Oil and gas

Gulf Oil to buy OK Lim's Ocean Tankers assets in Singapore

GULF Oil International, part of the India-based Hinduja conglomerate, has inked an agreement to acquire a lubricant blending plant with wharf access, a storage tank farm and a terminal facility...

About 1,250 Shell employees to benefit from upskilling

THE Singapore Shell Employees' Union (SSEU) has teamed up with Shell to set up a Joint Capability Council (JCC) that will support training plans benefiting some 1,250 employees, out of the oil...

Clean energy pivot will yield green jobs, but time needed to fill them

OIL majors are cutting jobs in traditional business segments as they move to cleaner energy, and their downstream suppliers will follow suit.

Foreigners still needed in clean energy manual roles

EVEN with a change in the energy sector's skill needs and job scopes, the reliance on foreign workers to fill low-wage, manual roles is unlikely to change in the near term.

Shell Singapore to cut 500 jobs over three years amid Pulau Bukom reorganisation

SHELL Companies, the local subsidiary of Royal Dutch Shell, is set to cut 500 jobs or about 38 per cent of its local workforce over the next three years as the group makes changes to its largest...

Enterprise Singapore, energy firms launch innovation challenge for SMEs, startups

ENTERPRISE Singapore (ESG) on Thursday launched its inaugural Energy Open Innovation Challenge (EOIC) 2020, in partnership with energy companies Chevron, ConocoPhillips, ExxonMobil and Shell, to...

Keppel shareholders should 'hope for the best, prepare for the worst' on Temasek's offer

"DEAL or no deal?" has been trending among investors since Keppel Corp's record quarterly loss cast a cloud over Temasek Holdings' bid for the conglomerate.

Singapore banks put to another major test on O&G exposure

WITH oil trading giant Hin Leong making headlines amid the recent collapse of oil prices, the Singapore banks are set to take charges against their broader exposure to the oil-linked sectors but...

Oil goes into free fall after Saudis unleash price war

SAUDI Arabia unleashed the biggest single-day oil price crash in 30 years when it raised output and priced its oil at steep discounts, sparking a global price war.

Govt studying need for support measures in M&OE sector

THE Singapore government is deciding whether there is a need to support the beleaguered marine & offshore engineering (M&OE) industry, confirmed Minister for Trade and Industry (Industry) S...

IE Singapore links up with banks to support new oil & gas projects (Amended)

IE Singapore is working with local banks to provide funding for new projects in the beleaguered oil and gas (O&G) sector.