ExxonMobil (XOM), Shell Partner With Singapore for CCS Project

Exxon Mobil Corporation (XOM) and Shell plc (SHEL) have announced a partnership with the Singapore government to develop a cross-border carbon capture and storage (CCS) project.The collaboration aims to significantly reduce Singapore's carbon dioxide (CO2) emissions, marking a pivotal step in the country's decarbonization journey.The Singapore-based units of these energy giants — ExxonMobil Asia Pacific Pte. Ltd. and Shell Singapore Pte. Ltd. — have established the S-Hub consortium to lead the development o ...