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…
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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…
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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…
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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…
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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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What's New

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 ...
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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 ...
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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 ...
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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) ...
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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 ...
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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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IEA in talks with India for full membership

Ministers from the International Energy Agency’s member countries have agreed to start discussions with India on the Indian government’s request to become a full IEA ...
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Takayuki Matsubara to come onboard as CEO of KBC

KBC (A Yokogawa Company) has announced the appointment of Mr. Takayuki Matsubara as its new Chief Executive Officer and member of the KBC board of ...
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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 ...
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) ...
Read More

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