Singapore is a small country with an area of only 728.6 km², but its strategic location has made this country the choice of several oil and gas companies in Singapore.
Singapore is a country that does not have oil fields. But for decades this country has become one of the world’s largest oil producers. Because it has many oil refineries.
Singapore’s strategic location and ease of investment and licensing. This is a reason why many multinational oil companies place their oil refineries in the country.
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Singapore geolocation
Geolocation of Singapore citing from Wikipedia. Singapore is an island nation located off the southern tip of the Malay Peninsula, 137 kilometers north of the equator in Southeast Asia.
The country is bordered by Malaysia, separated by the Strait of Johor in the north. And from the Riau Archipelago, Indonesia by the Strait of Singapore in the south. at 1° 17′ 0″ N, 103° 50′ 0″ E.
Singapore uses several official languages Malay, English, Tamil, and Mandarin. Use currency Singapore Dollar(SGD), and is a model country Unitary parliamentary republic government. In 2020 the world bank data shows The population in Singapore is 5.686 million.
The oil industry in Singapore
Although Singapore is a small country, it is a developed country and is the center of the shipping hub in Southeast Asia.
Singapore’s main activities are exports and imports, particularly in the petroleum processing industry, electronics manufacturing, chemicals, shipping, processing of raw rubber and foodstuffs, ports, services, and the tourism sector.
Particularly in the oil industry, Singapore has around 95 petroleum organizations according to Wikipedia.
This country is ranked 78th on the list of world oil-producing countries. Singapore is estimated to be able to produce around 20,170 barrels of crude oil per day.
Singapore’s oil industry contributed 5% of GDP in 2009 for a total of 57 million Singapore dollars. Some of the leading oil companies are based in Singapore such as Exxon Mobil and Lanxess.
In fact, Singapore is the largest physical oil trading center in Asia. And two of the world’s largest oil rig makers SembCorp Marine and Keppel Corporation are also based in the country. Singapore managed to control 21% of the world market of more than 213 million metric tons of bunker fuel in 2019.
Top oil companies in Singapore
Being a physical oil trading hub in Asia, it is very attractive for multinational oil companies to invest in Singapore due to its ideal location and easy regulatory support. The following are some of the top oil companies in Singapore, citing various sources.
ExxonMobil Singapore
This company is the successor of Standard Oil which was founded by John D. It is a multinational oil and gas company. ExxonMobil is headquartered in Irving, Texas, United States of America, but operates in various countries including Singapore.
ExxonMobil Asia Pacific Pte. Ltd. is a foreign investor who invests in Singapore with assets of more than S$25 billion. Operating for more than 125 years, ExxonMobil has a total of 4,000 employees in Singapore.
Shell Singapore
Shell is the world’s leading oil company, which is a multinational oil and gas company headquartered in the Netherlands and registered in the UK.
The brand name of Shell is Royal Dutch Shell plc, however, that has changed to Shell plc in January 2022.
Regarding Shell in Singapore, this company has been in Singapore since 1891 dealing in the trading and marketing of liquefied natural gas, including manufacturing, shipping of oil products and chemicals; and development of renewable energy solutions.
Halliburton Singapore
This company engaged in fossil fuel with headquartered in Houston, Texas, and Dubai, UAE, founded in 1919 by Erle P. Halliburton.
The company chose Singapore where it operates to be the global manufacturing and technology headquarters for Completion Tools. Halliburton is one of the world’s largest oilfield services and equipment companies. Operates in +70 countries across the continent.
The company has 800 professional employees, managers engineers, and technicians to serve four business units. This company segment includes providing services and products related to the exploration, development, and production of oil and natural gas. With four main sectors namely Completion and Production, and Drilling and Evaluation.
Chevron Singapore
This is one of the world’s leading oil companies. Chevron Corporation is Headquartered in San Ramon, California, the USA. It operates in more than 180 countries. Chevron was founded in 1879 in California, United States.
In Singapore Chevron operates under its subsidiary Chevron Singapore Pte. Ltd. This multinational company chose Singapore as the regional headquarters for its Downstream operations in Asia. Engaged in manufacturing, marketing, and lubricants business.
Specifically for manufacturing lubricant additives operated by Chevron Oronite Pte. Ltd. Chevron also owns a 50% stake in the Singapore refinery for marketing in the Asia-Pacific.
TechnipFMC Singapore
TechnipFMC was founded on January 17, 2017. And legal domicile in London, England, with operations headquarters in Houston Texas.
This company owns two separate companies the French-owned Technip and the American-owned FMC Technologies. Start operating in Singapore in 1975 and then merged in 2017 to become TechnipFMC plc.
The company’s legal name is FMC Technologies Singapore Pte Ltd.
TechnipFMC operates in three segments, namely for underwater projects, the second is offshore/onshore, and the third is on the surface. The company is operate in the exploration and extraction of offshore oil and gas, rigs, and crude oil refineries.
It also manufactures for petrochemical plants such as Ethylene, Hydrogen, SynGas, Naptha, Benzene plants, etc.
Total energies Singapore
Total Energies is a multinational company that is one of the leading oil and gas companies in the world. The total employees of this company reach 98 thousand people. The total employees in Singapore are 600 employees and started operating in 1982.
In addition to being an oil company, Total Energies, which partners with SunPower and Total Solar, has entered the solar energy industry.
Schneider Electric Singapore
Found in 1836, Schneider Electric is a French multinational company. In Singapore, the official company name is Schneider Electric Singapore Pte. Ltd. whose address is 50 Kallang Avenue Schneider Electric Building Singapore 339505.
The company engages in various industrial fields, in particular providing digital solutions for various industries. In the oil and gas industry, Schneider Electric plays a role in onshore and offshore, pipeline management, LNG and gas processing, terminals, refining, and petrochem.
Schlumberger Singapore
Schlumberger is an oilfield service provider company founded in 1926 with Headquarters in Houston, Texas, USA.
This multinational company operates in more than 140 countries. In Singapore, Schlumberger’s address is 1 Phillip Street #03-01 Royal One Phillip Singapore, 048692 Singapore.
Schlumberger Oilfield (S) Pte. Ltd. is a company that supports mining, quarrying, and oil and gas extraction activities, as well as oil field services.
BP Singapore
BP Singapore Pte. Ltd. is a company founded in 1966, engaged in integrated oil services. Refining and marketing of oil, gas, Liquid Petroleum Gas, and lubricants.
BP Singapore’s address is 7 Straits View, #26-01 Marina One East Tower, Singapore 018936.
For more than 50 years the company has been operating in Singapore, in 2015 partnered with the National Paralympic Council, to cooperate for the mobilization of human energy to achieve extraordinary performance.
Air Liquide Singapore
Air Liquide is a gas, technology, and service company for Industry for Health. This company found in 1002 with 66,400 employees operating in more than 74 countries.
The company has been operating in Singapore and Riau since 1911.
Keppel Offshore & Marine Singapore
Keppel Offshore & Marine is a company that provides solutions for the offshore, marine, and energy industries. Repair and modification of rigs and ships, and development of integrated solutions for the infrastructure and offshore renewable industries.
Oil company Singapore
Although Singapore is only a small country, the oil industry in this country is very strategic as a shipping hub in the Asia Pacific. Many companies are engaging in oil and gas as well as energy in this country.
Oil companies in Singapore are not only among the top companies described earlier. There are still many oil companies which if traced further, more than 325 companies are located in Singapore.
RH petrogas limited, SAZ Oilfield Services, Curve Marine, AP Oil International, The Lubrizol Corporation, CNOOC Limited, SPC, and many more.
Oil refinery companies in Singapore
Singapore is a global oil trading center and global refining center. Due to its strategic location at the intersection of the Indian and Pacific Oceans, it is very convenient with a supportive legal system.
Singapore’s crude oil refining capacity is 1.5 million barrels per day (bbl/d). The three largest oil refineries operating in Singapore are:
- ExxonMobil. The company produces 605,000-bbl/d on Ayer Chawan Island. ExxonMobil is an oil refinery from the merger of the two former locations of the Mobil and Esso refineries. Both later merged with Exxon and Mobil in 1999. The Mobil refinery was located in Jurong (Jalan Perintis) in 1966, while Esso operated on Ayer Chawan Island (now part of Jurong Island) in 1970.
- Royal Dutch/Shell. This oil refinery is capable of producing 500,000-bbl/d located on Bukom Island. It is Singapore’s first oil refinery built-in 1961.
- Singapore Refining Company. This oil refinery is capable of producing 290,000-bbl/d located on Merlimau Island. It is a joint venture between Singapore Petroleum Company Limited and Chevron Singapore Pte. Ltd. with a location on Jurong Island.
Final thought
Singapore is a small country but it is the only developed country in Southeast Asia. The country has strategic geolocation for trade routes in the Asian region.
Although this country does not have mining products, Singapore has adequate human resources. Schools and universities support future industrial needs. In the fields of information technology, engineering, and industrial management.
The government of this country relies on a sector made by humans as an object of economic support. Singapore is known to be very advanced in the automotive, banking, and tourism industries.
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