Awilco Drilling emerges victorious over Singapore yard Keppel in $43m case
Awilco, which currently has no assets, told Energy Voice it is reviewing investment opportunities.
Keppel FELS
Awilco will not appeal arbitration ruling against Keppel
Keppel claimed $440mn plus interest for the first rig million and $269mn plus interest for the second rig. Awilco has warned that any ruling against the company could result in bankruptcy.
Awilco ‘disappointed’ as rig tribunal rules in favour of Keppel
Awilco Drilling voiced its disappointment as a tribunal ruled against it in a long-running legal battle over cancelled rig construction contracts.
Former Keppel O&M management warned over Petrobras bribery scandal
Singapore’s Corrupt Practices Investigation Bureau (CPIB) has issued stern warnings to six ex-senior management staff of Keppel Offshore & Marine for their alleged bribery involving contracts with Brazil’s state-owned oil company Petrobras.
Awilco Drilling raising $10m for legal battle with Singapore shipbuilder Keppel
Aberdeen-headquartered Awilco Drilling (OSLO: AWDR) is raising $10m to help finance an ongoing legal case with Singapore shipbuilder Keppel FELS.
Awilco Drilling preparing for final showdown with Keppel FELS over cancelled rig orders
It is nearing crunch time for Awilco Drilling in its long-running dispute with Keppel FELS over the cancellation of two major oil rig orders.
Singapore’s Keppel terminates three contracts as clients fail to pay
Keppel Offshore & Marine subsidiary Keppel FELS will terminate three contracts that will see the Singapore yard seize ownership of a jack-up and semi-submersible rig, that it will have the rights to sell, after clients failed to pay up.
Borr Drilling sells three jackup rigs for $320m
Borr Drilling (NYSE: BORR) has signed a deal to sell three jackup oil rigs for $320 million.
Keppel wins offshore wind farm substation contract
Keppel Offshore & Marine (O&M) has secured a contract from a renewables developer to construct two offshore substations for S$110 million (£60 million).
Feud deepens between Awilco and Keppel with second arbitration on the way
A new layer has been added to the bitter feud between Awilco Drilling and rig builder Keppel FELS, with a second arbitration process on the cards.
Awilco warns of cost saving measures on the horizon
Rig contractor Awilco Drilling has warned it will initiate a "wide range of cost saving measures".
Awilco Drilling sinks to £10.6m losses amid disputes with rig builder and HMRC
Awilco Drilling has sunk to losses of £10.6million in the first half of 2020 amid separate disputes with rig builder Keppel Fels and HMRC.