TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Mounting Tourism Outcry Over Samui Drilling

Category: , Posted:09 Oct 2010 | 13:34 pm

Back of strong opposition by local residents and the island's tourism industry its been reported that the Thailand subsidiary firm NuCoastal of the UK based Coastal Energy Company will defer drilling for the next 12 months.
The oil exploration company which is traded on both the UK AMI and Canadian TSX-V stock bourses is targeting natural gas deposits near Samui.
Established in 2003 the company has been drilling for crude oil near the Gulf of Thailand's Songkhla since 2006.
The Thai government is currenty reviewing the company license with respect to an outstanding environmental impact assessment which comes due December.
Growing concern on the heels of the globally publicized BP crises in the United States has fueled opinion, especially among the larger tourism sector.

Other News

Read more

C9 Hotelwork’s Releases Philippines Branded Residences Report

Category: Real estate, Posted:25 Feb 2024 | 19:51 pm The Philippines branded residences market is experiencing a significant maturation, impacted by urbanization and a post-pandemic shift in lifestyle changes. The market is poised for a high level of growth. C9 Hotelworks newly released Philippines Branded Residences Market Update shows a 105% increase in the pipeline, translating to an additional 5,599 units supplementing the current […]
Read more

Phuket’s Largest Highway Interchange Expected To Attract Largescale Development

Category: , Posted:10 Feb 2024 | 09:42 am The release of plans for a massive highway interchange in North Phuket is spurring development activity in the Mai Khao area. A Mueang Mai interchange on the road leading to Phuket International Airport on the island’s main North-South artery will also have a  direct connection to the East Coast spur highway 4027.  (CLICK to see […]
Read more

GOCO Hospitality Inks Deal With Singapore Temasek to Expanded Wellness Resorts in Thailand and Southeast Asia

Category: , Posted:07 Feb 2024 | 10:33 am Leading Bangkok-based wellness group GOCO has signed a deal with Singapore’s Temasek private equity group via The Fullerton Fund. The injection of funds into GOCO is reportedly ‘high eight figures’ and will fund expansion in Thailand and Southeast Asia into hospitality assets. Two acquisitions are expected to be announced in March by Founder and CEO […]
SiaJai logo

Thailand's Leading Homecare Marketplace