Vinceng Turbocharged November 7, 2016 Share November 7, 2016 Singapore is only a tiny market for Shell. You'd be surprised that toothpaste 'Colgate' is under them. They make more money in other business entities. ↡ Advertisement Link to post Share on other sites More sharing options...
Jamesc Hypersonic November 7, 2016 Share November 7, 2016 With the price rigging here in SG, can't see how it is a loss-maker for them. Didn't case say this is not happening here? Link to post Share on other sites More sharing options...
Jamesc Hypersonic November 7, 2016 Share November 7, 2016 Singapore is only a tiny market for Shell. You'd be surprised that toothpaste 'Colgate' is under them. They make more money in other business entities. They both use the same chemicals? Link to post Share on other sites More sharing options...
Kusje Supersonic November 7, 2016 Share November 7, 2016 Singapore is only a tiny market for Shell. You'd be surprised that toothpaste 'Colgate' is under them. They make more money in other business entities. Isn't colgate under colgate-palmolive? How is it linked to shell? With the price rigging here in SG, can't see how it is a loss-maker for them. It's not about whether they make money or not. It's whether the amount of money they forecast to make is better than the amount they can sell the business for. Does anyone have the list of Petrol stations each brand has in SG? I remember when BP was leaving, the rumor was that Hinleong would buy over their stations but Petrochina got it in the end. If Shell really leaves, hope the buyer is someone new rather than one of the existing players but it will be more logistically challenging as all the current players already have refineries in SG. Link to post Share on other sites More sharing options...
Kangadrool Supersonic November 7, 2016 Share November 7, 2016 Loss could mean not making enough moolah for them or moolah too small... With the price rigging here in SG, can't see how it is a loss-maker for them. Link to post Share on other sites More sharing options...
Adrianli Hypersonic November 7, 2016 Share November 7, 2016 (edited) There's talk that Shell is going to withdraw operations from SEA, and focus on aviation fuel. If that happens, I see Esso or SPC taking over the existing Shell stations in Singapore. SG is a maritime hub. Shell is making lots from lubrication oil here. They have a major distribution centre here with testing facilities. My Shell contact did not indicate to me that they are exiting SG. I am in contact with him with regards to marine lubrication oils for our vessels. They are bidding for our global contract at the moment and SG is where majority of their lubrication oil is available. Edited November 7, 2016 by Adrianli 1 Link to post Share on other sites More sharing options...
Ktglfc Hypersonic November 7, 2016 Share November 7, 2016 There's talk that Shell is going to withdraw operations from SEA, and focus on aviation fuel. If that happens, I see Esso or SPC taking over the existing Shell stations in Singapore. Confirmed? We have refinery hub at Jurong Island .... sure they are exiting? Link to post Share on other sites More sharing options...
Kusje Supersonic November 7, 2016 Share November 7, 2016 SG is a maritime hub. Shell is making lots from lubrication oil here. They have a major distribution centre here with testing facilities. My Shell contact did not indicate to me that they are exiting SG. I am in contact with him with regards to marine lubrication oils for our vessels. They are bidding for our global contract at the moment and SG is where majority of their lubrication oil is available. Can't say whether the rumors are true or not but usually your shell contact will also be the last to know for this kind of news. Link to post Share on other sites More sharing options...
Celicar Turbocharged November 7, 2016 Share November 7, 2016 There's talk that Shell is going to withdraw operations from SEA, and focus on aviation fuel. If that happens, I see Esso or SPC taking over the existing Shell stations in Singapore. Why must withdraw operations from SEA before can focus on aviation fuel? Cannot focus while in SEA? And withdraw means no more refining here or no more selling here? Link to post Share on other sites More sharing options...
Aventador 6th Gear November 7, 2016 Share November 7, 2016 Singapore is only a tiny market for Shell. You'd be surprised that toothpaste 'Colgate' is under them. They make more money in other business entities. Shell does not own Colgate Colgate is a global conglomerate and its major shareholders are https://finance.yahoo.com/quote/CL/holders?p=CL 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic November 7, 2016 Share November 7, 2016 SG is a maritime hub. Shell is making lots from lubrication oil here. They have a major distribution centre here with testing facilities. My Shell contact did not indicate to me that they are exiting SG. I am in contact with him with regards to marine lubrication oils for our vessels. They are bidding for our global contract at the moment and SG is where majority of their lubrication oil is available. Sounds like exit retail business but not refinery business but I find this unlikely as it seems to be profitable especially with the tie up with 7-11. 2 Link to post Share on other sites More sharing options...
Sturtles 6th Gear November 7, 2016 Share November 7, 2016 Shell does not own Colgate Colgate is a global conglomerate and its major shareholders are https://finance.yahoo.com/quote/CL/holders?p=CL Well Done.. Looks like some posters here are not proof reading their posts Link to post Share on other sites More sharing options...
Beehive3783 Turbocharged November 7, 2016 Share November 7, 2016 What kind of operations? Petrol station network? Shell Bukom? Shell Refinery? There's talk that Shell is going to withdraw operations from SEA, and focus on aviation fuel. If that happens, I see Esso or SPC taking over the existing Shell stations in Singapore. Link to post Share on other sites More sharing options...
Ben5266 Supercharged November 7, 2016 Share November 7, 2016 There's talk that Shell is going to withdraw operations from SEA, and focus on aviation fuel. If that happens, I see Esso or SPC taking over the existing Shell stations in Singapore. I still have a lot of $8 vouchers! ↡ Advertisement Link to post Share on other sites More sharing options...
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