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The Canadian Oil Service Sector Supports the Emergence of New Canadian Geothermal Developers

The Canadian Oil Service Sector Supports the Emergence of New Canadian Geothermal Developers

CALGARY, Alberta, May 26 (Korea Bizwire) — At the end of April, The Canadian Association of Oilwell Drilling Contractors (CAODC), Clean Energy Canada and the Petroleum Services Association of Canada (PSAC) joined together to establish an alliance with the existing geothermal industry participants to promote Canadian geothermal development and to create jobs for displaced oil [...]

Government and Petrochemical Firms at Odds on the ‘Hydrogen Dream’ in S. Korea

Government and Petrochemical Firms at Odds on the ‘Hydrogen Dream’ in S. Korea

SEOUL, Mar. 4 (Korea Bizwire) — The ‘Roadmap for Stimulating the Hydrogen Economy’, announced by the South Korean government, is at the center of criticism for being unrealistic and based on false market analysis. By-product hydrogen, produced during petrochemical processing, is being seen as a new source of energy for eco-friendly vehicles. The volatile oil [...]

Gov’t Asks Petrochemical Firms to Diversify Portfolios Ahead of Industrial Slump

Gov’t Asks Petrochemical Firms to Diversify Portfolios Ahead of Industrial Slump

SEOUL, Jan. 8 (Korea Bizwire) — South Korea’s trade ministry on Tuesday urged South Korean petrochemical companies to diversify their portfolios to cope with the anticipated slump in the industry and overcome protectionism. The Ministry of Trade, Industry and Energy said the petrochemical industry is expected to experience a downturn after enjoying the previous three [...]

Sundance Energy Provides September 2018 Operational Update

Sundance Energy Provides September 2018 Operational Update

DENVER, Sept. 6 (Korea Bizwire) — Sundance Energy Australia Limited (ASX:SEA) (NASDAQ:SNDE) (“Sundance” or the “Company”), a U.S. onshore oil and gas exploration and production company focused in the Eagle Ford in South Texas, today provided an update regarding the Company’s recent development activities. Production Sundance brought 7 wells online in August, including 5 wells [...]

New Technology Makes Possible Extraction of Valuable Substance from Oil Residue

New Technology Makes Possible Extraction of Valuable Substance from Oil Residue

SEOUL, Sept. 5 (Korea Bizwire) — Local researchers have found a new way to produce synthetic graphite, a highly useful substance, from inexpensive petroleum. The Korea Research Institute of Chemical Technology (KRICT) announced yesterday that Dr. Im Ji-seon’s research team had developed technology that can produce “pitch” using oil residue for the first time in [...]