Singapore Budget announces $5B investment in Future Energy Fund
Singapore is set to address emerging security challenges in the way of energy, said the country’s Deputy Prime Minister Lawrence Wong at the nation’s budget announcement last Friday. This has led to the set-up of a Future Energy Fund, with an initial injection of $5 billion – this fund will allow for a transition from…
Read More Indonesia, Singapore sign outline pledge on carbon storage
Singapore has become the first country to sign a letter of intent with Indonesia on cross-border collaboration on capture and storage of carbon dioxide (CCS) following a new Indonesian law to allow it, the governments said on Thursday. Indonesia, which sees potential to develop its upstream natural gas sector and CCS as part of the…
Read More Leong Wei Hung to succeed Tan Soo Koong as Chief Executive Officer of Singapore LNG Corporation
With effect from 7 April 2024, Mr Leong Wei Hung will succeed Mr Tan Soo Koong as the Chief Executive Officer of Singapore LNG Corporation Pte Ltd (SLNG). To allow for a period of transition, Mr Leong has assumed the role of CEO (Designate) of SLNG from 1 February 2024. Mr Leong has been a…
Read More Aramco expands global venture capital programme with $4bn funds injection
Aramco has allocated an additional $4 billion to its global venture capital arm, Aramco Ventures. It will more than double the capital allotted to Aramco Ventures, increasing its total investment allocation from $3 billion to $7 billion. It will take Aramco’s overall venture capital allocation to $7.5bn, which also includes the $500 million venture capital…
Read More New CCS Hub Alliance to deliver decarbonisation solutions to CO2 emitters
DORIS, Axens, AWT International, Sea-Quester Offshore and Surbana Jurong Infrastructure have announced the formation of the CCS Hub Alliance, a partnership dedicated to delivering cost-effective and risk-reduced decarbonisation solutions to hard-to-abate CO2 emitters. With the timetable for penalties on hard-to-abate CO2 emitters being mandated in an increasing number of countries, the Alliance has been formed…
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Islamic Development Bank approves $225 million, financing new development projects in energy & infrastructure
The Islamic Development Bank (IsDB) has approved approximately US$225 million to finance new development projects in member countries. The Board of Executive Directors, chaired by ...
Read More Technip Energies, JGC and NPCC receive limited notice to proceed for Ruwais LNG project
Technip Energies, leader of a joint venture with JGC and NPCC, have received a Limited Notice To Proceed from ADNOC to commence early engineering, procurement ...
Read More GC tops S&P global ESG scores
Dr. Kongkrapan Intarajang, CEO and President of PTT Global Chemical Public Company Limited or GC, has revealed that GC has been ranked in the global ...
Read More Pertamina achieves Good score in global climate change action
PT Pertamina (Persero) recently obtained a B score from the global non-profit organization CDP (formerly known as the Carbon Disclosure Project). This "management" level score ...
Read More Core Curriculum: Deconstructing Petchem Development in the New Carbon Economy
This op-ed was written by William I.Y. Byun, Chief Sustainability Officer, ChemOne Group. The figures are simply staggering: over 90% of the world’s GDP ($38 ...
Read More ENEOS, JX Nippon, Mitsubishi Corporation and PETRONAS to Evaluate and Establish CCS Value Chains from Tokyo-Bay to Malaysia
ENEOS, JX Nippon, Mitsubishi Corporation, and PETRONAS CCS Solutions Sdn Bhd – an affiliate of Malaysian national oil company PETRONAS – have signed a Memorandum ...
Read More TotalEnergies to Supply Sembcorp with 0.8 Mtpa of LNG for 16 Years
TotalEnergies has signed a sale and purchase agreement (SPA) with Sembcorp Fuels, a wholly owned subsidiary of Singapore-based Sembcorp Industries. The deal entails the delivery ...
Read More ExxonMobil and Shell to work with Singapore government on CCS value chain
ExxonMobil and Shell have formed an S-Hub consortium to evaluate and develop a cross-border carbon capture and storage (CCS) project for reducing carbon dioxide (CO2) ...
Read More Air Liquide to invest over $72M for new plant in Singapore
Air Liquide has announced its investment of over 50 million Euros (SGD 72.5 million) to build a new plant in Singapore, as well as revamp ...
Read More IEA partners with Singapore for first office outside of Paris headquarters
Singapore and the International Energy Agency (IEA) announced the establishment in Singapore of an IEA Regional Cooperation Centre, which will work with all countries in ...
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