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Renewables/Energy Transition

Oil & Gas

Singapore prepares to swap its oil hub status for greener future

Royal Dutch Shell announced late last year it would slash capacity by half at its biggest oil refinery. For Singapore, where the plant has been a mainstay of the economy for six decades, it marked a turning point in one of the most successful bets on fossil fuels in history.

UK

BP pledges £10bn spending spree if ScotWind bid comes good

Energy giant BP will make Aberdeen the centre of its global offshore wind business as part of a £10billion spending spree if it secures a lease to install and manage turbines in the North Sea.