Pacifico Energy Korea has signed a memorandum of understanding with EEW KHPC, KMC Line and CS Energy to support the development of a local supply chain for the 3.2 GW Jindo Offshore Wind Project Cluster in South Korea.
With a 435-metre quay and a minimum water depth of 10.3 metres, the Port of Oskarshamn is ideally suited to accommodate all relevant vessels and facilitate efficient ship-to-ship cable transfers.
It is highly unlikely that OPEC and other oil producers would set up a joint structure due to the additional red tape it would create as well as the risk of U.S.
In its latest annual report on the world's oil market outlook, OPEC has lowered its prediction for non-compliance with the IMO 2020 fuel sulfur content regulation.
South Korea has emerged as a major importer of U.S. energy resources amid the Donald Trump administration’s strong push for resource exports such as LNG.
Tighter global shipping pollution regulations from 2020 will lead to a temporary surge in oil demand while denting the oil revenues of producers of heavy or high sulfur crudes
