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The Platts assessment process determines the value of physical commodities 15–30 days forward for many oil products loading in Singapore. [1]MOPS is an acronym that stands for the Mean of Platts Singapore, and typically refers to any contract mechanism that derives its value by referencing the average of a set of Singapore-based oil price assessments published by Platts.
Singapore Petroleum Company Limited, in short SPC, is a Singaporean multinational oil and gas company. It is involved in the exploration and production of petroleum , refining , trading and petroleum product distribution.
Data available until 2011 for fuel oil sales to the international marine shipping sector reports 207.5 million tonnes total fuel oil sales with HFO accounting for 177.9 million tonnes. [ 9 ] Marine vessels can use a variety of different fuels for the purpose of propulsion, which are divided into two broad categories: residual oils or distillates.
MGO (Marine gas oil) - Roughly equivalent to no. 2 fuel oil, made from distillate only MDO ( Marine diesel oil ) - Roughly equivalent to no. 3 fuel oil, a blend of heavy gasoil that may contain very small amounts of black refinery feed stocks, but has a low viscosity up to 12 cSt so it need not be heated for use in internal combustion engines
An oil spill caused by a dredger boat hitting a stationary cargo tanker has blackened part of Singapore’s southern coastline, including the popular resort island of Sentosa, and sparked concerns ...
An oil sheen was also seen in the waters surrounding Sister's Islands Marine Park, a 400,000 square meter marine protected area, the statement added. Singapore is a global shipping and fuel ...
An oil spill affecting Singapore has spread beyond a luxury beach resort to a marine reserve and other parts of the island as the authorities intensify cleanup efforts.
Chemoil Energy Limited is an oil trading company incorporated in Hong Kong and has its headquarters in Singapore. The company is amongst the largest independent physical suppliers of marine fuel products in the world. It has physical operations in Los Angeles, New York, Houston, Singapore, Panama and the Amsterdam-Rotterdam-Antwerp (ARA) region.