Exxon Mobil to cut jobs in Singapore as big oil retrenches
Exxon Mobil Corp. expects to cut about 300 jobs in the Asian oil-trading hub of Singapore by the end of 2021, part of a global retrenchment that was announced last year.
Singapore
Total wins Singapore’s third LNG bunker licence
France’s Total will join FueLNG - a joint venture between Keppel O&M and Anglo-Dutch major Shell - and Pavilion Energy, as a licensed LNG bunkering provider at the port of Singapore.
Singapore eyes global hub role as first LNG bunkering ship starts up
FueLNG, a joint venture between Keppel O&M and Anglo-Dutch major Shell, has started up Singapore’s first LNG bunkering ship, the FueLNG Bellina. It marks part of Singapore’s efforts to establish itself as a global LNG bunkering hub.
Chevron wins carbon-conscious Singapore LNG deal
Chevron will supply 0.5 million tonnes per year of liquefied natural gas (LNG) to Singapore under a carbon-conscious deal with the island nation’s Pavilion Energy.
Keppel O&M to wrap up rig building operations as part of wider restructuring
Keppel Offshore & Marine (O&M) is to stop building rigs as it looks to make a move into the renewables market.
Scots firm Sulmara Subsea makes Asia-Pacific expansion
Scottish firm Sulmara Subsea is making an expansion drive into the Asia-Pacific (APAC) with a new office in Singapore.
BP sued by Bank of China over oil deals
Bank of China Ltd. has sued BP Plc in Singapore over its alleged role in fabricating oil deals with collapsed trader Hin Leong, in the latest effort by a creditor to recover losses after one of the biggest trading scandals in decades.
QP launches LNG trader, signs Singapore deal
Qatar Petroleum (QP) has launched a dedicated LNG trading arm, announcing a deal to supply gas to Singapore.
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.
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.