SK Corp. Company News

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Infected US Shale Oil Rejected by Asian Buyers
Wednesday, March 27, 2019Crude shipments are being turned away due to quality issues.

Chevron Inks Gorgon LNG Supply Agreement with SK LNG Trading
Wednesday, January 21, 2015Chevron inks agreement to supply 4.15 million tons of liquefied natural gas from the Gorgon project offshore Western Australia to SK LNG Trading.

Peru to Sign 20 Hydrocarbon Exploration Contracts in '10
Monday, December 28, 2009Peru's mining ministry is set to sign 20 new hydrocarbon exploration contracts in 2010, said state newspaper El Peruano Monday.

Yellow Lion Field Fires Up Production Offshore Vietnam
Monday, October 27, 2008CLJOC has commenced oil production from the Su Tu Vang (Yellow Lion) field located in Block 15-1 offshore Vietnam.

South Korean Oil Cos. Make Move on Gulf of Mexico
Thursday, February 28, 2008Drilling is scheduled to begin in the second-half of the year. Completion of exploration is expected February 2018.

Total Farms into Offshore Block in Vietnam
Monday, August 20, 2007Total has received approval from the Vietnamese government to acquire a 35% interest in the production sharing contract for offshore exploration Block 15-1/05, alongside PetroVietnam and SK Corporation.

Devon Begins Production at Polvo Field Offshore Brazil
Monday, July 30, 2007Devon Energy has commenced production from its Polvo oil field in Brazil. The development of the discovery was a significant engineering project carried out efficiently within a rapid three-year discovery-to-production cycle time.

Peru Government Awards 13 New Oil and Gas Blocks
Thursday, July 12, 2007Peru awarded 13 new oil and gas blocks Thursday to nine different bidders in a process lauded by company and government representatives.

Peru Oil, Gas Blocks Auction Draws Interest from 14 Companies
Monday, July 09, 2007A total of 14 bidders presented technical and economic bids Monday for 19 oil and gas blocks that the Peruvian government is promoting in different parts of the country.

Peru Okays $3.8B LNG Project's Main Pipeline
Monday, June 18, 2007Peru's energy and mines ministry has authorized the Peru LNG consortium to install and operate the principal pipeline of its US$3.8bn LNG export project.

Nautical Reports Smaller Loss, More Cash in the Bank
Monday, March 26, 2007Nautical Petroleum plc on Monday announced its interim results for the six-month period to December 31, 2006.

SK Corp, Taiwan's CPC Mull Stake in CNOOC's Kenya Oil Block
Thursday, March 15, 2007South Korea's SK Corp. and Taiwan's CPC Corp. are looking at taking stakes in oil exploration blocks in Kenya awarded to China's CNOOC Ltd. last year.

SK Corp. & PetroVietnam to Participate in Block 15-1/05 Offshore Vietnam
Monday, February 12, 2007SK Corp. is participating in a new and highly prospective exploration project in Vietnam. The company has acquired a 25% interest in the Vietnam 15-1/05 offshore exploration block under a PSC with PetroVietnam.

CB&I Wins LNG Liquefaction Project in Peru
Tuesday, January 23, 2007CB&I has been awarded a contract by Peru LNG S.R.L. for the engineering, procurement, fabrication, construction, and commissioning of a liquefied natural gas (LNG) liquefaction plant in Pampa Malchorita, Peru.

Hunt-led Consortium Launches Peru LNG Project
Monday, January 22, 2007The Peru LNG project officially launched today by awarding to Chicago Bridge & Iron Company N.V. (CB&I) the engineering, procurement and construction (EPC) contract for a natural gas liquefaction plant valued in excess of US$1.5 billion.

Camisea Operator to Invest $85M in Pipelines
Thursday, December 14, 2006Transportadora de Gas del Peru, or TGP, the company running Peru's Camisea natural gas and liquids pipelines, will invest $85 million in its pipeline system in 2007, the company's general manager said Thursday.

Nautical Secures Two Rig Slots
Tuesday, November 21, 2006Nautical Petroleum plc, which specializes in developing heavy oil assets in the UK and Europe, reported that it has secured two drilling rig slots from The Peak Group in mid-2007.

Camisea Transport Audit Awarded to Germanischer for US$1.9mn
Thursday, September 14, 2006Peru has awarded the audit contract for the Camisea natural gas and natural gas liquids transport system's construction quality to the Mexican unit of German industrial services company Germanischer Lloyd for US$1.9mn.

Nautical Petroleum & SK Extend Farm-out Deadline
Friday, September 08, 2006Nautical Petroleum and SK Corporation have mutually agreed to extend the completion deadline of the multi-license farm-out agreements to September 29, 2006.

Peru Camisea Contract Talks to Wrap Up Soon
Monday, September 04, 2006Contract talks between government officials and representatives from the consortia developing the Camisea natural gas project could be wrapped up early this week, Pluspetrol Peru Corp.'s general manager, Norberto Benito, said Monday.

BG Group Enters Madagascar with Farm-in Agreement
Thursday, June 15, 2006BG Group has acquired a 30 percent interest in the Majunga Offshore Profond exploration block in Madagascar under a farm-in agreement with Vanco Madagascar Limited. This agreement marks BG's entry into the country.

Nautical Petroleum and SK Corp Ink Farmout Agreement
Monday, June 12, 2006Nautical Petroleum has concluded comprehensive multi-license farm-out agreements with SK Corporation of South Korea. The agreements cover a selection of North Sea heavy oil prospects in the extensive Nautical portfolio of UKCS license interests.

Drilling Slated to Begin Saturday at Peru's Gas Block 56
Wednesday, May 17, 2006Drilling is slated to begin Saturday at Peru's natural gas Block 56, Pluspetrol Peru Corp.'s general manager Norberto Benito said Tuesday.

Exec: IDB Could Decide Camisea II Loan Amount in September
Monday, May 15, 2006The Inter-American Development Bank (IDB) could decide in September the amount of the loan it may provide to finance the second stage of the Camisea project, Camisea II, local press quoted consortium Peru LNG president Carlos del Solar as saying.

Ministry Set to Launch Camisea Audit Tender After 5th Spill
Thursday, March 09, 2006Peru's energy regulator Osinerg has completed preparing the bidding rules for an audit of the construction of the Camisea pipeline project and will call for bids in coming weeks.

Devon Energy Estimates Campos Basin Oil Reserves at 850Mb
Friday, February 10, 2006Devon Energy estimates total crude reserves could reach 850 million barrels (Mb) in two offshore blocks in Brazil's Campos basin, where it plans to start drilling exploration wells soon.

Peru LNG Holds Official Signing and Site Dedication with President Toledo
Thursday, January 12, 2006Peru LNG announced that a ceremony was held today at Pampa Melchorita with special guests President Alejandro Toledo of Peru; for the purpose of dedicating the Liquefied Natural Gas Plant construction site and signing the Investment Agreement.

Osinerg Could Sanction TGP Over Pipeline Spills in Peru
Tuesday, December 13, 2005Peru's energy regulator Osinerg will hire an international consulting firm to carry out an emergency review of the Camisea project's natural gas liquids (NGLs) pipeline operated by TGP after four spills in the past 15 months.

SK Corp. Earns Operation Rights to Begin US Oil Exploration
Friday, October 28, 2005SK Corp. has earned the rights to commence oil exploration in the US. SK acquired a 70% share through its US-based corporation, SK E&P Company, which grants SK Corp. the administrative rights to carry out oil exploration in Iberia North in Louisiana.

Yemen LNG Development Launched
Monday, August 29, 2005The government of Yemen has approved the development plan for the Yemen LNG liquefied natural gas project. The shareholders in Yemen LNG will build a liquefaction plant in the port of Balhaf on the southern coast of Yemen.

SK Spearheads Overseas Oil Projects
Tuesday, January 11, 2005SK Corp., South Korea's biggest oil refiner, will firm up overseas projects for oil exploration and production this year as part of efforts to achieve its goal of becoming a dominant energy giant producing 100,000 barrels of oil abroad a day by 2010.

Marathon & SK Corp. Make Gas Discovery Offshore West Africa
Thursday, September 23, 2004Marathon Oil and SK Corp. have made a natural gas discovery offshore Equatorial Guinea, SK Corp. said yesterday.

Camisea Consortium to Invest US$500mn in Block 56
Tuesday, July 06, 2004Pluspetrol and its partners in the upstream Camisea natural gas project plan to invest US$500mn to explore and develop block 56 in the Amazon region.

Two Korean Companies Select Tangguh LNG
Thursday, August 14, 2003BP revealed that the Tangguh liquefied natural gas (LNG) project in Indonesia has been selected as the preferred supplier of LNG to two South Korean companies.

Santos Acquires Interests in 3 Permits Offshore Australia
Monday, July 21, 2003Santos Limited has acquired interests in three exploration license areas in the offshore waters of Western Australia and will invest approximately A$4 million in new exploration.

Armed Group kidnaps 60 Techint Workers
Wednesday, June 11, 2003A group of 60 workers hired by Techint to build the Camisea natural gas pipeline in southeastern Peru were kidnapped Monday by a group of "armed criminals," Peru's ministry of defense said in a statement.