Asia remains the world’s largest and fastest expanding energy demand centre. Significantly, regional investments in the transition towards a cleaner energy system have maintained pace during the coronavirus pandemic.
Global energy consultancy Xodus Group has appointed a new late life and decommissioning lead in Asia-Pacific following a significant increase in activity in the region.
More than A$50 billion ($40.5 billion) of necessary decommissioning work needs to be carried out on Australia’s offshore oil and gas infrastructure, over half of which must be started within the next ten years.
Goldman Sachs Group is exploring a sale of its majority stake in Japan Renewable Energy Corp. that could raise about $2.5 billion, according to people familiar with the matter.
The floating offshore wind power market in Asia Pacific could offer investment opportunities worth up to $58 billion as a significant market for the technology is emerging, latest research from Wood Mackenzie shows.
Australia, Japan and Vietnam are leading the shift to renewable energy in Asia Pacific, according to the latest research from IHS Markit. Significantly, coal and gas power plants are also being built at a brisk pace as part of the energy mix across the region.
Simec Atlantis Energy (SAE) has successfully installed its Scottish built tidal turbine and generation equipment in Japan.
Upstream merger and acquisitions (M&A) deals are expected to rebound in Asia Pacific this year after plunging to their lowest level this century in 2020, when the pandemic and collapse in oil and gas prices killed activity.
The Asia Pacific region offers plenty of opportunities for the UK’s subsea engineering sector, both in the traditional oil and gas business, as well as the rapidly expanding renewable energy industry, reckons Subsea UK.
Scottish firm Sulmara Subsea is making an expansion drive into the Asia-Pacific (APAC) with a new office in Singapore.
Wind engineering advisers Offshore Wind Consultants (OWC) has appointed Tom Whittle to its newly created role of Asia Pacific regional director.
A growing number of borrowers in Asia Pacific are getting loans whose interest rates are linked to meeting sustainability goals, in one of the few bright spots for a corporate lending market depressed by the pandemic.
Ørsted has outlined its intention to develop offshore wind projects in Asia Pacific with a potential capacity of up to 1.6 gigawatts (GW).
Fugro has become the latest company to try and gain a foothold in Japan’s “burgeoning” offshore wind industry.
“Remote operations” is more than just a buzzword for Xocean’s chief executive, and he’s got the boats to prove it.
More assets are expected to hit the market across Asia Pacific this year following the sustained drop in global oil prices and the COVID-19 pandemic, which has destroyed energy demand growth as economic activity contracts.
Seismic provider Polarcus has noted another project cancellation, this time in West Africa.
Subsea engineering group Tekmar has been forced to rollback its hopes of “record” revenues in 2020 due to the effects of the coronavirus.
Looming wave of final investment decisions (FIDs) will provide massive boost for offshore oilfield service sector in Southeast Asia
Proserv and SapuraKencana have joined forces to provide technology services to clients in the Asia Pacific region.
Oil major Chevron has appointed a new president of its operations in Asia.
Scottish gas turbine company Score Energy has made two new appointments in its Kuala Lumpur based in Malaysia.
KDM Marine International have appointed a regional manager for their work in the eastern hemisphere. The company, which is part of the James Fisher Group, has appointed Faisel Chaudry as their new regional manager for the eastern hemisphere. Faisel, who has more than eight years' experience in the oil and gas and offshore renewables industries, is tasked with growing the market-leading company's presence in regions like the Middle East, India, North Africa and Asia Pacific.