Strategic Marine Delivers CTV Pair to WEM Marine
Singapore-based Strategic Marine delivered a pair of 27m CTVs to WEM Marine Ltd, a UK-based offshore support vessel provider with a growing fleet servicing the renewable offshore wind energy sector. This is WEM’s first order…
U.S. Slaps Sanctions on Firms Moving Venezuelan Oil to Cuba
The U.S. Treasury Department on Tuesday imposed sanctions on four maritime firms and vessels transporting Venezuelan oil to Cuba, amid an acute fuel scarcity in the island that is forcing people to line up for gasoline and public transport.Despite tough U.S.
FueLNG Scores Century in Singapore Bunkering
FueLNG, a joint venture between Keppel Offshore & Marine Ltd (Keppel O&M) and Shell Eastern Petroleum (Pte) Ltd, has set a new industry milestone for Singapore by completing its 100th LNG bunkering operation.Since May 2018…
Sembcorp Marine Outlook Subdued on Q1 Profit Slump
Singaporean rig builder Sembcorp Marine Ltd said on Wednesday first-quarter profit fell 86 percent, and signaled a subdued outlook for orders and business volumes.Sembcorp Marine said profit came in at S$5.3 million ($4 million) for the three-month period ended March…
Keppel Bags Awilco's Semi-submersible Rig Order
Following the Letter of Intent signed by Keppel Offshore & Marine Ltd through its wholly-owned subsidiary, Keppel FELS Limited, with Awilco Drilling PLC, Keppel has secured the contract to construct a mid-water semisubmersible…
Ex-Keppel Lawyer Cooperated in Brazil Bribery Probe
A former lawyer at Keppel Corp Ltd's oil rig building business secretly pleaded guilty and cooperated with U.S. authorities before the Singapore-based company agreed to pay $422 million to settle charges it bribed Brazilian officials, according to court documents.
Borr Drilling Deal Could Lead to Mexico Contracts
Borr Drilling's acquisition of nine jack-up rigs from Singapore's PPL shipyard could provide it a competitive edge in seeking contracts off Mexico, Danske Bank analysts said. The company has successfully raised $650 million…
Keppel Closes Deal with Borr Drilling
Keppel FELS Limited, a wholly-owned subsidiary of Keppel Offshore & Marine Ltd (KOM), had entered into a Heads of Agreement with Borr Drilling Limited of Bermuda. Keppel FELS has now signed the relevant definitive agreements…
Keppel on Track to Deliver Rig for Caspian Drilling
Keppel Offshore & Marine Ltd (Keppel O&M) through its subsidiary in Azerbaijan, Caspian Shipyard Company (CSC), is on track to deliver a semisubmersible drilling rig to Caspian Drilling Company Ltd, a subsidiary of the State Oil Company of Azerbaijan Republic (SOCAR).
Keppel FloaTEC Secures Contract for TLWP in Vietnam
Keppel FloaTEC LLC, a wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has secured a contract worth about $40 million from PTSC Mechanical & Construction (PTSC M&C) to provide engineering, technology…
Keppel's Q1 Profit up 23 pct
Singapore's Keppel Corp on Thursday reported a 23 percent rise in its first-quarter profit as improved earnings from the infrastructure and investments divisions helped offset weakness in its offshore and marine business.
Sembcorp Marine Swings to Q4 Profit
Annual revenue lowest since 2006. Singapore's Sembcorp Marine Ltd (SembMarine) swung to profit in the fourth quarter of 2016 after provisions pulled the rig builder into a loss the year earlier, but a downturn in oil prices pushed annual revenue to its lowest in a decade.
Keppel Delivers FPSO for Brazil
Keppel Offshore & Marine’s shipyard in Brazil, BrasFELS, has delivered P-66, the first of the Replicante series of floating production storage and offloading (FPSO) units, to Tupi BV. Keppel Offshore & Marine Ltd (Keppel O&M)…
Sembcorp Marine Swings to Loss in Q3
Singapore's Sembcorp Marine Ltd swung to a loss in the third quarter and the rig builder's revenue was hurt by customers deferring rig deliveries amid a protracted downturn in the oil and natural gas market. The company posted…
Sembcorp Marine Posts Q3 Loss
Singaporean rig builder Sembcorp Marine Ltd. posted a loss in the third quarter, hurt by higher financing costs and a fall in orders due to weak oil prices. The company posted a net loss of S$21.8 million ($15.7 million) for the three months ended Sept.
Keppel Delivers Jackup to Perforadora Central
Keppel AmFELS LLC, a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M) in the U.S., has delivered Uxpanapa, a KFELS B Class jackup rig, to Mexico's Central Panuco S.A. De C.V. (Central Panuco), a subsidiary of Mexico's Perforadora Central S.V. De C.V.
Sevan Marine Divests Stake in KANFA Aragon
Sevan Marine ASA said it has disposed 50 percent of its stake in KANFA Aragon AS to Sembcorp Marine Ltd. for cash consideration of NOK 20 million, representing a step in the company’s efforts to cut costs and complexity while…
Keppel AmFELS Delivers Harsh Environment Land Rig
Keppel AmFELS, a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M) in the US, has successfully delivered one of the world's largest Harsh Environment Enhanced Mobility land rigs. The rig was delivered 41…
Keppel Secures MODEC FPSO Project in Brazil
Keppel Offshore & Marine Ltd, through subsidiary Keppel FELS Brasil SA's BrasFELS shipyard, has been awarded a Floating Production Storage and Offloading (FPSO) module fabrication and integration project by its repeat customer…
Keppel AmFELS delivers Largest Harsh Environment Rig
Keppel AmFELS, a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M) in the US, has successfully delivered one of the world's largest Harsh Environment Enhanced Mobility land rigs. The rig was delivered 41…
