SEOUL, Sep. 22 (Korea Bizwire) – Seoul is aggressively seeking to carry out continental shelf drilling to secure additional gas fields. On the basis of its successful gas field operation in the East Sea, the Ministry of Trade, Industry and Energy (MTIE) has decided to drill up to nine more holes at three continental shelves [...]
SEOUL, Sep. 20 (Korea Bizwire) – The chemical and electronic materials unit of Samsung SDI said on September 18 that it took part in the “100% Design” exhibition held in London for four days between September 17 and 20. The company showcases a variety of artificial marble items under the brand name “Staron,” including a [...]
SEOUL, Sept. 19 (Korea Bizwire) – Only two days after an announcement that it won a super large-scale liquefied petroleum gas carrier order, Daewoo Shipbuilding & Marine Engineering said on September 18 that it landed another deal to build an environmentally friendly liquefied natural gas carrier equipped with a high-pressure fuel supply device. The company’s president Koh Jae-ho [...]
SEOUL, Sep. 18 (Korea Bizwire) – Korean-made energy storage system (ESS) has been installed in a substation in northern Germany. Samsung SDI said on September 17 that Wemag AG, a northern German utility, held on the 16th a completion ceremony for its battery park at a substation in Schwerin, in the state of Mecklenburg-Vorpommern, with dignitaries including [...]
SEOUL, Sep. 17 (Korea Bizwire) – Hyosung Group has won an international certification on its 5-megawatt offshore wind power system. The group said on September 16 that it secured the B-type certification on the 5-magawatt wind power generation system that it has developed and run experimentally from Germany’s DEWI Offshore and Certification Centre GmbH, a certification organization. Earlier [...]
SEOUL, Sep. 13 (Korea Bizwire) – Samsung Engineering has won a refinery plant design project from Petróleos Mexicanos, which translates to Mexican Petroleums, a Mexican state-owned oil company. According to the CEO of Pemex, it will invest a total of $5.5 billion in various large-scale industrial projects which include plant upgrades, gas pipeline expanding, building a [...]
Calif., Sept. 10 (Korea Bizwire) — Energy Recovery Inc. (Nasdaq:ERII), the leader in capturing reusable energy from industrial fluid flows and pressure cycles, today announced that effective immediately, it has terminated the employment relationship with its Senior Vice President of Sales, Borja Sanchez-Blanco, for cause. The Company recently became aware that Mr. Blanco had breached [...]
Enables Energy Trading Desks at Producers, Marketers and Financial Services Firms of Companies to Monitor Trading, Detect and Document Market Abuse and Protect Against Manipulation NEW YORK, Sept. 10 (Korea Bizwire) — The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ), the world’s leading provider of market technology, today announced the launch of its SMARTS Surveillance for Energy. [...]
SEOUL, Sep. 4 (Korea Bizwire) – The Korea Electric Power Corporation (KEPCO) knuckles down to turning 64 islands among 180 islands in Korea into archipelagos of creating self-reliance energy. In these islands populated by hundreds to thousands residents, diesel generators have produced electricity. Since demand for it is much less than cities, the cost of electricity [...]
SEOUL, Sep. 2 (Korea Bizwire) – Hyundai Oilbank, a Korean petroleum and refinery company, announced on August 31 that it partnered with the United Nations Environment Program National Committee for the Republic of Korea (UNEP Korea) to hold the “2014 Focus on Your World” award for the environment photograph contest at Sejong Center on the 31st. [...]