Shell said on Monday there was no impact to operations after an oil leak over the weekend from a land-based pipeline at Shell Energy and Chemicals Park Singapore on Bukom island, adding that the leak had been stopped.
"We estimate that approximately 30-40 metric tonnes of slop, which is a mixture of oil and water, was leaked into the sea," the company said in a statement, adding that it was working with all relevant authorities to manage the clean-up effort.
"There is no impact to Bukom operations or supply. The leak has been stopped and we are taking steps to clean up the oil which has spilled," a Shell spokesperson said in an email.
Shell Singapore in August shut down one crude distillation unit (CDU) and other facilities at its refinery in Bukom for a scheduled overhaul. The maintenance was expected to end in the first half of October.
The company sold its refinery and petrochemical plants in Singapore to a joint venture company between Indonesia petrochemicals producer Chandra Asri and major trading house Glencore GLEN.L in early May. The transaction is expected to be completed by the end of 2024.
Earlier this year, beaches on Singapore's Sentosa island were closed after an oil spill spread from a nearby shipping terminal to the tourist haven south of the city-state.
ADNOC Distribution has reported a net profit growing by 15.6 per cent year-on-year to $579 million in the first nine months, with an EBITDA increase of 12 per cent to $885 million, its strongest performance since listing in 2017.
TECOM Group has announced a 20 per cent revenue growth reaching more than AED 2.1 billion, with a net profit exceeding AED 1.1 billion, marking an 18 per cent year-on-year increase.
The Dubai Financial Market (DFM) has announced its consolidated financial results for the nine months ending September 30, reporting a net profit before tax of AED 930.8 million, an increase of 212 per cent compared to the same period in 2024.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
The UAE has launched an urgent humanitarian mission to assist communities affected by Hurricane Melissa, which devastated parts of Jamaica, Haiti and Cuba.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, looked at ways to advance cooperation with South Korea in key sectors during talks with President Lee Jae-myung in Gyeongju.