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Singapore

Asia

Marine fuel oil cheats tarnish Singapore’s reputation

Singapore's international reputation as a trusted shipping and bunkering hub has been tarnished after nine members of a criminal syndicate were jailed for cheating buyers of marine fuel oil by using magnets to tamper with the mass flow meters on two bunker tankers.

Renewables/Energy Transition

Indonesia approves path for record breaking Australia-Singapore subsea cable project

Indonesia has approved the subsea route for what could be the world’s first intercontinental power grid, connecting Australia to Singapore, with 24/7 renewable power. The official nod means Sun Cable’s ambitious project, that proposes the world’s largest solar farm, the world’s biggest battery, and the world's longest undersea cable, has moved a step closer to reality.

Asia

Sembcorp wins Dorado FPSO work

Singapore’s Sembcorp Marine will carry out front-end engineering design (FEED) work for the floating production, storage and offloading (FPSO) facility that will form part of Santos’ Dorado development offshore Australia.

Asia

Keppel delivers Guyana’s second FPSO

Singapore yard Keppel Offshore &Marine (Keppel O&M) has delivered a mega floating storage and offloading (FPSO) vessel dubbed Liza Unity to SBM Offshore that will process oil from the prolific Stabroaek Block offshore Guyana.

Asia

Struggling Sembcorp Marine to raise $1.1 billion

Singapore offshore and marine giant Sembcorp Marine will raise S$1.5 billion (US$1.1 billion) in funds from a rights issue to support the company’s operations. The rig builder has been struggling with rising costs and delays to projects being built at its yards.

Asia

Temasek defends green goals after backing Singapore polluters

It might seem contradictory to invest in carbon-emitting polluters while pledging to be an eco-trailblazer, but that’s exactly what Singapore state investor Temasek Holdings, which owns shares in two of the world’s largest rig builders, is attempting to do.

Oil & Gas

Singapore prepares to swap its oil hub status for greener future

Royal Dutch Shell announced late last year it would slash capacity by half at its biggest oil refinery. For Singapore, where the plant has been a mainstay of the economy for six decades, it marked a turning point in one of the most successful bets on fossil fuels in history.