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Singapore Oil & Gas Projects Worth Watching
Celebrating its sixth year running as the world’s top shipping centre, Singapore has maintained its reputation as the undisputed oil hub in Asia. Showing unwavering strength within the Oil & Gas industry, job opportunities and developments are continuing to pour into Singapore’s world-famous ports.
1. ExxonMobil Refinery Expansion
Contractors: Tecnicas Reunidas, Wood, Linde
2. Karish-Tanin FPSO
Operators: Energean Oil & Gas
Contractors: TechnipFMC, Sembcorp, COSCO
Energean’s latest Floating Production Storage and Offloading (FPSO) unit is being developed in Singapore before sailing to their Karish and Tanin development in Israel.
3. Neste Refinery Expansion
Another major refinery project taking place this year, is the expansion to the Neste Singapore biofuel refinery.
Extending their existing facility within the Tuas industrial area, Neste is investing 1.5 billion dollars (1.4b euros) in growing the facility to enhance their biofuel refinery capabilities.
Neste’s Singapore refinery currently produces the world’s cleanest renewable diesel, providing up to 90% lower GHG emissions compared to conventional diesel over its life cycle.
Last year, TechnipFMC was awarded a major contract to supply Engineering, Procurement and Construction services to build the new Neste biofuel refinery, in Singapore.
The highly-reputable EPC business originally built Neste’s existing biofuel refinery, which opened back in 2011. During the peak of construction, around 5,000 employees worked on site to complete the project, employing contractors from the Singapore region and expats from 12 other countries around the world.
The ongoing development will further cement Neste as the world’s largest producer of renewable fuels from waste and residues, increasing their current an annual production capacity of 2.7 million tons.
Neste’s development of clean alternatives to fossil fuels represents a huge step for Singapore's growing commitment to reducing emissions, mirroring the Singapore government’s recent announcement to unconditionally reduce total greenhouse emissions intensity by 36 per cent by 2030.
As well as providing a step forward in environmental responsibility, the expansion project is also anticipated to have a positive impact on oil & gas and engineering employment within the country, as over 6,000 contractors projected to be hired during the 2.5 year development.
You can read more about the NESTE refinery expansion here: https://www.firstrecruitmentgroup.com/clients/oil-gas-business-news/client-spotlight-technipfmc-and-neste-biofuel-refinery-singapore
4. Liza Phase 2
Operators: ExxonMobil (Esso Exploration) / Hess Corporation
Contractors: SBM Offshore, Dyna-Mac
Following the ceremonious launch of the Liza Destiny FPSO from Keppel's Singapore yard in June, ExxonMobil is already developing the second phase of the project for offshore Guyana.
Are you looking for job opportunities in Singapore?
With such large scale Oil & Gas projects in Singapore, job opportunities are on the rise.
For more details about our Singapore recruitment team, check out our capability brochure here.
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“I have worked with First Recruitment Group as my partner of choice across a number of large and challenging Oil & Gas projects internationally over recent years.
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