Keppel starts arbitration against Awilco over cancelled rig order
Singaporean rig builder Keppel Fels has commenced arbitration proceedings to challenge Awilco's decision to terminate a $425 million order.
Keppel
Legal action looms between Keppel and Awilco over cancelled rig deal
Rig builder Keppel Fels is "considering legal options" after Oslo-listed contractor Awilco pulled the plug on a $425 million order.
Keppel secures contracts worth £77m
Singapore-based rig builder Keppel has inked contracts worth £77m million for a newbuild dredger and the modification of a floating production, storage and offloading vessel (FPSO).
Keppel bags deals worth around £90m
Keppel Offshore & Marine has secured integration and upgrading contracts worth about £90 million.
Updated: Awilco in new £325m rig order, appoints new CEO
North Sea contractor Awilco Drilling has ordered a new semi-submersible rig for £325 million – and found a new chief executive.
Borr to buy five rigs from Keppel for £550m
Borr Drilling said it would buy five newbuild jack-up rigs from Keppel for £550million.
Transocean completes $1.35bn sale of jack-up fleet
Vessel contractor Transocean has completed the $1.35billion sale of its jack-up rig fleet to Borr Drilling.
Fortuna FLNG vessel conversion contract handed to Keppel
Ophir Energy said today that construction contracts had been awarded for the conversion of a vessel for its Fortuna FLNG project offshore Equatorial Guinea.
Damen buys shipyard from Keppel
Damen has acquired the Keppel Verolme shipyard in the Rotterdam Botlek area from Keppel Offshore & Marine.
World’s largest rig builder Keppel cut 10,000 staff last year, posted smallest profit in a decade
The world’s largest builder of oil rigs cut its workforce by more than 10,000 people in 2016.
New jack-up rig delivered to Maersk Drilling
Maersk Drilling has taken delivery of the jack-up rig that will perform plug and abandonment work on the Valhall field.
Keppel ready to rescue debt-laden KrisEnergy
Rig builder Keppel is ready to rescue KrisEnergy by subscribing to an bond offer from the debt-laden oil and gas explorer, a news report said.
Keppel acknowledges ‘suspicious’ payments
Keppel said “certain transactions” linked to a former agent in Brazil “may be suspicious”, according to an internal investigation.
Keppel Singmarine wins $100mn vessel deal
Keppel Singmarine has won a contract to build three trailing suction hopper dredgers in a $100million deal for Jan De Nul group.
No money from Brazil means no work by Keppel for client sete
Keppel Corp., the world’s largest builder of oil rigs, said it won’t resume work for a key Brazilian client until the customer restarts making payments on its orders.
Transocean delays jackup delivery until 2020
Transocean today confirmed it would delay the delivery of five jackup until 2020.
BG forms joint venture with Keppel to fuel ships with LNG in Singapore
BG Group and Keppel Offshore & Marine have secured a licence to supply LNG bunker to vessels in the Port of Singapore.
Keppel profits fall 44% after rig orders hit by low oil price
Singapore's Keppel Corporation said on Thursday its fourth-quarter net profit fell 44% and its 2015 profit dropped to a five-year low as plunging oil prices hit demand for offshore rigs.
Singapore’s Keppel Q2 profit falls 2 pct as rig business falters
Singapore-based conglomerate Keppel's second-quarter net profit fell 2 percent to S$396.7 million ($290.2 million) from a year earlier, weighed down by weak performance in the offshore and marine unit. Keppel, one of the world's largest offshore rig builders, also has business interest in real estate and infrastructure. The weakness in oil market over the past year has been weighing on the rig building business globally. Keppel posted revenue of S$2.6 billion for the quarter ended June 30, down 19 percent from a year earlier, and a net profit of S$756.9 million for the first half of the year. That was slightly short of half of a mean estimate for the full year at S$1.59 billion, based on 21 analysts polled by Thomson Reuters.
Keppel wins contracts worth $48.7million
Keppel Offshore & Marine has won two contracts worth $48.7million. The company’s subsidiary, Keppel Singmarine, will carry out work with Seaways to build a multi-task Anchor Handling Tug (AHT) vessel suitable for a number of offshore activities. It will also complete work for N-KOM (Nakilat-Keppel Offshore & Marine), a joint venture shipyard in Qatar, to provide technical services for the construction of a liftboat.