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O&M industry: Floating on unstoppable oil

Douglas Toh
Douglas Toh • 14 min read
O&M industry: Floating on unstoppable oil
The busy shipyard of Kim Heng Offshore and Marine Holdings, one of Singapore’s O&M players, located at 9 Pandan Crescent. Photo: Samuel Isaac Chua/ The Edge Singapore
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Energy production and usage are sensitive topics amid global warming, net-zero targets, and ongoing reliance on fossil fuels. Nine years after the Paris Agreement, Asean still depends heavily on coal, oil, and natural gas.

In 2015, world leaders pledged to prevent global temperatures from rising by more than 1.5°C.

The Paris Agreement, which saw 193 parties and the European Union agree to cut greenhouse gas emissions, came into force on Nov 4, 2016.

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