Singapore

Energy & commodities

While renewable and clean sources of energy continue to gain popularity and traction among industries and consumers, oil & gas remains the world’s primary source of energy.

However, political and infrastructure risks faced by producers can escalate costs rapidly and render projects unprofitable. The inherent industry risks – environmental considerations, market volatility and complex cross-border operations – coupled with snowballing regulatory compliance and reporting requirements, continue to put pressure on oil & gas companies.

In September 2013, the Singapore Exchange (SGX) stepped up its efforts to regulate listing of mineral, oil and gas (MOG) companies through the introduction of new admission rules applicable to MOG companies with a view to better safeguard investors' interests and offer more investment choices in the sector. Some of these requirements include:

  • Listing aspirant that is not in production should have a market capitalisation of not less than S$300 million based on the issue price and post-invitation issued share capital;
  • Sufficient working capital for 18 months from listing;
  • At least one independent director with appropriate industry experience and expertise;
  • Appoint an audit firm with the relevant industry experience; and
  • Include in the offer documents a valuation report on the company's reserves and provide an independent qualified person's report on significant resources or reserves.
Our Services

The LNG tsunami: Trends and challenges for US middle market companies

The last decade has seen enormous developments in the trade of liquefied natural gas. In 2018, the global LNG market more than tripled from the volumes seen in 2000 and grew at an annual rate of 8.3% to 313.8 million metric tons per year. Last year, there were 42 countries importing LNG compared to only 18 countries in 2008.1
2 December 2019

Energy trends to watch in 2019

Innovative technology is changing the way businesses are managed, and the energy sector, while not leading the way, is nevertheless seeing an increase in the use of artificial intelligence, telematics and big data to lower costs, streamline operations and enhance safety.
2 December 2019

key contacts

 

Chan Weng KeenChan Weng Keen
Partner &
Industry Lead

T: +65 6594 7864
E: ChanWengKeen@RSMSingapore.sg

Peter Tan

Peter Tan
Director, Audit & Deputy Industry
Lead

T: +65 6594 7473
E: PeterTan@rsmsingapore.sg