Tag: South Korea

Atwood receives drilling contract

Atwood Oceanics, Inc. has announced that one of its subsidiaries has been awarded a drilling services contract by a subsidiary of Noble Energy Inc. for a worldwide program in the Eastern Mediterranean.

South Korean producers cut use of domestic wire ro

South Korean producers of stainless steel wire are decreasing their use of domestic wire rods due to an increasing price gap between domestic materials and imported products. According to stainless wire industry officials, the import prices for foreign 300 series stainless steel wire rods

Shell to move forward with Floating LNG

The Board of Royal Dutch Shell plc (Shell) has made the final investment decision on the Prelude Floating Liquefied Natural Gas (FLNG) Project in Australia; the company will build the world's first FLNG facility. Moored some 200km from the closest land in Australia, the FLNG facility will produce gas from offshore fields

POSCO to expand capacity in South Korea

POSCO approved a USD 1.98 billion investment plan at its shareholders' meeting. The investment is for the construction of its third FINEX blast furnace, a No. 4 wire rod plant and a new stainless steel plant. Building the third FINEX blast furnace will improve its competitiveness, while constructing the No. 4 wire rod plant will allow the company to meet the rising demand for wire rod.

South Korea plans wind farm

The government of South Korea plans to construct an offshore wind farm off Korea’s west coast by 2019.

South Korea Wind Power Project

South Korea is to build a USD 8.2 billion offshore wind project in the Yellow Sea to 2500MW of power.

Mechel establishes itself in Korea

Mechel has announced that it is establishing its official representative office in Seoul, South Korea. Currently Mechel’s representative office in South Korea is the first Russian corporate representative office in the mining and metals industry in the country.

South Korea: drilling equipment

Aker Solutions has been awarded two contracts with Daewoo Shipbuilding & Marine Engineering Co. Ltd in South Korea for the delivery of identical drilling equipment packages for Odebrecht's two new drillships

Posco promotes zero-nickel stainless

Posco, the largest steelmaker in South Korea, has developed a new stainless steel, graded POS445NF.

SS 200 increase planned

Yieh has reported that Jindal Stainless Ltd is looking forward to opening the stainless steel market in South Korea and that a branch office will be set up soon in order to enhance the service.