Big Oil in transition: Industry faces disruption amid Shell’s review of S’pore business
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The “strategic review” announced by Shell has sparked talk the company may sell its plants or decommission them if a suitable buyer cannot be found.
PHOTO: ST FILE
SINGAPORE – Shell’s decision in June to assess the viability of its plants on Pulau Bukom and Jurong Island says more about the challenges to the global petroleum industry than the future of Asia’s fifth-largest refining hub.
The “strategic review” announced by the London-based energy giant has sparked talk that the company may sell its plants or decommission them if a suitable buyer cannot be found.