Singapore’s Pavilion awards 10-year LNG supply deal to BP
BP will supply 0.8 million tonnes per year of liquefied natural gas (LNG) to Singapore for a ten-year term after signing a deal with the city state’s Pavilion Energy.
Singapore
Gastech 2021 moved to Dubai instead of Singapore on COVID worries
Gastech, one of the world's largest exhibitions and conferences focused on gas, liquefied natural gas (LNG), and hydrogen, will take place in Dubai, from 21-23 September 2021, instead of Singapore, as previously planned, due to COVID-19 uncertainties and travel restrictions.
Keppel set to pounce on bankrupt KrisEnergy assets
Financially crippled Asia-focused upstream player KrisEnergy has finally admitted defeat and filed a winding-up petition to the Grand Court of the Cayman Islands. In response, state-backed Keppel Corporation, the largest shareholder in the Singapore-listed company, appears intent on seizing KrisEnergy’s remaining assets in Asia.
Energean FIDs Karish work, warns of delays
Energean has pushed back the expected start of operations at its Karish project, offshore Israel, owing to delays in Singapore, while also approving more Karish North work.
Singapore eyes building liquefied hydrogen import infrastructure
Singapore’s Keppel Corporation has tied up with four industry partners to jointly explore the development of supply infrastructure to bring liquefied hydrogen (LH2) into the Southeast Asia city state to power Keppel's data centres.
Former BP director set to be jailed in Singapore for corruption
A former director of BP’s marine fuels business in Singapore has been sentenced to 54 months in jail and ordered to pay about US$4.7 million for his role in a graft case involving close to US$4 million (S$5.3 million) while working for the supermajor.
Little hope for financially crippled KrisEnergy after Cambodia review
Singapore’s KrisEnergy, which is on the verge of collapse, has received a disappointing performance update on its Apsara oil field offshore Cambodia. The field was the financially crippled Singapore-listed company’s last hope to prevent it from going bust.
Vultures start to circle Singapore’s KrisEnergy
Singapore’s KrisEnergy is on the verge of collapse and eagle-eyed investors, seeking assets at bargain prices, are preparing to pick over the company’s carcass. However, given KrisEnergy’s recent dismal performance in Cambodia, there is not much left of interest.
Shell to trial first hydrogen fuel cells for ships in Singapore
Shell is carrying out a feasibility study with partners to trial the use of hydrogen fuel cells for ships in Singapore, the first such move for the supermajor and the Southeast Asian city state.
Pavilion Energy imports Singapore’s first carbon neutral LNG cargo
Pavilion Energy has imported a carbon neutral liquefied natural gas (LNG) cargo into Singapore – the first for the Southeast Asian city state and Pavilion Energy.
Shareholders ready to rage at Singapore’s KrisEnergy
Singapore-listed KrisEnergy, which appears to be on the verge of collapse, has received a requisition notice from two shareholders requesting an extraordinary general meeting (EGM), over concerns about the restructuring of the troubled upstream player.
KrisEnergy on verge of collapse as Cambodia bet backfires
Singapore-listed KrisEnergy – widely seen as a zombie company - is finally on the verge of collapse after production from its Apsara oilfield offshore Cambodia failed to meet expectations. Significantly, it should come as no surprise that the frontier basin disappointed.
China’s mega-refineries are throttling other Asia oil processors
The rise of China’s mega-refineries was always going to make life tougher for their competitors across Asia. But the fallout from Covid-19 is hastening the impact and accelerating consolidation across the region.
Singapore hands ExxonMobil LNG import rights
Singapore’s Energy Market Authority (EMA) has awarded ExxonMobil and Sembcorp Fuels the right to import liquefied natural gas (LNG) as pipeline supplies dwindle.
KrisEnergy’s Vietnam farm-out deal delayed again
Southeast Asia-focused upstream player KrisEnergy has yet again delayed the completion date of the proposed farm-out of its entire interest in Block 115/09 offshore Vietnam.
Singapore eyes world’s first green ammonia bunkering
Singapore, home to the world’s largest bunkering port, is aiming to pioneer the world’s first ship-to-ship ammonia bunkering base to help decarbonise global shipping.
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.
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.