Singapore rig builder Keppel Offshore & Marine has received a request for arbitration from an unnamed counterparty relating to two engineering, procurement and construction (EPC) contracts for floating production storage and offloading units (FPSOs).
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.
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.
Singaporean rig builders Keppel Corporation and Sembcorp Marine have confirmed they are in talks over a merger of their offshore and marine (O&M) businesses.
Singaporean rig builders Keppel Corporation and Sembcorp Marine this morning requested a halt in the trading of their shares pending announcements.
Southeast Asia is emerging as a hotspot for global solar investment with over $10 billion invested just last year. In 2020, the region represented 12% of the global solar market and installed capacity has more than doubled every year since 2018, Rishab Shrestha, analyst at Wood Mackenzie told the APAC power and renewables summit today.
Industry sources have told Energy Voice that liquidators for financially crippled Asia-focused upstream player KrisEnergy are accepting non-binding offers for the Singapore-based company’s assets.
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.
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.
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 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’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.
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.
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.
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 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 has imported a carbon neutral liquefied natural gas (LNG) cargo into Singapore – the first for the Southeast Asian city state and Pavilion Energy.
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.
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.
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’s Energy Market Authority (EMA) has awarded ExxonMobil and Sembcorp Fuels the right to import liquefied natural gas (LNG) as pipeline supplies dwindle.
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, 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 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.
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.