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Market Chatter: Exxon, Shell Seek Bids to Transport Carbon From Singapore
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Market Chatter: Exxon, Shell Seek Bids to Transport Carbon From Singapore
May 30, 2025 5:12 AM

07:38 AM EDT, 05/30/2025 (MT Newswires) -- Exxon Mobil ( XOM ) and Shell (SHEL) are seeking proposals for services to transport and store carbon dioxide, Bloomberg News reported Friday, citing a spokesperson of Singapore's Energy Market Authority.

The companies, through their S-Hub consortium, issued a Request for Proposal to companies across Asia-Pacific, according to the report.

Indonesia and Malaysia are potential storage sites, with Exxon holding CO2 storage rights in both countries, the report said.

Exxon, Shell, and the Singapore Energy Market Authority did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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