Tag: Asia Pacific

An estimated 19 GW of new offshore capacity is expected to be added in Asia Pacific excluding China (APeC) over the next 10 years, making it a key region for global offshore wind, according to Wood Mackenzie, that noted however that the success of future offshore wind in the area will depend on costs coming down.

Geospaces company, Shearwater, was awarded with the largest ever 4-D seismic campaign in the Asia Pacific region, which covers six fields operated by Woodside in Australia.The campaign will commence in the 4Q of 2019 and covers new 4D acquisition over the Pluto, Brunello, Laverda, Cimatti, and Vincent fields with an option for one additional field.

UNCTAD issued its Asia-Pacific Trade and Investment Report 2019 highlighting that these tariffs affect the 58% of trade in Asia-Pacific trade, adding that the non-tariff measures (NTMs) have significantly increased in the past two decades.

Greek Piraeus Bank announced it is exploring a potential strategic partnership opportunity with a major Asian Pacific financial conglomerate operating globally, to provide financing solutions to Greek shipping companies. This initiative forms part of its commitment to the shipping community, the Bank said.

Israeli shipping firm Zim Integrated Shipping Services (ZIM) announced a further expansion of its Strategic Cooperation with the members of the 2M Alliance, Danish Maersk and Geneva-based MSC, to the Asia - US Gulf Trade. 

Renewable energy investment in Asia excluding China will overtake spending on upstream oil and gas projects in the region as soon as next year, with contributions from Australia and other Asian countries such as Vietnam, Taiwan and South Korea, according to Rystad Energy.