2022

Six South Korean companies and Malaysian state-owned energy company Petronas have agreed to work together to look at the feasibility of a cross border carbon capture and storage project in what's been called Asia’s first CCS hub project. Under a memorandum of understanding (MOU)…

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…

South Korea's SK earthon Wins Offshore Acreage in Malaysia

Apr 25, 2022

Malaysia's Petronas on Friday signed a Production Sharing Contract (PSC) with SK earthon and Petroleum Sarawak Exploration & Production Sdn. Bhd. (PSEP) for Block SK427 off the coast of Sarawak. SK earthon, a subsidiary of South Korea’s SK Innovation…

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…

Equinor Taps Havfram for Floating Wind Installation Study in S. Korea

Mar 31, 2022

Norwegian energy firm Equinor has awarded offshore installation company Havfram a contract to carry out a transport and installation study on the Firefly floating offshore wind project in South Korea.The Firefly project is an 800MW project and…

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…

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…

Ørsted, S. Korean Utilities Sign Deals for 1.6 GW Incheon Offshore Wind Project

Jan 21, 2022

Danish offshore wind giant Ørsted has signed memoranda of understanding with Korean state-owned utilities Korea Southern Power (KOSPO) and Korea Midland Power (KOMIPO) for the development of the 1.6 GW Incheon offshore wind project.The MoU signing…

DNV to Certify Offshore Wind Turbines for South Korea

Jan 10, 2022

Korean Energy Agency (KEA) has selected assurance provider DNV to deliver Type Certification services for the South Korean wind energy market. 'This new DNV service for the Korean market will result in a convenient and cost-effective process…

Shell, CoensHexicon JV Gets EBL for Floating Wind Project in South Korea

Nov 29, 2021

MunmuBaram, a joint venture between Shell and CoensHexicon, has secured an Electricity Business License (EBL) for its floating offshore wind project off the coast of Ulsan, South Korea. The EBL from the Ministry of Trade, Industry, and Energy…

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