Views
4 months ago

Petromin marine and offshore Jan-Feb Issue

Country Feature Gas

Country Feature Gas Providing Timely Boost “ Singapore will stay relevant in the global marine and offshore engineering (M&OE) industry despite the recent headwinds from a prolonged sectoral downturn. In 2018, the oil & gas sector is expected to continue its recovery, as oil majors adapt to the lower oil prices environment and are better positioned to proceed with final investment decisions. ” Singapore’s strategic location between the Indian and Pacific Oceans and near the Strait of Malacca has allowed it to become one of Asia’s major petrochemical and refining centers and oil trading hubs. Singapore has worldclass refining, storage, and distribution infrastructure, and Jurong Island on the southern edge of the country is the center of Singapore’s petrochemical industry. Several major international energy companies operate retail networks in the area. Singapore’s government plans to promote long-term growth in refining capacity and oil storage capacity in order to maintain its market position as a refining and oil-trading leader. Singapore has no indigenous hydrocarbon reserves and must import all its crude oil and natural gas. In 2015 Singapore’s total primary energy consumption included approximately 87% of crude oil and petroleum products, 13% of natural gas, and less than 1% of other fuel sources, according to the recent BP Statistical Review of World Energy. 6 January to February 2018

Singapore has carved a niche as an enabler in the energy and marine industries. However, the lack of natural resources has not hindered Singapore from being a key player in the energy and marine industries. In tandem with how the country’s economy was built, Singapore managed to become a key player by banking on a long-term vision, a strong workforce, a focus on engineering and technologies, political stability and excellent infra-structure. The government of Singapore has played a vital role in promoting the country as an engineering hub as well as an effective platform for companies to locate their regional headquarters. In essence, Singapore has carved a niche as an enabler in the energy and marine industries. In the upstream sector Singapore is active across various fields, but two points of focus is vessel construction and repair and LNG. Construction, Conversion and Rehabilitation ing of jack-up rigs and the conversion of FPSO (Floating Production Storage and Offloading) units. It is also a niche player in the construction of customised and specialised vessels. Globally renowned for its reliable and convenient range of comprehensive marine services, Singapore is a one-stop marine centre for shipowners, managers and agents around the world. Generating an annual turnover of close to $10 billion and employing some 100,000 workers, the marine industry plays a crucial part in Singapore’s economic growth. Ship repair and conversion form the backbone of the local marine industry, accounting for more than half of the total revenue. Ship repair in Singapore dates back to when the first dry dock was built in 1859. Due to active government encouragement and technology transfers in the late sixties, business became more international, and by the mid-seventies, Singapore was firmly established as a major international ship repair centre, particularly for larger vessels. It has maintained its leading position since then. The Singapore marine industry has seen significant growth over the last 40 years, evolving from a small regional ship repair and building centre into a world-class industry that serves international clientele. The industry includes ship repair, shipbuilding, rig-building and offshore engineering, and other marine supporting services. Today, Singapore is one of the world’s premier ship repair and ship conversion centres as well as a global leader in the build- The marine and offshore engineering (M&OE) industry accounted for S$3.6 billion, or 1 per cent of Singapore’s gross domestic product and employed more than 23,000 locals in 2016. The industry has also grown from its humble beginnings of just four domestic marine firms to an eco-system anchored by homegrown international names, notably Keppel Offshore & Marine (KOM) and Sembcorp Marine, and backed by over 1,000 small and medium enterprises. January to February 2018 7

July/August 2010 - Keppel Offshore & Marine
January – February 2010 - Keppel Offshore & Marine
May/June 2010 - Keppel Offshore & Marine
keppelite february 2013 issue - tj giavridis marine services co. ltd.
September/October 2010 - Keppel Offshore & Marine
Dolphin Jan-Feb 2013.pdf - Sembcorp Marine
keppelite february 2013 issue - tj giavridis marine services co. ltd.
keppelite april 2013 issue - tj giavridis marine services co. ltd.
keppelite april 2013 issue - tj giavridis marine services co. ltd.
GineersNow Oil and Gas Leaders Magazine May 2017 Issue 002, McDermott Offshore
A Review of Offshore Marine Habitats, Resources, and Issues in ...
The Marine Logistics Specialist in Offshore Support & Out-Port-Limit
Jan/Feb 2010 Issue - County Woman Newspapers
Comprehensive Study Report - Canada-Newfoundland Offshore ...
Jan-Feb 2013 issue - Oil India Limited