Showing 591-600 of 659 results

Glencore’s Singapore head of oil takes over as LNG boss

GLENCORE’S head of oil in Singapore Quek Chin Thean has become the new director of the company’s liquefied natural gas (LNG) division after veteran Mark Catton retired at the end of October, sources familiar with the matter said. The move comes as the commodities trader and miner shakes up its leadership, making way for a […]

Port of Singapore’s ban on open-loop scrubbers could boost LNG-fuelled vessels

The Port of Singapore’s surprise decision to ban the discharge of scrubber-produced pollutants known as ‘wash water’ into its seas is likely to accelerate the use of LNG as marine fuel – especially in the Asia Pacific region – because of the importance of the port as a bunkering facility. The announcement, which was made by the […]

Singapore reforming spread near 8-year low on gasoline overhang, poor blend demand

Singapore — The Singapore reforming spread, which measures the difference between FOB Singapore 92 RON gasoline and the FOB Singapore naphtha derivative, tanked to a near eight-year low of $6.58/barrel at 0830 GMT close of Asian trade Tuesday, pressured by thin blending demand thanks to a chronic oversupply of gasoline. The reforming spread was last […]

Singapore startup SolarHome raises $10m debt from crowdfunding platforms

Singapore-based solar energy startup SolarHome announced that it has raised $10 million in debt financing from a consortium of investors including Japan-based cross-border crowdfunding platform Crowdcredit and Sweden-based crowdfunding platform Trine, it said in a statement on Wednesday. The investment follows on the $4.2 million raised via convertible notes earlier this year from Trirec, Insitor […]

UPDATE 1-Asian gasoline refining margins crash to loss-making 7-year lows

SINGAPORE, Dec 5 (Reuters) – Singapore’s refinery margins for making gasoline have fallen to their weakest levels in seven years – so low that churning out this key motor fuel has become a loss-making business. Seen as a benchmark across Asia, Singapore margins for 92 RON gasoline against Brent crude oil GL92-SIN-CRK hit minus $1.44 […]

Acromec joint venture to power new energy plant with chicken waste

A SUBSIDIARY of engineering-services provider Acromec is diversifying into the renewable-energy sector, having inked a letter of intent (LOI) with egg producer Chew’s Agriculture to operate a waste-to-energy power plant that will use chicken manure as feedstock. (see amendment note) Acropower, an 80:20 joint venture between Acromec and Malaysian alternative energy company Green Energy Resources, will […]

NYK to Participate in Demonstration of Tidal Energy in Singapore

Yesterday, NYK and MTI Co. Ltd. have reached an agreement to participate in a long-term demonstration of tidal energy being sponsored by MAKO Energy Pte. Ltd.* and Sentosa Development Corporation**, which will provide the demonstration site. The demonstration will start next spring in a first-time attempt to commercialize tidal energy in Singapore. 1.Background In accordance […]

More LNG traders prefer to keep their fuel inside vessels

SOME liquefied natural gas (LNG) sellers aren’t in a rush to deliver their multimillion-dollar cargoes. With uncertain demand and no signs yet of bitter cold, some traders are preferring to keep their fuel inside vessels in the hope prices will rise. While the sight of stationary cargoes might not be unusual in the more-established oil […]

Singapore’s GIC backs EV charging network ChargePoint’s $240m funding

Singapore’s sovereign wealth fund GIC has joined a group of investors backing the $240-million Series H funding in ChargePoint, a California-headquartered electric vehicle charging network, according to an announcement. ChargePoint claims to have more than 57,000 independently owned public and semi-public charging spots and thousands of customers. Other investors in the round include American Electric […]

The sharing economy for energy is coming to Singapore

A local start-up is on the way to bringing peer-to-peer energy trading to Singapore, which its founder says will grow the renewable energy market in the sun-drenched island nation. A Singapore start-up has launched a trial for the country’s first peer-to-peer energy trading platform. Called Synergy, the platform will enable Singapore residents to produce, buy and sell renewable […]