Connect with us

East Asia: Stop Squabbling, Start Drilling

Large oilfields often don’t fall neatly within national boundaries. Intent on securing underground or undersea reserves, nations contest territorial claims.

Bahar Karaman

Published

on

Large oilfields often don’t fall neatly within national boundaries. Intent on securing underground or undersea reserves, nations contest territorial claims.

Loading...

China battles Japan for the Diaoyu/Senkakku Islands and ASEAN members for large sections of the South China Sea. Settling disputes quickly is in the interest of all claimants, particularly those with less technological expertise, suggests Will Hickey of SolBridge University. Rapid drilling can cause oil to migrate within a reserve, and horizontal drilling for several kilometers is also possible.

Countries with sophisticated technology collect product more quickly. Hickey urges countries to rely on unitization – devising agreements to divide shares, map boundaries, administer operations and collect revenues. “Unitization is usually undertaken to achieve the most efficient and economical exploitation of reserves to benefit all parties,” he explains. Surface boundaries are left intact, thus eliminating the contentious issue of sovereignty. Hickey lists several models of unitization, including a partnerships between the US and Mexico. Of course, the devil is in details, and the stronger contestants have least incentive to compromise or share. – YaleGlobal

via East Asia: Stop Squabbling, Start Drilling.

Investment

Thailand Q1 Investment Applications Soar 80% as FDI More Than Double says BOI

The top three source countries of FDI applications during the first quarter were South Korea, China, and Singapore, with similar levels of investment. Korean investment soared due to a large-scale joint venture in the medical sector, Ms Duangjai said.

Pr News and BOI

Published

on

The Thailand Board of Investment (BOI) said today that in the first quarter of 2021, investment applications rose 80% from the year earlier period to a total value of 123.4 billion baht (USD3.9 billion), led by projects in the medical and electric and electronics (E&E) sectors, as foreign direct investment (FDI) applications more than doubled.

Loading...
(more…)

Continue Reading

Marketing

The Combination of Good Graphics and Gameplay is Needed for Success in Gaming

If you compare a game from 20 years ago to now, the change is incredible. You probably wouldn’t want to play a game from 20 years ago with those graphics knowing the graphics embedded in new games.

Pr News and Yuan Fang

Published

on

Video games need a combination of great graphics within their gameplay to bring about success. Graphics are a representation of imagination in momentum.

Loading...
(more…)

Continue Reading

Economics

Finance Ministry Reduces 2021 Growth Forecast to 2.3%

Fiscal Policy Office (FPO) Director-General Kulaya Tantitemit said the ministry slashed its forecast for the number of foreign tourists to only 2 million this year from 5 million it had predicted three months ago.

National News Bureau of Thailand

Published

on

Export growth better-than-expected in December 2020. However, amid the second wave of COVID-19 infections, exports could fall below previously forecasted levels in 2021.

BANGKOK (NNT) – The Finance Ministry has reduced its 2021 economic growth forecast for a second time to 2.3% from 2.8% growth, after a third wave of coronavirus infections struck Thailand this month.

Loading...
(more…)

Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 14,066 other subscribers

Latest

Trending