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DP Policy Chief Says ‘No Budget’ for Oil Exploration Project without Data

DP Policy Chief Says ‘No Budget’ for Oil Exploration Project without Data

SEOUL, Jun. 11 (Korea Bizwire) — The chief policymaker of the main opposition Democratic Party said Tuesday no extra budget should be allowed for a project for potential offshore oil and gas reserves in the East Sea unless relevant data is submitted. The remark came amid growing controversies surrounding Act-Geo, the U.S. geoscience firm that [...]

Brunswick Exploration Announces Start of 2021 Exploration Campaign

Brunswick Exploration Announces Start of 2021 Exploration Campaign

MONTREAL, April 20 (Korea Bizwire) – Brunswick Exploration Inc. (“BRW” or the “Company”) is pleased to announce the start of its 2021 exploration programs across its portfolio of projects in Quebec and New Brunswick, Canada. New Brunswick Fundy Gold (Gold-Silver-Copper): BRW has assembled a field team of experienced prospectors to further investigate the very encouraging gold-in-soil anomalies, including [...]

Korea’s Only Geophysical Survey Vessel Prepped for New Missions

Korea’s Only Geophysical Survey Vessel Prepped for New Missions

POHANG, Aug. 18 (Korea Bizwire) – Tamhae II is Korea’s only geophysical survey vessel. It was built in 1996, and has since engaged in various domestic and international exploration missions for underwater resources like petroleum and gas hydrate. Its other missions also included geological mapping of the ocean floor, and detecting risk factors for potential [...]

RV Araon Explore North Pole to Find Burning Ice

RV Araon Explore North Pole to Find Burning Ice

SEOUL, July 20 (Korea Bizwire) — The Ministry of Oceans and Fisheries announced that South Korea’s large icebreaker ‘RV Araon’ depart to North Pole on July 20 and be in exploration for 67 days across East Siberian Sea, Bering Sea, and Chukchi Sea. Particularly, RV Araon is exploring, for the first time as South Korean icebreaking research vessel, [...]