Noble Group Ltd. dissident shareholder Goldilocks Investment Co. says the Singapore regulator’s handling of the trader’s drawn-out battle for survival is being closely followed by overseas investors, highlighting the importance of the case for the city-state’s reputation as a financial hub.
Emergency crews are dealing with a fire that has broken out at an oil storage tank on an island off the southern coast of Singapore.
Shell is close to winning a deal to supply Singapore with liquefied natural gas (LNG), according to a news report.
A total of eleven men were charged in a Singapore court regarding an alleged oil theft at Shell’s biggest refinery.
ExxonMobil has agreed to buy a petrochemicals plant in Singapore from Jurong Aromatics Corporation.
Energy Voice has captured exclusive footage of the construction of the floating storage and offloading (FSO) unit for Maersk’s North Sea Culzean field.
Maersk Oil’s landmark North Sea project is “bang on schedule” with contracts for hook-up and commissioning expected to be awarded “in the next couple of months”.
A former BP executive has been charged in connection with obtaining $3.95 million in bribes in what is being described as one of the largest corruption cases in the country.
Shell and Pavilion Gas will start delivering liquefied natural gas to Singapore later this year, a news report said, citing the city-state’s trade minister.
The world’s largest builder of oil rigs cut its workforce by more than 10,000 people in 2016.
Prosafe SE said it has entered into a letter of intent (LOI) with Axis Offshore for the potential acquisition of all outstanding shares in two single purpose companies.
Singapore, which is vying to become a regional center for the trading of liquefied natural gas in Asia, picked Royal Dutch Shell Plc and Pavilion Gas Pte Ltd. as its next suppliers of the fuel.
Amec Foster Wheeler has won a refinery deal in Singapore.
Noble Group Ltd., the embattled commodities trader raising about $500 million in a rights issue, received a query from the Singapore exchange over trading of its shares as the stock plunged to the lowest level since 2003.
Forum Energy Technologies said it has received an order to supply three remotely operated vehicles (ROVs) for its multi-purpose ice-class vessel currently under construction in Singapore.
Maersk Oil's chief executive said it could snap up North Sea assets up for sale by Shell if it could "create value" for the company.
Multinational oil companies are said to be pulling staff out of Singapore and moving them to Malaysia in a bid to save costs, according to reports.
North Sea and Asia-Pacific subsea inspection specialists Pmac (Process Monitoring and Control) have added topside inspection services to their growing portfolio with the acquisition of Oilfield Corrosion Monitoring Services (OCMS) for an undisclosed sum.
Aberdeen firm Rig Control Products (RCP) said yesterday it had netted a £300,000 deal to supply a Singaporean company with oilfield equipment. RCP, which also has a base in Singapore, will also install the four pieces of integrated well control kit on rigs as part of the contract. The system is made up of a hydraulic console with a remotely-operated panel, which is used to operate and control dual choke valves, among other things.
BG Group and Keppel Offshore & Marine have secured a licence to supply LNG bunker to vessels in the Port of Singapore.
Oil services firm Ezra warned it expects to register a net loss for the 2016 first quarter compared to earnings a year before.
A vessel carrying 560 metric tons of bunker fuel sank after a collision with a chemical tanker in the Singapore Strait late Wednesday, the city-state’s Maritime and Port Authority or MPA said. Shipping traffic in the waterway remains undisrupted and there were no signs of any fuel leak, the MPA said in a statement on Thursday.
Japanese company Modec has contracted out the project to build a floating storage and offloading (FSO) vessel for Maersk Oil’s £3billion Culzean gas development in the North Sea. Singapore’s Sembcorp Marine said it had secured the work to design and build the FSO, with the project being handled by its wholly-owned subsidiary Sembcorp Marine Rigs and Floaters (SMRF). Scheduled for delivery in the first quarter of 2018, the vessel will be Sembcorp’s first FSO new-build secured on a full turnkey project basis.
Apple has confirmed its expanding operations in Singapore will be powered by solar energy as it zeroes in on its 100% renewable target.
Singapore’s Pavilion Energy Pte has signed a 10-year LNG agreement with a unit of Russia’s gas giant Gazprom PJSC, Chief Executive Officer Seah Moon Ming said Tuesday. The liquefied natural gas unit of Singapore’s state-owned Temasek Holdings Pte has also signed a memorandum of understanding with the Chinese energy company Huadian to supply LNG from 2020 onward and a similar agreement with Japan’s Jera Co. to jointly procure and invest in LNG, he said at a conference in Singapore.
