South Korea

South Korea's state-owned oil company Korea National Oil Corporation (KNOC) has launched an ambitious investment programme to boost its overseas output capacity.

China National Petroleum Corporation (CNPC) and South Korea's Daewoo International have signed a Memorandum of Understanding (MoU) to jointly explore for oil and gas in Myanmar.... 2008-05-30

Australian producer Woodside Petroleum is to invest US$20mn in exploration offshore South Korea, according to a statement by the Korean energy ministry.

Russian gas monopoly Gazprom has extended a supply deal with Korea Gas until 2013.

A South Korean consortium led by state-controlled Korea National Oil Corporation (KNOC) has acquired a 27% stake in Kazakhstan's offshore Zhambyl oil block from Kazakhstan's KazMunaiGaz... 2008-05-16

South Korea and the US have signed a statement of intent (SoI) calling for co-operation in the development and commercialisation of gas hydrates deposits. The agreement, signed by... 2008-04-21

The government of South Korea has announced that it is aiming to acquire 3.2bn barrels (bbl) of overseas oil and gas reserves in 2008. Faced with a high and rising import bill, South... 2008-03-18

A South Korean consortium has purchased exploration rights for four gas fields in the Gulf of Mexico (GoM) for US$195mn.

Korea Gas Corporation (Kogas) is expected to sign a preliminary deal on February 25 to set up a joint venture (JV) with Uzbekistan's Uzbekneftegaz that will develop a major gas... 2008-02-22

Oman has signed a Memorandum of Understanding (MoU) with South Korea to supply a further 2.76bn cubic metres (bcm) of liquefied natural gas (LNG) per annum from 2008. Under the terms... 2007-10-31