S-Oil will begin supplying domestically produced sustainable aviation fuel to Korean Air’s flights between Incheon International Airport and Tokyo’s Haneda Airport once a week, the company said Sunday, becoming the first refiner in South Korea to provide SAF for regular international passenger flights departing from a local airport. The first SAF-fueled flight took off last Friday, celebrated at a ceremony attended by key figures such as Minister of Trade, Industry and Energy Ahn Duk

WASHINGTON -- Three senators from Rust Belt states have called on the US government to reduce the import quota for South Korean metal products used in the production of oil and gas, saying the reduced demand and high levels of Korean imports are affecting American companies and workers. Senators Sherrod Brown (D-OH), Bob Casey (D-PA), and John Fetterman (D-PA) wrote a letter to Commerce Secretary Gina Raimondo and US Trade Representative Katherine Tai on Thursday, taking issue with the quota f

HD Hyundai Oilbank, one of the nation’s top refiners, is ramping up research and development efforts to spur growth as a sustainable energy company. Based on its business know-how accumulated in its core refinery and petrochemical businesses, the company is making a strategic shift to boost its new growth drivers, including eco-friendly chemicals, materials and energy infrastructure. Back in 2011, HD Hyundai Oilbank established a central technology institute by integrating R&D teams na

Incheon International Airport Corporation held a commemorative event Friday to mark the commencement of commercial operations of sustainable aviation fuel at its second passenger terminal. The event, attended by government officials, aviation industry leaders and representatives from oil refineries, was led by the Trade Ministry and Transport Ministry. Lee Hag-jae (right), president and CEO of Incheon International Airport Corp., emphasized the company's commitment to demonstrating "ec

CHONBURI, Thailand, Aug. 30, 2024 /PRNewswire/ -- TotalEnergies ENEOS celebrated the successful installation of two solar rooftop systems totaling 2 megawatt-peak (MWp) at NTN Corporation (NTN) and NTPT Company Limited's (NTPT) prominent plants in the Pinthong industrial area, Chonburi Province, Thailand. With about 3,450 modules installed, the solar PV systems will generate approximately 2,700 megawatt-hours (MWh) of renewable electricity annually and powering approximately 15% of

Grand Hyatt Seoul collaborates with Valrhona Grand Hyatt Seoul, located in Yongsan-gu, central Seoul, is scheduled to offer a new afternoon tea promotion featuring various chocolates at Gallery, its lobby lounge cafe, from Sept. 2 to Nov. 30. The collaboration with French premium chocolate brand Valrhona offers desserts created from recipes by pastry chef Guillaume Lopvet, allowing hotel’s guests to enjoy a gastronomic journey featuring seasonal fruits and Valrhona chocolate. The main afte

CHANGSHA, China, Aug. 29, 2024 /PRNewswire/ -- Zoomlion Heavy Industry Science & Technology Co., Ltd. ("Zoomlion", 01157.HK) has delivered the first unit of fully autonomous skid-mounted hydrogen refueling station to the hydrogen heavy truck project by China Huadian Corporation Ltd. in the Inner Mongolia Autonomous Region, marking an important breakthrough in the field of hydrogen energy equipment manufacturing and advancing the development of hydrogen energy transportation.

BAKU, Azerbaijan -- Driving just a few miles from the venue of this year’s global climate conference in Baku, Azerbaijan, a transformation is taking place. Once known as the Black City, from all the soot created in the 19th century from pumping and refining oil, it claims the dubious honor of being the world's oldest oil town. Having the world’s first-ever mechanically drilled oil well in 1846, the country at one point provided more than half of the world's oil. Having fu

SINGAPORE, Aug. 29, 2024 /PRNewswire/ -- Musim Mas is proud to announce its inaugural Sustainability-Linked Revolving Credit Facility, marking a significant step in its commitment to sustainable business practices. Partnering with Rabobank as sustainability coordinator and HSBC as other lender, the Musim Mas Group's marketing arm, Inter-Continental Oils & Fats Pte. Ltd., and its Spain and Italy Biofuel entities will convert its EUR 150 million uncommitted Revolving Credit Facility (RCF) into

South Korean shares dropped more than 1 percent after opening Thursday, taking a cue from Wall Street losses prompted by an underwhelming earnings result by global artificial intelligence chip giant Nvidia. The benchmark Korea Composite Stock Price Index (Kospi) fell 31.62 points, or 1.18 percent, to 2,658.21 in the first 15 minutes of trading. Overnight in the United States, the Dow Jones Industrial Average fell 0.39 percent, with the S&P 500 losing 0.6 percent. The tech-heavy Nasdaq compos

HONG KONG, Aug. 28, 2024 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announced today its 2024 interim results. Making solid progress in reserves and production growth, net production increases by 9.3% year-on-year ("YoY") Sustaining effective control over all-in cost, net profit attributable to equity shareholders reaches RMB79.7billion Actively returning to shareholders, HK$0.74 per share

South Korean shares closed almost flat Wednesday ahead of US tech giant Nvidia's closely watched earnings announcement. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index gained 0.58 points, or 0.02 percent, to close at 2,689.83. Trade volume was moderate at 276.4 million shares worth 10.4 trillion won ($7.77 billion). Losers, however, outnumbered winners 625 to 260. Institutions sold a net 33.9 billion won worth of shares, while individuals and f

SHANGHAI, Aug. 27, 2024 /PRNewswire/ -- Recently, Ajisen Ramen has been awarded the prestigious certification of World's No.1 Brand of noodle restaurant, measured in terms of the number of directly operated stores by Euromonitor, affirming the brand's superior quality and broad international presence. 50+ Years of Making Pork Bone Soup: Ajisen Ramen's Global Appeal Soars in 120 Cities In the 1960s, Takaharu Shigemitsu opened the first Ajisen Ramen store with the aim of bringin

Korean shipbuilding and offshore company Hanwha Ocean said Tuesday that it has secured some $5.07 billion in orders in the first half of this year with a strategic focus on high-value vessels such as LNG carriers. Under the contracts, Hanwha will build 26 high value-added ships – 16 LNG ships, two very large ammonia carriers (VLAC), one very large gas carrier (VLGC) and 7 very large crude oil carriers (VLCC) – scoring the highest contract amount in the merchant ship sector among dome

As Frieze Seoul approaches, galleries are bustling with activity as they prepare to showcase their works to art enthusiasts at the annual art fair, which runs from September 4 to 7 this year. The nation's art scene is entering festive mode, with many exhibitions slated to open at the end of August. Notable examples of galleries embracing this celebratory atmosphere with their exhibitions, include Gallery Baton and Lehmann Maupin in Hannam-dong and Tang Contemporary Art Seoul in Gangnam. Dok