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Singapore Overview

Singapore

in figures

Primary Energy Consumption86.5 million toe

Oil Consumption1.43 million bopd

Refinery Throughput1.07 million bpd

Singapore: Trade and Technology

The lack of resources in the ground might initially suggest a country with a fairly stagnant hydrocarbons industry, but Singapore is anything but. A major trading centre and a hub for oilfield technology, the city-state plays a pivotal role in the Southeast Asian energy landscape.

Due to its favourable tax regime, strategic location, transportation infrastructure and stable political climate, Singapore has come to serve as a base for oil and gas companies involved in exploration and production activities in Southeast Asia. The diminutive city-state has become a magnet for international oil companies.

Petrozo Energy to build bitumen plant in UAE
NEWS
UAE - March 01, 2024

Singapore's Petrozo Energy will build a USD 32.7-million integrated oil product plant focusing on bitumen in the UAE.

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Vopak commissions bio-bunkering capacity in Singapore
NEWS
Singapore - February 26, 2024

Vopak has commissioned 40,000 cubic metres of storage capacity for blending biofuels to marine fuels in Singapore.

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Seatrium and Shell renew ship repair contract
NEWS
Singapore - February 14, 2024

Seatrium has resigned a contract with Shell and GasLog LNG Services to service LNG carriers in Southeast Asia.

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Mecwide Angola opens new yard
NEWS
Angola - September 21, 2023

Mecwide Angola has commissioned a new metalworks yard in Angola, the construction and maintenance company announced on Thursday.

The facility will provide…

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A city of opportunities in Oman Khazaen_Salim-AL-THUHLI
Interview
Oman - August 03, 2023

Salim Al Thuhli, CEO of Khazaen Economic City (KEC), talks to The Energy Year about the project’s aims and ongoing developments, as well as its recent achievements.…

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Integrated efficiency in shipping and dry-docking Asyad Oman Ibrahim-AL-NADHAIRI
Interview
Oman - August 01, 2023

Ibrahim Al Nadhairi, CEO of Asyad Shipping & Drydock, talks to The Energy Year about the synergies found in combining Asyad’s Shipping and Drydock arms, the…

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Helix and Jurong agree to delay newbuild
NEWS
Singapore - July 24, 2015

Helix Energy Solutions Group has come to an agreement with Singapore’s Jurong Shipyard to delay work on newbuild well intervention vessel. By pushing back delivery of…

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Iranian oil vessel sets sail for Asia
NEWS
Iran - July 17, 2015

A vessel carrying about 2 million barrels of oil left Iran bound for Singapore on Friday. The shipment is the first following a landmark nuclear deal between Iran and…

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NauticAWT to issue $2.8-mln IPO
NEWS
Singapore - July 15, 2015

On Tuesday, Singaporian subsea entity NauticAWT launched an initial public offering with a projected value of around $2.8 million. The company’s IPO is set to open…

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Sembcorp nets $1-bln Heerema contract
NEWS
Singapore - July 15, 2015

International operator Heerema Offshore Services (HOS) announced the award of a $1-billion contract to Singaporean firm Sembcorp Marine for the construction of a new…

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Total unveils largest lubricant plant
NEWS
Singapore - July 03, 2015

French super-major Total has opened its largest lubricant oil plant, located in Singapore.

The company aims to double its Asian market share for lubricants by 2025,…

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Oil tanker hijacked in Southeast Asia
NEWS
Malaysia - June 17, 2015

A second oil tanker has gone missing in Southeast Asia, the International Business Times reported yesterday.

The 7,300-deadweight tonne Petronas oil tanker Orkim…

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Ezra lands contracts worth $115 million
NEWS
Singapore - June 15, 2015

Emas AMC, the subsea division of Singapore’s Ezra Holdings, announced on Monday it had been awarded several global contracts in the UK, West Africa and Asia worth…

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