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DNV, Keppel Offshore collaborate on digital asset lifecycle program
May 25, 2021
Source: world oil

DNV, Keppel Offshore collaborate on digital asset lifecycle program

DNV has awarded an Approval in Principle (AiP) to Singapore-based Keppel Offshore & Marine (Keppel O&M) for its proprietary AssetCare system, a suite of digital services to support an asset's lifecycle needs. The AiP award follows the signing of an MOU between DNV and Keppel in April 2020. The aim of the collaboration is to improve overall efficiency of the design and construction process, and of the asset lifecycle support services for projects in the offshore and marine industry.

Oil prices slip after OPEC+ agree to ease output cuts
April 6, 2021
Source: Energyworld

Oil prices slip after OPEC+ agree to ease output cuts

SINGAPORE: Oil prices edged down in early Asian trade on Monday after OPEC+ agreed last week to gradually ease some of its production cuts between May and July.Brent crude futures for June fell 16 cents, or 0.2 per cent, to $64.70 a barrel by 2351 GMT while U.S. West Texas Intermediate crude for May was at $61.32 a barrel, down 13 cents, or 0.2 per cent.

Sembcorp Industries aims ambitious growth in India driven by solar power: South Asia CEO
March 16, 2021
Source: Energyworld

Sembcorp Industries aims ambitious growth in India driven by solar power: South Asia CEO

Singapore’s state investor Temasek Holdings-backed Sembcorp Industries is “back in the game” in India and aims to grow its portfolio organically and through acquisitions, Vipul Tuli, chief executive officer of South Asia at Sembcorp Industries told ET in an exclusive interview. The group is scouting for acquisition opportunities and is also exploring options for monetisation of its existing operational assets.

Ocean Infinity acquires MMT to expand AUV and uncrewed vessel capabilities
March 3, 2021
Source: world oil

Ocean Infinity acquires MMT to expand AUV and uncrewed vessel capabilities

Ocean Infinity and MMT announced an acquisition to bring together MMT’s expertise and track record as a marine survey and data analytics provider and Ocean Infinity's robotic technology and operational expertise. Following the acquisition by Ocean Infinity, MMT will continue to operate under the MMT brand. The enlarged group will have a headcount of over 300 people and will operate from an expanded geographical footprint with offices in the US, Sweden, UK, Singapore and Norway.

Puma Energy sells its Australia's fuel business to Chevron
Dec. 19, 2019

Puma Energy sells its Australia's fuel business to Chevron

Puma Energy has informed that it will sell its Australian commercial and retail fuels business to Chevron Australia for A$425 million. Puma is the retail and midstream arm of Trafigura. The company has taken this decision amidst pressure to rebalance its books after a decade-long buying spree. "The acquisition will provide Chevron with a stable market for production volumes from our refining joint ventures in Asia", said Chevron.

Singapore to have a LNG trading platform soon
April 10, 2019

Singapore to have a LNG trading platform soon

With the sudden rise in the supply and demand of the super-chilled fuel, Kpler and Powernext are planning to launch a trading platform for LNG in Singapore this year. Both the companies have set up Spark Commodities in Singapore which is majorly owned by Kpler. Spark will aim at creating a paltform for physical buyers and sellers of LNG by the fourth quarter of the present fiscal year.

Exxon plans on multi-billion dollar investment
Oct. 4, 2018
Source: Reuters

Exxon plans on multi-billion dollar investment

ExxonMobil is strategizing according to the new global shipping fuel regulations to be effective from 2020. The energy major will plan on a multi-billion dollar investment in its Singapore refinery. It is Exxon’s chief petrochemical complex with a 592,000 bpd capacity. This move is in line with the IMO’s new rules to limit the sulphur content to 0.5% from present 3.5% in order to reduce pollution by ships worldwide.

Shell and Microsoft join forces
Sept. 25, 2018
Source: CNET

Shell and Microsoft join forces

Tech giant, Microsoft and oil major, Shell are coming together to run a pilot project on the integration of AI tools into gas stations, with initial implementation in Singapore and Thailand. Microsoft is deploying its proprietary Azure IoT Edge to find people smoking cigarettes at the station, considering the serious safety risks posed by smoking. The firms are also working on efficient drilling using AI and better communication between employees.

Trafigura submits proposal for deepwater port
Aug. 7, 2018

Trafigura submits proposal for deepwater port

Trafigura, Singapore’s commodities trader, said that it has applied to build a deepwater port in Texas, capable of loading supertankers. The firm applied for the permit via its subsidiary Texas Gulf Terminals. Trafigura is looking forward to supplying the required oil export infrastructure to the US. Though the US is the second-biggest crude producer in the world, the country has failed in keeping up with its export infrastructure.

Cyberhawk reduces tanker inspection time
Aug. 7, 2018
Source: Energy Voice

Cyberhawk reduces tanker inspection time

Leading engineering firm, Cyberhawk reportedly reduced oil tanker inspection by seven times through the means of unmanned aerial vehicles (UAV). The technology specialist deployed UAVs to inspect 19 tanks on a US-flagged vessel at a Singapore shipyard. The work which would otherwise have taken seven days was completed in one day. It also removed the need for several requirements that normally arise during the operation.

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