Coastal nations around the Singapore Strait must step up surveillance and patrols of the strategic waterway after a sharp rise in piracy incidents last year, maritime watchdog ReCAAP said on Continue Reading
Exxon Mobil Corp said on Tuesday it had made a final investment decision on a multi-billion dollar expansion of its integrated manufacturing complex in Singapore that would help it increase Continue Reading
Around $150 millions’ worth of oil was stolen from Shell’s biggest global refinery over several years, Singapore court documents reviewed by Reuters show, far more than reported when police first Continue Reading
Exxon Mobil Corp ( XOM.N ) is considering a multi-billion dollar investment at its Singapore refinery, the company’s largest, ahead of new global shipping fuel regulations starting in 2020, a Continue Reading
Singapore will introduce a tax on emissions of S$5.00 per ton of carbon dioxide equivalent ($3.80/tCO2e) from 2019, according to The Straits Times . The move was announced in the Continue Reading
An alleged oil heist in Singapore that has already led to 20 arrests, the seizure of at least one tanker and allegations that thieves siphoned thousands of tonnes of fuel Continue Reading
DBS exposed to liquidation of oil-services firm Swiber Moody’s says energy lending is 5.3 percent of Singapore loans The plunge in oil prices is catching up with Singapore’s three largest Continue Reading
Around half of Iran’s estimated 1.2 million mt of fuel oil exports loading in February are expected to end up in Singapore, market sources said this week. Iran is believed Continue Reading
Shell said Thursday it encountered a major deposit of natural gas while drilling in the deep waters off the coast of Malaysia. Shell said it encountered a gas column measuring 1,476 feet thick while drilling its Rosmari-1 well in deep Malaysia waters. "With further exploration planned, the finding is a positive indicator of the gas potential in an area of strategic interest for Shell,’ the company said in a statement . Shell has a controlling interest in Rosmari-1 in partnership with Malaysia’s state-owned energy company Petronas. The U.S. Energy Information Administration reports Malaysia has about 83 trillion cubic feet of proven natural gas reserves and is No. 3 in the world in terms of exports of liquefied natural gas behind Qatar and Indonesia. Exxon Mobil Corp. in February said it started production at the Damar field off the coast of Malaysia, which has a projected capacity of 200 million […]
As smoke from Indonesia ’s burning forests drifted across the Strait of Malacca into Singapore last June, the pollution index shot up and Ong Eng Tong’s golf course shut down. “Once the PSI reaches 150 or 200, they have to close,” said Ong, a 71-year-old independent energy consultant. His Singapore Island Country Club was overwhelmed as the Pollutant Standards Index surged on June 21 to a record 401, a “hazardous” reading in a city averaging less than 50 on most days. “I stayed indoors and turned on the air-con.” This year may be worse, stoked by drought and El Nino. Backed by activists including Harrison Ford, Singapore is pushing fines for culprits overseas. Even Indonesia is faulting last month’s local response to blazes that sickened 50,000 in Sumatra, where fires are set to turn forests into crop fields. Burning in the region’s peatlands emitted as much […]
