Lee Kye-in, formerly president of Posco International, took office as CEO of the company, having been appointed to his new position during a board meeting at the company’s headquarters in Incheon on Monday. In his inaugural speech, Lee said, "As CEO of Posco Group's second-largest company, as well as a leading trading company, I will fulfill my responsibilities" to align with the company's new vision, "materials opening the future, innovation for the top class,&quo

Hyundai Motor Group said Monday that it has joined hands with Red Sea Global to implement eco-friendly future mobility to Saudi Arabia’s development project to open luxurious and pro-nature tourism resorts along the west coast of the Middle Eastern country. According to the announcement, the representatives of the Korean automaker and the Saudi Arabian megaproject signed a memorandum of understanding in Riyadh on Sunday. Red Sea Global, which is entirely owned by the Public Investment Fund

- CNOOC Limited Announced Its 2023 Annual Results HONG KONG, March 21, 2024 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announced today its 2023 annual results for the year ended December 31, 2023. Accelerating reserves and production growth, new records are set Improving quality and efficiency, effective cost control and strong profit continues  In 2023, despite the slowdown in global e

MELBOURNE, Australia, March 21, 2024 /PRNewswire/ -- Energy solutions company Aggreko, world leader in the supply of modular power, proudly announces its groundbreaking partnership with KPMG Australia Sail Grand Prix in Sydney, powering the event with an environmentally friendly approach utilising Hydrotreated Vegetable Oil (HVO) for the first time in Australia. This innovative solution has substantially reduced the carbon footprint of the event, marking a significant milestone in sustainable ev

RIYADH, Saudi Arabia, March 20, 2024 /PRNewswire/ -- Riyadh Air, Saudi Arabia's new world-class airline, has today announced it has joined the United Nations Global Compact (UNGC), the world's largest corporate sustainability initiative that promotes responsible business practices and the advancement of the Sustainable Development Goals (SDGs). In a letter to António Guterres UN Secretary General, Riyadh Air CEO Tony Douglas officially committed Riyadh Air to implementing the Ten

Co-Located with Oil & Gas Asia 2024 KUALA LUMPUR, Malaysia, March 18, 2024 /PRNewswire/ -- After its successful 2022 debut, the biennial Petrochemical Sustainability Conference (PSC) will be back on Sep 26 and 27 to engage regional stakeholders to navigate a low carbon future. Distinguished Guest at OGA & PSC 2024 Press Conference The two-day conference will be held alongside Oil & Gas Asia, the largest B2B oil and gas event in Southeast Asia, once again at the Kua

HONG KONG, March 18, 2024 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that the Company has made a major oilfield discovery of Qinhuangdao 27-3 in Bohai Sea, which adds over a hundred million tons of oil equivalent proved in-place volume. Qinhuangdao 27-3 Oilfield is located in the north-central waters of the Bohai Sea, with an average water depth of approximately 25 meters. The main oil

MOSCOW -- President Vladimir Putin won a record post-Soviet landslide in Russia's election on Sunday, cementing his already tight grip on power in a victory he said showed Moscow had been right to stand up to the West and send its troops into Ukraine. Putin, a former KGB lieutenant colonel who first rose to power in 1999, made it clear that the result should send a message to the West that its leaders will have to reckon with an emboldened Russia, whether in war or in peace, for many more y

First vessels to be delivered this year HOUSTON, March 18, 2024 /PRNewswire/ -- Today, Venture Global LNG announced the acquisition and construction of a new large fleet of LNG-powered vessels. Venture Global's fleet will include nine vessels, currently under construction in South Korea, that will be delivered starting later this year. Six vessels will have a cargo capacity of 174,000 m3 and three a cargo capacity of 200,000 m3. All nine ships will deploy best-in-class environmental and

Boasts Over 100 Billion Cubic Meters Capacity, Enhances Southwestern China's Clean Energy Supply BEIJING, March 14, 2024 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has announced that the West Sichuan Gas Field, Sinopec's third 100-billion-cubic-meter submarine natural gas field in the Sichuan basin, has been completed, marking another major milestone for its Project Deep Earth – Sichuan and Chongqing Natural Gas Base. The new gas fie

Industry Minister Ahn Duk-geun on Thursday asked petroleum companies to refrain from increasing the prices of their products amid lingering inflation and external uncertainties. The remark came as global oil prices continued to remain volatile due to the prolonged war between Russia and Ukraine, along with the geopolitical instability in the Middle East. "The government is prioritizing taming inflation as the top task for the economy and is currently utilizing all available measures to stab

SINGAPORE, March 13, 2024 /PRNewswire/ -- The 2024 Asia Pacific Maritime (APM 2024), a cornerstone event for the maritime sector, was held at Marina Bay Sands in Singapore from March 13-15. The gathering is recognized as the most influential maritime exhibition in the Asia-Pacific, drawing more than 1,500 exhibitors from 60 countries. Weichai was among the participants, challenging established marine engine brands with its latest innovations in marine propulsion and technological achievements. T

The upcoming Korea-Africa Summit in Seoul will increase cooperation with Korea and expand support for Africa's progress, according to Allou Wanyou Eugene Biti, Ivory Coast's ambassador to South Korea. “Ivory Coast holds significant influence in West Africa and across the entire continent,” said Biti, highlighting the importance of Korea's involvement in advancing the process to implement the African Continental Free Trade Area (AfCFTA) treaty. “Ivory Coast will

WASHINGTON (AP) — The Osprey, a workhorse aircraft vital to US military missions, has been approved to return to flight after an “unprecedented” part failure led to the deaths of eight service members in a crash in Japan in November, Naval Air Systems Command announced Friday. The crash was the second fatal accident in months and the fourth in two years. It quickly led to a rare fleet-wide grounding of hundreds of Ospreys across the Marine Corps, Air Force and Navy. Befor

HONG KONG, March 8, 2024 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that the Company has made a major oilfield discovery of Kaiping South in the deep-water deep-play of the South China Sea, which adds over a hundred million tons of oil equivalent proved in-place volume. The Kaiping South Oilfield is located in the eastern South China Sea, with an average water depth of approximately 500 met