ABN to cut commodity work amid losses
ABN AMRO is pulling out of its trade and commodity financing, while cutting its natural resources and transportation and logistics work to European clients only.
Singapore
Energean’s Karish plan slips
Work has restarted in Singapore on a vessel for Energean that is due to begin producing gas off Israel in 2021.
Singapore oil trader is said to have hidden $800million losses
The son of the legendary founder of Hin Leong said the Singapore oil trader hid about $800 million in losses racked up in futures trading, suggesting a much bigger hole in the company’s finances than thought, according to people with knowledge of the matter.
Fabled Singapore oil trader appoints advisers amid bank squeeze
Singapore oil trader Hin Leong Trading (Pte.) Ltd. has appointed advisers to help in talks with banks as some of them freeze credit lines to the firm, according to people with knowledge of the matter.
Petrobras sharpens deepwater focus in quest for value
Petrobras is in a state of transformation, company officials said at a press conference in London, with an eye on selling down assets and tackling debt – in tandem with major expansion plans.
Australia billionaires plan to export solar power to Singapore
Two of Australia’s richest people, Atlassian Corp. co-founder Mike Cannon-Brookes and Fortescue Metals Group Chairman Andrew Forrest, are investing in an ambitious project to export solar power from a giant plant in Australia to Singapore via a 4,500 kilometer (2,800 miles) transmission cable.
Sentinel Marine hires raft of recruits ahead of new vessels being delivered
Sentinel Marine has hired fresh recruits into the industry ahead of delivery of four new North Sea vessels by the end of next year.
Singapore wealth fund investing $600m in Adnoc pipelines
The Abu Dhabi National Oil Company (Adnoc) has entered into a pipeline infrastructure investment pact with GIC, Singapore’s sovereign wealth fund.
Singapore’s reputation at risk as Noble Group battle rages
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.
Fire breaks out at oil storage tank in Singapore
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 closes in on deal to supply Singapore with LNG
Shell is close to winning a deal to supply Singapore with liquefied natural gas (LNG), according to a news report.
11 charged in alleged Shell oil theft
A total of eleven men were charged in a Singapore court regarding an alleged oil theft at Shell’s biggest refinery.
ExxonMobil swoops for Singapore plant
ExxonMobil has agreed to buy a petrochemicals plant in Singapore from Jurong Aromatics Corporation.
Exclusive Video: Maersk’s Culzean FSO takes shape in Singapore
Energy Voice has captured exclusive footage of the construction of the floating storage and offloading (FSO) unit for Maersk’s North Sea Culzean field.
Culzean on track for first oil in 2019, contracts still up for grabs
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”.
Former BP executive charged in alleged $4million bribery case
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 to supply Singapore with LNG later this year
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.
World’s largest rig builder Keppel cut 10,000 staff last year, posted smallest profit in a decade
The world’s largest builder of oil rigs cut its workforce by more than 10,000 people in 2016.
Prosafe signs letter of intent for Axis business units
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.
Shell among new LNG sellers for Asia gas hub contender Singapore
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 wins Singapore deal
Amec Foster Wheeler has won a refinery deal in Singapore.
Noble Group tumbles in Singapore, triggering exchange query
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 receives demand for ROVs
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 chief exec says it could snap up Shell North Sea assets as first steel is cut on Culzean
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.
Oil companies move from Singapore to Malaysia in bid to save costs
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.