Top Ten Oil and Gas Company in Singapore 2022 | Singapore Petroleum Industry

The oil and gas industry in Singapore has been growing rapidly over the last few decades. In fact, energy consumption is up by 50% since 2000. This means that there are more opportunities for companies to enter this lucrative market and make a profit. So, if you’re looking for an oil and gas company in Singapore or other petroleum companies in Singapore, then look no further! We can help you get started on your business venture today!

Oil and Gas Industry in Singapore

Singapore has been investing in the oil and gas industry for a number of years now, which is why it’s so important to stay updated on anything that could happen as a result. As they have done with other industries before, Singapore is hoping this investment will pay off by becoming one of their main sources of income.

The oil and gas industry is a big part of Singapore’s economy, making up around 16% of their GDP in 2016. This means that it was worth about $90 billion dollars. The petroleum companies in Singapore are responsible for most of this economic output, which means they have the most to lose if something were to happen within this sector.

Top Ten Singapore Oil and Gas Companies

The oil and gas industry in Singapore is booming. In the last decade alone, there has been a 20% increase in crude oil production and total hydrocarbon output. This growth is set to continue as more exploration companies are seeking out new opportunities for drilling offshore. 

In this post, we will look at some of the top 10 Singapore-based Oil and Gas Companies that have made major contributions to refining, storage, distribution, marketing, trading, and research sectors of the industry locally. 

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1.Schneider Electric- Biggest Singapore Oil and Gas Companies

Schneider Electric- Biggest Singapore Oil and Gas Companies
Schneider Electric- Biggest Singapore Oil and Gas Companies

Schneider Electric is a French multinational company that specializes in energy management and automation. This oil and gas company has been operating on Singaporean shores since 1975. They mainly produce commercial water heaters, air conditioning units, electric motors for home appliances, high-voltage power switches, and circuit breakers.

This particular oil and gas company was ranked number 16th globally in terms of revenue according to Forbes Magazine’s list of best global companies in 2015.

Schneider Electric has a net worth of €36 billion euros and employs over 140,000 people worldwide.

The Company’s revenue for 2016 was $57 billion USD or 49 million Euros ($56 million) per day with an operating margin of 16%. The global headquarters is located in Rueil-Malmaison near Paris. Schneider also operates its research center, producing high voltage switches, electric motors, power supplies, and controls sold under their various brands such as LEGRAND®, BASLER®, and STAGELINE™ (their subsidiary).

  • Industry: – Energy
  • Employees: – 135,000
  • Founded: –  1836, Le Creusot, France
  • Revenue : – 27.2 billion EUR
  • Headquarter: – Paris, France
  • Website: – https://www.se.com/
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2.Shell – Oil and Gas Company in Singapore

Shell - Oil and Gas Company in Singapore,
singapore oil and gas companies
Shell – Oil and Gas Company in Singapore

Shell is a multinational oil and gas company with operations in more than 70 countries. Shell has been operating in Singapore since 1954. Its headquarter office is located on the 18th floor of One Raffles Quay Tower 1, which houses its regional headquarters for Southeast Asia and Oceania. 

Shell’s business activities include:

  • Exploring new resources.
  • Refining crude oil into valuable products like gasoline or diesel fuel.
  • Producing petrochemicals and power from natural gas.
  • Trading such commodities as coal or electricity.

The Company also provides exploration services for new sources of energy.

In 2017 alone, they invested $1 billion USD in developing renewable energies. Shell employs 3200 staff in Singapore and has been a leading member of the local community for over 60 years, making significant contributions to education, science & technology, and social development.

  • Industry: – Oil & Gas Exploration & Production
  • Employees: – 10000+
  • Founded: – 1912
  • Revenue (USD): – US$ 37.376 billion (2013/2016)
  • Headquarter: – Houston, TX
  • Website: – https://www.shell.com.sg/

3.ABB- Petroleum Companies in Singapore

ABB- Petroleum Companies in Singapore, singapore oil and gas company list,
ABB- Petroleum Companies in Singapore

ABB is a Swiss-Swedish multinational corporation headquartered in Zürich, Switzerland. It operates mainly as an engineering company but also sells products specifically for the energy industry.

ABB operates in 170 countries and employs 100 000 people worldwide. Their core markets are utilities and industries like rail transportation (signaling system), oil & gas production, petrochemicals, or wind power. In addition, the Company provides various services for its customers and offers consultative solutions for large projects around the world to developing innovative digital technologies.

ABB has been operating in Singapore for over 50 years.

Oil and Gas Company UAE

  • Industry: – Energy
  • Employees: – 10000+
  • Founded: – 1988
  • Revenue (USD): – 27.98 billion USD (2019)
  • Headquarter: – Zürich, Switzerland. Ayer Rajah at Singapore
  • Website: – https://new.abb.com/sg

4.Halliburton- Oil and Gas Company in Singapore

Halliburton- Oil and Gas Company in Singapore, petroleum companies in singapore
Halliburton- Oil and Gas Company in Singapore

Halliburton Company is one of Singapore’s largest oil & gas service companies, with over 55,000 employees. The Company provides engineering and construction for upstream wells to downstream process facilities and production chemicals. It has also offered a wide range of services from project management to completion tools since 1919.

The Halliburton Company’s operations in Singapore started back in 1959 when it set up its first office at Tanglin Road (Singapore), followed by opening an office on Middle Road two years later. As time passed, the Company expanded its operation more into the offshore and marine market through joint-venture with SHELL OIL COMPANY LIMITED during the 1965-1970s period. They introduced new advanced technologies available worldwide.

  • Industry: – Oil & Gas Services
  • Employees: – 55000+
  • Founded: – 1919
  • Revenue (USD): – 24 billion USD (2018)
  • Headquarter: –  Duncan, Oklahoma, United States,
  • Singapore- MARINA BAY FINANCIAL CENTRE
  • Website: – https://www.halliburton.com/
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5.SembCorp- Oil and Gas Company in Singapore

SembCorp- Oil and Gas Company in Singapore, oil and gas industry singapore
SembCorp- Oil and Gas Company in Singapore

Sembcorp is a major international oil and gas company with headquarters in Singapore. They are engaged in the exploration, production, refining, distribution of petroleum products and power generation businesses. The Sembcorp Group has been listed on the Main Board of the Singapore Exchange Securities Trading Limited since May 20th, 1998, under stock symbol S27 ( formerly SEAR).

Sembcorp was founded by the former Union Gas Singapore, which was later renamed to SembCorp Utilities. Today they are a major player in the global energy industry and have made investments worth billions of dollars worldwide.

The Company has more than 10000 employees from over 40 countries operating across six continents. They provide jobs for many people in Singapore.

  • Industry: – Energy
  • Employees: – 10000+
  • Founded: – May 20, 1998
  • Revenue: – S$301 million
  • Headquarter: – Singapore, Singapore
  • Website: – https://www.sembcorp.com/en/

6.Royal Vopak- Singapore oil and gas companies

Royal Vopak- Singapore oil and gas companies
Royal Vopak- Singapore oil and gas companies

Royal Vopak is a petroleum company that operates in Singapore and Rotterdam. The oil and gas service provider was founded by the Dutch Royal Shell Group, which owns 90% of its shares.

They have more than 1000 employees working worldwide, and they offer chemical storage services on six continents to customers from over 40 countries worldwide. They have more than 50 terminals globally, and in Singapore, they operate Penjuru Terminal with a storage capacity of 185,000 cubic meters.

  • Industry: – Oil & Gas Services
  • Employees: – 1000-5000
  • Founded: – 1999
  • Revenue : – 1.19 billion EUR (2020)
  • Headquarter: – Rotterdam, Netherlands
  • Website: – Royal Vopak

7.Chevron In Singapore Oil and Gas Company

Chevron In Singapore Oil and Gas Company
Chevron In Singapore Oil and Gas Company

Chevron is an oil and gas company headquartered in San Ramon, California. The organization has been in operation since 1879 when John D. Rockefeller founded it to produce paraffin wax from crude petroleum as a cheap substitute for expensive whale oil that then fueled the world’s lamp industry. Chevron operates on six continents and employs 44,679 people.

Chevron started its business in Singapore in 1941 by drilling for oil and gas.

In the late 1950s, Chevron was operating in nine countries, including Singapore, producing oil and gas.

Chevron’s first successful bid on a concession in Malaysia came from Singapore at offshore Sabah, which operated from 1954 to 1962 when Exxon overtook them through acquisition.

  • Industry: – Oil & Gas Exploration & Production
  • Employees: – 44,679 (2019)
  • Founded: – 1879
  • Revenue (USD): – 146.5 billion USD
  • Headquarter: – San Ramon, CA
  • Website: – https://www.chevron.com/worldwide/singapore
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8.TotalEnergies- One of the Best Singapore oil and gas Companies

TotalEnergies- One of the Best Singapore oil and gas Companies
TotalEnergies- One of the Best Singapore oil and gas Companies

The Company operates in more than 130 countries with 280,000 employees.

In Singapore, TotalEnergies is a leading oil and gas company that provides specialty products such as aviation fuel and lubricants for various industrial applications. They are also a part of an international consortium providing services and support related to energy transportation through pipelines, LNG, and seaborne trade.

TotalEnergies has been in Singapore for over 15 years with 500 employees, including the head office, which is located at Woodlands, Singapore.

The Company contributes to economic development by sourcing locally where possible and investing in local projects such as MRT Powering Up 2020 Project.

Oil and Gas Company in Dubai

  • Industry: – Energy
  • Employees: – 107,776 (2019)
  • Founded: – 1924
  • Revenue (USD): – 200.3 billion USD (2019)
  • Headquarter: – Courbevoie, France
  • Website: – https://www.totalenergies.com/

9.TechnipFMC- Oil and Gas Company in Singapore

TechnipFMC- oil and gas company in Singapore, oil and gas company in singapore
TechnipFMC- oil and gas company in Singapore

TechnipFMC is the third-largest oil and gas company in Singapore. This Company was founded in 2015. It operates mainly in offshore oil exploration projects around the world.

Technip also provides subsea production systems used for drilling wells into deep water reservoirs of natural resources such as

  1. Petroleum,
  2. Natural gas (including shale gas),
  3. Geothermal energy sources,
  4. Coal bed methane from coal-bearing formations,

Biofuels such as biodiesel are often created from the conversion of biomass or biogas by a process that consumes oxygen and produces carbon dioxide as an intermediate product.

  • Industry: – Energy
  • Employees: – 10000+
  • Founded: – 2015
  • Revenue (USD): – 13.41 billion USD
  • Headquarter: – London, United Kingdom
  • Website: – https://www.technipfmc.com/

10.Saipem- oil and gas industry Singapore

Saipem- oil and gas industry Singapore
Saipem- oil and gas industry Singapore

Saipem Singapore is an oil and gas industry company. They specialize in offshore drilling, engineering, construction, project management services, marine operations, and other related activities. The Company was founded in 1957 in Italy by Enrico Mattei to provide oil companies with technical expertise to design and construct their facilities. 

Saipem Singapore has been operating for over 50 years now. It provides a wide range of petroleum products, including crude oil, natural gas liquid (NGL), and liquefied natural gas (LNG). Saipem also offers exploration and production services that include well-development projects and workovers; pipeline installations; subsea installation; artificial lift solutions; enhanced recovery methods such as water flooding or CO injection; and cementing of subsea structures.

  • Industry: – Oil & Gas Services
  • Employees: – 10000+
  • Founded: – 1957
  • Revenue: – 8.526 billion EUR
  • Headquarter: – San Donato Milanese, Italy
  • Website: – https://www.saipem.com/

Conclusion:

I hope you found this article helpful in understanding the oil and gas industry in Singapore and the top ten Singapore oil and gas companies. If you have any questions or suggestions, please comment below.

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