Big Oil

Big Oil will miss the financial discipline imposed by ESG

After a long silence, big asset managers are again talking about their fossil-fuel funds

The continued corporate focus on deep-water drilling highlights that the risk appetite of major oil firms remains high.

Drill, baby, drill: Has Big Oil learnt anything from Deepwater Horizon?

The legacy of history’s largest marine spill is back in focus as the industry prepares to go even deeper

The reclamation of Jurong Island in the 2000s created an integrated energy and chemicals cluster that now houses over 100 companies powering regional energy trade.
BRUNCH

From rubber roots to risk management: Singapore’s 60-year mastery of global trades

Today, the Republic acts as a central node for price discovery in key commodities, housing almost 400 international players

Adnoc has been on a shopping spree for gas assets in recent years, gradually transforming itself from a business that lives and dies on black gold, to one that cares as much about LNG ships as oil tankers.
THE BOTTOM LINE

Even Big Oil thinks Big Oil is too risky these days

Adnoc’s bid for Santos shows oil producers are going after LNG to counter declining demand and war

The sites are coming up for sale as Big Oil faces shareholder pressure to trim portfolios to focus on assets with the best returns, while also offloading or cleaning up major polluting businesses like refineries.

Cash-rich energy traders are snapping up refineries from Big Oil

Owning those assets offers a chance to have more options when making trades, greater exposure to physical and paper markets and better insight into fuel supplies

Singapore’s energy and chemicals sector accounted for one-third of the Economic Development Board’s fixed-asset investment commitments in 2023.

Singapore energy scene in no danger of shake-up even as oil giants rejig portfolios: observers

Shell’s move to sell its refinery and petrochemical assets does not undermine Republic’s position as an oil hub

Last year, BP said its carbon emissions would not fall as quickly as anticipated, as it posted record annual profit thanks to soaring oil and gas prices.

No oil and gas majors aligned with climate targets: report

ALL major oil and gas companies plan fossil fuel expansion incompatible with limiting warming to 1.5 deg C, a new report said on Wednesday.

Market watchers say oil giants ExxonMobil and Chevron have put in place “very large premium-priced deals” for their respective acquisition targets. 

Big Oil mergers could trigger more deals, consolidation in South-east Asia crude sector

BIG Oil is on the move, and South-east Asia’s crude oil sector is bracing itself for a shake-up. In the wake of deals recently announced by ExxonMobil and Chevron, industry watchers say more mergers, ...

Contrary to their rhetoric, the actual behavior of the oil companies suggests either they do not believe a low-carbon transition will occur, or they will not be as profitable if it does.

Behind all the talk, this is what Big Oil is actually doing

It seems increasingly evident that the oil industry is unable or unwilling to help chart a path towards a cleaner energy future