POSCO E&C will begin construction of "Marine Wind Power" that produces renewable energy using

POSCO E&C will build a 76.2 MW offshore wind farm in Gochang, South Korea, with a 297.4 billion won budget. Construction starts this month, and completion is targeted for August 2029. The project is expected to generate 146 GWh annually, powering 35,000 households and reducing 61,000 tons of greenhouse gases. POSCO E&C will use its specialty steel for durability and aims to create 11,800 jobs.

POSCO E&C begins constructing a 76.2-MW offshore wind farm in Gochang, South Korea, with a $203M budget and completion targeted for 2029. The project, using POSCO steel, aims to reduce emissions and create jobs, while supporting regional renewable energy demand. POSCO Group views this as a step into the offshore wind business, combining materials and construction expertise.

POSCO International completed a $700m expansion of its Gwangyang LNG terminal, adding 43% more storage capacity. The project includes new tanks and a berth for large LNG carriers. POSCO aims to make Gwangyang a major LNG hub and has a 20-year supply deal with Cheniere Energy.

Posco E&C starts constructing a 297.4 billion won offshore wind project in Gochang, South Korea, with completion expected by August 2029. The 76.2 MW project aims to generate 146 GWh annually, reducing greenhouse gas emissions by 61,000 tons and creating 11,800 jobs. Posco E&C will leverage Posco Group's steel expertise and its own construction capabilities for the project, aligning with the group's offshore wind energy strategy.

POSCO Future M (KR:003670) filed a prospectus for a KRW 200 billion public bond offering, comprising KRW 50 billion Series 24-1 and KRW 150 billion Series 24-2 unsecured bonds. The company cited risks related to EV battery demand, trade policies, competition, and raw material prices. It also detailed its supply chain efforts and battery technology developments.

U.S. upstream M&A reached $12.6B in Q3 2026, up from $11.5B in Q2, with notable deals involving Magnolia, Matador, and others. October saw additional large transactions, including EQT's $13.8B acquisition of Range Resources. Total 2026 deal value is $80.5B, surpassing 2025's total. High oil prices and international demand drove activity, with the Permian and Eagle Ford basins being key areas of focus.