Conrad lines up Sembcorp Gas for Mako gas offtake
The companies have agreed to aim to reach a definitive agreement by the end of December. If agreed, this would trigger a final investment decision (FID) on Mako.
Singapore
Valeura sharpens Asia focus with COO, auditor appointments
Valeura launched an office in Singapore earlier this year, where executives will be based. Today, it also announced the replacement of KPMG Canada as auditor with Deloitte & Touche (Singapore).
Lloyd’s Register wins liquefied CO2 offloading study
Singapore’s Global Centre for Maritime Decarbonisation (GCMD) has picked Lloyd’s Register to carry out a concept study on offloading liquefied CO2. Arup will provide support.
Oil shipbuilding giant created as Sembcorp acquires rival Keppel in $3.3bn deal
Sembcorp Marine has acquired rival Keppel Offshore and Marine, creating a giant in the oil and gas and renewables shipbuilding industry.
Singapore could review Keppel O&M bribery case with new evidence
Deputy Prime Minister Heng Swee Keat said that Singapore could review a decision not to prosecute key figures at Keppel Offshore & Marine Ltd. over a major bribery case involving payments to Brazil’s state-run energy company Petrobras if there’s new evidence that warrants doing so.
Keppel delivers Guyana’s third FPSO for ExxonMobil-led consortium
The Prosperity FPSO will be the third of four FPSOs Keppel is undertaking for deployment in Guyana.
Keppel O&M says it has fully paid $65m in fines to Brazil authorities
Keppel Offshore & Marine (Keppel O&M) said on Monday that it has made full payment of the fines and damages payable worth 343.6 million reais (US$65 million) to Brazil under a leniency agreement that had been set out earlier.
Mega Australia-Singapore solar cable project wins lifeline to carry on building
An ambitious plan to power Singapore using Australian solar won another lifeline on Wednesday after a court in Sydney agreed to a sales process put forward by the project’s administrators.
Former Keppel O&M management warned over Petrobras bribery scandal
Singapore’s Corrupt Practices Investigation Bureau (CPIB) has issued stern warnings to six ex-senior management staff of Keppel Offshore & Marine for their alleged bribery involving contracts with Brazil’s state-owned oil company Petrobras.
The $21bn Sun Cable project to power Singapore enters administration
One of Australia’s most ambitious renewable energy projects has entered into voluntary administration after shareholders couldn’t come to a consensus on the future direction and funding of the plan to power Singapore using a 4,200-kilometer (2,600-mile) submarine cable.
Singapore company starts oil drilling in Myanmar
Singapore-listed Interra Resources reported that its joint venture entity, Goldpetrol Joint Operating Company, has started drilling development well CHK 1238 in the Chauk oil field onshore Myanmar.
State funds moving greener, continuing shift from oil
These investors put $18.7 billion into renewables in 2022 and only $6.7bn into hydrocarbons.
Keppel delivers legacy rig to ADNOC
Singapore yard Keppel O&M has delivered the first of three jack-up rigs novated by Borr Driling to ADNOC Drilling.
Shell explores carbon transport and storage in Singapore and Brunei
Shell (LON:SHEL) said today that it is exploring the feasibility of carbon transport and storage options for Brunei and Singapore. Significantly, this could potentially form part of a carbon capture and storage (CCS) hub in Southeast Asia.
Singapore unveils plan to target net-zero emissions by 2050
Singapore will target net-zero emissions by 2050 and is bolstering its short-term climate goals even as the city-state acknowledges it faces challenges to shift to cleaner energy sources.
Singapore launches national hydrogen strategy
Singapore plans to develop hydrogen as a pathway to accelerate transitions to net zero emissions and strengthen the Southeast Asian nation’s energy security.
Woodside abandons Senegal follow up
Woodside Energy has plugged and abandoned a well offshore Senegal after failing to find commercial quantities of hydrocarbons.
Singapore’s Sembcorp Marine confirms payment deferral for Borr Drilling
Sembcorp Marine today confirmed it will extend the time for repayment terms for Borr Drilling from 2023 to 2025 for the nine jack up rigs that the Singapore yard delivered to the driller between 2017 to 2019 after a final agreement was signed.
Sembcorp Marine lands $3 billion FPSO deal with Petrobras
Sembcorp Marine (SGX: S51) has landed a $3 billion contract for a newbuild FPSO for Petrobras.
Fatal accidents at Keppel yard put spotlight on migrant worker safety in Singapore
Three migrant workers have died so far this year in work-related accidents at a Singapore yard that services the global energy industry and is run by Keppel Corporation (SGX:BN4), whose clients include major international oil and gas companies.
Keppel wins another Petrobras FPSO deal worth $2.8bn
Keppel Offshore & Marine's (Keppel O&M's) subsidiary, Keppel Shipyard, has won a tender from Brazil’s national oil company, Petrobras, to carry out the engineering, procurement and construction (EPC) of P-83, a floating production, storage and offloading vessel (FPSO), in a deal worth about US$2.8 billion.
Air Liquide, Chevron, Keppel and Petrochina eye CCS in Singapore
Air Liquide, Chevron, Keppel Infrastructure, and PetroChina have announced they have signed a memorandum of understanding to form a consortium which will aim to evaluate and advance the development of large-scale carbon capture, utilisation, and sequestration (CCUS) solutions and integrated infrastructure in Singapore.
Harbour aims to expand Natuna Sea A Block as Singapore gas demand surges
UK-based Harbour Energy (LON:HBR) is aiming to develop more fields in its Natuna Sea A Block, that is a major gas supplier to Singapore. Harbour is seeing demand surge from the city state for piped supplies from its Indonesia block as global liquefied natural gas (LNG) spot prices remain elevated.
Keppel confirms fatality after crane collapse at Singapore yard
Keppel Shipyard today confirmed the death of a worker who fell into the sea after a crane collapsed at its Tuas yard in Singapore on Monday. It is the third fatality at the yard this year.
Santos delays Dorado FID as inflation risk bites
Santos (ASX:STO) has put on hold plans for a final investment decision (FID) at its Dorado oil project offshore Western Australia as spiralling costs related to the construction of a floating production storage and offloading (FPSO) unit pose too much risk.