While the economic turbulence of recent months has created uncertainty in some oil and gas markets, Singapore's industry minister has iterated the country's commitments to long-term stability.

According to Xinhua, Lim Hng Kiang told attendees at the opening of a new Halliburton manufacturing and tech centre that the country was committed to investment in the infrastructure necessary to support its role as a key oil and gas hub in the region.

He explained that the country has already established the Centre for Offshore Research and Engineering to create robust R&D competences.

So too, Lim said that the country has allocated $SG76 million (£31.4 million) for investment in training and development programmes for domestic workers looking to enter the oil and natural gas industry.

Over the next five years, the country will focus on extending oil training programmes in order to increase the number of skilled machinists in its workforce.

According to Business Monitor's latest Singapore Oil and Gas Report, Singapore has long been favoured by international oil and gas firms looking to invest in downstream operations in the Asia Pacific.

Low level political and economic risks have made it a strong competitor in the area.

Oil and Gas Directory: Training and Development