S-Oil Corp

Type: Company
Name: S-Oil Corp
Nationality: South Korea
Web Address: http://www.s-oil.com/
Fact Sheet: Fact Sheet for S-Oil Corp
First reported Sep 30 2014 - Updated Sep 30 2014 - 1 reports

South Korea Refiners Turn to Spot Bunker Market to Top Up Low Production Levels

Oilbank and S-Oil have been forced to cut run rates in the face of weak demand and diesel fuel oversupply.In a bid to offset lower production volumes, South Korea's two smallest refiners, Hyundai Oilbank and S-Oil Corporation , have bought spot bunker ... [Published Ship & Bunker - Sep 30 2014]
First reported Sep 29 2014 - Updated Sep 29 2014 - 1 reports

Profits from lube aid refiners

Profits from robust lubricant oil sales helped offset steep refining losses at South Korea's top three oil refiners in the first half, but planned production hikes later this year threaten to erode margins and sever their earnings lifeline.Korean refiners ... [Published HispanicBusiness.com - Sep 29 2014]
First reported Sep 28 2014 - Updated Sep 28 2014 - 1 reports

S-Oil cheers for Saudi Arabia in Asian Games

S-Oil, a leading refinery in Korea, joined the cheering squad rooting for the Saudi Arabian soccer team during the 2014 Asian Games.On Friday, the firm’s executives and employees waved Saudi Arabia’s national flag and shouted the names of each player ... [Published Korea Herald - Sep 28 2014]
First reported Sep 26 2014 - Updated Sep 26 2014 - 1 reports

Motor oil competition heats up among refiners

Hankook Shell Oil Representative Director Kang Gin-won speaks during a press conference marking the launch of its motor oil "Shell Helix Ultra" at the Chosun Hotel, Seoul, Friday. / Courtesy of Hankook Shell OilBy Park Ji-wonHyundai Oilbank became the ... [Published Korea Times - Sep 26 2014]
First reported Sep 25 2014 - Updated Sep 25 2014 - 1 reports

Joint venture completes lubricant base oil plant

Hyundai Oilbank, Korea’s fourth-largest refiner, said yesterday it has completed a lubricant base oil plant with Shell Petroleum, an affiliate of Royal Dutch Shell Group, in Daesan, South Chungcheong, and began commercial operations.As a result, Korea’s ... [Published Korea Joongang Daily - Sep 25 2014]
First reported Sep 23 2014 - Updated Sep 23 2014 - 1 reports

South Korea's Oilbank, S-Oil buy relatively rare spot fuel oil

2:08pm ISTSINGAPORE, Sept 23 (Reuters) - South Korea's two smallestrefiners have, in a relatively rare move, bought spot bunkerfuel oil cargoes to top up lower production due to refinery runrate cuts and higher production of asphalt, trade sources sa ... [Published Reuters India - Sep 23 2014]
First reported Sep 23 2014 - Updated Sep 23 2014 - 1 reports

S.Korean refiners may see lube oil lifeline slip away

* Profits from lube business plug gaping hole from refining* Capacity increase may bite lube margins in late 2014By Meeyoung Cho and Chris LeeSEOUL, Sept 23 (Reuters) - Profits from robust lubricant oil sales helped offset steep refining losses at South ... [Published London South East - Sep 23 2014]
First reported Sep 22 2014 - Updated Sep 22 2014 - 1 reports

India’s Tata Consultancy Services takes top spot in Asia's first sustainability rankings

India’s Tata Consultancy Services has been ranked number one in the inaugural Channel NewsAsia Sustainability Ranking.The aim of the rankings is to spotlight Asian businesses that are doing well in corporate sustainability and spur others to re-examine ... [Published 2Degrees - Sep 22 2014]
First reported Sep 15 2014 - Updated Sep 15 2014 - 1 reports

S. Korea: Oil refiners seek imports from outside Mideast

In the oil industry, all eyes will be on the tanker BW Zambesi this morning when the ship arrives at Yeosu Port in South Jeolla for Korea’s second-largest refiner GS Caltex.The vessel is carrying about 400,000 barrels of condensate from Texas, a volume ... [Published Bunker Ports News Worldwide - Sep 15 2014]
First reported Sep 11 2014 - Updated Sep 11 2014 - 1 reports

Oil refiners seek imports from outside Mideast

In the oil industry, all eyes will be on the tanker BW Zambesi this morning when the ship arrives at Yeosu Port in South Jeolla for Korea’s second-largest refiner GS Caltex.The vessel is carrying about 400,000 barrels of condensate from Texas, a volume ... [Published Korea Joongang Daily - Sep 11 2014]
First reported Aug 29 2014 - Updated Aug 29 2014 - 1 reports

S-Oil donates nearly $200,000 to children of fallen firefighters

S-Oil, Korea’s third-largest refiner, said yesterday it donated 200 million won ($197,300) to 78 students who are the children of firefighters who died on the job or retired with disabilities.The company said that it held a ceremony for “Children of Fallen ... [Published Korea Joongang Daily - Aug 29 2014]
Entities: S-Oil Corp, Donations, Seoul
First reported Aug 24 2014 - Updated Aug 25 2014 - 2 reports

Hyundai OilBank Posts Postive Operating Profit during 1H

The first-half financial results of Korea's top-four oil refiners were proportional to the degree of diversification in their crude oil sources. Hyundai OilBank, the only refiner with a positive operating profit for the first six months of the year, could ... [Published The Korea Economic Daily - Aug 25 2014]

Quotes

"Oilbank doesn't produce fuel oil nowadays. Theoretically, all the fuel oil from the CDU (crude distillation unit) is used as feedstock for their secondary units" one source said
...refining losses at South Korea's top three refiners despite making up only six per cent of sales, helping them weather a refining industry downturn. "Refineries are experiencing many losses when it comes to refining ... they're passably making a profit in lubricants and chemicals. The lubricant market isn't doing well like it was back in 2011 but it's still basically an oligopoly market" said Yeon-ju Park, an analyst at KDB Daewoo Securities...
"Local refiners are looking everywhere, from Africa to North and Latin America, where they haven't imported much oil from, in order to diversify" he said. "Local companies are even looking as far as Russia."

More Content

All (29) | News (24) | Reports (0) | Blogs (3) | Audio/Video (0) | Fact Sheets (2) | Press Releases (0)
sort by: Date | Relevance
South Korea Refiners Turn to Spot Bunker Market... [Published Ship & Bunker - Sep 30 2014]
Profits from lube aid refiners [Published HispanicBusiness.com - Sep 29 2014]
S.Korean refiners look to diversify, may take m... [Published CNBC - Sep 29 2014]
S-Oil cheers for Saudi Arabia in Asian Games [Published Korea Herald - Sep 28 2014]
Motor oil competition heats up among refiners [Published Korea Times - Sep 26 2014]
Hyundai OilBank to Enter Lubricant Base Oil Market [Published The Korea Economic Daily - Sep 26 2014]
Joint venture completes lubricant base oil plant [Published Korea Joongang Daily - Sep 25 2014]
South Korea's Oilbank, S-Oil buy relatively rar... [Published Reuters India - Sep 23 2014]
S.Korean refiners may see lube oil lifeline sli... [Published London South East - Sep 23 2014]
India’s Tata Consultancy Services takes top spo... [Published 2Degrees - Sep 22 2014]
Not all boats rising in S. Korea’s shipping bus... [Published Hellenic Shipping News Worldwide - Sep 15 2014]
S. Korea: Oil refiners seek imports from outsid... [Published Bunker Ports News Worldwide - Sep 15 2014]
Oil refiners seek imports from outside Mideast [Published Korea Joongang Daily - Sep 11 2014]
[Special series - part IV] Chemical industry su... [Published Hani.co.kr - Sep 08 2014]
[Special series - part III] Not all boats risin... [Published Hani.co.kr - Sep 07 2014]
S-Oil donates nearly $200,000 to children of fa... [Published Korea Joongang Daily - Aug 29 2014]
Asian paraxylene ACP buyers make counterbids at... [Published Platts - Aug 28 2014]
Hyundai OilBank Posts Postive Operating Profit ... [Published The Korea Economic Daily - Aug 25 2014]
Hyundai Oilbank posts H1 profit, others fall [Published Korea Herald - Aug 24 2014]
Arctic Ice Melt Seen Freeing Way for South Kore... [Published MaritimeSecurity.Asia - Jul 22 2014]
Aramco unit ups stake in S-Oil in $1.95b deal [Published Saudi Gazette - Economy - Jul 02 2014]
Korean Air Unit to Sell Refiner Stake [Published WSJ.com: What's News US - Jul 02 2014]
Tax Relief – Country: KoreaSecurity: S-OIL Com ... [Published DTCC - Jun 19 2014]
Markets remain “volatile and challenging&... [Published Chemicals & The Economy - May 28 2014]
S-Oil to spend US$7.5bn on plant upgrades [Published TCE Today - Mar 03 2014]
South Korea’s S-Oil buys land for oil ref... [Published The Malaysian Insider - Feb 18 2014]
South Korea’s S-Oil buys land for oil ref... [Published The Malaysian Insider :: Business - Feb 18 2014]
Fact Sheet for S-Oil Corp [Published Silobreaker - Jul 04 2008]
Fact Sheet for Far East Holdings Bhd [Published Able2Act - May 27 2008]
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Blogs

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Arctic Ice Melt Seen Freeing Way for South Kore... [Published MaritimeSecurity.Asia - Jul 22 2014]
Stena Poseidon, image: Stena By Ann Koh and Heesu Lee, July 23 (Bloomberg) — Melting Arctic ice is widening a path for ships to deliver European oil to Asia, stoking South Korea’s ambition to become a regional storage and trading hub. The country, ...
Markets remain “volatile and challenging&... [Published Chemicals & The Economy - May 28 2014]
Nothing has really changed over the past year.  That seems to be the key conclusion from the blog’s quarterly summary of company results for Q1. A year ago , BASF noted that “achieving our earnings target is significantly more challenging today ...
South Korea’s S-Oil buys land for oil ref... [Published The Malaysian Insider - Feb 18 2014]
South Korea's third-largest refiner, S-Oil Corp, has won a tender to buy land from state-run Korea National Oil Corp (KNOC) to build a refining and petrochemical facility worth at least 5 trillion won (RM15.4 billion).S-Oil paid 519 billion won for 92 ...
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