Asia Pacific
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LNG as a fuel source has been an energy staple for many Asia-Pacific countries for decades, and is increasing in importance in other regions as countries look to diversify their energy mix.
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Shell invested in a Singapore solar company and signed an agreement to purchase a Texas company with solar and other renewable assets. Along with its minority stake in a company that uses solar to generate steam for EOR in the Middle East, Shell catches some rays in the Asia Pacific, US, and Oman.
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Oil and gas producers in the Gulf of Thailand face unique technical challenges. This review of papers illustrates some of the innovative solutions used in the region.
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Due to the continued pressure from weak utilization of existing operating fleet and supply overhang of newbuilds, Keppel is cutting its yard capacity. The company is however seeking opportunities in niche and new markets.
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The Asia Pacific region is expected to be the fastest-growing region in deepwater development in the next 5 years.
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