South Korea

Korea National Oil Corporation (KNOC) has signed a deal with 13 other South Korean companies to collaborate in developing oil sands blocks in Alberta, Canada.

South Korea is aiming to acquire 17bn barrels of oil and gas reserves overseas in an attempt to secure supplies to meet growing demand. At present South Korea holds stakes in 14bn... 2007-02-21

Korea National Oil Company (KNOC) has announced the discovery of a major oil field in the Wakam Block offshore Papua province in Indonesia. The field, which KNOC has said contains... 2007-02-15

Woodside Petroleum , Australia's largest oil and gas producer, has won a breakthrough deal to explore for oil offshore South Korea.

International oil companies (IOCs) seeking to explore for oil and gas offshore Uzbekistan have signed a final protocol to bring a production-sharing agreement (PSA) made on August... 2007-01-31

South Korea is on the brink of making its largest overseas investment ever with the US$2bn acquisition of a producing oilfield in the US, according to

The South Korean authorities are taking new measures to rein in the won, after it rose by 9% against the US dollar in 2006, making it the second-best performing currency in Asia after... 2007-01-04

Reuters reported at the end of December that South Korea intends to invest up to KRW355bn (US$381mn) securing foreign energy reserves in 2007, over double the KRW165bn allocated... 2007-01-02

In an attempt to meet rising domestic demand and growing regional competition for liquefied natural gas (LNG), South Korea has approached Australia to try to secure long term supplies... 2006-12-06

Korea National Oil Corporation (KNOC) and state-controlled Petrovietnam have started producing natural gas from Block 11.2 offshore Vietnam. The US$300mn block covers two gas condensate... 2006-11-20