Singapore’s oil and gas sector is defined by its world-class infrastructure and innovation. The city-state is home to some of the world’s most advanced refineries, with the biggest oil and gas companies like ExxonMobil, Shell, and Singapore Petroleum Company operating large-scale facilities on Jurong Island and Pulau Bukom.

In 2024, the Singaporean oil and gas market recorded revenues of USD 147.1 billion with a compound annual growth rate (CAGR) of 8.8% from 2019 to 2024. These companies act as major exporters of oil and gas, leveraging Singapore’s strategic location to supply markets across Asia and beyond.

According to Blackridge Research’s Singapore oil and gas market report, the nation’s total market consumption reached 592.6 million barrels of oil equivalent (BoE) in 2024, driven by rising industrial demand and the expansion of manufacturing, construction, and mining sectors. 

In this blog, we spotlight the top 10 oil and gas companies in Singapore for 2025, ranked by the latest revenue figures.

List of the Top 10 Largest Oil and Gas Companies in Singapore 2025

Trafigura Pte Ltd

Trafigura Pte Ltd is the largest oil and gas company in Singapore. The company was founded in 1993 and specializes in infrastructure investments and an extensive logistics network to move oil, petroleum products, gas, and power from production hubs to high-demand regions.

As the second-largest independent oil trader globally, Trafigura drives large-scale trading operations and oversees regional investments across critical energy infrastructure pipelines, storage terminals, and fuel distribution networks.

Some of the investments and operating companies of Trafigura include: 

• MorGen Energy

• Nala Renewables

• Puma Energy

• Nyrstar

• Greenergy

Shell Singapore Pte Ltd

Shell Singapore Pte Ltd is one of the largest oil and gas companies in the world with a presence in the country for over 130 years. Shell Singapore plays a critical role in advancing the company’s integrated gas, LNG, and energy marketing businesses. The company is currently more focused on innovation, sustainability, and regional supply in Singapore.

Key Operations in Singapore:

1. Pandan Distribution Terminal: Main downstream distribution hub handling over 1 billion litres of products annually via jetty and 12 gantry bays.

2. Tuas Lubricants Oil Blending Plant (LOBP): One of Shell's top global facilities, supplying lubricants to over 40 countries with a focus on sustainable product innovation.

3. Pulau Bukom Manufacturing Site: An integrated fuels and petrochemicals complex with 13 jetties and an offshore Single Buoy Mooring (SBM) for crude imports and product exports.

4. Shell Jurong Island (SJI): A major petrochemicals production site on 60 hectares, manufacturing high-value chemicals like ethylene oxide, styrene monomer, and polyols for regional markets.

5. Bitumen Terminal: Adjacent to Pandan, equipped with blending facilities and dedicated top-loading bays for bitumen handling.

In April 2025, Shell completed the sale of its Singapore refinery and refining assets, including the Bukom and Jurong Island facilities, to a joint venture between Chandra Asri and Glencore.

ExxonMobil Singapore

ExxonMobil Singapore has been present in Singapore for over 130 years and has a workforce of more than 3,500 people. The company operates one of its largest and most advanced integrated refining and petrochemical complexes in the world.

Key Operations in Singapore:

Singapore Refinery: ExxonMobil’s largest refinery globally, with a combined capacity of 592,000 barrels per day across two sites, Jurong (Pioneer Road) and Pulau Ayer Chawan on Jurong Island.

Singapore Chemical Plant (SCP): The company’s largest chemical investment worldwide, producing 1.9 million tonnes of ethylene annually. It manufactures a wide range of petrochemical products, including plastics, butyl rubber, tackifiers, and oxo alcohols used in everyday items like food packaging and automotive parts.

Lubricant Plant: The largest ExxonMobil lubricant facility in Asia Pacific, producing mineral and synthetic lubricants for a wide range of applications. It is the flagship site for Mobil 1™ engine oil and supplies products to over 30 countries and territories.

ExxonMobil Singapore is upgrading its integrated manufacturing complex through the Singapore Resid Upgrade Project (SRUP), set for completion in 2025. The project will expand production of EHC™ Group II base oils to meet growing demand for high-performance lubricants in the Asia Pacific region.

Repsol Trading Singapore Pte Ltd

Repsol Trading Singapore Pte. Ltd., established on April 1, 2014, serves as Repsol’s key hub in Asia for the international trading, supply, and transport of oil. The company connects global energy markets from its base in Singapore, operating within the petroleum and petroleum products merchant wholesale sector.

In addition to trading operations, Repsol Singapore also distributes a wide range of high-quality lubricants for both automotive and industrial applications, supporting local businesses and customers through its dedicated sales office.

Pacific Energy Corporation

Pacific Energy is an independent energy resources development company headquartered in Singapore. The company develops, builds, owns, and operates projects across the entire energy supply chain.

In the upstream sector, Pacific Energy focuses on natural gas exploration and production in Canada and South America. Its midstream and downstream operations include a liquefied natural gas (LNG) receiving terminal and a combined cycle gas turbine (CCGT) power plant in China.

As part of its ongoing expansion, the company is actively developing additional gas-fired power plants and LNG terminals in China, along with a major LNG export facility in Canada to support long-term energy growth and sustainability.

Puma Energy Supply & Trading Pte. Ltd

Puma Energy Supply & Trading Pte. Ltd. is one of the largest oil and gas companies based in Singapore. The company is a subsidiary of Singapore-incorporated Trafigura with operations in around 40 countries across five continents.

The company engages in the supply, storage, refining, distribution, and retail of a wide range of oil products. It owns and operates more than 1,900 service stations and manages 7.9 million cubic metres (approximately 50 million barrels) of oil storage capacity globally.

Puma Energy powers transport by land, sea, and air, connecting people and businesses in over 36 countries, while also providing energy access through more than 2,100 retail stations.

City Energy

City Energy Pte Ltd, formerly known as City Gas Pte Ltd and originally founded as the Singapore Gas Company in 1861. City Energy is the nation’s sole producer and retailer of piped town gas, supplying energy to households and businesses across the island, and is a wholly owned subsidiary of Keppel Corporation.

City Energy, as one of the largest and oldest gas companies in Singapore, started with the Kallang Gasworks, which used coal to produce gas and was strategically located to receive coal shipments. Currently, the company continues to play an essential role in daily life by supplying piped town gas for cooking and water heating to over 870,000 customers.

Singapore Petroleum Company

Singapore Petroleum Company Limited (SPC) is one of Singapore’s key players in the oil and gas sector, engaged in petroleum exploration, production, refining, trading, and distribution. The company was founded in 1969 and is a wholly owned subsidiary of Chinese state-owned PetroChina International.

SPC is a joint owner of the Singapore Refining Company (SRC), a 285,000-barrels-per-day refinery it co-owns with Chevron Corporation. SPC also operates a 220,000-cubic-metre storage terminal on Pulau Sebarok, supporting its marine bunkering, trading, and marketing operations with a deep-water jetty capable of handling vessels up to 160,000 tonnes.

In 2004, SPC strengthened its position in Singapore's downstream market by acquiring 50% of BP’s interest in SRC along with BP's retail network and LPG business. As of June 2025, Chevron has initiated a process to sell its 50% stake in SRC, with PetroChina (SPC’s parent company) identified as one of the potential buyers.

PetChem

Petchem International Trading and Shipping Pte Ltd, founded in 2008, is a privately owned energy trading company based in Singapore. Petchem specializes in the trading, logistics, chartering, operations, and financing of petroleum products across the Asia-Pacific region.

The company actively trades gasoil, gasoline, bitumen, and fuel oil, and has expanded its portfolio to include crude oil, petrochemicals, and clean energy. Petchem operates from its Singapore headquarters, serving key growth markets such as Vietnam, Cambodia, Thailand, the Philippines, Indonesia, and China.

PetroSeraya

PetroSeraya Pte. Ltd. is a Singapore-based company engaged in oil trading and processing, with a focus on providing services incidental to oil and gas extraction. The company plays a key role in supporting the energy sector by managing fuel tanks, jetties procurement, and storage facilities. As part of its operations, PetroSeraya offers specialised storage solutions, including tank leasing services, to support the handling and warehousing of oil and gas products.

List of oil refineries in Singapore

Singapore is one of the world’s largest oil refining centers, with several major refineries:

Wrapping Up

Singapore’s oil and gas sector is rising to meet the challenge of growing energy demands across the globe. With demand for oil projected to hit 104 million barrels per day in 2025 and natural gas gaining greater prominence, the nation’s top oil and gas companies are not only scaling operations but also embracing innovation, sustainability, and efficiency. 

Also, Singapore is the market leader for high-end floating production, storage, and offloading (FPSOs) conversions and jack-up rigs, as well as the regional HQ for most of the big oil companies in the world. These oil companies are reinforcing Singapore’s position as a strategic energy hub in Southeast Asia and beyond, from traditional petroleum trading to cutting-edge renewable energy initiatives.

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