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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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Oil down despite Asia boost
NEWS
Multinational - October 29, 2018

Oil prices inched down on Monday morning in Asia, despite a bounce in the region’s stock markets. Investors remained cautious after a sell-off last week that could…

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Total starts up Kaombo in Angola
NEWS
Angola - July 30, 2018

The deep offshore Kaombo project has successfully begun production, Total announced on Friday.

The 115,000-bopd Kaombo Norte FPSO has been brought on stream, and…

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Trinidad’s hydrocarbons and hydrogen prospects Kevin-RAMNARINE
Interview
Trinidad and Tobago - July 12, 2018

Kevin Ramnarine, Trinidad and Tobago’s former minister of energy and energy industries, talks to TOGY about policy changes that have led to a more attractive and…

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Interview
Kuwait - May 9, 2018

Himmat Ahlawat, general manager in Kuwait for Wilhelmsen Ships Service (WSS), talks to TOGY about how Kuwait’s maritime infrastructure needs to evolve, the…

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Interview
Indonesia - April 06, 2018

Adi Agung Tirtamarta, the president-director of Bayu Martim, talks to TOGY about how maritime companies are reacting to lowered rates, the availability of projects in…

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Philippines planning oil auction
NEWS
Philippines - March 26, 2018

The government of the Philippines will put 14 offshore blocks on offer later this year, international media reported on Sunday.


A reputation for cumbersome…

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Exclusive: Kaombo Norte begins testing
NEWS
Angola - March 07, 2018

Kaombo Norte, the first FPSO for Angola’s Block 32, left its base in Singapore for marine tests on Tuesday, Laurent Maurel, Total E&P Angola’s general manager,…

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Indian tanker free after pirate attack
NEWS
India - February 06, 2018

The crew of an Indian oil tanker has regained control over their vessel after a pirate attack off the coast of Benin, the tanker’s management company announced on…

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Oman, BP in LNG deal
NEWS
Oman - January 22, 2018

Oman LNG has signed a seven-year sales agreement with BP, local and international media reported over the weekend.

BP Singapore will purchase about 18 LNG cargoes…

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